Helix Energy Solutions Group Community

Q4 Revenue: $355 million Q4 Gross Profit: $59 million Q4 Net Income: $20 million Q4 Adjusted EBITDA: $72 million Q4 Operating Cash Flow: $78 million Q4 Free Cash Flow: $65 million Full Year 2024 Revenue: $1.36 billion Full Year 2024 Gross Profit: $220 million Full Year 2024 Net Income: $56 million Full Year 2024 Adjusted EBITDA: $303 million Full Year 2024 Operating Cash Flow: $186 million Full Year 2024 Free Cash Flow: $163 million Cash and Cash Equivalents: $368 million Liquidity: $430 million Funded Debt: $324 million Negative Net Debt: $53 million Positive Points reported strong financial performance for Q4 2024 with revenues of $355 million, a gross profit of $59 million, and net income of $20 million. The company achieved an adjusted EBITDA of $72 million for the quarter and generated strong free cash flow of $65 million.

Key Takeaways Strong contract coverage for well intervention assets is expected to improve revenue and margins as legacy contracts are replaced. Growth in the Robotics segment, driven by demand for trenching and renewables, suggests potential for increased future revenue.