Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Diana Glassman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 25
Hornbeck Offshore Services, Inc. agreed to acquire Helix Energy Solutions Group, Inc. (NYSE:HLX) in a reverse merger transaction. Hornbeck Offshore Services, Inc. agreed to acquire Helix Energy Solutions Group, Inc. (NYSE:HLX) in a reverse merger transaction on April 23, 2026. Hornbeck stockholders would receive a fixed exchange ratio of 10.27167 shares of Helix common stock for each share of Hornbeck common stock owned. Upon closing of the transaction, Hornbeck shareholders will own approximately 55% and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. The combined company will operate under the Hornbeck Offshore Services name and trade on the New York Stock Exchange under the ticker symbol “HOS.”
Following the completion of the transaction, Todd M. Hornbeck will serve as President and Chief Executive Officer of the combined company. The combined company’s Board of Directors will comprise seven directors, three of whom will be from Helix and four from Hornbeck, including Mr. Hornbeck. William L. Transier will serve as Chairman of the combined company’s Board. The combined company’s headquarters will be in Houston, Texas, and Covington, Louisiana.
The Boards of Directors of both Helix and Hornbeck have approved the transaction. Parties representing a significant portion of the ownership of Hornbeck, including Ares Management funds, delivered today their written consent approving the transaction. The transaction is expected to close in the second half of 2026, subject to approval by Helix shareholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions. The transaction is expected to create attractive earnings profile with low leverage and strong free cash flow generation.
Goldman Sachs & Co. LLC acted as financial advisor for Helix Energy Solutions Group, Inc. Baker Botts L.L.P. acted as legal advisor for Helix Energy Solutions Group, Inc. Barclays Capital Inc. acted as financial advisor for Hornbeck Offshore Services, Inc. Piper Sandler & Co. acted as financial advisor for Hornbeck Offshore Services, Inc. JPMorgan Chase & Co. acted as financial advisor for Hornbeck Offshore Services, Inc. Kirkland & Ellis LLP acted as legal advisor for Hornbeck Offshore Services, Inc. Veriten LLC is serving as an independent strategic advisor to Helix. Annonce • Apr 23
Helix Energy Solutions Group, Inc. and Hornbeck Offshore Services, Inc. Announce Executive and Board Changes Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) and Hornbeck Offshore Services, Inc. ("Hornbeck") announced they have entered into a definitive agreement to combine in an all-stock transaction, establishing a premier integrated offshore services company. Upon closing of the transaction, Hornbeck shareholders will own approximately 55% and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. Following the completion of the transaction, Todd M. Hornbeck will serve as President and Chief Executive Officer of the combined company. The combined company’s Board of Directors will comprise seven directors, three of whom will be from Helix and four from Hornbeck, including Mr. Hornbeck. William L. Transier will serve as Chairman of the combined company’s Board. Annonce • Apr 09
Helix Energy Solutions Group, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Helix Energy Solutions Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026 Annonce • Feb 27
Helix Energy Solutions Group, Inc., Annual General Meeting, May 13, 2026 Helix Energy Solutions Group, Inc., Annual General Meeting, May 13, 2026. Annonce • Feb 25
Helix Energy Solutions Group, Inc. Reports Long-Lived Asset Impairment for the Fourth Quarter Ended December 31, 2025 Helix Energy Solutions Group, Inc. reported long-lived asset impairment for the fourth quarter ended December 31, 2025. For the period, the company reported long-lived asset impairment of $18,064,000. Annonce • Feb 07
Helix Energy Solutions Group, Inc. to Report Q4, 2025 Results on Feb 23, 2026 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Annonce • Oct 04
Helix Energy Solutions Group, Inc. to Report Q3, 2025 Results on Oct 22, 2025 Helix Energy Solutions Group, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Annonce • Jul 04
Helix Energy Solutions Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Helix Energy Solutions Group, Inc. announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Annonce • Apr 12
Helix Energy Solutions Group, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Helix Energy Solutions Group, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Annonce • Apr 03
Helix Energy Solutions Group, Inc., Annual General Meeting, May 14, 2025 Helix Energy Solutions Group, Inc., Annual General Meeting, May 14, 2025. Location: helixs corporate office, 3505 west sam houston, parkway north, suite 400, texas 77043, houston United States Annonce • Feb 01
Helix Energy Solutions Group, Inc. to Report Q4, 2024 Results on Feb 24, 2025 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 Recent Insider Transactions • Jan 03
Executive VP recently sold €742k worth of stock On the 30th of December, Kenneth Neikirk sold around 84k shares on-market at roughly €8.84 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €6.1m more than they bought in the last 12 months. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.10 in 3Q 2023) Third quarter 2024 results: EPS: US$0.19 (up from US$0.10 in 3Q 2023). Revenue: US$342.4m (down 14% from 3Q 2023). Net income: US$29.5m (up 90% from 3Q 2023). Profit margin: 8.6% (up from 3.9% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Oct 12
Helix Energy Solutions Group, Inc. to Report Q3, 2024 Results on Oct 23, 2024 Helix Energy Solutions Group, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$0.21 (vs US$0.047 in 2Q 2023) Second quarter 2024 results: EPS: US$0.21 (up from US$0.047 in 2Q 2023). Revenue: US$364.8m (up 18% from 2Q 2023). Net income: US$32.3m (up 356% from 2Q 2023). Profit margin: 8.9% (up from 2.3% in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 04
Helix Energy Solutions Group, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Helix Energy Solutions Group, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Recent Insider Transactions • May 24
President recently sold €3.4m worth of stock On the 22nd of May, Owen Kratz sold around 314k shares on-market at roughly €10.88 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Owen's only on-market trade for the last 12 months. Reported Earnings • Apr 25
First quarter 2024 earnings released: US$0.17 loss per share (vs US$0.034 loss in 1Q 2023) First quarter 2024 results: US$0.17 loss per share (further deteriorated from US$0.034 loss in 1Q 2023). Revenue: US$296.2m (up 18% from 1Q 2023). Net loss: US$26.3m (loss widened 409% from 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Annonce • Apr 06
Helix Energy Solutions Group, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Helix Energy Solutions Group, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Annonce • Apr 05
Helix Energy Solutions Group, Inc., Annual General Meeting, May 15, 2024 Helix Energy Solutions Group, Inc., Annual General Meeting, May 15, 2024, at 08:30 Central Standard Time. Location: Helix Energy Solutions Group, Inc.'s corporate office, 3505 West Sam Houston Parkway North, Suite 400 Houston Texas United States Agenda: To consider and elect three Class II directors to serve a three-year term expiring at the Annual Meeting of Shareholders in 2027 or, if at a later date, until their successors are duly elected and qualified; to consider and ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider and Advisory vote on the approval of the 2023 compensation of named executive officers; to consider and approve the amendment and restatement of 2005 Long Term Incentive Plan; to consider any other business that may properly be considered at the Annual Meeting or any adjournment thereof. Annonce • Feb 29
Helix Energy Solutions Group, Inc. Provides Revenue Guidance for the Full Year 2024 Helix Energy Solutions Group, Inc. provided revenue guidance for the full year 2024. For the period, the company expects revenue in the range of $1.2 billion to $1.4 billion. Reported Earnings • Feb 27
Full year 2023 earnings released: US$0.072 loss per share (vs US$0.58 loss in FY 2022) Full year 2023 results: US$0.072 loss per share (improved from US$0.58 loss in FY 2022). Revenue: US$1.29b (up 48% from FY 2022). Net loss: US$10.8m (loss narrowed 88% from FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annonce • Feb 03
Helix Energy Solutions Group, Inc. to Report Q4, 2023 Results on Feb 26, 2024 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2023 results After-Market on Feb 26, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: US$0.10 (vs US$0.12 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.10 (up from US$0.12 loss in 3Q 2022). Revenue: US$395.7m (up 45% from 3Q 2022). Net income: US$15.6m (up US$34.3m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings. Annonce • Oct 16
Helix Energy Solutions Group, Inc. (NYSE:HLX) acquired Plugging & Abandonment (P&A) Business of QuarterNorth Energy LLC. Helix Energy Solutions Group, Inc. (NYSE:HLX) acquired Plugging & Abandonment (P&A) Business of QuarterNorth Energy LLC on October 14, 2023. Houlihan Lokey acted as financial advisor to QuarterNorth EnergyHelix Energy Solutions Group, Inc. (NYSE:HLX) completed the acquisition of Plugging & Abandonment (P&A) Business of QuarterNorth Energy LLC on October 14, 2023. Annonce • Oct 14
Helix Energy Solutions Group, Inc. to Report Q3, 2023 Results on Oct 23, 2023 Helix Energy Solutions Group, Inc. announced that they will report Q3, 2023 results After-Market on Oct 23, 2023 New Risk • Aug 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €270k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.047 (vs US$0.20 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.047 (up from US$0.20 loss in 2Q 2022). Revenue: US$308.8m (up 90% from 2Q 2022). Net income: US$7.10m (up US$36.8m from 2Q 2022). Profit margin: 2.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Annonce • Jul 15
Helix Energy Solutions Group, Inc. to Report Q2, 2023 Results on Jul 26, 2023 Helix Energy Solutions Group, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Recent Insider Transactions • Jun 13
Executive VP & COO recently sold €137k worth of stock On the 8th of June, Scott Sparks sold around 20k shares on-market at roughly €6.87 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by €917k. Reported Earnings • Apr 26
First quarter 2023 earnings released: US$0.034 loss per share (vs US$0.28 loss in 1Q 2022) First quarter 2023 results: US$0.034 loss per share (improved from US$0.28 loss in 1Q 2022). Revenue: US$250.1m (up 67% from 1Q 2022). Net loss: US$5.17m (loss narrowed 88% from 1Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 06
Executive VP & COO recently sold €597k worth of stock On the 27th of February, Scott Sparks sold around 75k shares on-market at roughly €7.97 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by €780k. Reported Earnings • Feb 21
Full year 2022 earnings released: US$0.58 loss per share (vs US$0.41 loss in FY 2021) Full year 2022 results: US$0.58 loss per share (further deteriorated from US$0.41 loss in FY 2021). Revenue: US$873.1m (up 29% from FY 2021). Net loss: US$87.8m (loss widened 42% from FY 2021). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Buying Opportunity • Feb 18
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €9.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 03
Now 20% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be €8.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Annonce • Jan 28
Helix Energy Solutions Group, Inc. to Report Q4, 2022 Results on Feb 20, 2023 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 20, 2023 Buying Opportunity • Dec 30
Now 22% undervalued Over the last 90 days, the stock is up 65%. The fair value is estimated to be €8.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Nov 03
Executive VP & COO recently sold €182k worth of stock On the 31st of October, Scott Sparks sold around 26k shares on-market at roughly €7.01 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Scott's only on-market trade for the last 12 months. Reported Earnings • Oct 25
Third quarter 2022 earnings released: US$0.12 loss per share (vs US$0.13 loss in 3Q 2021) Third quarter 2022 results: US$0.12 loss per share (improved from US$0.13 loss in 3Q 2021). Revenue: US$272.5m (up 51% from 3Q 2021). Net loss: US$18.8m (loss narrowed 1.5% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annonce • Oct 08
Helix Energy Solutions Group, Inc. to Report Q3, 2022 Results on Oct 24, 2022 Helix Energy Solutions Group, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 24, 2022 Annonce • Sep 27
Helix Energy Solutions Group, Inc. Appoints Diana Glassman and Paula Harris as New Directors Helix Energy Solutions Group, Inc. announced that its Board of Directors has appointed Diana Glassman and Paula Harris as new directors. Ms. Glassman, 55, since December 2019 has been Director-Engagement at EOS at Federated Hermes, a leader in the evolving field of responsible investing, leading their Oil & Gas and co-leading their Technology sector engagements and spearheading engagement on diversity, equity and inclusion with a focus on business strategy, capital allocation and ESG considerations. Ms. Glassman sits on Federated Hermes Limited’s Inclusion Committee and is Chair of its employee networks. Between July 2014 and December 2019 Ms. Glassman was Chief Executive Officer of Integration Strategy, Inc., a strategy consulting firm advising leaders of companies, private equity firms and government entities primarily in energy and infrastructure, and previously held positions of increasing responsibility at TD Bank Group, Credit Suisse and PricewaterhouseCoopers. Ms. Glassman holds a Bachelor of Science degree in Biology, magna cum laude and with Distinction in the major, from Yale University, an M.P.A. in International Development from Harvard Kennedy School, and an M.B.A. from Harvard Business School. Ms. Harris, 58, currently is on the executive leadership team at the Houston Astros serving as Senior Vice President of Community and overseeing the Houston Astros Foundation. Ms. Harris has over 34 years of experience in international oilfield services with Schlumberger Limited (NYSE: SLB), most recently serving as Director of Global Stewardship from 2015 until her retirement in 2020. Prior to such role at Schlumberger Ms. Harris served in a variety of roles of progressing leadership responsibility, initially having worked in field operations offshore before roles in training, sales and environmental-social sustainability, including leading the development and implementation of metrics-based, cost-efficient environmental programs tailored to meet the needs of stakeholders, communities and customers and aiding the delivery of the long-term sustainable development goals in carbon reduction, energy efficiency, increased green technology sales and increased female and minority employees. Ms. Harris currently serves on the boards of directors of Hunting PLC (LSE: HTG), a manufacturer and provider of downhole metal tools and components to the oil and gas industry, and Chart Industries, Inc. (NYSE: GTLS), a global manufacturer of engineered equipment servicing multiple applications in the clean energy and industrial gas markets, as well as other privately held and non-profit boards. Ms. Harris holds a Bachelor of Science degree in petroleum engineering from Texas A&M University and a Master of Education degree in technical instruction and learning from Abilene Christian University. Ms. Glassman will serve as a Class II director whose term will expire at Helix’s 2024 Annual Meeting of Shareholders. Ms. Glassman also was appointed by the Board to serve on the Board’s Corporate Governance and Nominating Committee. Ms. Harris will serve as a Class III director whose term will expire at Helix’s next Annual Meeting of Shareholders. Ms. Harris also was appointed by the Board to serve on the Board’s Compensation Committee. Reported Earnings • Jul 26
Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.091 loss in 2Q 2021) Second quarter 2022 results: US$0.20 loss per share (down from US$0.091 loss in 2Q 2021). Revenue: US$162.6m (flat on 2Q 2021). Net loss: US$29.7m (loss widened 117% from 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annonce • Jul 16
Helix Energy Solutions Group, Inc. to Report Q2, 2022 Results on Jul 25, 2022 Helix Energy Solutions Group, Inc. announced that they will report Q2, 2022 results After-Market on Jul 25, 2022 Reported Earnings • Apr 27
First quarter 2022 earnings released: US$0.28 loss per share (vs US$0.021 loss in 1Q 2021) First quarter 2022 results: US$0.28 loss per share (down from US$0.021 loss in 1Q 2021). Revenue: US$150.1m (down 8.1% from 1Q 2021). Net loss: US$42.0m (loss widened US$38.9m from 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Annonce • Apr 15
Helix Energy Solutions Group, Inc. to Report Q1, 2022 Results on Apr 25, 2022 Helix Energy Solutions Group, Inc. announced that they will report Q1, 2022 results After-Market on Apr 25, 2022 Annonce • Apr 07
Helix Energy Solutions Group, Inc., Annual General Meeting, May 18, 2022 Helix Energy Solutions Group, Inc., Annual General Meeting, May 18, 2022, at 08:30 Central Daylight. Agenda: To elect three Class I directors to serve a three-year term expiring at the Annual Meeting of Shareholders in 2025 or, if at a later date, until their successors are duly elected and qualified; to ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve, on a non-binding advisory basis, the 2021 compensation of our named executive officers; and to consider any other business that may properly be considered at the Annual Meeting or any adjournment thereof. Reported Earnings • Feb 22
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.41 loss per share (down from US$0.13 profit in FY 2020). Revenue: US$674.7m (down 8.0% from FY 2020). Net loss: US$61.5m (down 413% from profit in FY 2020). Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is expected to shrink by 2.6% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Annonce • Feb 12
Helix Energy Solutions Group, Inc. to Report Q4, 2021 Results on Feb 21, 2022 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2021 results After-Market on Feb 21, 2022 Reported Earnings • Oct 21
Third quarter 2021 earnings released: US$0.13 loss per share (vs US$0.16 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$180.7m (down 6.6% from 3Q 2020). Net loss: US$19.0m (down 179% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 29
Second quarter 2021 earnings released: US$0.091 loss per share (vs US$0.036 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$161.9m (down 19% from 2Q 2020). Net loss: US$13.7m (down 357% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 28
Second quarter 2021 earnings released: US$0.091 loss per share (vs US$0.036 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$161.9m (down 19% from 2Q 2020). Net loss: US$13.7m (down 357% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$3.55, the stock trades at a trailing P/E ratio of 21x. Average forward P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.14 per share. Recent Insider Transactions • Jun 10
Executive VP & COO recently sold €170k worth of stock On the 2nd of June, Scott Sparks sold around 35k shares on-market at roughly €4.90 per share. This was the largest sale by an insider in the last 3 months. Scott has been a seller over the last 12 months, reducing personal holdings by €265k. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 15% share price gain to US$4.93, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.84 per share. Executive Departure • May 27
Independent Director has left the company On the 19th of May, James Watt's tenure as Independent Director ended after 14.9 years in the role. As of March 2021, James personally held 206.43k shares (€855k worth at the time). James is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: US$0.019 loss per share (vs US$0.094 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$163.4m (down 9.7% from 1Q 2020). Net loss: US$2.88m (loss narrowed 80% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 12
Independent Director recently sold €236k worth of stock On the 9th of March, John Lovoi sold around 45k shares on-market at roughly €5.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €332k more than they bought in the last 12 months. Annonce • Mar 10
Helix Energy Solutions Group, Inc. Announces New Contract for Fast Response System with HWCG LLC Helix Energy Solutions Group, Inc. announced that it has entered into a new Agreement for Response Resources with HWCG LLC. Under the Agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S. federal and state agencies, and to deploy the Helix Fast Response System to respond to a well control incident in the U.S. Gulf of Mexico. Developed in 2011 as a culmination of Helix’s experience as a responder in the Macondo well control and containment efforts, the Helix Fast Response System consists of the Helix Producer I floating production unit, Q4000 or Q5000 vessels, subsea intervention systems, crude transfer systems and other well control equipment. Under the terms of the Agreement, HWCG will pay Helix an annual retention fee. HWCG’s members will receive a credit against the annual retention fee for every day that a member utilizes the Q4000 or Q5000. The Agreement replaces the parties’ prior agreement and is effective April 1, 2021 for an initial two-year term. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 19% share price gain to US$5.15, the stock is trading at a trailing P/E ratio of 46.9x, up from the previous P/E ratio of 39.3x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 1.5%. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS US$0.15 (vs US$0.39 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$733.6m (down 2.4% from FY 2019). Net income: US$22.2m (down 61% from FY 2019). Profit margin: 3.0% (down from 7.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is expected to shrink by 2.9% compared to a 4.9% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 24
New 90-day high: €4.34 The company is up 28% from its price of €3.38 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.16 per share. Annonce • Feb 13
Helix Energy Solutions Group, Inc. Announces Not to Stand for Re-Election of James A. Watt to the Board of Directors On February 8, 2021, James A. Watt announced his decision not to stand for re-election to the Board of Directors of Helix Energy Solutions Group, Inc. (the Company"). Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.84, the stock is trading at a trailing P/E ratio of 29.1x, up from the previous P/E ratio of 25x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 28%. Annonce • Feb 06
Helix Energy Solutions Group, Inc. to Report Q4, 2020 Results on Feb 22, 2021 Helix Energy Solutions Group, Inc. announced that they will report Q4, 2020 results After-Market on Feb 22, 2021 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.86, the stock is trading at a trailing P/E ratio of 30.2x, up from the previous P/E ratio of 25.9x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Jan 07
New 90-day high: €3.66 The company is up 55% from its price of €2.36 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.57 per share. Is New 90 Day High Low • Dec 12
New 90-day high: €3.56 The company is up 39% from its price of €2.56 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.96 per share. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 29% share price gain to US$3.40, the stock is trading at a trailing P/E ratio of 23.8x, up from the previous P/E ratio of 18.5x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 40%. Is New 90 Day High Low • Nov 25
New 90-day high: €3.40 The company is up 7.0% from its price of €3.18 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.63 per share. Recent Insider Transactions • Nov 20
Executive VP & COO recently sold €95k worth of stock On the 16th of November, Scott Sparks sold around 35k shares on-market at roughly €2.72 per share. This was the largest sale by an insider in the last 3 months. Scott has been a seller over the last 12 months, reducing personal holdings by €194k. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 18% share price gain to US$2.78, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.1x. This compares to an average P/E of 12x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 16% share price gain to US$2.48, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 56%. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of US$23.5m, down 35% from the prior year. Total revenue was US$744.4m over the last 12 months, largely unchanged from the prior year. Analyst Estimate Surprise Post Earnings • Oct 25
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 10% at US$193.5m. Revenue is expected to shrink by 8.6% over the next year, compared to a 14% decline forecast for the Energy Services industry in Germany. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of US$25.4m, down 29% from the prior year. Total revenue was US$744.4m over the last 12 months, largely unchanged from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 10% at US$193.5m. Revenue is expected to shrink by 12% over the next year, compared to a 14% decline forecast for the Energy Services industry in Germany. Annonce • Oct 10
Helix Energy Solutions Group, Inc. to Report Q3, 2020 Results on Oct 21, 2020 Helix Energy Solutions Group, Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Oct 21, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: €2.10 The company is down 30% from its price of €3.00 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.00 per share. Annonce • Jul 17
Helix Energy Solutions Group, Inc. to Report Q2, 2020 Results on Jul 22, 2020 Helix Energy Solutions Group, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Jul 22, 2020