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Helix Reports Third Quarter 2020 Results

By   /  October 22, 2020  /  Comments Off on Helix Reports Third Quarter 2020 Results

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HOUSTON–()–Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported net income1 of $24.5 million, or $0.16 per diluted share, for the third quarter 2020 compared to $31.7 million, or $0.21 per diluted share, for the same period in 2019 and $5.5 million, or $0.04 per diluted share, for the second quarter 2020. Adjusted EBITDA2 was $52.7 million for the third quarter 2020 compared to $66.3 million for the third quarter 2019 and $47.9 million for the second quarter 2020.

For the nine months ended September 30, 2020, Helix reported net income of $18.0 million, or $0.10 per diluted share, compared to net income of $49.9 million, or $0.33 per diluted share, for the nine months ended September 30, 2019….



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