HLX Earnings Prediction
The chart below shows how HLX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HLX sees a -0.47% change in stock price 10 days leading up to the earnings, and a +5.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
HLX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
342.42M
-13.46%
-6.13%
Gross Margin
19.18%
-5.80%
-7.30%
Operating Margin
13.01%
-2.40%
-10.77%
Net Margin
8.62%
119.34%
-2.60%
EPS
0.19
90.00%
-9.52%
No Data Available
HLX Earnings Analysis
Helix Energy Solutions Group, Inc. Corporation (HLX.N) Earnings Conference Call
Positive
Q3 Revenue Surge: 1. Strong Revenue Growth: Helix Energy Solutions reported Q3 2024 revenues of $342 million, contributing to year-to-date revenues of $1 billion, reflecting a significant increase compared to 2023 results.
Strong Quarterly EBITDA Performance: 2. Robust Adjusted EBITDA: The company achieved an adjusted EBITDA of $88 million in Q3 2024, marking its third-largest quarterly EBITDA since 2014, despite challenges in the Shallow Water Abandonment segment.
Strong Free Cash Flow: 3. Positive Free Cash Flow: Helix generated a strong free cash flow of $53 million in Q3 2024, with year-to-date free cash flow reaching $98 million, indicating effective cash management and operational efficiency.
Contract Backlog Strength: 4. Strong Contract Backlog: The company secured over $800 million in backlog from long-term contracts, including a minimum 6-month contract in Nigeria and a 2-year commitment with Shell, ensuring sustained revenue streams.
Vessel Utilization Excellence: 5. High Vessel Utilization: The Q7000 achieved 100% utilization in Australia, while overall uptime efficiency for the quarter was reported at 99%, demonstrating operational excellence across the fleet.
Negative
Weather-Related Revenue Loss: 1. Revenue Loss Due to Weather: The company experienced an estimated revenue loss of up to $10 million due to higher-than-expected weather-related downtime of approximately 12 days in Shallow Water Abandonment during Q3.
Mobilization Costs and EBITDA: 2. Mobilization Costs Impacting EBITDA: The significant mobilizations for the Q4000 and Q7000 resulted in 105 days of accounting deferral of revenues and costs, negatively impacting Q3 reporting and overall EBITDA.
Production Downtime Impact: 3. Production Shut-ins: The Thunder Hawk field production was offline since July 28, contributing to a significant loss in expected revenue and EBITDA for the quarter.
Q4 Seasonal Impact Guidance: 4. Seasonal Impacts on Q4 Guidance: The company anticipates seasonal impacts to operations in Q4, particularly in the North Sea and Gulf of Mexico, which could further affect revenue and EBITDA guidance.
EBITDA Guidance Adjustment: 5. Reduced EBITDA Guidance: The EBITDA guidance for the full year was narrowed down, reflecting the impacts of weather events and unplanned shut-ins, indicating a weaker performance than initially expected.
HLX FAQs
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HLX Earning Call Sentiment
Helix Energy Solutions Group, Inc (HLX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HLX.N
2.05%Positive
The earnings call summary indicates a mixed outlook. Financial performance shows growth, but there's uncertainty in contract variability and market softness for 2025. The Q&A reveals management's optimism in cash flow and robotics visibility, yet lacks clarity in specific EBITDA contributions. The share repurchase plan is positive, but not substantial enough to significantly boost sentiment. Overall, the positive aspects are balanced by uncertainties and unclear responses, leading to a neutral sentiment prediction for the stock price movement.
