HLX Q1 2024 Earnings — Helix Energy Solutions Group, Inc. Revenue & Financial Results | Market Cap Arena

HLXHelix Energy Solutions Group, Inc.

$1B

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$296M+18.4% YoY

Gross Profit

$20M6.6% margin

Operating Income

-$1M-0.4% margin

Net Income

-$26M-8.9% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

-11.6%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$61M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.1B

Stockholders' Equity

$1.5B

Cash & Equivalents

$324M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$296M	$250M	+18.4%
Gross Profit	$20M	$15M	+28.8%
Operating Income	-$1M	-$8M	+86.4%
Net Income	-$26M	-$5M	-408.9%

Revenue Segments

Renewables

$24M91%

Service, Other

$2M9%