Helix Updates 2013 EBITDA Guidance

Helix Energy Solutions Group, Inc. announced that it is upgrading its 2013 EBITDA guidance to approximately $290 – $300 million.

Helix’s current forecast of stronger than expected fourth quarter results for Robotics, along with the Skandi Constructor’s continued performance in well intervention mode, both contribute to this upgrade.

Although the H534 is not expected to commence work until January 2014, strong operating performance of the Company’s existing asset base is expected to more than offset the delay in contributions from the H534. Also, the Company plans to accelerate the timing of the Well Enhancer dry dock to December of this year. This move is expected to reduce the number of days out of service for the Well Enhancer in 2014.

Owen Kratz, Helix’s President and Chief Executive Officer, stated, “The Company currently expects to issue 2014 guidance in line with its previously announced 2013 exit rate of $350 million.”

Press Release, December 13, 2013

 

Share this article

Follow Subsea World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >