Helix Books Quarterly Loss

Helix Energy Solutions reported a net loss of $13.7 million, or 9 cents per diluted share, for the fourth quarter of 2018 compared to net income of $50.6 million, or 34 cents per diluted share, for the same period in 2017.

Sequentially, Helix booked net income of $27.1 million, or 18 cents per diluted share.

Net income for the year ended December 31, 2018 was $28.6 million, or 19 cents per diluted share, compared to net income of $30.1 million, or 20 cents per diluted share, for the year ended December 31, 2017.

Net income in the fourth quarter of 2017 included a non-cash benefit of approximately $51.6 million, or 35 cents per diluted share, related to the U.S. tax law changes enacted in December 2017.

Share this article

Follow Subsea World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 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 1 2 3 4 5 6

Offshore Energy Exhibition & Conference 2019

Offshore Energy thematic sessions addressed the full life-cycle in the oil and gas and energy industry, starting with Exploration…

read more >

EXPLORATION AND PRODUCTION OFFSHORE CONGRESS HUB 2019

During the last few years Oil&Gas sector had a difficult time surviving in brutal low-price environment…

read more >

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >