Comparing the current results to its competitors, Helix Energy Solutions Group Inc reported Revenue increase in the 2 quarter 2026 by 0.68 % year on year. The revenue growth was below Helix Energy Solutions Group Inc 's competitors' average revenue growth of 5.82 %, achieved in the same quarter.
Helix Energy Solutions Group inc achieved net profit of $22.72 millions compared to a net loss of $-2.60 millions recorded in the same quarter a year ago.
Helix Energy Solutions Group Inc 's Comment on Competition and Industry Peers
The oilfield services and renewables services markets are characterized by significant competition, with key factors including pricing, availability of specialized vessels and equipment, skilled personnel, and operational safety. In the well intervention sector, principal competitors include AKOFS Offshore, Baker Hughes, C-Innovation, Expro, Oceaneering, TechnipFMC, Trendsetter, and Well-Safe Solutions. The robotics segment features competitors such as Asso Divers, Atlantic Marine, Briggs Marine, C-Innovation, DeepOcean, DOF Subsea, Fugro, James Fisher, Oceaneering, and UTROV. In shallow water abandonment services, competitors include Aries Marine, C-Dive, Cardinal Services, Chet Morrison, Crescent Energy Services, Laredo Offshore Services, Manson Gulf, Offshore Liftboats, Offshore Marine Contractors, Seacor, Shore Offshore, Supreme Energy, Turnkey Offshore Project Services, and White Fleet. These competitors vary in their financial capacity, personnel, technological capabilities, and other resources. Additional competitors identified in filings include Apache, Petrobras, Shell, and Talos.
With modest revenue growth of 0.68 % within Overall company, Helix Energy Solutions Group inc failed to increase sales with the same pace, like most of company's peers within this division. << More on HLX Market Share.
*Market share is calculated based on total revenue.
News about Helix Energy Solutions Group inc Contracts
August 5, 2024
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced the amendment of its existing asset-based revolving credit facility (ABL Facility) on August 2, 2024, a decision that underscores the company s commitment to bolstering its financial position amid fluctuating market conditions.The amendment extends the term of the ABL Facility from the previously established expiration date of September 30, 2026, to a new maturity date of August 2, 2029. This extension is contingent upon the maturities of earlier senior debt obligations, allowing Helix to secure financing for a longer period. The move is expected to provide the company with increased stability and liquidity as it navigates the complexities of the energ...
February 26, 2024
Helix Energy Solutions Group, Inc. has recently been awarded a significant deepwater well intervention contract by Esso Exploration and Production Nigeria (Deepwater) Ltd. This contract, set to commence in September 2024, highlights the continuous growth and importance of the oil and gas industry in the Nigerian offshore region. The project will be carried out in the Erha and Usan fields, situated approximately 97km offshore Nigeria, and is expected to extend into 2025.Contract Details:The contract secured by Helix Energy encompasses well intervention activities, specifically addressing the challenges associated with the deepwater assets at Erha and Usan fields. With water depths ranging from 700m to 1,500m,...
February 6, 2024
In recent energy sector news, Helix Energy Solutions Group, Inc. (NYSE: HLX) announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda. This noteworthy development marks the strength of a longstanding relationship between the two major energy industry entities and illuminates the responses and alignments within the offshore sector amid market fluctuations and shifts in energy dynamics. Helix Energy Solutions Group, a prominent Houston-based offshore energy firm, is delighted to inform stakeholders about this contractual extension, a significant business milestone that underscores its capacity to sustain long-term client relationships amidst a volatile market scenario. Buildin...
November 15, 2023
Helix Energy Solutions Group Announces Proposed Offering of New Senior Notes Houston-based energy company, Helix Energy Solutions Group, Inc., has revealed its plans to offer $300 million in Senior Notes due in 2029, subject to market and other conditions. The funds raised from the offering, along with cash reserves and shares of its common stock, will be utilized to extinguish the company s obligations pertaining to its outstanding 6.75% Convertible Senior Notes due in 2026. Helix is gearing up to strengthen its financial position and streamline its debt structure through this strategic move. Comparatively, Helix Energy Solutions Group Inc reported a stagnant revenue in the third quarter of 2023, ex...
Publicly Traded Peers of Helix Energy Solutions Group inc
Ncs Multistage Holdings Inc Share Performance
+34.55%
This Year
Ncs Multistage Holdings Inc
Profile
Ncs Multistage Holdings Inc operates as a technology and services provider for the oil and natural gas industry. Their business model revolves around delivering innovative solutions and expertise in well completions and production optimization to optimize oil and gas recovery rates for their clients.
Nov Inc operates as a software development company, offering innovative solutions to enhance business operations. Their business model focuses on selling software products and services, generating revenue through sales, licensing, and subscription fees.
Oceaneering International Inc operates as a global provider of engineered services and products, primarily serving the offshore oil and gas industry. Their business model includes offering a comprehensive range of services such as remotely operated vehicles, drilling support, subsea hardware, and asset integrity solutions.
Propetro Holding Corp is an oilfield services company that specializes in providing hydraulic fracturing, or fracking, services to oil and gas exploration and production companies. Their business model revolves around offering a comprehensive range of fracking services, including well stimulation, consulting, and equipment maintenance, to help clients optimize oil and gas production. Propetro focuses on maintaining efficient operations, leveraging technology, and employing highly qualified personnel to deliver innovative solutions to their customers in the energy industry.
Ranger Energy Services Inc is a company that provides well service rigs, wireline units, and other oilfield services to the oil and gas industry. They offer their equipment and expertise on a contract basis, helping their clients with various drilling and production operations. By offering a range of services and equipment, they aim to assist clients in optimizing their operations and increasing efficiency in the oilfield sector.
Sources:
Helix Energy Solutions Group inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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