Helix Energy Solutions Group Inc.'s operating expenses did not surge in Q4 2024. In fact, the company's financial performance in Q4 2024 was marked by a net income of $20.1 million, or $0.13 per diluted share1, which indicates a strong financial performance rather than a surge in operating expenses.
However, it is important to note that Helix's financial performance was impacted by several factors, including a seasonal slowdown in the North Sea and the Gulf of America shelf, as well as the planned regulatory dockings of several chartered vessels in their Robotics fleet and the completion of the docking and mobilization of the Q7000 for the Shell project in Brazil1. Despite these challenges, Helix delivered strong results with higher rates in their Well Intervention segment in Brazil.
5/9/2025 07:35am
