Helix Energy Solutions Group (HLX) Tops Q2 EPS by 4c

Helix Energy Solutions Group (NYSE: HLX) reported Q2 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $232.2 million versus the consensus estimate of $226.12 million.

Owen Kratz, President and Chief Executive Officer of Helix, stated, "With the sale of the Caesar and Express now behind us along with the pending sale of the Ingleside Spoolbase, we have completed our transition to a company focused on well intervention and robotics, two businesses with exciting growth prospects. Financially, we are pleased to have closed the chapter on the high yield notes with its payoff yesterday and our new credit facility provides us with a lower cost of capital."

For earnings history and earnings-related data on Helix Energy Solutions Group (HLX) click here.

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