Helix Reports First Quarter 2021 Results
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Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021 compared to a net loss of $11.9 million, or
$(0.09) per diluted share, for the same period in 2020 and net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020.
Helix reported Adjusted EBITDA of $36.2 million in the first quarter 2021 compared to $19.3 million in the first quarter 2020 and $35.3 million in the fourth quarter 2020. The table below
summarizes our results of operations:
Summary of Results
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Owen Kratz, President and Chief Executive Officer of Helix, stated, "Our first quarter 2021 results reflect consistent financial performance as we benefitted from the recommencement of operations