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Helix Energy Solutions Continues Uptrend After Strong Q2-2023 Results (NYSE:HLX)

Helix Energy Solutions (NYSE:HLX) reported strong financial performance for Q2-2023 and updated its guidance for the remainder of the year. The company beat revenue expectation by $34.99 million and reported 89.9% revenue growth YoY. The company updated its financialcovered

Amounts in $US Millions

Q2-2023

Q1-2023

Q4-2022

Q3-2022

Q2-2022

Revenues

308.8

250.1

287.8

272.5

162.6

Cost of Revenues

253.5

234.9

256.5

233.3

164.0

Gross Profit

55.3

15.2

31.4

39.2

(1.4)

Operating Expenses

24.0

19.6

22.8

23.6

16.0

Operating Income

31.3

(4.4)

8.6

15.7

(17.4)

Net Income

7.1

(5.2)

2.7

(18.8)

(29.7)

Cash & ST Investments

182.7

166.7

186.6

162.3

260.6

Total Receivables

262.4

218.8

219.1

258.8

192.5

Total Current Assets

512.0

449.4

460.6

476.1

485.4

Total Assets

2,423.8

2,369.3

2,389.3

2,355.5

2,213.7

Accounts Payable

145.9

134.4

135.3

131.9

99.7

Total Current Liabilities

382.7

288.0

298.0

330.5

232.7

Total Liabilities

891.9

853.6

872.6

873.6

681.9

Levered Free Cash Flow

105.7

4.9

16.2

14.5

83.0

Total Debt

447.8

460.1

469.7

478.6

410.4

Net Debt

265.2

293.4

283.1

316.3

149.8

Book Value Per Share

$10.16

$10.01

$9.98

$9.76

$10.10

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