New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 13, 2012
13:58 EDTHLXHelix Energy announces sale of oil and gas subsidiary for base price $610M
Helix Energy Solutions Group has entered into a definitive agreement to sell Energy Resource Technology GOM, the company's oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. The selling price involves a base purchase price of $610M plus contingent consideration in the form of overriding royalty interests on ERT's Wang exploration prospect as well as certain other exploration prospects. In addition, the parties have agreed to adjust the purchase price at closing, upward or downward, depending upon the results of the Wang exploration well. The estimated value of the transaction is approximately $700M if the Wang exploration prospect is successful and meets expectations. If the Wang exploration prospect is determined to be unsuccessful, the estimated value of the transaction to Helix is closer to $600M.
News For HLX From The Last 14 Days
Check below for free stories on HLX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 22, 2014
10:15 EDTHLXHelix Energy sees FY14 EPS $1.60-$1.70, consensus $1.59
Sees FY14 revenue $1.04B, consensus $1.02B. Sees FY14 EBITDA equal to or greater than $350M and CapEx about $400M. Total backlog as of March 31 was approximately $2.9B, of which approximately $2.7B is associated with the Contracting Services businesses. Sees 2014 utilization to remain strong for the well intervention fleet. Guidance and comments from slides for Q1 earnings presentation.
April 21, 2014
17:47 EDTHLXHelix Energy reports Q1 EPS 51c with items, consensus 33c
Reports Q1 revenue $253.57M, consensus $227.65M. First quarter results include a $10.5M gain on the sale of the former spoolbase facilities located in Ingleside, Texas, and a $7.2M insurance reimbursement settlement related to the former oil and gas business. These items contributed 11c of after-tax earnings per diluted share in the first quarter.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use