Helix Energy posts lower third quarter profit

Offshore energy services company Helix Energy Solutions recorded a lower profit for the third quarter 2017 impacted by operational downtime and idle time for some of its vessels. 

On Sunday, the company reported net income of $2.3 million for the third quarter of 2017 compared to net income of $11.5 million for the same period in 2016 and a net loss of $6.4 million for the second quarter of 2017.

Helix Energy’s revenues for the third quarter 2017 were $163.3 million compared to $161.2 million in the prior-year period.

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