Helix Energy sees profit spike in third quarter

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Houston-based offshore energy services company Helix Energy Solutions saw an improvement in its profit and revenues in the third quarter 2018 both sequentially and year-over-year.

In its 3Q 2018 report, Helix Energy on Monday reported a net income of $27.1 million for the third quarter of 2018 compared to net income of $2.3 million for the same period in 2017 and net income of $17.8 million for the second quarter of 2018.

Helix Energy’s revenues for the third quarter 2018 totaled $212.6 million compared to $163.3 million a year earlier and $204.6 million in the second quarter of this year.

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