Helix Back in Black

Helix Energy Solutions has reported net income of $1.3 million, or $0.01 per diluted share, for the first quarter of 2019 compared to a net loss of $2.6 million for the same period in 2018.

Sequentially, results improved from net loss of $13.7 million, or $(0.09) per diluted share.

Helix reported Adjusted EBITDA of $30.2 million for Q1 2019 compared to $27.6 million year-over-year and $23.2 million for the fourth quarter of 2018.

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