Helix Energy returns to quarterly profit

Houston-based offshore services company Helix Energy Solutions managed to return to quarterly profit on the back of higher revenues driven by higher utilization and integrated services in the Gulf of Mexico.

The company on Monday reported net income of $7.9 million for the fourth quarter of 2019 compared to a net loss of $13.7 million for the same period in 2018 and net income of $31.6 million for the third quarter of 2019.

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