Helix Energy narrows quarterly loss

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Houston-based oil and gas services provider Helix Energy Solutions narrowed its net loss as its revenues grew during the first quarter of the year. 

The company on Monday reported a net loss of $2.6 million for the first quarter of 2018 compared to a net loss of $16.4 million for the same period in 2017 and net income of $50.6 million for the fourth quarter of 2017.

Net income in the fourth quarter of 2017 included a non-cash benefit of approximately $51.6 million related to the U.S. tax law changes enacted in December 2017.

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