Key Developments: Helix Energy Solutions Group Inc (HLX)

Helix Energy Solutions Group Inc Announces BP Contract for Q5000
Thursday, 4 Apr 2013 05:30pm EDT 

Helix Energy Solutions Group Inc announced that it has entered into a five year contract with BP to provide well intervention services to BP in the US Gulf of Mexico with Helix's deepwater well intervention semisubmersible vessel, the Q5000, currently being constructed in Singapore. The contract is for a minimum 270 days each year and is expected to commence between April and August 2015 following the delivery of the vessel from the shipyard. The contract also includes a first right of refusal for additional days each year and an option to extend for two successive one year terms.  Full Article

Helix Energy Solutions Group Inc Reaffirms FY 2013 EBITDA Guidance-Conference Call
Tuesday, 5 Mar 2013 04:35pm EST 

Helix Energy Solutions Group Inc announced that in the February fourth-quarter earnings announcement, it had presented initial outlook for fiscal 2013. For fiscal 2013 EBITDA of $300 million equal to or greater than $300 million and an exit run rate of $350 million.  Full Article

Helix Energy Solutions Group Inc Issues FY 2013 EBITDAX Guidance; Issues FY 2013 EBITDA Guidance-Conference Call
Thursday, 21 Feb 2013 03:00pm EST 

Helix Energy Solutions Group Inc announced that it is forecasting total reported EBITDAX of $300 million plus for fiscal 2013. The Company expects pro forma exit rate EBITDA for fiscal 2013 is more like $350 million.  Full Article

Helix Energy Solutions Group Inc Revises FY 2012 Production Guidance; Reaffirms FY 2012 EBITDA Guidance-Conference Call
Tuesday, 4 Dec 2012 12:30pm EST 

Helix Energy Solutions Group Inc announced that the outlook for fiscal 2012, from the original to today, it has lowered production guidance from that 7.5 million barrels equivalent to the current 6.5 million barrels, or 6.6 million barrels equivalent. The Company is holding on EBITDA guidance for fiscal 2012 at greater than $600 million, and that's driven off the backs of strong performance and strong contributions coming from the services businesses.  Full Article

Helix Energy Solutions Group Inc Revises FY 2012 Production Guidance; Reaffirms FY 2012 EBITDA Guidance-Conference Call
Wednesday, 28 Nov 2012 08:30pm EST 

Helix Energy Solutions Group Inc announced that it has reduced production guidance slightly from the 7.5 million barrels equivalent down to the 6.6 million for fiscal 2012. But even with the lower production, it still expects to generate over $600 million of EBITDA for fiscal 2012.  Full Article

Helix Energy Solutions Group Inc Announces Sale Of Pipelay Vessels
Tuesday, 16 Oct 2012 05:20pm EDT 

Helix Energy Solutions Group Inc announced that it has agreed to sell its three pipelay vessels, the Caesar, Express, Intrepid and related equipment in separate transactions for total cash consideration of $252,750,000. On October 15, 2012, Helix entered into an agreement to sell the Caesar, Express and related equipment to Coastal Trade Limited for a total of $238,250,000. The sale of these assets is expected to close in two stages as each vessel completes its existing contractual backlog. The Express closing is expected to occur in February 2013 and the Caesar closing is expected to occur in July 2013. Helix has received a $50 million deposit in connection with this transaction which is only refundable in limited circumstances. The closing of this transaction is subject to customary closing conditions. In a separate transaction, on September 26, 2012 Helix sold its pipelay vessel, Intrepid, to Stabbert Maritime Holdings, LLC for $14,500,000.  Full Article

Helix Energy Solutions Group Inc Reaffirms FY 2012 EBITDA Guidance-Conference Call
Wednesday, 3 Oct 2012 09:50am EDT 

Helix Energy Solutions Group Inc reaffirmed its fiscal 2012 EBITDA guidance and expects to produce in excess of $600 million of EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $650 million for fiscal 2012.  Full Article

Helix Energy Solutions Group Inc Issues FY 2012 Production Guidance; Issues FY 2012 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 5 Sep 2012 11:45am EDT 

Helix Energy Solutions Group Inc announced that for fiscal 2012, it expects 7 million barrels of oil equivalent in production. The Company also expects to generate more than $600 million of EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $649 million for fiscal 2012.  Full Article

Helix Energy Solutions Group Inc Signs Agreement With Sembcorp Marine’s Jurong Shipyard To Build Semisubmersible Well Intervention Vessel
Monday, 12 Mar 2012 05:00pm EDT 

Helix Energy Solutions Group Inc announced that it has signed a contract with Sembcorp Marine’s subsidiary Jurong Shipyard in Singapore for the construction of its newbuild semisubmersible well intervention vessel previously announced by Helix in February.  Full Article

Helix Energy Solutions Group Inc Prices Convertible Senior Notes
Wednesday, 7 Mar 2012 08:30am EST 

Helix Energy Solutions Group Inc announced that it has priced an offering of $200.0 million of 3.25% Convertible Senior Notes due 2032 (the 2032 Notes). Helix expects to use the proceeds from the issuance of the 2032 Notes to repurchase and retire $110.7 million of its existing $300.0 million principal amount of 3.25% Convertible Senior Notes due 2025 in separate, privately negotiated transactions and for other general corporate purposes, including the repayment of other indebtedness. Helix expects to close the offering of the 2032 Notes on or about March 12, 2012, subject to the satisfaction of customary closing conditions. Raymond James & Associates, Inc. is acting as sole book-running manager of this offering. The 2032 Notes are to be issued via an underwritten public offering, resulting in expected net proceeds of approximately $195.0 million, after deducting estimated offering expenses. Interest on the 2032 Notes will be paid semi-annually on March 15, 2012 and September 15, 2012 beginning on September 15, 2012. During certain periods and subject to certain conditions, the notes will be convertible by holders into shares of Helix`s common stock at an initial conversion rate of 39.98 shares of common stock per $1,000 principal amount of notes which is equivalent to an initial conversion price of approximately $25.02 per share of common stock, subject to adjustment.  Full Article

UPDATE 1-Helix to sell oil and gas business for $610 mln