Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

Overview
Date Founded

2006

Headquarters

3505 West Sam Houston Parkway North, Suite 400, Houston, TX, 77043, USA

Type of Company

Public

Employees (Worldwide)

1,536

Industries

Oil & Gas

Company Description

Helix Energy Solutions Group, Inc. is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. The company operates through three segments: Well Intervention, Robotics and Production Facilities. The Well Intervention segment offers vessels and related equipment that are used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. The Robotics segment involves four chartered vessels and also includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services. The Production Facilities segment includes its investment in the Helix Producer I and Kommandor LLC. Helix Energy Solutions Group was founded in 1979 and is headquartered in Houston, TX.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Senior Vice President, General Counsel & Corporate Secretary

Deputy General Counsel & Assistant Secretary

Chief Technology Officer & Vice President

Robotics Business Unit

Director, Finance & Investor Relations

Vice President-Commercial

Vice President-Tax

Board of Directors

Founder at Transier Advisors LLC

Chairman & Chief Executive Officer at Team, Inc.

Founder at JVL Advisors LLC

Former President & Chief Executive Officer of Todco at Transocean Ltd.

President & Chief Executive Officer at Helix Energy Solutions Group, Inc.

Chairman, President & Chief Executive Officer at Warren Resources, Inc.

President & Director at Greenridge Advisors LLC

Paths to Helix Energy Solutions Group, Inc.
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Helix Energy Solutions Group, Inc.
Owners & Shareholders
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SIR Capital Management manages privately-offered hedge funds that focus on investments in energy and related industries. The firm's Hedged Equity Funds aim to achieve superior absolute returns that are not correlated with or dependent upon changes in commodity prices, the S&P 500 Index, energy equity indices or any other equity market index. The core investments usually have a 3 to 6 month expected time horizon. Their Energy Opportunities Funds seeks to achieve long-term capital appreciation and superior risk adjusted returns. The core investments will generally be directionally biased and have a 6- to 36-month expected time horizon. Both funds employ a fundamental bottom-up approach in their investment decision-making process and may invest in a wide variety of market capitalizations of companies involved in exploration and production, refining and marketing, oil field services, drilling, shipping, coal, chemicals, steel, engineering and construction, alternative energy and natural gas processing, transportation and distribution, as well as regulated utilities. They may also invest in MLPs, royalty trusts, ETFs, listed and over-the-counter derivatives, private placements and other securities.

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Alden Global Capital specializes in alternative investments that seek to implement opportunistic, event-driven and deep value investment strategies. The firm focus on a global universe of both announced and anticipated hard or soft catalyst event-driven opportunities, including strategic, operational, financial, legal, regulatory, technical and other corporate catalysts, that the firm believes have the potential to significantly alter value and/or market perception. In addition, Alden Global Capital focus on a global universe of deep value investment opportunities, including constructive and active value investing that they believes have cheap valuations and the ability to get revalued by the market.

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Pacific Global Investment Management is a value investor that utilizes a focused portfolio strategy and a long-term investment horizon to design portfolios for a broad range of investment objectives. They seek to invest in high quality, undervalued stocks. As part of their research methodology, they assess each company's intrinsic value by evaluating their business model and management and ascertaining its risks. Pacific Global's margin of safety arises from in-depth fundamental analysis and their ability to identify companies with favorable long-term growth prospects. Portfolios typically hold 30 to 50 stocks that are selected based on the firm's assessment of the most attractive opportunities. Their concentrated approach seeks to outperform broad index strategies over time. Pacific Global provides investment management services across the range of equity capitalizations and through various fixed-income instruments. They have particular expertise in small-cap stocks.

Recent Transactions
Details Hidden

Helix Energy Solutions Group, Inc. issued USD Common Stock

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Genesis Energy LP purchases Deepwater Gateway LLC from Helix Energy Solutions Group, Inc.

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Helix Energy Solutions Group, Inc. purchases Kommandor LLC from Kommandor Rømø A/S

Transaction Clients

Advised on Cal Dive International, Inc. issued USD Common Stock

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onHelix Energy Solutions Group, Inc. purchases Subsea Well Operations of Technip Coflexip from Technip SA

Investment Advisor

Advised onHelix Energy Solutions Group, Inc. purchases Remington Oil & Gas Corp.

Underwriter

Advised onHelix Energy Solutions Group, Inc. issued USD Common Stock

Legal Advisor

Advised onHelix Energy Solutions Group, Inc. purchases Remington Oil & Gas Corp.

Associate

Advised onHelix Energy Solutions Group, Inc. issued USD Common Stock

Associate

Advised onHelix Energy Solutions Group, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Director & Senior Vice President at Oyster Creek CoGen, Inc.

Clients

BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing and marketing and trade of natural gas, including liquefied natural gas and power and natural gas liquids. The Downstream segment refines, manufactures, markets, transports, supplies, and trades crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. The Rosneft segment engages in investment activities. The company was founded by William Knox D'Arcy on April 14, 1909 and is headquartered in London, the United Kingdom.

Talos Energy, Inc. operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A. Parker, Stephen E. Heitzman and Timothy S. Duncan in 2012 and is headquartered in Houston, TX.

McDermott International, Inc. engages in the provision of technology, engineering, construction, and installation solutions to the energy industry. It operates through the following segments: North, Central, and South America (NCSA); Europe, Africa, Russia and Caspian (EARC); the Middle East and North Africa (MENA); Asia Pacific (APAC); and Technology. The NCSA segment designs, engineers, and constructs upstream offshore oil and gas facilities, downstream oil and gas facilities and pipelines, gas-fired power plants, LNG import and export terminals, atmospheric and refrigerated storage vessels and terminals, water storage and treatment facilities and pipe and module fabrication. The EARC segment focuses in the upstream offshore oil and gas facilities, downstream oil and gas facilities, LNG import and export terminals, and atmospheric and refrigerated storage vessels and terminals. The MENA segment comprises upstream offshore oil and gas facilities and pipelines, downstream oil and gas facilities, hydrocarbon processing facilities, atmospheric and refrigerated storage vessels and terminals, and performs pipe fabrication and manufacturing. The APAC segment involves in the upstream offshore oil and gas facilities and pipelines, refining and petrochemical facilities, hydrocarbon processing facilities, LNG import and export terminals and atmospheric and refrigerated storage vessels and terminals. The Technology segment consists technology licensor of proprietary gas processing, refining, petrochemical and coal gasification technologies as well as a supplier of proprietary catalysts, equipment and related engineering services. The company was founded in 1923 and is headquartered in Houston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$773M
Total Enterprise Value
$844M
Earnings Per Share
$0.13
Revenue
$734M
Net Profit
$19.6M
EBITDA
$153M
EBITDAMargin
20.86%
Total Debt
$502M
Total Equity
$1.74B
Enterprise Value / Sales
1.15x
Enterprise Value EBITDAOperating
4.52x
TEVNet Income
43x
Debt TEV
0.59x
Three Year Compounded Annual Growth Rate Of Revenue
8.06%
Suppliers
Hornbeck Offshore Services, Inc. (Louisiana) Marine Shipping | Covington, LA

Hornbeck Offshore Services, Inc. (Louisiana) engages in the provision of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. It owns and operates fleets of offshore support vehicles and multi-purpose support vehicles. The company was founded by Todd M. Hornbeck and Larry D. Hornbeck in June 1997 and is headquartered in Covington, LA.

Cal Dive International, Inc. Power & Utilities | Houston, TX

Cal Dive International, Inc. provides manned diving, pipelay and pipe burial, platform installation and salvage services. It offers diving-support services such as construction, inspection, maintenance, repair, and decommissioning of offshore production and pipeline infrastructure on the Gulf of Mexico Outer Continental Shelf as well as in international offshore markets. The company was founded by Lad Handelman in 1975 and is headquartered in Houston, TX.

Siem Offshore AS Marine Shipping | Kristiansand, Norway

Siem Offshore AS engages in the ownership and operation of support vessels for the oil and gas industry. It operates through the following segments: Platform Supply Vessels; Offshore Subsea Construction Vessel; Anchor-Handling Tug Supply Vessels; Brazilian Vessels; Fast Supply Vessels and Oil Spill Recovery Vessels; Combat Management Systems; Cable Installation; and Scientific Core-Drilling and Other. The company was founded on January 10, 2002 and is headquartered in Kristiansand, Norway.

Competitors
Baker Hughes Co. Oil & Gas - Houston, Texas

Baker Hughes Co. is a holding company. The firm engages in the provision of oilfield products, services, and digital solutions. It operates through the following segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded in April, 1987 and is headquartered in Houston, TX.

Oceaneering International, Inc. Oil & Gas - Houston, TX

Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries. Oceaneering’s business offerings include remotely operated vehicles, built-to-order specialty subsea hardware, engineering and project management, subsea intervention and installation services, asset integrity management, non-destructive testing and inspections, and manned diving.

TechnipFMC PLC Oil & Gas - London, United Kingdom

TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea and Surface Technologies. The Subsea segment engages in designing, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. The Surface Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.

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