Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

Overview
Date Founded

1983

Headquarters

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

Type of Company

Public

Employees (Worldwide)

1,546

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-QHSE

Vice President-Tax

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Owners & Shareholders
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General American Investors Co. employs fundamental security analysis in managing a portfolio of investments with the primary investment objective of is long-term capital appreciation with lesser emphasis on current income. They focus on identifying and investing in equity securities with growth potential that can be purchased at reasonable valuations. More specifically, Great American seeks investments worldwide in leading public and private companies with significant long-term opportunities, defensible competitive advantages, prudent and profitable business models, and committed first-class management teams with the vision and energy to succeed. They manage a global portfolio of investments that consists primarily of the common stocks of US companies but which also includes international and private securities. Great American invests across a variety of sectors including: finance/insurance, retail trade, oil and natural gas, consumer products/services, computer software/systems, communications/information services, environmental control/services, healthcare/pharmaceuticals, machinery/equipment and semi-conductors.

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Tieton Capital Management manages a Small-Cap Value equity strategy that focuses on buying value companies with market-caps generally less than $2 billion. The firm's investment philosophy and process is based on a fundamentals-based, bottom-up approach. Tieton buys businesses, rather than simply trading stocks. They look for companies with catalysts to drive the company for the next two to four years. Tieton prefers industries in which companies have the ability to differentiate. They target companies with solid competitive positions, quality management teams, prudent debt levels, and the ability to earn sound return on capital. Companies should offer a product or service that adds value and be capable of generating solid cash flow and internally generated revenue growth over time.

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Piermont Capital Management Piermont's investment philosophy is built on the belief that significant alpha generation opportunities in the small-cap segment of the market can be identified through a systematic, risk-controlled and repeatable process. The firm focuses on security selection, limiting undesired tracking error, and positioning the portfolio optimally regardless of the type of market and economic environment. The strategies utilize multi-factor ranking models combined with a thorough qualitative fundamental risk review. Piermont employs sector-specific multi-factor models that each combine 5-9 factors to rank stocks versus their peers at the industry level. In addition, over 40 factors are used across all of the sector models. The models are long-term in nature, with a focus on excess return consistency across various market environments. Piermont's portfolio construction process is designed to maximize the value added through stock selection and minimize benchmark-relative risks that do not add excess return. This risk-controlled, security selection-focused approach is designed to generate excess returns, a higher information ratio, and more consistent returns. A stock ranked within the top 20% of its sector is a purchase candidate. For a stock to be highly ranked, it must stand out versus its industry and sector peers on the factors that are most relevant to predictive stock performance within the sector. Purchase candidates are subject to market capitalization, liquidity and minimum price per share parameters, as well as a qualitative risk review.The Piermont LongShort Fund seeks to invest in a portfolio of long and short stocks to achieve investment returns near the level of long-only U.S. public stock-market indices over a full market cycle, but with reduced return volatility, greater downside protection, and a lower correlation to long-only stock indices.

Recent Transactions
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Helix Energy Solutions Group, Inc. issued USD Common Stock

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

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Talos Energy LLC, Apollo Global Management, Inc., Riverstone Holdings LLC, Talos Production LLC purchase Talos ERT LLC from Helix Energy Solutions Group, Inc.

Transaction Clients

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

Insider Transactions
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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 three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. The firm also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. The company was founded by William Knox D'Arcy in 1908 and is headquartered in London, the United Kingdom.

McDermott International, Inc. engages in the provision of technology, engineering, and construction 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 & gas facilities, downstream oil & gas facilities, 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 designs, engineers and constructs upstream offshore oil & gas facilities, downstream oil & gas facilities, LNG import and export terminals, and atmospheric and refrigerated storage vessels and terminals. The MENA segment designs, engineers and constructs upstream offshore oil & gas facilities and pipelines, downstream oil & gas facilities, hydrocarbon processing facilities, atmospheric and refrigerated storage vessels and terminals, and performs pipe fabrication and manufacturing. The APAC segment designs, engineers and constructs upstream offshore oil & 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 is a 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.

Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas & Power; Biofuel; and Corporate. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Distribution segment refers to the distribution of oil products, ethanol, and vehicle natural gas to wholesalers and through Petrobras Distribuidora SA, its retail network in Brazil. The Gas & Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Biofuel segment involves the production of biodiesel and its co-products, and ethanol-related activities such as equity investments, production, and trading of ethanol, sugar, and the excess electricity generated from sugarcane bagasse. The Corporate segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Key Stats and Financials As of 2018
Market Capitalization
$1.26B
Total Enterprise Value
$955M
Earnings Per Share
$0.19
Revenue
$740M
Net Profit
$28.3M
EBITDA
$170M
EBITDAMargin
22.93%
Total Debt
$440M
Total Equity
$1.62B
Enterprise Value Sales
1.29x
Enterprise Value EBITDAOperating
5.63x
TEVNet Income
33.72x
Debt TEV
0.46x
Three Year Compounded Annual Growth Rate Of Revenue
2.07%
Five Year Compounded Annual Growth Rate Of Revenue
-3.34%
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 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.

RigNet, Inc. Pension Funds & Sovereign Wealth | Houston, TX

RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Services, Applications & Internet-of-Things, Systems Integration and Corporate. The Managed Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS) offerings including BlackTIE and CyphreLink encryption, weather monitoring primarily in the North Sea (MetOcean), real-time data monitoring and machine-to-machine learning, and certain other value-added services such as Adaptive Video Intelligence (AVI). The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

Competitors
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.

Superior Energy Services, Inc. Oil & Gas - Houston, Texas

Superior Energy Services, Inc. engages in the provision of oilfield services and equipment. It operates through the following business segments: Drilling Products & Services, Onshore Completion & Workover Services, Production Services and Technical Solutions. The Drilling Products and Services segment provides downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment offers pressure pumping, fluid management and workover services. The Production Services segment gives intervention services. The Technical Solutions segment involves in the products and services that generally address customer-specific needs with applications, which typically require specialized engineering, manufacturing, or project planning expertise. The company was founded by Terence E. Hall in 1989 and is headquartered in Houston, TX.

DOF ASA Shipping & Delivery - Storebo, HL

DOF was founded in 1981 and is today an international group of companies which owns and operates a modern fleet of offshore-/subsea vessels, and owns engineering capacity to service the subsea market. The main objectives for DOF are to: Engage in long-term, industry-related offshore activities. Further develop our position as a leading supplier of offshore services, with a focus on high quality and cost effective operations. Achieve our objectives by means of a balanced chartering strategy with emphasis on long-term contract coverage, in order to ensure a conservative risk profile and satisfactory cash flow Continue to focus on the environment and initiatives towards technical systems for environmentally-friendly vessel concepts. The DOF group operates within three different segments in relation to strategic types of activities and vessel types. The groups technical diversified fleet consists of innovative vessels specialized for their operational purpose. Platform Supply Vessel (PSV) Anchor Handling Tug Supply Vessel (AHTS) Construction Support Vessel/Subsea ROV Vessel (CSV)

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