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Helix Energy Solutions (HELX)
For a while, Helix Energy Solutions may have wondered if the Gulf Coast would ever see blue skies again. The Houston marine contractor, formerly Cal Dive International, spent $7 million repairing and inspecting its offshore oil and gas properties damaged by hurricanes Katrina and Rita. By the end of 2005, however, those losses had been offset by earnings from its diverse contracting fleet, including 13 vessels acquired from Torch Offshore and Stolt Offshore. In total, Helix brought in $799 million in revenues, a 47% increase from the prior year. And as energy prices rose, the company's oil and gas production facilities regained pre-storm capacity levels, contributing to an average annual profit growth of 132% during the trailing three-year period. Helix expects its pending purchase of Remington Oil & Gas Corporation for $1.4 billion to help buffer against any nasty weather looming on the horizon.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 3,043.5 |
| Sales* ($ Millions) | 931.5 |
| Sales Growth (3-yr. avg. annual) |
38.1 % |
| Profits* ($ Millions) | 182.8 |
| Profit Growth (3-yr. avg. annual) | 132.4 % |
| Return on Inv. Capital (3-yr.) | 8.9 % |
| Share Price 12-Mo. Hi/Lo | 46/21 |
| Share Price As of 4/28/06 | 39 |
| Return on Equity | 25.5 % |
| P/E Ratio | 18 |
| No. of Employees | 1,800 |
| Industry | Oil & Gas Equipment & Services |
| CURRENT MARKET INFO | HELX > |
| COMPANY WEB SITE > | |
| Location | Houston |
| Phone | 281 618-0400 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Helix Energy Solutions Group operates as an energy services company. The company provides alternative solutions for marginal field development, alternative development plans, field life extension, and abandonment to the oil and gas industry worldwide. Its service lines include diving services; shelf and deepwater construction; robotics; well operations; well engineering and subsurface consulting services; platform ownership; and oil and gas production. The company, with its fleet of 33 vessels and 29 remotely operated vehicles and trencher systems, performs various services that support drilling, well completion, intervention, construction, and decommissioning projects involving pipelines, production platforms, risers, and subsea production systems. It also acquires and operates mature and noncore offshore oil and gas properties, as well as related production facilities; offers survey, engineering, repair, maintenance, and international cable burial services; and performs traditional subsea services, including air and saturation diving, salvage work, and shallow water pipelay. Helix's customers include major and independent oil and gas producers and suppliers; pipeline transmission companies; and offshore engineering and construction firms. As of Dec. 31, 2005, it had estimated proved reserves of 136,073 MMcf of natural gas and 14,873 MBbls of oil and condensate. Helix also owned interests in 354 gross oil wells and 302 gross natural gas wells located in federal and state offshore waters in the Gulf of Mexico, as of the above date. The company was founded in 1990. It was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group in 2006. The company is headquartered in Houston.
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