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Helix Energy Slips To Loss In Q4

Helix Energy Solutions Group Inc. (HLX) reported a net loss of $13.7 million, or $0.09 per share, for the fourth quarter of 2018 compared to net income of $50.6 million, or $0.34 per share for the same period in 2017.

Net income in the fourth quarter of 2017 included a non-cash benefit of about $51.6 million or $0.35 per share, related to the U.S. tax law changes enacted in December 2017.

Net revenues declined to $158.36 million from $163.27 million last year.

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