Helix Energy Solutions Group, Inc. Common Stock (HLX)

Helix has secured a new multi-year agreement with Shell Offshore, starting in 2025, to continue delivering well intervention services in the U.S. Gulf of Mexico.

Oil futures spiked as WTI rose 3% to over $77/barrel, driven by geopolitical tensions in the Middle East and supply disruptions in Libya.

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HLX stock results show that Helix Energy Solns Gr missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.

Shares of Helix Energy Solutions Group, Inc. (NYSE: HLX) fell sharply during Tuesday’s session following weak earnings.

Oil prices are up on geopolitical concerns, but are well below Q3 highs.

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