Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it is upgrading its 2013 EBITDA guidance to approximately $290 – $300 million. Our current forecast of stronger than expected fourth quarter results for Robotics, along with the
continued performance in well intervention mode, both contribute to this upgrade.
is not expected to commence work until January 2014, strong operating performance of the Company’s existing asset base is expected to more than offset the delay in contributions from the
. Also, the Company plans to accelerate the timing of the
dry dock to December of this year. This move is expected to reduce the number of days out of service for the
Owen Kratz, Helix’s President and Chief Executive Officer, stated, “The Company currently expects to issue 2014 guidance in line with its previously announced 2013 exit rate of $350 million.”
Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides key life of field services to the energy market. For more information about Helix, please visit our website at
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. We assume no obligation and do not intend to update these forward-looking statements except as required by the securities laws.
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