Gold prices near 3-week lows as stronger dollar, trade progress weigh
HOUSTON, Texas – Helix Energy Solutions Group, Inc. (NYSE:HLX), a profitable energy services company with a market capitalization of $1 billion and healthy liquidity metrics, announced the results of its Annual Meeting of Shareholders held on May 14, 2025. Shareholders voted on three key proposals and approved all as set forth in the company’s April 2, 2025 Proxy Statement. According to InvestingPro data, the company maintains a strong financial position with a current ratio of 2.28, indicating robust short-term financial health.
The first item on the agenda was the election of director nominees. Shareholders elected T. Mitch Little and John V. Lovoi as Class I directors for a three-year term expiring in 2028. Both directors received a majority of the votes cast.
The second proposal was to ratify the selection of KPMG LLP as Helix Energy’s independent registered public accounting firm for the year 2025. This proposal also passed with a majority of the votes cast.
The third and final proposal was an advisory vote on the approval of the 2024 compensation of the company’s named executive officers. This, too, received affirmative votes from the majority of shareholders.
In addition to the voting matters, Helix Energy reported the completion of a $30 million share repurchase through a written trading plan under Rule 10b5-1 of the Securities and Exchange Act of 1934 during the second quarter of 2025. The share repurchase comes as the stock trades at a significant discount to its Fair Value, according to InvestingPro analysis, with the stock down nearly 28% year-to-date. Details on these share repurchases will be provided in the company’s periodic reports filed with the Securities and Exchange Commission. For deeper insights into Helix Energy’s valuation and financial health, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
This information is based on a recent SEC filing by Helix Energy Solutions Group, Inc.
In other recent news, Helix Energy Solutions Group Inc . reported its Q1 2025 earnings, revealing an unexpected earnings per share (EPS) of $0.02, surpassing the anticipated loss of $0.0081. Despite this EPS beat, the company’s revenue fell short of expectations, reaching $278 million against a forecast of $286.37 million. Helix’s liquidity remains strong, with cash and equivalents at $370 million and a backlog of approximately $1.4 billion. The company is focusing on cost reduction and operational efficiency in response to a challenging macroeconomic environment. Meanwhile, Raymond (NSE:RYMD) James analyst James Rollyson downgraded Helix Energy’s stock rating from Strong Buy to Outperform, citing a significant reduction in anticipated North Sea activity for 2025. This prompted a price target adjustment to $10.00 from the previous $14.00. Helix Energy is still expected to generate robust free cash flow, with plans to allocate a minimum of 25% to share repurchases. The company’s Well Intervention segment continues to perform strongly, and Helix maintains a solid balance sheet, which is forecasted to improve further.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.