Why Helix Energy Solutions Stock Tanked 10% at the Open Today

·2 min read
Why Helix Energy Solutions Stock Tanked 10% at the Open Today

Shares of energy services provider Helix Energy Solutions (NYSE: HLX) fell just over 10% in the first few minutes of trading on July 27. Helix Energy Solutions posted revenue of roughly $162 million in the second quarter of 2021, down from a touch more than $199 million in the same quarter of 2020. In fairness, Helix Energy Solutions managed to increase the amount of cash flow it generated, but it would be hard to call the second-quarter performance good.

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