Helix Books Quarterly Loss

Helix Energy Solutions reported a net loss of $13.7 million, or 9 cents per diluted share, for the fourth quarter of 2018 compared to net income of $50.6 million, or 34 cents per diluted share, for the same period in 2017.

Sequentially, Helix booked net income of $27.1 million, or 18 cents per diluted share.

Net income for the year ended December 31, 2018 was $28.6 million, or 19 cents per diluted share, compared to net income of $30.1 million, or 20 cents per diluted share, for the year ended December 31, 2017.

Net income in the fourth quarter of 2017 included a non-cash benefit of approximately $51.6 million, or 35 cents per diluted share, related to the U.S. tax law changes enacted in December 2017.