FINWIRES · TerminalLIVE
FINWIRES

Helix Energy Solutions提高船舶利用率,从而提升收入

-- 海上能源服务公司Helix Energy Solutions (HLX)周四表示,旗下大部分业务板块船舶利用率的提升推动了其第一季度营收同比增长。 油井干预业务板块第一季度船队利用率达到82%,其中巴西的船舶利用率达到100%,墨西哥湾的船舶利用率为91%,北海的船舶利用率为47%。该板块当季营收为2.094亿美元,高于去年同期的1.984亿美元。 该公司表示,Q7000型船舶在巴西完成部署和进坞后,于第一季度实现了满负荷运转。相比之下,该船去年同期仅运营了6天。 Helix Energy今年也重新启动了Seawell项目,该项目原计划于2025年完全停产。 在机器人业务板块,船舶作业活动和遥控潜水器的使用率同比增长,第一季度船舶作业总天数增至381天,增幅达79%,而去年同期为244天,增幅为67%。该板块第一季度营收增至6240万美元,高于去年同期的5100万美元。 综合船舶挖沟作业天数减少(从135天降至122天),部分抵消了船舶作业天数的增加。 该公司还表示,浅水弃井作业板块的船舶利用率从去年同期的31%上升至第一季度的37%。这些数据不包括重型起重作业。该板块第一季度营收同比增长至2120万美元,高于去年同期的1680万美元。 此外,封井系统和连续油管系统的利用率从264天(11%)提高至369天(16%)。 与此同时,该公司表示,由于德罗什基油田的油气产量下降,其生产设施在此期间的收入有所减少。该业务板块第一季度的收入为1870万美元,低于去年同期的1980万美元。 Helix预计德罗什基油田的产量将在全年持续下降,但雷鹰油田在4月份成功完成修井作业后重启生产,将带来一定的提振。 该公司表示,今年剩余时间里,船舶利用率和运价将主要决定其业绩展望,冬季季节性活动将对运营产生影响。

Related Articles

Research

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI
Equities

Petro Rabigh Emerges From Loss in Q1; Revenue Grows

Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, said Sunday it swung back to profit in the first quarter of 2026, while revenue increased year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 1.47 billion Saudi riyals, compared with the attributable loss of 691 million riyals earlier. EPS moved to 0.88 riyal from a loss per share of 0.41 riyal.The Tadawul-listed oil refining and petrochemical company's revenue was 14.85 billion riyals, compared with 11.21 billion riyals a year ago.

$SASE:2380
Research

Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.

$HIG