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$HLX

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Equities

Helix Energy Solutions Group Sells Shallow Water Abandonment Business for $107.5 Million

Helix Energy Solutions Group (HLX) said Monday it sold its Gulf-focused Shallow Water Abandonment business to C-Dive for $107.5 million in cash, subject to adjustments.The company said the deal, signed and closed May 1, follows its agreement with Hornbeck Offshore Services to combine and expand its offshore fleet and capabilities.Helix said the divestiture supports its shift toward deepwater operations, where the combined company aims to provide integrated subsea and marine transportation services across energy, defense and renewables.Shares of Helix Energy were up more than 1% in premarket activity Monday.

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Sectors

Sector Update: Energy Stocks Rise Thursday

Energy stocks rose Thursday with the NYSE Energy Sector Index gaining 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index advanced 1.1%, and the Dow Jones US Utilities Index climbed 2.4%.In sector news, President Donald Trump ordered the US Navy to "shoot and kill" any boat that is laying mines in the Strait of Hormuz, according to his Truth Social post. The US and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting as soon as Friday, the Wall Street Journal reported.West Texas Intermediate crude oil rose 3.6% to $96.32 a barrel, and global benchmark Brent advanced 3.6% to $105.54 a barrel. Henry Hub natural gas futures fell 4.8% to $2.59 per 1 million BTU.US natural gas stocks rose by 103 billion cubic feet in the week ended Friday, a larger gain than the 96 billion increase expected in a survey compiled by Bloomberg and following a revised gain of 60 billion in the previous week.In corporate news, NextEra Energy (NEE) shares jumped 7%. The company reported Q1 adjusted earnings that topped Wall Street estimates.BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 82% of the vote, media outlets reported. BP shares eased 0.1%.Helix Energy Solutions (HLX) and Hornbeck Offshore Services agreed to merge in an all-stock deal to form an integrated offshore services company. Helix shares gained 0.7%.Chevron (CVX) resumed full production at its Wheatstone liquefied natural gas facility in Western Australia after repairs from damage caused by a cyclone last month, Reuters reported. Chevron shares rose 0.7%.

$BP$CVX$HLX$NEE
Sectors

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was climbing 1.5%, and the Dow Jones US Utilities Index was rising 2.3%.In sector news, President Donald Trump has ordered the US Navy to "shoot and kill" any boat that is laying mines in Hormuz, according to his Truth Social post on Thursday. On the same day, Iran flaunted its tightened grip over Hormuz with a video of commandos storming a cargo ship named MSC Francesca, Reuters reported. The US and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting between warring parties as soon as Friday, The Wall Street Journal reported.Front-month West Texas Intermediate crude oil was rising 5.3% to $97.92 a barrel, and the global benchmark Brent crude contract was advancing 4.1% to $106.04 a barrel. Henry Hub natural gas futures fell 5% to $2.59 per 1 million BTU.US natural gas stocks rose by 103 billion cubic feet in the week ended April 17, a larger gain than the 96 billion increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following a revised increase of 60 billion cubic feet in the previous week.In corporate news, PG&E (PCG) reported Q1 adjusted earnings Thursday of $0.43 per share, up from $0.33 a year earlier. Analysts surveyed by FactSet expected $0.40. Its shares were 0.2% higher.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Helix Energy Solutions shares rose 0.6%.BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 81.8% of the vote, media outlets reported Thursday. BP shares were down 0.3%.

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Sectors

Sector Update: Energy Stocks Edge Higher Premarket Thursday

Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.The United States Oil Fund (USO) was up 1.1% and The United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $93.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to reach $102.06 per barrel, and natural gas futures were down 1.8% at $2.67 per 1 million British Thermal Units.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Shares of Helix Energy Solutions Group were up more than 5% pre-bell.Sasol (SSL) said it now expects fiscal 2026 fuel sales volume growth of 10% to 15% year-over-year, up from previous guidance of 5% to 10%. Sasol shares were down more than 2% premarket.Apollo Global Management (APO) said Thursday it has agreed to acquire a 40% stake in Pembina Gas Infrastructure from KKR (KKR). Pembina Pipeline (PBA) shares were nearly 2% higher pre-bell.

$APO$HLX$KKR$PBA$SSL$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Amid Stalled US-Iran Talks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% lower in Thursday's premarket activity as talks between the US and Iran stalled amid a continued blockage of the Strait of Hormuz.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures retreating 0.4% before the start of regular trading.US initial jobless claims totaled 214,000, compared with expectations of 210,000 and a prior reading of 208,000.The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.20 in March from 0.03 in February, compared with expectations for a smaller decrease to minus 0.13 in survey of analysts compiled by Bloomberg as of 7:35 am ET.S&P Global flash estimates of manufacturing and services conditions for April will be released at 9:45 am ET, followed by weekly natural gas stocks at 10:30 am ET.The Kansas City Fed's manufacturing reading for April will be released at 11 am ET.In premarket activity, bitcoin was down by 1.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.7% lower, Ether ETF (EETH) retreated by 3.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:EnergyThe iShares US Energy ETF (IYE) gained 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.4%.Helix Energy Solutions (HLX) stock was up more than 8% before the opening bell after the company agreed to merge with Hornbeck Offshore Services in an all-stock deal to form an integrated offshore services company.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was down 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) declined by 1.2%.Sanofi (SNY) stock was up more than 3% premarket after the company reported higher Q1 adjusted earnings and sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% lower.KB Financial Group (KB) shares were up more than 2% pre-bell after the company reported higher Q1 earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.04%, while the Vanguard Industrials Index Fund (VIS) gained 0.7% and the iShares US Industrials ETF (IYJ) was down 0.4%.Union Pacific (UNP) stock was up more than 2% before the opening bell after the company reported Q1 earnings and operating revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.3%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Tesla (TSLA) shares were down more than 2% pre-bell after the company overnight reported Q1 results, with investors focused on its outsized capital expenditure outlook.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.4%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was down 0.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 0.04% higher, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.Intel (INTC) shares were up more than 1% in Thursday's premarket activity after Tesla (TSLA) Chief Executive Elon Musk said he intends to use Intel's upcoming 14A process to make chips at its Terafab advanced artificial intelligence project in Austin, Texas.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.2% to $93.17 per barrel on the New York Mercantile Exchange. Natural gas gained by 0.1% to reach $2.73 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.1%, while the United States Natural Gas Fund (UNG) was 0.4% lower.Gold futures for May were down by 0.4% at $4,734.40 an ounce on the Comex. Silver futures retreated by 3.1% to $76.11 an ounce. SPDR Gold Shares (GLD) was 0.3% lower, and the iShares Silver Trust (SLV) fell by 1.8%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$HLX$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KB$PMR$QQQ$RTH$SLV$SNY$SOXX$SPY$TSLA$UNG$UNP$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Energy

Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was up 0.9% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 1% higher at $93.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.9% to $102.87 per barrel, and natural gas futures were down 1.4% at $2.68 per 1 million British Thermal Units.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Shares of Helix were up more than 5% pre-bell.

$HLX
Commodities

Helix Energy Solutions Higher Vessel Utilization Boosts Revenue

Offshore energy services company Helix Energy Solutions (HLX) said Thursday that improved vessel utilization across most segments contributed to a year-over-year increase in its Q1 revenue.The well intervention segment recorded an 82% fleet utilization in Q1, with vessels in Brazil operating at 100%, those in the Gulf of Mexico at 91%, and those in the North Sea at 47%. The segment posted $209.4 million in revenue during the quarter, compared with $198.4 million a year ago.The Q7000 vessel was fully utilized in Q1, following its mobilization and docking in Brazil, the company said. This compares with just six days of operation in the same quarter of the previous year.Helix Energy also reactivated Seawell this year, after being fully idle in 2025.In the robotics segment, vessel activities and utilization of remotely operated vehicles rose year over year, with total vessel days increasing to 381, or 79%, in Q1, from 244, or 67%, in the prior year. The segment saw revenue increased to $62.4 million in Q1 from $51.0 million a year earlier.Lower integrated vessel trenching, which decreased to 122 days from 135 days, partially offset the higher vessel days.The company also said that vessel utilization in the shallow water abandonment segment climbed to 37% in Q1 from the year-ago level of 31%. The figures exclude heavy lift operation. The segment's Q1 revenue increased year over year to $21.2 million from $16.8 million.Additionally, utilization of plug and abandonment systems and coiled tubing systems improved to 369 days, or 16%, from 264 days, or 11%.Meanwhile, the company said its production facilities generated lower revenue during the period due to weaker oil and gas production from the Droshky field. The segment's Q1 revenue stood at $18.7 million, down from the prior year's $19.8 million.Helix expects Droshky output to continue declining throughout the year, although the restart of production at Thunder Hawk field following a successful workover in April will provide an upside.For the rest of the year, the company said vessel utilization and rates will primarily underpin its outlook, with winter seasonal activity to impact operations.

$HLX