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Helix Energy drops as losses widen, well intervention sales slide 20%

Apr. 26, 2022 11:37 AM ETHelix Energy Solutions Group, Inc. (HLX) StockBy: Carl Surran, SA News Editor

AHTS vessel Island Valiant doing rig move operation for semi submersible rig Borgsten Dolphin next to Dunbar platform.

arild lilleboe/iStock via Getty Images

Helix Energy Solutions (NYSE:HLX) plunges as much as 13% on Tuesday after reporting a wider than expected Q1 loss and an 8% Y/Y decline in revenues to $150M, including a 20% drop in well intervention sales.

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