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Hornbeck Offshore Services, Inc. Presents at Citi's Global Energy and Utilities Conference, May-14-2013 02:50 PM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States. Speakers: James O. Harp, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Todd M. Hornbeck, Co-Founder, Chairman, Chief Executive Officer and President.

Hornbeck Offshore Services, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $147,516,000 against $119,973,000 a year ago. Operating income was $47,406,000 against $28,647,000 a year ago. Income before income taxes was $9,835,000 against $10,180,000 a year ago. Net income was $6,159,000 or $0.17 per basic and diluted share against $6,307,000 or $0.18 per basic and diluted share a year ago. Cash provided by operating activities was $40,237,000 against $26,460,000 a year ago. EBITDA was $45,846,000 against $44,558,000 a year ago. Adjusted EBITDA was $74,064,000 against $52,554,000 a year ago. The company expects that its maintenance capital expenditures for its company-wide fleet of vessels will be approximately $61.6 million and $52.6 million, respectively, for the full-years 2013 and 2014, respectively. The company is projecting annual GAAP tax rate to be roughly 37% for the full-year 2013 and 2014. The company's active Upstream Fleet for fiscal years 2013 and 2014 is expected to be comprised of an average of 51.1 and 62.0 new generation OSVs, respectively. These active new generation OSVs are comprised of an average of 24.1 term vessels that are currently chartered on long-term contracts and an average of 27.0 spot vessels that are currently operating or being offered for service under short-term charters. As of May 1, 2013, the company also has one remaining stacked 220 class DP-1 new generation OSV, which is expected to be reactivated during the second quarter of 2013. The company expects to operate a total of four MPSVs in each of the fiscal years 2013 and 2014. The company's active Downstream fleet for fiscal years 2013 and 2014 is expected to consist of nine double-hulled tank barges and nine-ocean going tugs.

Hornbeck Offshore Services, Inc., Q1 2013 Earnings Call, May 02, 2013

Hornbeck Offshore Services, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 01, 2013

Hornbeck Offshore Services, Inc. announced that the previously announced cash tender offer for any and all of its $250,000,000 in aggregate principal amount of 8.000% Senior Notes due 2017, expired as scheduled at 11:59 p.m. Eastern time on April 10. Including the tendered 8.000% Notes that the Company had announced receiving on March 27, the Company accepted and made payment for $234,656,000 in aggregate principal amount of 8.000% Notes validly tendered pursuant to the Offer. The company also announced that, on May 13, it will redeem the entire balance of $15,344,000 in aggregate principal amount of 8.000% Notes that remain outstanding at a redemption price to be calculated in accordance with the indenture governing the 8.000% Notes and as set forth in the Notice of Redemption. The company delivered copies of the Notice of Redemption to The Depository Trust Company, as record holder for the 8.000% Notes, on April 11. The redemption will be funded with proceeds from the Company's recent issuance of $450,000,000 in aggregate principal amount of 5.000% Senior Notes due 2021.