Last $3.40 USD
Change Today +0.03 / 0.89%
Volume 3.7M
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As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

hercules offshore inc (HERO) Snapshot

Open
$3.40
Previous Close
$3.37
Day High
$3.50
Day Low
$3.37
52 Week High
09/9/13 - $7.85
52 Week Low
08/21/14 - $3.10
Market Cap
546.7M
Average Volume 10 Days
3.4M
EPS TTM
$0.45
Shares Outstanding
160.8M
EX-Date
--
P/E TM
7.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for HERCULES OFFSHORE INC (HERO)

hercules offshore inc (HERO) Related Businessweek News

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hercules offshore inc (HERO) Details

Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments. Its services comprise oil and gas exploration and development drilling, well services, platform inspection, maintenance, and decommissioning services in various shallow-water provinces. As of February 19, 2014, the company owned a fleet of 38 jackup rigs; and 19 liftboat vessels, as well as operated 5 liftboat vessels owned by third party. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators. The company was formerly known as Hercules Offshore, LLC and changed its name to Hercules Offshore, Inc. in 2005. Hercules Offshore, Inc. was founded in 2004 and is headquartered in Houston, Texas.

hercules offshore inc (HERO) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $630.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $375.0K
Senior Vice President of Worldwide Drilling O...
Total Annual Compensation: $325.0K
Executive Vice President
Total Annual Compensation: $375.0K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

hercules offshore inc (HERO) Key Developments

Hercules Offshore, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014

Hercules Offshore, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported that revenue was $242,963,000 against $211,456,000 for the same period a year ago. Operating income was $50,049,000 against $33,250,000 for the same period a year ago. Income before income taxes was $19,427,000 against $28,575,000 for the same period a year ago. Income from continuing operations was $6,646,000 or $0.04 per basic and diluted share against $16,574,000 or $0.10 per diluted share for the same period a year ago. Net income attributable to the company was $6,646,000 or $0.04 per basic and diluted share against net loss of $27,361,000 or $0.04 per basic and diluted share for the same period a year ago. Non GAAP operating income was $32,170,000 against $33,268,000 for the same period a year ago. Non GAAP loss from continuing operations was $6,466,000 against non GAAP income from continuing operations of $1,716,000 for the same period a year ago. Non GAAP loss was $0.04 per diluted share against non GAAP earnings of $0.01 per diluted share for the same period a year ago. EBITDA, excluding the rig sale gains, was $76 million for the second quarter of 2014, compared to $98 million in the first quarter. Second quarter EBITDA was negatively impacted by lower utilization levels in domestic and international offshore segment, as well as lower dayrates for International Liftboats, resulting from a shift in asset mix. For the six months, the company reported that revenue was $499,697,000 against $397,651,000 for the same period a year ago. Operating income was $107,721,000 against $51,437,000 for the same period a year ago. Income before income taxes was $39,190,000 against $29,863,000 for the same period a year ago. Income from continuing operations was $26,562,000 or $0.17 per basic and diluted share against $56,872,000 or $0.05 per diluted share for the same period a year ago. Net income attributable to the company was $26,562,000 or $0.16 per basic and diluted share against $7,801,000 or $0.05 per basic and diluted share for the same period a year ago. Non GAAP operating income was $89,842,000 against $51,455,000 for the same period a year ago. Non GAAP income from continuing operations was $28,608,000 against $4,285,000 for the same period a year ago. Non GAAP earnings were $0.18 per diluted share against $0.03 per diluted share for the same period a year ago. Net cash provided by operating activities was $64,970,000 against $91,607,000 for the same period a year ago. Acquisition of assets was $178,136,000, against $40,000,000 for the same period a year ago. Capital Expenditures were $100,448,000 against $80,699,000 for the same period a year ago. For the second half, the company expects effective income tax rate to be in the mid 40% range. The company expects capital expenditures for the remainder of 2014 to be in the low $45 million range. This guidance is approximately $15 million below prior full year 2014 guidance, when excluding the new build payment as defer certain projects, including the special survey on the Hercules 202. Interest expense is expected to remain relatively flat for the remainder of the year. Depreciation and amortization expense is expected to remain in the mid-$40 million range per quarter for the remainder of the year.

Hercules Offshore, Inc. to Report Q2, 2014 Results on Jul 23, 2014

Hercules Offshore, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 23, 2014

Hercules Offshore, Inc., Q2 2014 Earnings Call, Jul 23, 2014

Hercules Offshore, Inc., Q2 2014 Earnings Call, Jul 23, 2014

 

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