Last $40.27 USD
Change Today +0.54 / 1.36%
Volume 244.2K
HOS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

hornbeck offshore services (HOS) Snapshot

Open
$39.81
Previous Close
$39.73
Day High
$40.53
Day Low
$39.56
52 Week High
10/18/13 - $59.93
52 Week Low
04/11/14 - $37.84
Market Cap
1.5B
Average Volume 10 Days
383.6K
EPS TTM
$2.34
Shares Outstanding
36.1M
EX-Date
--
P/E TM
17.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for HORNBECK OFFSHORE SERVICES (HOS)

hornbeck offshore services (HOS) Related Businessweek News

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hornbeck offshore services (HOS) Details

Hornbeck Offshore Services, Inc., through its subsidiaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) primarily in the U.S. Gulf of Mexico and Latin America. The company owns and operates a fleet of U.S.-flagged OSVs and MPSVs that support the deep-well, deepwater, and ultra-deepwater exploration, development, production, construction, installation, inspection, repair, maintenance, well-stimulation, and other enhanced oil recovery requirements of the offshore oil and gas industry. It also operates a shore-base support facility located in Port Fourchon, Louisiana, as well as provides vessel management services, such as crewing, daily operational management, and maintenance activities for other vessels owners. As of February 19, 2014, the company owned and operated 55 OSVs and 4 MPSVs. Hornbeck Offshore Services, Inc. was founded in 1997 and is headquartered in Covington, Louisiana.

1,397 Employees
Last Reported Date: 02/28/14
Founded in 1997

hornbeck offshore services (HOS) Top Compensated Officers

Co-founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $601.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $364.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $364.0K
General Counsel and Executive Vice President
Total Annual Compensation: $286.0K
Chief Information Officer, Chief Commercial O...
Total Annual Compensation: $259.0K
Compensation as of Fiscal Year 2012.

hornbeck offshore services (HOS) Key Developments

Hornbeck Offshore Services, Inc. Presents at Marine Money 4th Annual Houston Offshore Finance Forum, Apr-03-2014 09:50 AM

Hornbeck Offshore Services, Inc. Presents at Marine Money 4th Annual Houston Offshore Finance Forum, Apr-03-2014 09:50 AM. Venue: St. Regis Hotel, 1919 Briar Oaks Lane, Houston, TX 77027, United States. Speakers: Todd M. Hornbeck, Co-Founder, Chairman, Chief Executive Officer and President.

Hornbeck Offshore Services, Inc. Provides Financial Guidance for the First Quarter, Second Quarter, Third Quarter, Fourth Quarter and Full Year of 2014 and for 2015

Hornbeck Offshore Services, Inc. provided financial guidance for the first quarter, second quarter, third quarter, fourth quarter and full year of 2014 and for 2015. For the first quarter of 2014, the company expects maintenance capital expenditures of $27.9 million, other capital expenditures of $10.9 million and growth capital expenditures of $157.8 million. Projected quarterly depreciation, amortization, interest expense and income tax rate for the first quarter of 2014 are $16.0 million, $13.7 million, $13.7 million and 37.0%, respectively. For the second quarter of 2014, the company expects maintenance capital expenditures of $11.1 million, other capital expenditures of $14.9 million and growth capital expenditures of $91.5 million. Projected quarterly depreciation, amortization, interest expense and income tax rate for the second quarter of 2014 are $17.0 million, $10.2 million, $13.7 million and 37.0%, respectively. For the third quarter of 2014, the company expects maintenance capital expenditures of $10.3 million, other capital expenditures of $14.0 million and growth capital expenditures of $75.0 million. Projected quarterly depreciation, amortization, interest expense and income tax rate for the third quarter of 2014 are $18.7 million, $10.2 million, $13.7 million and 37.0%, respectively. For the fourth quarter of 2014, the company expects maintenance capital expenditures of $8.0 million, other capital expenditures of $3.5 million and growth capital expenditures of $71.0 million. Projected quarterly depreciation, amortization, interest expense and income tax rate for the fourth quarter of 2014 are $20.4 million, $9.8 million, $13.7 million and 37.0%, respectively. For 2014, the company expects maintenance capital expenditures of $57.3 million, other capital expenditures of $43.3 million and growth capital expenditures of $395.3 million. Projected depreciation, amortization, interest expense and income tax rate for 2014 are $72.1 million, $43.9 million, $54.8 million and 37.0%, respectively. The expected increase in amortization expense for the full-year 2014 is primarily due to the acceleration of drydock activities for five new generation OSVs recently awarded long-term contracts for specialty service in Mexico. The company's annual effective tax rate is expected to be in the range of 36.0% to 38.0% for 2014. For 2015, the company expects maintenance capital expenditures of $35.8 million, other capital expenditures of $4.0 million and growth capital expenditures of $116.9 million. Projected depreciation, amortization, interest expense and income tax rate for 2015 are $83.3 million, $40.0 million, $54.1 million and 37.0%, respectively. The company's annual effective tax rate is expected to be in the range of 36.0% to 38.0% for 2015.

Hornbeck Offshore Services, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Hornbeck Offshore Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $22.2 million, or $0.61 per diluted share, compared to net income of $11.3 million, or $0.31 per diluted share, for the year-ago quarter. EBITDA was $66.8 million compared to $55.1 million in the fourth quarter of 2012. The company's income from continuing operations was $22.1 million, or $0.61 per diluted share, compared to $9.4 million, or $0.26 per diluted share, for the year-ago quarter. EBITDA from continuing operations increased 36.8% to $66.9 million compared to $48.9 million for the fourth quarter of 2012. Revenues were $144.9 million, an increase of $26.3 million, or 22.2%, from $118.6 million for the fourth quarter of 2012. The year-over-year increase in Upstream revenues primarily resulted from improved market conditions for the company's MPSVs and four newly constructed vessels placed in service under the company's fifth OSV newbuild program. Operating income was $43.7 million compared to $29.6 million for the prior-year quarter. Income before income taxes was $35.62 million compared to $15.21 million reported a year ago. EBITDA was $66.91 million compared to $48.86 million reported a year ago. Adjusted EBITDA was $69.78 million compared to $52.2 million reported a year ago. Net cash provided by operating activities was $39.13 million compared to $30.11 million reported a year ago. The company reported maintenance capital expenditures of $15.04 million, other capital expenditures of $23.04 million and growth capital expenditures of $113.07 million compared to maintenance capital expenditures of $12.50 million, other capital expenditures of $1.14 million and growth capital expenditures of $87.52 million reported a year ago. Revenues for 2013 increased 18.3% to $548.1 million compared to $463.3 million for the same period in 2012. Operating income was $171.1 million compared to $117.6 million for the prior-year. Income from continuing operations for 2013 increased $29.4 million to $64.1 million or $1.76 per diluted share compared to $34.7 million or $0.97 per diluted share for 2012. EBITDA from continuing operations for 2013 increased 24.6% to $231.2 million compared to $185.5 million for 2012. The company recorded a $25.8 million ($16.1 million after-tax or $0.44 per diluted share) loss on early extinguishment of debt during 2013. This loss resulted from the refinancing of the company's 8.000% senior notes due 2017 with new 5.000% senior notes due 2021. Excluding the impact of such loss on early extinguishment of debt, EBITDA from continuing operations, income from continuing operations and diluted EPS from continuing operations for the twelve months of 2013 would have been $257.0 million, $80.2 million and $2.20 per share, respectively. The company recorded a $6.0 million ($3.7 million after-tax or $0.11 per diluted share) loss on early extinguishment of debt during 2012. This loss resulted from the refinancing of the company's 6.125% senior notes due 2014 with new 5.875% senior notes due 2020. Excluding the impact of such loss on early extinguishment of debt, EBITDA from continuing operations, income from continuing operations and diluted EPS from continuing operations for 2012 would have been $191.5 million, $38.4 million and $1.08 per share, respectively. These higher revenues primarily resulted from increased demand for high-spec OSVs, including four newly constructed vessels placed in service under the Company's fifth OSV newbuild program, and MPSVs operating in the GoM. The company reported net income of $111.4 million, or $3.05 per diluted share, compared to net income of $37.02 million, or $1.03 per diluted share, for the year-ago. Income before income taxes was $100.4 million compared to $56.08 million reported a year ago. Adjusted EBITDA was $271.37 million compared to $204.47 million reported a year ago. Net cash provided by operating activities was $207.07 million compared to $128.86 million reported a year ago. The company reported maintenance capital expenditures of $46.76 million, other capital expenditures of $66.59 million and growth capital expenditures of $444.88 million compared to maintenance capital expenditures of $48.38 million, other capital expenditures of $8.63 million and growth capital expenditures of $232.16 million reported a year ago.

 

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Industry Analysis

HOS

Industry Average

Valuation HOS Industry Range
Price/Earnings 23.0x
Price/Sales 2.6x
Price/Book 1.1x
Price/Cash Flow 7.4x
TEV/Sales NM Not Meaningful
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