Last $43.01 USD
Change Today -0.92 / -2.09%
Volume 85.9K
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As of 11:36 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

hornbeck offshore services (HOS) Snapshot

Open
$43.91
Previous Close
$43.93
Day High
$43.91
Day Low
$42.74
52 Week High
10/18/13 - $59.93
52 Week Low
05/1/14 - $37.44
Market Cap
1.6B
Average Volume 10 Days
427.9K
EPS TTM
$2.26
Shares Outstanding
36.3M
EX-Date
--
P/E TM
19.1x
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.

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
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $286.0K
Chief Information Officer, Chief Commercial O...
Total Annual Compensation: $271.0K
Compensation as of Fiscal Year 2013.

hornbeck offshore services (HOS) Key Developments

Hornbeck Offshore Services, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Financial Guidance for the Third Quarter and Fourth Quarter of 2014 and Full Year of 2014 and 2015

Hornbeck Offshore Services, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company recorded consolidated net income for the second quarter of 2014 of $31.2 million, or $0.85 per diluted share, compared to net income of $23.8 million, or $0.65 per diluted share, for the year-ago quarter; and net income of $11.8 million, or $0.32 per diluted share, for the first quarter of 2014. Excluding the impact of a second quarter 2013 loss on early extinguishment of debt, consolidated net income for the year-ago period would have been $24.7 million, or $0.67 per diluted share. Diluted common shares for the second quarter of 2014 were 36.8 million compared to 36.5 million for the second quarter of 2013 and 36.7 million for the first quarter of 2014. EBITDA from consolidated operations for the second quarter of 2014 was $84.4 million compared to $74.8 million in the second quarter of 2013 and $55.0 million in the first quarter of 2014. Excluding the impact of a second quarter 2013 loss on early extinguishment of debt, EBITDA from consolidated operations for the year-ago period would have been $76.3 million. The company's income from continuing operations for the second quarter of 2014 was $31.2 million, or $0.85 per diluted share, compared to $20.3 million, or $0.55 per diluted share, for the year-ago quarter; and $11.4 million, or $0.31 per diluted share, for the first quarter of 2014. Second quarter 2014 EBITDA from continuing operations increased 27.7% to $84.3 million compared to $66.0 million for the second quarter of 2013 and increased 55.2% compared to $54.3 million for the first quarter of 2014. Excluding the impact of a second quarter 2013 loss on early extinguishment of debt, income and EBITDA from continuing operations for the year-ago period would have been $21.2 million and $67.5 million, respectively. Revenues were $171.1 million for the second quarter of 2014, an increase of $33.3 million, or 24.2%, from $137.8 million for the second quarter of 2013; and an increase of $34.5 million, or 25.3%, from $136.6 million for the first quarter of 2014. The year-over-year increase in Upstream Revenue was primarily due to the full or partial-period contribution of 13 vessels that were placed in-service under the Company's fifth OSV newbuild program or redelivered under the 200 class OSV retrofit program since June 2013, as well as improved spot market conditions for the Company's MPSV fleet. Operating income was $56.756 million against $46.448 million a year ago. Income before income taxes was $50.063 million against $32.510 million a year ago. Net cash provided by operating activities was $24,018,000 against $66,092,000 a year ago. Maintenance capital expenditures were $30,060,000 against $11,472,000 a year ago. Other capital expenditures were $36,330,000 against $32,947,000 a year ago. Revenue from continuing operations for the first six months increased 13.8% to $307.7 million compared to $270.3 million for the same period in 2013. Operating income from continuing operations was $81.8 million, or 26.6% of revenues, for the first six months in 2014 compared to $90.3 million, or 33.4% of revenues, for the prior-year period. Income from continuing operations for the first six months of 2014 increased $18.4 million to $42.6 million, or $1.16 per diluted share, compared to $24.2 million, or $0.66 per diluted share, for the first six months of 2013. EBITDA from continuing operations for the first half of 2014 increased 32.3% to $138.7 million compared to $104.8 million for the first half of 2013. However, 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 the first six months of 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 first six months of 2013 would have been $130.6 million, $40.3 million and $1.10 per share, respectively. The year-over-year increase in revenues from continuing operations primarily resulted from the full or partial-period contribution of 13 vessels that were placed in-service under the Company's fifth OSV newbuild program or returned to service under the Company's 200 class OSV retrofit program since June 2013 and, to a lesser extent, an increase in revenues from the MPSV fleet. Income before income taxes was $68.146 million against $38.754 million a year ago. Net cash provided by operating activities was $60,722,000 against $97,797,000 a year ago. Maintenance capital expenditures were $47,124,000 against $19,480,000 a year ago. Other capital expenditures were $61,457,000 against $45,733,000 a year ago. The company provided financial guidance for the third quarter and full year of 2014. Aggregate cash operating expenses are projected to be in the range of $74.0 million to $79.0 million for the third quarter of 2014. General and administrative expenses are expected to be in the approximate range of $15.0 million to $16.0 million for the third quarter of 2014. For the fourth quarter, the company expects maintenance capital expenditure of $8.1 million and other capital expenditure of $17.2 million. Aggregate cash operating expenses are projected to be in the range of $295.0 million to $305.0 million for the full-year 2014. General and administrative expenses are expected to be in the approximate range of $59.0 million to $62.0 million for the full-year 2014, commensurate with the Company's pending fleet growth and expanding international operations. The company's annual effective tax rate is expected to be in the range of 36.0% to 38.0% for fiscal years 2014 and 2015. The company expects that its maintenance capital expenditures for its Upstream fleet of vessels will be approximately $72.3 million and $30.5 million, respectively, for the full-years 2014 and 2015, respectively. The aggregate cost of the Company's fifth OSV new build program, excluding construction period interest, is expected to be approximately $1.25 billion, of which $383.5 million, $124.2 million and $25.8 million are expected to be incurred in fiscal years 2014, 2015 and 2016, respectively. For the full year 2014, the company expects maintenance capital expenditure of $72.3 million and other capital expenditure of $105.5 million. For the full year of 2015, the company expects maintenance capital expenditure of $30.5 million and other capital expenditure of $46.0 million.

Hornbeck Offshore Services, Inc. to Report Q2, 2014 Results on Jul 30, 2014

Hornbeck Offshore Services, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

Hornbeck Offshore Services, Inc. Presents at 2014 Louisiana Energy Conference, Jun-11-2014 08:00 AM

Hornbeck Offshore Services, Inc. Presents at 2014 Louisiana Energy Conference, Jun-11-2014 08:00 AM. Venue: Westin Canal Place Hotel, 100 Iberville Street, New Orleans, Louisiana, United States. Speakers: Todd M. Hornbeck, Co-Founder, Chairman, Chief Executive Officer and President.

 

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