Sam Giberga Explains the Jones Act

12 / 08 / 15

How the Misunderstood Jones Act Enhances Our Security and EconomyThis paper defines the scope of the Act and evaluates the legislation on historical, national security, and economic grounds. It is my goal to clarify many misconceptions in the hope that as we think about the Jones Act, we will avoid echo chambers and instead engage in meaningful dialogue.Click Here to download and view the paper. ...

[READ MORE]

Hornbeck Offshore Announces Third Quarter 2015 Results

10 / 28 / 15

October 28, 2015 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the third quarter ended September30, 2015. Following are highlights for this period and the Company’s future outlook: ·  3Q2015 earnings and EBITDA were $0.40 per diluted share and $60.3 million, respectively ·  3Q2015 sale of final OSV to U.S. Navy resulted in pre-tax gain on sale of assets of $11.0 million ($0.19 per diluted share) ·  ...

[READ MORE]

Hornbeck Offshore Announces Second Quarter 2015 Results

07 / 29 / 15

July 29, 2015 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the second quarter ended June30, 2015. Following are highlights for this period and the Company’s future outlook: ·  2Q2015 diluted EPS was $0.53, an increase of $0.11, or 26%, from the comparable 1Q2015 diluted EPS of $0.42 ·  2Q2015 EBITDA was $66.3 million, an increase of $4.6 million, or 7%, from the comparable 1Q2015 EBITDA of $61.7 million ...

[READ MORE]

Hornbeck Offshore Announces First Quarter 2015 Results

04 / 29 / 15

COVINGTON, La., April 29, 2015 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the first quarter ended March 31, 2015.  Following are highlights for this period and the Company's future outlook: 1Q2015 sale of three OSVs to U.S. Navy resulted in pre-tax gain on sale of assets of $33.1 million ($0.57 per diluted share) Excluding gain on sale of assets, 1Q2015 diluted EPS was $0.42, an increase of $0.11, or 35%, from the year-ago quarter ...

[READ MORE]

Hornbeck Offshore Completes Sale of Three Vessels to U.S. Navy

03 / 02 / 15

March 2, 2015 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE: HOS) (“Hornbeck” or “the “Company”) announced today that it has closed the previously announced sale of three 250EDF class OSVs, the HOS Arrowhead, the HOS Eagleview and the HOS Westwind, that were previously chartered to the U.S. Navy. Since their construction in 2008 and 2009, these vessels have supported the U.S. Navy’s submarine fleet on the east and west coast of the U.S.  In order for ...

[READ MORE]