News & Press
Hornbeck Offshore Announces Fourth Quarter 2014 Results
02 / 11 / 15
February 11, 2015 -- Covington, Louisiana -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the fourth quarter ended December 31, 2014. Following are highlights for this period and the Company’s future outlook:• 4Q2014 diluted EPS from continuing operations of $0.52 decreased $0.09, or 15%, from the year-ago quarter• 4Q2014 EBITDA from continuing operations of $67.4 million increased $0.5 million, or 1%, over the year-ago ...[READ MORE]
Hornbeck Offshore Amends and Extends Existing $300 Million Revolving Credit Facility
02 / 11 / 15
February 11, 2015 -- Covington, Louisiana -- Hornbeck Offshore Services, Inc. (NYSE:HOS) (“the Company”) announced today that on February 6, 2015, the Company amended and restated its existing $300 million revolving credit facility to extend the maturity date and modify certain covenants to provide greater financial flexibility to the Company. All eight of the Company’s existing lenders renewed their prior commitments under the facility, with the majority expressing an interest ...[READ MORE]
Hornbeck Offshore Board Authorizes $150 Million Share Repurchase Program
10 / 29 / 14
COVINGTON, La., Oct. 29, 2014 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) ("the "Company") announced today that its Board of Directors has authorized the Company to repurchase up to $150 million in shares of its common stock from time to time. The repurchase program will be funded from the Company's cash on-hand, cash flow from operations and/or cash proceeds from the divestiture of non-core assets. The Company is authorized to use different methods ...[READ MORE]
Hornbeck Offshore Announces Third Quarter 2014 Results
10 / 29 / 14
COVINGTON, La., Oct. 29, 2014 /PRNewswire/ --Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the third quarter ended September 30, 2014. Following are highlights for this period and the Company's future outlook: 3Q2014 diluted EPS from continuing operations of $0.72 increased $0.23, or 47%, over the year-ago quarter 3Q2014 EBITDA from continuing operations of $79.3 million increased $19.8 million, or 33%, over the year-ago quarter 3Q2014 average new gen ...[READ MORE]
Hornbeck Offshore Announces Second Quarter 2014 Results
07 / 30 / 14
COVINGTON, La., July 30, 2014 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the second quarter ended June 30, 2014. Following are highlights for this period and the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet growth and record MPSV dayrates 2Q2014 Upstream revenue of $171.1 million increased $34.5 million, or 25%, over 1Q2014 2Q2014 Upstream diluted EPS of $0.85 increased ...[READ MORE]