COVINGTON, La., July 29, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the second quarter ended June 30, 2010. Following are highlights for this period and the Company's future outlook:
Company reaffirms annual EBITDA and earnings guidance for Fiscal 2010
Contract backlog for new gen OSV vessel-days currently at 56%, 38% and 24% for 2H2010, 2011 and 2012
Company continues to experience importation delays on five ...
COVINGTON, La., July 19, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its second quarter 2010 financial results at approximately 6:00 a.m. Eastern on Thursday, July 29, 2010. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, July 29, 2010 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2010 ...
COVINGTON, La., July 13, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it is reviewing the Secretary of the Interior's latest offshore drilling moratorium and has substantial concerns about its consistency with the June 22, 2010 order by U.S. District Judge Martin Feldman. Judge Feldman ruled in favor of Hornbeck Offshore's action to block a six-month federal moratorium on deepwater drilling in the Gulf of Mexico. Subsequent challenges to the ...
COVINGTON, La., June 22, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that a federal judge in New Orleans, Louisiana, has ruled in favor of the Company's petition to block a six-month federal moratorium on deepwater drilling in the Gulf of Mexico.
Todd Hornbeck, Chairman, President and Chief Executive Officer, provided the following statement: "We are very pleased that the court has ruled in our favor. We also appreciate Judge Feldman having consi...
Announces Follow-Up Conference Call on June 15, 2010
COVINGTON, La., June 3, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) issued today the following update regarding the current status of its Upstream operations in the Gulf of Mexico ("GoM") in light of the recently announced 180-day moratorium on drilling in water depths in excess of 500 feet in the GoM (the "Drilling Moratorium").
As of today, the Company has an Upstream fleet complement of 55 new generation ...
COVINGTON, La., May 6, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the first quarter ended March 31, 2010. Following are highlights for this period and the Company's future outlook:
Company reaffirms annual EBITDA and earnings guidance for Fiscal 2010
Contract backlog for new gen OSV vessel-days currently at 56%, 38% and 24% for 2Q-4Q2010, 2011 and 2012
Company continues to support oil spill disaster relief effor...
COVINGTON, La., April 21, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its first quarter 2010 financial results at approximately 6:00 a.m. Eastern on Thursday, May 6, 2010. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 6, 2010 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2010 Earnings Conference ...
COVINGTON, La., April 21, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its first quarter 2010 financial results at approximately 6:00 a.m. Eastern on Thursday, May 6, 2010. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 6, 2010 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2010 Earnings Conference ...
COVINGTON, La., Feb 25, 2010 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it has successfully completed its offer to exchange $250,000,000 aggregate principal amount of its outstanding 8.000% Series A Senior Notes due 2017 (CUSIPs 440543 AF 3 and U44070 AC 1) (collectively, the "Old Notes"), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of 1933 (the "Act"), for an equal aggre...
COVINGTON, La., Who Dat Nation, Feb 11, 2010 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the fourth quarter ended December 31, 2009. Following are highlights for this period and the Company's future outlook:
Company initiates 2010 EBITDA and earnings guidance
Contract backlog for new generation OSV vessel-days at 56% for 2010, up from 40% as of 3Q 2009
Vessel-stacking and fleet rationalization strategy saves $32.1 mill...
COVINGTON, La., Jan 26, 2010 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today the commencement, on Monday, January 25, 2010, of its offer to exchange any and all of the $250,000,000 aggregate principal amount of its outstanding 8.000% Series A Senior Notes due 2017 (CUSIPs 440543 AF 3 and U44070 AC 1) (collectively, the "Old Notes"), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of 19...
COVINGTON, La., Jan 22, 2010 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its fourth quarter 2009 financial results at approximately 6:00 a.m. Eastern on Thursday, February 11, 2010. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, February 11, 2010 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Fourth Quarter 2009...
Amends and Extends Revolving Credit Facility; Adds $100 million Accordion
COVINGTON, La., Nov. 5 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the third quarter ended September 30, 2009. Following are highlights for this period and the Company's future outlook:
-- 2009 earnings guidance lowered to reflect 2009 YTD actual results and
prevailing market conditions
-- Contract backlog for new generation OSV vessel-days at 61%...
COVINGTON, La., Oct. 15 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its third quarter 2009 financial results at approximately 6:00 a.m. Eastern on Thursday, November 5, 2009. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, November 5, 2009 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarte...
COVINGTON, La., Aug. 17 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the Company has closed its
private placement of $250,000,000 aggregate principal amount of its 8.000%
Senior Notes due 2017 (CUSIP Nos. 440543AF3 and U44070AC1) (the "Senior
Notes"). The Senior Notes were priced at 97.123% of principal amount to yield
8.500%.
The net proceeds to the Company from this offering were approximately
$237.3 million, net of discounts, commi...
COVINGTON, La., Aug. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has agreed to sell
$250,000,000 aggregate principal amount of its 8.000% Senior Notes due 2017
(the "Senior Notes") in a private placement pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"). This represents a
$50.0 million increase from the aggregate transaction size announced August
12, 2009. The closing is expected to occur Au...
COVINGTON, La., Aug 12, 2009 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it intends to offer, subject to market and other conditions, approximately $200.0 million aggregate principal amount of senior notes due 2017 (the "Senior Notes") through an offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
The Company intends to use the net...
Q2 2009 diluted EPS was $0.01 per share including Downstream non-cash
impairment charge
Q2 2009 diluted EPS was $0.64 per share excluding Downstream non-cash
impairment charge
COVINGTON, La., July 30 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the second quarter
ended June 30, 2009. Following are highlights for this period and the
Company's future o...
COVINGTON, La., July 9 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its second
quarter 2009 financial results at approximately 6:00 a.m. Eastern on Thursday,
July 30, 2009. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
July 30, 2009 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2009 E...
COVINGTON, La., July 9 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its second
quarter 2009 financial results at approximately 6:00 a.m. Eastern on Thursday,
July 30, 2009. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
July 30, 2009 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2009 E...
COVINGTON, La., April 30 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the first quarter ended
March 31, 2009. Following are highlights for this period and the Company's
future outlook:
Q1 2009 Upstream revenues increased 34% over Q1 2008
Q1 2009 Upstream operating income increased 52% over Q1 2008
Q1 2009 Upstream net income increased 49% over Q1 2008
Three additional DP-2 new gen OSV newbuilds were ...
COVINGTON, La., April 8 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its first
quarter 2009 financial results at approximately 6:00 a.m. Eastern on Thursday,
April 30, 2009. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
April 30, 2009 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2009 Ea...
COVINGTON, La., Feb. 19 /PRNewswire/ -- Hornbeck Offshore Services, Inc.
(NYSE: HOS) announced today results for the fourth quarter and year ended
December 31, 2008. Following are highlights for such periods and the
Company's future outlook:
-- Segment names have been changed to Upstream and Downstream from OSV
and TTB, respectively.
-- Record quarterly Upstream revenue, net income and EBITDA
-- Q4 2008 Upstream revenues increased 38% over Q4 2007
-- ...
COVINGTON, La., Feb 03, 2009 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its 2008 fourth quarter and year-end financial results at approximately 6:00 a.m. Eastern on Thursday, February 19, 2009. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, February 19, 2009 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offsh...
COVINGTON, La., Nov. 19 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has filed an acquisition
shelf registration statement on Form S-4 with the Securities and Exchange
Commission ("SEC") and plans to file a universal shelf registration statement
on Form S-3 in the near future. These filings will replace the Company's
existing shelf registration statements on Forms S-4 and S-3 that have been
effective since September 2005. Under SEC ru...
COVINGTON, La., Nov. 12 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Bank of
America 2008 Energy Conference being held November 13-14, 2008 in Key
Biscayne, Florida.
The Company's presentation at the conference will be webcast live with an
accompanying slideshow o...
COVINGTON, La., Nov. 6 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the third quarter ended
September 30, 2008. Following are highlights for the third quarter and the
Company's future outlook:
Record quarterly OSV revenue, operating income, net income and EBITDA
Q3 2008 OSV revenues increased 33% over Q3 2007 and 11% over Q2 2008
Q3 2008 OSV operating income increased 43% over Q3 2007 and 32% over Q2
2008
...
COVINGTON, La., Oct. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2008 financial results at approximately 6:00 a.m. Eastern on Thursday,
November 6, 2008. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, November 6, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2008 ...
No Other Officers or Directors Affected
COVINGTON, La., Oct. 17 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) today announced that 4,520 shares of Hornbeck
Offshore common stock owned by its Chief Operating Officer, Carl G. Annessa,
were recently sold pursuant to an involuntary margin call affected by Mr.
Annessa's broker. Following the sale, Mr. Annessa still beneficially owns or
has rights to approximately 235,000 shares of Company stock, including
previous...
COVINGTON, La., Oct. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2008 financial results at approximately 6:00 a.m. Eastern on Thursday,
November 6, 2008. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, November 6, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2008 ...
Company business continuity plan successfully implemented
COVINGTON, La., Sept. 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that, based on first reports from
the field, it has experienced no damage to any of its vessels as a result of
Hurricane Gustav, including those currently under construction in Gulf of
Mexico ("GoM") shipyards. The Company's new generation offshore supply vessel
fleet continues to operate at pre-storm levels ...
COVINGTON, La., Aug. 28 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Lehman
Brothers CEO Energy/Power Conference being held September 2-4, 2008 at the
Sheraton New York Hotel and Towers in New York City.
The Company's presentation at the conference will be webcast ...
COVINGTON, La., July 31 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the second quarter
ended June 30, 2008. Following are highlights for the second quarter and the
Company's future outlook:
Record quarterly OSV revenue, operating income, net income and EBITDA
Q2 2008 OSV revenues increased 63% over Q2 2007 and 17% over Q1 2008
Q2 2008 OSV operating income increased 44% over Q2 2007 and 34% over Q1
2008
...
COVINGTON, La., July 11 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its second
quarter 2008 financial results at approximately 6:00 a.m. Eastern on Thursday,
July 31, 2008. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
July 31, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2008 Earni...
COVINGTON, La., June 6 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the Company has retained J.P.
Morgan Securities Inc. ("JPMorgan") to act as its financial advisor in a
thorough review of strategic alternatives for its downstream tug and tank
barge ("TTB") business. This review will consider possible alternatives
available to the Company for the TTB business, including: (i) potential
further growth by acquisitions, mergers or consolidat...
COVINGTON, La., May 1 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the first quarter ended
March 31, 2008. Following are highlights for the first quarter and the
Company's future outlook:
Q1 2008 revenues increased 43% over Q1 2007
Q1 2008 OSV operating income increased 58% over Q1 2007
Q1 2008 net income increased 32% over Q1 2007
Expanding into Brazil with time charters for two DP-2 OSVs
Customer contract bac...
COVINGTON, La., April 14 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its first
quarter 2008 financial results at approximately 6:00 a.m. Eastern on Thursday,
May 1, 2008. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
May 1, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2008 Earnings ...
Completes Expansion of Revolver Borrowing Base from $100 million to $250
million
COVINGTON, La., Feb. 21 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the fourth quarter and
year ended December 31, 2007. Following are highlights for such periods:
Q4 2007 revenues increased 55% from Q4 2006
Q4 2007 new generation OSV effective dayrates increased 23% over Q4
2006
Q4 2007 OSV o...
COVINGTON, La., Feb. 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its fourth
quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday,
February 21, 2008. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, February 21, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Fourth Quarter 200...
COVINGTON, La., Jan. 17 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Johnson
Rice Third Annual Emerging Growth Energy Conference at the St. Regis Hotel in
Houston, Texas on January 23, 2008.
The Company's presentation at the conference will be webcast live with an
...
Also announces plans to expand OSV newbuild program and HOS Port shore-based
facility
COVINGTON, La., Jan. 9 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has entered into a
definitive asset purchase agreement with Superior Offshore International, Inc.
(Nasdaq: DEEP), a subsea construction and commercial diving services company
("Superior"), to acquire the Superior Achiever, a T-22 class DP-3 new
gene...
COVINGTON, La., Nov 01, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the third quarter ended
September 30, 2007. Following are highlights for the third quarter and the
Company's future outlook:
Successful integration of the highly-accretive Sea Mar Fleet
acquisition of 20 OSVs
Q3 2007 effective dayrates for new generation OSVs are about $3,000
higher than Q3 2006
Q3 2007 OSV o...
COVINGTON, La., Oct. 16 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday,
November 1, 2007. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, November 1, 2007 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2007 ...
COVINGTON, La., Sept. 12 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the class action lawsuit
previously filed against the Company and certain of its senior executives,
relating to disclosures under the securities laws, has been voluntarily
dismissed by the lead plaintiffs without any payment by the Company or its
insurers. An order granting the dismissal of the case has been entered by the
United States District Court for the Eastern Di...
COVINGTON, La., Aug. 29 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Lehman
Brothers CEO Energy / Power Conference at the Sheraton New York Hotel and
Towers in New York City, to be held September 4-6, 2007.
The Company's presentation at the conference will be webca...
COVINGTON, La., Aug. 9 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that, on August 8, 2007, it
completed its previously announced acquisition of 20 offshore supply vessels
("OSVs") and their related business (the "Sea Mar Fleet") from certain
affiliates of Nabors Industries Ltd. (NYSE: NBR) ("Nabors") for cash
consideration of $186.0 million, plus the cost of the fuel inventory on such
vessels. The Sea Mar Fleet is comprised of ten 200 class D...
COVINGTON, La., Aug. 2 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the second quarter
ended June 30, 2007. Following are highlights for the second quarter and the
Company's future outlook:
Q2 2007 diluted EPS was 16% higher than Q2 2006
Q2 2007 OSV effective dayrates increased 18% over Q1 2007
Q2 2007 OSV operating margin was 56%, up from 45% in Q1 2007
Fleetwide average OSV dayrates are currently abov...
COVINGTON, La., July 24 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has entered into a
definitive asset purchase agreement with certain affiliates of Nabors
Industries Ltd. (NYSE: NBR) ("Nabors") to acquire 20 offshore supply vessels
("OSVs") and their related business (the "Sea Mar Fleet") for cash
consideration of $186.0 million, plus the cost of any fuel inventory on such
vessels. The Sea Mar Fleet is comprised of ten 200 class DP-...
COVINGTON, La., July 17 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its second
quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday,
August 2, 2007. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
August 2, 2007 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2007 ...
COVINGTON, La., May 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the first quarter ended
March 31, 2007. Following are highlights for the first quarter and the
Company's future outlook:
* Q1 2007 revenues were 12% higher than Q1 2006
* Q1 2007 net income was 18% higher than Q1 2006
* Q1 2007 diluted EPS was 22% higher than Q1 2006
* Q1 2007 TTB dayrates increased 20% over Q1 2006
* Leading-edge fleetw...
COVINGTON, La., May 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has expanded its
multi-purpose supply vessel ("MPSV") program to include one 430-ft. new
generation DP-3 MPSV to be constructed at a European shipyard with an
anticipated third quarter 2009 delivery. This 8,000 deadweight ton vessel
will be equipped with two cranes, a helideck, a moon pool and accommodations
for 100 people. The primary crane will have lifting capacity ...
COVINGTON, La., April 19 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its first
quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday,
May 3, 2007. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
May 3, 2007 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2007 Earnings ...
Updating 2007 earnings and capital expenditure guidance
COVINGTON, La., Feb. 15 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today results for the fourth quarter and
year ended December 31, 2006. Following are highlights for such periods:
Overall Q4 2006 revenues increased 14% from Q4 2005
Q4 2006 OSV dayrates increased 22% over Q4 2005
Q4 2006 TTB dayrates increased 11% over Q4 2005
Calendar 2006 revenue increase...
COVINGTON, La., Feb. 1 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its fourth
quarter 2006 financial results at approximately 6:00 a.m. Eastern on Thursday,
February 15, 2007. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, February 15, 2007 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Fourth Quarter 2...
COVINGTON, La., Jan. 19 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has recently learned that
purported class action lawsuits were reportedly filed against the Company and
one or more senior executives or directors, in the United States District
Court for the Eastern District of Louisiana related to disclosures under the
securities laws. Based on its initial review of one of the complaints,
Hornbeck Offshore believes that such lawsuit...
COVINGTON, La., Jan. 10 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that after an initial review of
operating results, it has revised its EBITDA and diluted earnings per share
(EPS) guidance for the fourth quarter of 2006 and calendar 2006.
The Company now expects EBITDA for the fourth quarter of 2006 to range
between $33.0 million and $34.0 million, down from $39.0 million to $41.0
million. Please refer to the attached data table and Note...
COVINGTON, La., Nov. 28 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be presenting at the 2006
Louisiana Energy Conference to be held at the Windsor Court Hotel in New
Orleans, Louisiana, November 28-30, 2006. For more information, visit the
conference website at http://www.louisianaenergycon...
EPS Guidance Increased to Reflect Expected Effect of Recent Financing
Transactions
COVINGTON, La., Nov. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating at the Lehman
Brothers Third Annual Small Cap Conference on Wednesday, November 15, 200...
COVINGTON, La., Nov. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) today announced the closing of its previously
announced offering of $220.0 million aggregate principal amount of convertible
senior notes due November 15, 2026 that were privately offered within the
United States to qualified institutional buyers pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"). In addition,
the Company announced that the initial purc...
Company upsizes offering and repurchases 1.8 million shares of its common
stock
COVINGTON, La., Nov. 8 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) today announced pricing of $220.0 million aggregate
principal amount of convertible senior notes due November 15, 2026 that were
privately offered within the United States to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended (the
...
COVINGTON, La., Nov. 6 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it intends to offer, subject
to market and other conditions, approximately $200.0 million aggregate
principal amount of convertible senior notes due 2026 through an offering
within the United States to qualified institutional buyers pursuant to Rule
144A under the Securities Act of 1933, as amended (the "Securities Act"). The
notes will be guaranteed by the same subsidiar...
Q3 2006 Diluted EPS Was $0.86 Per Share Including FAS 123R Stock-Based Compensation ExpenseCOVINGTON, La., Nov 01, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today record results for the third
quarter ended September 30, 2006. Following are highlights for the third
quarter:
Comparable Q3 2006 diluted EPS was roughly double Q3 2005, despite a
29% increase in diluted shares
Q3 2006 net income of $23.9...
COVINGTON, La., Oct. 2 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has closed on a new five-
year senior secured revolving credit facility that increased the amount of the
borrowing base, extended the maturity, lowered the interest rate and improved
the financial flexibility of the covenant package of the Company's prior
revolving credit facility, commensurate with its enhanced credit standing.
The new revolving credit facility has...
COVINGTON, La., Sept. 21 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2006 financial results at approximately 6:00 a.m. Eastern on
Wednesday, November 1, 2006. In conjunction with the release, the Company has
scheduled a conference call, which will be broadcast live over the Internet,
on Wednesday, November 1, 2006 at 9:00 a.m. Eastern (8:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 20...
COVINGTON, La., Aug 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Lehman
Brothers CEO Energy / Power Conference at the Waldorf-Astoria in New York
City, to be held September 5-7, 2006.
The Company's presentation at the conference will be w...
Q2 2006 diluted EPS was $0.73 per share including FAS 123R stock-based
compensation expense
Q2 2006 diluted EPS was $0.77 per share excluding FAS 123R stock-based
compensation expense
Upwardly revising guidance for 2006 and 2007
COVINGTON, La., Aug. 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today record results for the second
quarter ended June 30, 2006. ...
COVINGTON, La., July 20 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its second
quarter 2006 financial results at approximately 6:00 a.m. Eastern on Thursday,
August 3, 2006. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
August 3, 2006 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2006 Ea...
Q1 2006 diluted EPS was $0.54 per share including FAS 123R stock-based
compensation expense
Q1 2006 diluted EPS was $0.57 per share excluding FAS 123R stock-based
compensation expense
Upwardly revising guidance for 2006 and 2007
COVINGTON, La., May 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today its results for the first quarter
ended March 31, 2...
COVINGTON, La., April 24 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will present at the 10th Annual
Burkenroad Reports Investor Conference to be held April 28, 2006, at the
Hilton New Orleans Riverside Hotel in New Orleans, Louisiana. The Burkenroad
Reports is an equity research program at Tula...
Annual Meeting of Stockholders on Tuesday, May 2, 2006
COVINGTON, La., April 18 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its first
quarter 2006 financial results at approximately 6:00 a.m. Eastern on Thursday,
May 4, 2006. In conjunction with the release, the Company has scheduled a
conference call, which will be broadcast live over the Internet, on Thursday,
May 4, 2006 at 10:00 a.m. Eastern (9:00 a.m. Cen...
COVINGTON, La., March 31, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has successfully completed
its offer to exchange $75,000,000 aggregate principal amount of its
outstanding 6.125% Series A Senior Notes due 2014 (CUSIPs 440543 AC 0 and
U44070 AB 3) (collectively, the "Old Notes"), which were sold in accordance
with Rule 144A or Regulation S under the Securities Act of 1933 (the "Act")
for an equal aggregate ...
Mar 06, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today the commencement, on Friday, March
3, 2006, of its offer to exchange any and all of the $75,000,000 aggregate
principal amount of its outstanding 6.125% Series A Senior Notes due 2014
(CUSIPs 440543 AC 0 and U44070 AB 3) (collectively, the "Old Notes"), which
were sold in accordance with Rule 144A or Regulation S under the Securities
Act of 1933 (the "Act") for an equ...
Q4 2005 diluted EPS was $0.55 versus ($0.48) in Q4 2004, including bond
refinancing charges
Q4 2005 diluted EPS was $0.55 versus $0.22 in Q4 2004, excluding bond
refinancing charges
Increasing 2006 guidance and initiating 2007 guidance
COVINGTON, La., Feb. 23 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today record results for the fourth
quarter and year ended Dec...
COVINGTON, La., Feb. 16 /PRNewswire-FirstCall/ -- Confirming a press
report in a trade publication earlier today, Hornbeck Offshore Services, Inc.
(NYSE: HOS) announced that the Company was not responsible for the oil spill
that occurred earlier this week into the waters of Arthur Kill near Perth
Amboy, New Jersey. According to the United States Coast Guard, the terminal
has assumed responsibility for cleaning the spill and has contracted Clean
Harbors and Atlantic Response to help wi...
Jan 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its 2005
fourth quarter and year end results at approximately 6:00 a.m. Eastern on
Thursday, February 23, 2006. In conjunction with the release, the Company has
scheduled a conference call, which will be broadcast live over the Internet,
on Thursday, February 23, 2006 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore 2005 Fou...
COVINGTON, La., Jan. 23 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the gasoline discharge from
one of its barges reported over the weekend has been addressed and the barge
is now en route from New Haven, CT to a repair facility in New York harbor.
The discharge occurred early Saturday morning during terminal operations and
appears to have resulted from a small puncture in the side of the vessel below
the waterline. The Company immediate...
COVINGTON, La., Jan. 21 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that at approximately 0500 AM EST,
the Energy 5501, a tank barge owned by its subsidiary, Hornbeck Offshore
Transportation, reported that an as yet undetermined amount of gasoline has
escaped from the barge during the discharge of the product at a New Haven, CT
terminal location. The source of the leak is still being investigated. The
initial leak was contained within the co...
COVINGTON, La., Dec. 16 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer of Hornbeck Offshore, and certain
related family trusts have entered into sales plans covering certain shares of
common stock of the Company owned by them. Under the terms of the plans,
adopted in compliance with SEC Rule 10b5-1, Mr. Hornbeck proposes to sell
10,000 shares of HOS common stock and each of th...
COVINGTON, La., Nov. 10 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Bank of
America Energy Conference at the Boca Raton Resort & Club, to be held
November 13-15, 2005.
The Company's presentation at the conference will be webcast live with an
accompanying slidesho...
Q3 2005 diluted EPS nearly triples to $0.44 compared to $0.15 in Q3 2004
Current average OSV dayrates are $15,000 with leading-edge spot rates above
$17,000
Third double-hulled tank barge delivered from shipyard in October 2005
Fourth and fifth newbuild tank barges are on-track for Q4 2005 deliveries
COVINGTON, La., Nov. 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today record results for the thi...
COVINGTON, La., Oct. 14 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2005 results at approximately 6:00 a.m. Eastern on Thursday,
November 3, 2005. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, November 3, 2005 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2005 Earnings C...
COVINGTON, La., Oct. 14 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its third
quarter 2005 results at approximately 6:00 a.m. Eastern on Thursday,
November 3, 2005. In conjunction with the release, the Company has scheduled
a conference call, which will be broadcast live over the Internet, on
Thursday, November 3, 2005 at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2005 Earnings C...
COVINGTON, La., Oct. 6 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the Company has closed its
underwritten public offering (the "Offering") of 6,100,000 shares of its
common stock at a price to the public of $35.35 per share, for total gross
proceeds of $215.6 million before underwriting discounts, commissions and
offering expenses. The Offering included an additional 2,000,000 shares sold
by a selling stockholder. The underwriters have...
COVINGTON, La., Oct. 5 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that the Company has closed its
private placement of an additional $75,000,000 aggregate principal amount of
its 6.125% Senior Notes due 2014 (the "Additional Notes") under its indenture
dated as of November 23, 2004. The Additional Notes were priced at 99.25% of
principal amount to yield 6.232%, have substantially the same terms as the
original notes and are due in 2014.
...
COVINGTON, La., Sept 30, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has agreed to sell in a
private placement an additional $75,000,000 aggregate principal amount of its
6.125% Senior Notes due 2014 (the "Additional Notes") under its indenture
dated as of November 23, 2004. The Additional Notes were priced at 99.25% of
principal amount to yield 6.232%. The closing is expected to occur on October
4, 2005, subj...
COVINGTON, La., Sept 30, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it priced its public offering
(the "Offering") of 6,100,000 shares of its common stock at $35.35 per share,
for total gross proceeds of $215.6 million before underwriting discounts,
commissions and offering expenses. This represents an increase over the
4,750,000 share offering announced September 26, 2005. In addition to the
shares to be offere...
COVINGTON, La., Sept. 30 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, will ring The Closing Bell(TM) at the
New York Stock Exchange today, Friday, September 30, 2005 at 4:00 p.m. Eastern
time. This event marks the pricing of the Company's recent public stock
offering and private placement of 6.125% senior notes that will raise
approximately $290 million in aggregate gross ...
COVINGTON, La., Sept 26, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it intends to sell in a
private placement an additional $75,000,000 aggregate principal amount of its
6.125% Senior Notes due 2014 (the "Additional Notes") under its indenture
dated as of November 23, 2004.
The Company intends to use the proceeds from the sale of the Additional
Notes, in addition to the proceeds from its concurrent public offer...
COVINGTON, La., Sept 26, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has commenced a public
offering (the "Offering") of 4,750,000 shares of common stock plus an
additional 2,000,000 shares to be sold by a selling stockholder. The
underwriters have been granted an option by the Company to purchase up to an
additional 1,012,500 shares.
The Company intends to use the proceeds from the Offering, in addition to
...
Fourth OSV newbuild program to add 34% to current fleet deadweight capacity Second TTB newbuild program to add 27% to 2005 year-end fleet barrel capacity Fleetwide average OSV dayrates are now above $14,000 with positive outlookCOVINGTON, La., Sept 26, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that its Board of Directors
recently approved new vessel construction programs for each of its two
business segments. This will...
Company headquarters have been reopened and temporary offices closed
COVINGTON, La., Sept. 26 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has experienced no damage
to any of its vessels as a result of Hurricane Rita, including those currently
under construction or conversion in various Gulf of Mexico shipyards. In
addition, the storm had no impact on the Company's vessel charters. The
Company's new generation offshore supply ves...
THE WOODLANDS, Texas, Sept. 2 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman,
President and Chief Executive Officer, and James O. Harp, Jr., Executive Vice
President and Chief Financial Officer, will be participating in the Lehman
Brothers CEO Energy / Power Conference at the Waldorf=Astoria in New York
City, to be held September 6-8, 2005.
The Company's presentation at the conference will be webcast live with an...
THE WOODLANDS, Texas, Sept. 1 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has filed a universal shelf
registration statement on Form S-3 and an acquisition shelf registration
statement on Form S-4 with the Securities and Exchange Commission.
Once declared effective by the Securities and Exchange Commission, the
universal shelf on Form S-3 will enable the Company to sell from time to time,
in one or more public offerings, up to $350 m...
Temporary Executive Offices Have Been Established
THE WOODLANDS, Texas, Aug. 31 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has experienced no damage
to any of its vessels as a result of Hurricane Katrina, including those
currently under construction or conversion in various Gulf of Mexico
shipyards. In addition, the storm had no impact on the Company's vessel
charters. The Company's new generation offshore supply vessel fleet cont...
Q2 2005 diluted EPS quadruples to $0.36 compared to $0.09 in Q2 2004
Q3 OSV dayrates currently exceed previous all-time high of $12,700 set in 2001
NEW ORLEANS, Aug. 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today its results for the second quarter ended June
30, 2005. Second quarter revenues increased $10.8 million, or 35.6%, to $41.1
million compared to $30.3 million for the second quarter of 2004. Operating
income was $13.8 million, ...
Steven W. Krablin Elected to Fill Newly Created Independent Director Position
NEW ORLEANS, Aug. 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that, effective August 2, 2005, it has
expanded the size of its Board of Directors from seven to eight members.
Steven W. Krablin has been elected to fill the newly created position and will
serve as a Class II director. Class II directors will be up for re-election
at the Company's 2006 Annual Meeti...
NEW ORLEANS, July 11 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its second quarter 2005
results at approximately 6:00 a.m. Eastern on Thursday, August 4, 2005. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Thursday, August 4, 2005 at
10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2005 Earnings Conferen...
NEW ORLEANS, July 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its second quarter 2005
results at approximately 6:00 a.m. Eastern on Thursday, August 4, 2005. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Thursday, August 4, 2005 at
10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2005 Earni...
Q1 income was $0.25 per share including bond refinancing charges
Q1 income was $0.30 per share excluding bond refinancing charges
2005 EPS guidance range is now $1.12 to $1.27 excluding bond refinancing
charges 2006 EPS guidance range is now $1.36 to $1.65
NEW ORLEANS, May 5 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today its results for the first quarter ended March
31, 2005. First quarter revenues incre...
The Company will acquire the 'sister vessel' to the Energy Service 9001 Vessels are expected to add EPS of $0.25 to $0.35 in first full-year of service NEW ORLEANS, May 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that its Board of Directors recently approved
a conversion program to retrofit two coastwise sulfur tankers into
U.S.-flagged, new generation 370-foot multi-purpose supply vessels (MPSVs).
The total project cost to acqui...
NEW ORLEANS, May 3 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that, in a Board of Directors meeting
following its 2005 Annual Stockholders' Meeting, Todd M. Hornbeck was elected
to the position of Chairman of the Board, in addition to his current position
as President and Chief Executive Officer. Also, Bruce W. Hunt was designated
as Lead Independent Director for the Board for the calendar year 2005.
Mr. Bernie W. Stewart, who has served as Chai...
Q1 EPS Guidance Was $0.17 to $0.21 Excluding Bond Refinancing Charges;
Q1 EPS Guidance Is Now $0.27 to $0.30 Excluding Bond Refinancing Charges
Company Also Announces Acquisition of Second Foreign-Flagged AHTS Vessel
NEW ORLEANS, April 21 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) today announced that, based on a preliminary
financial review, it has raised its first quarter 2005 estimates. The Company
now expects EBITDA for the first q...
NEW ORLEANS, April 18 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, President
and Chief Executive Officer, and James O. Harp, Jr., Executive Vice President
and Chief Financial Officer, will be participating in the 9th Annual
Burkenroad Reports Investor Conference at The Ritz-Carlton New Orleans to be
held Friday, April 22, 2005. The Burkenroad Reports is an equity research
program at Tulane University's A.B. Freeman School of...
NEW ORLEANS, April 18 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it will release its first
quarter 2005 results at approximately 6:00 a.m. Eastern on Thursday, May 5,
2005. In conjunction with the release, the Company has scheduled a conference
call, which will be broadcast live over the Internet, on Thursday, May 5, 2005
at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore First Quarter 2005 Earnings Conference Cal...
NEW ORLEANS, March 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, President
and Chief Executive Officer of Hornbeck Offshore, and two trusts for his minor
children have entered into sales plans covering certain shares of common stock
of the Company owned by them. Under the terms of the plans, adopted in
compliance with SEC Rule 10b5-1, Mr. Hornbeck proposes to sell 50,000 shares
of HOS common stock and each...
NEW ORLEANS, La., March 8 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has successfully completed
its offer to exchange $225,000,000 aggregate principal amount of its
outstanding 6.125% Series A Senior Notes due 2014 (CUSIPs 440543 AA 4 and
U44070 AA 5) (collectively, the "Old Notes"), which were sold in accordance
with Rule 144A or Regulation S under the Securities Act of 1933 (the "Act")
for an equal aggregate principal amount of its 6.12...
Q4 loss was $0.48 per share including bond refinancing charges Q4 profit was $0.22 per share excluding bond refinancing charges NEW ORLEANS, Feb 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today its results for the fourth quarter and year
ended December 31, 2004. Fourth quarter revenues increased 29.5% to $37.8
million compared to $29.2 million for the fourth quarter of 2003. The $8.6
million increase was primarily driven by improve...
NEW ORLEANS, Jan 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its fourth quarter 2004
results at approximately 6:00 a.m. Eastern on Thursday, February 24, 2005. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Thursday, February 24, 2005
at 11:00 a.m. Eastern (10:00 a.m. Central).
What: Hornbeck Offshore Fourth Quarter 2004...
NEW ORLEANS, Feb 07, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today the commencement of its offer to exchange any
and all of the $225,000,000 aggregate principal amount of its outstanding
6.125% Series A Senior Notes due 2014 (CUSIPs 440543 AA 4 and U44070 AA 5)
(collectively, the "Old Notes"), which were sold in accordance with Rule 144A
or Regulation S of the Securities Act of 1933 (the "Act") for an equal
aggregate principal amount...
NEW ORLEANS, Jan. 28 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that James O. Harp, Jr., Vice President and
Chief Financial Officer, will be participating in the Twelfth Annual Emerald
Groundhog Day Investment Forum, scheduled for Thursday, February 3, 2005, at
the Wyndham Franklin Plaza Hotel in Philadelphia.
Mr. Harp's presentation at the conference will be webcast live with an
accompanying slideshow on Thursday, February 3, 2005, at 8:45...
NEW ORLEANS, Jan. 28 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its fourth quarter 2004
results at approximately 6:00 a.m. Eastern on Thursday, February 24, 2005. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Thursday, February 24, 2005
at 11:00 a.m. Eastern (10:00 a.m. Central).
What: Hornbeck Offshore Fourth Quarter 2004 Earnings C...
NEW ORLEANS, Dec. 9 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that the previously commenced cash tender
offer (the "Offer") for any and all $175,000,000 aggregate principal amount of
its 10-5/8% Senior Notes due 2008 (CUSIP 440536 AB 6) (the "2001 Notes"),
expired as scheduled at 5:00 p.m., Eastern time on Friday, December 3, 2004
(the "Expiration Time"). As previously announced on November 23, 2004,
Hornbeck Offshore accepted and made payment ...
NEW ORLEANS, Nov 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, President and Chief
Executive Officer, and James O. Harp, Jr., Vice President and Chief Financial
Officer, will be participating in the 4th Annual 2004 Louisiana Energy
Conference at the Windsor Court Hotel in New Orleans, to be held December 1-3,
2004. For more information, visit the conference website at
http://www.louisianaenergyconference.c...
NEW ORLEANS, Nov. 23 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced that it closed today the sale of $225,000,000
aggregate principal amount of 6.125% Senior Notes due 2014 (CUSIP Nos. 440543
AA 4 and U44070 AA 5) ("New Notes") in a private placement. The New Notes
have not been registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or available
exemption from such registration requ...
NEW ORLEANS, Nov 18, 2004 /PRNewswire-FirstCall via COMTEX/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it has agreed to sell $225,000,000
aggregate principal amount of its 6.125% Senior Notes due 2014 (the "New
Notes") pursuant to exemptions from registration under the Securities Act of
1933 (the "Securities Act"). The closing is expected to occur
November 23, 2004, subject to customary closing conditions.
The Company intends to use the net proceeds of the is...
NEW ORLEANS, Nov. 17 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it has received the consents necessary
to adopt the proposed amendments to the indenture governing the Notes (the
"Indenture") in its previously commenced tender offer (the "Offer") and
related consent solicitation (the "Consent Solicitation") for any and all
$175,000,000 aggregate principal amount of its 10-5/8% Senior Notes due 2008
(CUSIP 440536 AB 6) (the "Notes"). Adoption...
NEW ORLEANS, Nov. 16 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it has determined the total
consideration to be paid pursuant to its pending tender offer (the "Offer")
for any and all $175,000,000 aggregate principal amount of its 10-5/8% Senior
Notes due 2008 (CUSIP 440536 AB 6) (the "Notes") and related consent
solicitation ("Consent Solicitation"). The Offer and Consent Solicitation
commenced on Wednesday, November 3, 2004, and are sched...
Diluted earnings per share were $0.15
Net income grew 50% to $3.3 million
NEW ORLEANS, Nov. 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today its results for the third quarter ended
September 30, 2004.
Third quarter revenues increased 16.7% to $32.9 million compared to
$28.2 million for the third quarter of 2003. Of the $4.7 million increase,
$1.0 million was due to an increase in the av...
NEW ORLEANS, Nov. 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it is seeking to raise approximately
$225,000,000 through a private placement of new senior notes due 2014 (the
"New Notes") pursuant to exemptions from registration under the Securities Act
of 1933. The closing is expected to occur in late November 2004, subject to
market and other conditions.
The Company intends to use the net proceeds of the issuance of the New
Notes t...
NEW ORLEANS, Nov. 3 /PRNewswire/ -- Hornbeck Offshore Services, Inc.
(NYSE: HOS) announced today that it has commenced a cash tender offer (the
"Offer") to purchase any and all of its $175,000,000 aggregate principal
amount 10-5/8% Senior Notes due 2008 (CUSIP 440536 AB 6) (the "Notes"). In
connection with the Offer, the Company is soliciting consents (the "Consent
Solicitation") to proposed amendments that would eliminate certain restrictive
covenants and default provisions contained in ...
NEW ORLEANS, Oct. 14 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its third quarter 2004
results at approximately 6:00 a.m. Eastern on Thursday, November 4, 2004. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Thursday, November 4, 2004
at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Third Quarter 2004 Earnings Confe...
NEW ORLEANS, Sept. 20 /PRNewswire-FirstCall/ -- Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced that it has experienced no lost revenue
or damage to its vessels related to Hurricane Ivan that swept through the Gulf
of Mexico or Tropical Storm Jeanne that passed through St. Croix and Puerto
Rico last week.
Hornbeck Offshore Services, Inc. is a leading provider of technologically
advanced, new generation offshore supply vessels primarily in the U.S. Gulf of
Mexico and select in...
Company provides update on current OSV market conditions
and reaffirms guidance
NEW ORLEANS, Sept. 7 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, President and Chief
Executive Officer, and James O. Harp, Jr., Vice President and Chief Financial
Officer, will be participating in the Lehman Brothers CEO Energy / Power
Conference at the Waldorf-Astoria in New York City, to be held September 7-9,...
Diluted earnings per share were $0.09
Company raises earnings guidance for full-year 2004
NEW ORLEANS, Aug. 4 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today its results for the second quarter ended
June 30, 2004.
Second quarter revenues increased 16.5% to $30.3 million compared to
$26.0 million for the second quarter of 2003, primarily due to the increase in
the number of vessels in the Company'...
NEW ORLEANS, July 20 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its second quarter 2004
results at approximately 6:00 a.m. Eastern on Wednesday, August 4, 2004. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Wednesday, August 4, 2004
at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2004 Earnings Confe...
NEW ORLEANS, Aug. 2 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that its wholly-owned subsidiary, Hornbeck
Offshore Transportation, LLC has exercised the second of its three fixed-price
shipyard options for the construction of one additional 110,000-barrel double-
hulled tank barge. The vessel, which will be constructed by Manitowoc Marine
Group, is expected to be delivered during the second half of 2005. This will
be the fifth vessel -- the thi...
NEW ORLEANS, July 23 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that its wholly-owned subsidiary, Hornbeck
Offshore Transportation, LLC has signed a definitive agreement with LEEVAC
Industries, LLC for the construction of an additional 135,000-barrel double-
hulled tank barge. This vessel, which is expected to be delivered during the
fourth quarter of 2005, has already been committed to a long-term time
charter. Hornbeck has also committed one ...
NEW ORLEANS, July 20 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it will release its second quarter 2004
results at approximately 6:00 a.m. Eastern on Wednesday, August 4, 2004. In
conjunction with the release, the Company has scheduled a conference call,
which will be broadcast live over the Internet, on Wednesday, August 4, 2004
at 10:00 a.m. Eastern (9:00 a.m. Central).
What: Hornbeck Offshore Second Quarter 2004 Earnings Confe...
NEW ORLEANS, June 30 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that is has been added to the Russell 2000(R)
Index, a subset of the Russell 3000(R) Index.
The Russell 3000 Index measures the performance of the 3,000 largest U.S.
companies ranked by total market capitalization and represents approximately
98 percent of the investable U.S. equity market. The Russell 2000 Index
measures the performance of the 2,000 smallest companies within ...
NEW ORLEANS--(BUSINESS WIRE)--June 10, 2004--Hornbeck Offshore
Services, Inc. (NYSE:HOS) announced today that its 2004 annual meeting
of stockholders will be held on June 30, 2004, at 9:00 a.m. Central
Time at the Pan-American Life Conference Center, located at 601
Poydras Street in New Orleans, LA. Stockholders of record as of May
28, 2004 will be entitled to vote at the meeting. A detailed
description of the matters to be voted on at the annual meeting was
included in a proxy statement ...
NEW ORLEANS--(BUSINESS WIRE)--May 28, 2004--Hornbeck Offshore
Services, Inc. (NYSE: HOS) announced today that it has exercised its
option to purchase the HOS Hotshot, a newly constructed 165 foot fast
supply boat that it has been operating under a bareboat charter since
it was delivered in April 2003. In addition, the Company announced
that it has entered into a definitive agreement to purchase two 6,000
horsepower ocean-going tugs that were built in 1983. Hornbeck expects
to close the tu...
NEW ORLEANS--(BUSINESS WIRE)--May 25, 2004--Hornbeck Offshore
Services, Inc. (NYSE:HOS) announced today that two of its inside
directors, Christian G. Vaccari and Richard W. Cryar, have resigned
from the Board, effective immediately. Messrs. Vaccari and Cryar have
served as directors of Hornbeck Offshore since its inception in 1997.
Mr. Vaccari, who served as the Company's Chairman of the Board and
Chief Executive Officer until February 2002, is also the President and
Chairman of Cari Inv...
NEW ORLEANS--(BUSINESS WIRE)--May 6, 2004--Hornbeck Offshore
Services, Inc. (NYSE:HOS):
First Quarter Results
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today that
revenues for the quarter ended March 31, 2004 increased 14.7% to $31.3
million compared to $27.3 million for the same quarter in 2003.
Operating income was $8.8 million or 28.2% of revenues for the first
quarter of 2004, compared to $10.4 million or 37.9% of revenues for
the same quarter in 2003. First q...
NEW ORLEANS--(BUSINESS WIRE)--April 21, 2004--Hornbeck Offshore
Services, Inc. announced today that its first quarter 2004 earnings
release will be issued before the market opens on Thursday, May 6,
2004.
The Company will hold a conference call to discuss these results
at 9:00 a.m. (Central Time) on Thursday, May 6, 2004. To participate
in the call, callers in the United States/Canada can dial toll-free
(800) 642-9816 and international callers can dial (706) 679-3206. The
conferenc...
NEW ORLEANS, Mar 25, 2004 (BUSINESS WIRE) -- Hornbeck Offshore Services, Inc. ("Hornbeck" or "the Company") announced today that it priced the initial public offering of 6,000,000 shares of its common stock at $13.00 per share, for total gross proceeds of $78 million. The underwriters have a 30-day option to purchase up to 900,000 additional shares of common stock at the same price per share. The offering is expected to close on March 30, 2004, subject to customary conditions.
The Company's sha...
Click here for a printable version of the financial tables.
Hornbeck Offshore Services, Inc. (“Hornbeck” or the “Company”) announced today that revenues for the quarter ended December 31, 2003 increased 11.5 percent to $29.2 million compared to $26.2 million for the same quarter in 2002. Operating income was $8.4 million or 28.8 percent of revenues for the fourth quarter of 2003, compared to $9.5 million or 36.3 percent of revenues for the same quarter in 2002. Fourth quarter 2003 net inc...
Hornbeck Offshore Services, Inc. announced today that its fourth quarter 2003 earnings release will be issued before the market opens on Thursday, February 19, 2004.
The Company will hold a conference call to discuss these results at 1:00 p.m. (Central Time) on Thursday, February 19, 2004. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 5414767.
An...
Click here for a printable version of the financial tables.
Third Quarter Results
Hornbeck Offshore Services, Inc. ("Hornbeck" or the "Company") announced today that revenues for the quarter ended September 30, 2003 increased 26.5 percent to $28.2 million compared to $22.3 million for the same quarter in 2002. Operating income was $8.3 million or 29.4 percent of revenues for the third quarter of 2003, compared to $7.2 million or 32.3 percent of revenues for the same quarter in 2002....
Hornbeck Offshore Services, Inc. announced today that its third quarter 2003 earnings release will be issued before the market opens on Thursday, November 6, 2003.
The Company will hold a conference call to discuss these results at 1:00 p.m. (Central Time) on Thursday, November 6, 2003. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 3605637.
An arch...
Hornbeck Offshore Services, Inc. announced today that its third quarter 2002 earnings release will be issued before the market opens on Thursday, November 7, 2002. The Company will hold a conference call to discuss these results at 1:00 p.m. (Central Time) on Thursday, November 7, 2002. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 6126970. An archived versi...
Hornbeck Offshore Services, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
Hornbeck Offshore plans to use the net proceeds to the Company from the proposed offering to fund a portion of the costs of the construction of ocean-going, double-hulled tank barges, the retrofit of certain existing vessels, possible future acquisitions or additional new vessel constructi...
Click here for a printable version of the financial tables.
Hornbeck Offshore Services, Inc. ("Hornbeck" or "the Company") announced today that revenues for the quarter ended June 30, 2003 increased 22.1 percent to $26.0 million compared to $21.3 million for the same quarter in 2002. Operating income was $8.6 million or 33.1 percent of revenues for the second quarter of 2003, compared to $8.2 million or 38.5 percent of revenues for the same quarter in 2002. Second quarter 2003 net incom...
Second Quarter Results
Hornbeck Offshore Services, Inc. announced today that revenues for the quarter ended June 30, 2002 increased 39.2 percent to $21.3 million compared to $15.3 million for the same quarter in 2001. Operating income was $8.2 million or 38.6 percent of revenues for the second quarter of 2002, compared to $6.4 million or 42.1 percent of revenues for the same quarter in 2001. Second quarter 2002 net income was $2.8 million compared to net income of $3.1 million for the seco...
The Company will hold a conference call to discuss these results at 10:00 a.m. (Central Time) on Thursday, August 7, 2003. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 1924925.
An archived version of the call will be available for replay beginning at 12:00 noon (Central Time) Thursday, August 7, 2003 and ending at midnight Thursday, August 14, 2003. T...
Hornbeck Offshore Services, Inc. ("Hornbeck" or "the Company") announced today that it has acquired five 220-foot class deepwater offshore supply vessels ("OSVs") and their related business from Candy Marine Investment Corporation, an affiliate of Candy Fleet Corporation, (collectively, "Candy Fleet") for an undisclosed amount of cash and common stock of the Company. Candy Fleet is a privately held marine vessel operator in the Gulf of Mexico. Hornbeck funded the cash portion of the purchase pri...
Hornbeck Offshore Services, Inc. ("Hornbeck" or "the Company") announced today that its Board of Directors approved the adoption of a stockholder rights plan on June 18, 2003. The rights plan is designed to enable all Hornbeck stockholders to realize the full value of their investment and to provide for fair and equal treatment for all Hornbeck stockholders if an unsolicited attempt is made to acquire the Company. Hornbeck's Board of Directors adopted the rights plan as a matter of prudent corpo...
Click here for a printable version of the financial tables.
Hornbeck Offshore Services, Inc. ("Hornbeck" or "the Company") announced today that revenues for the quarter ended March 31, 2003 increased 20.3 percent to $27.3 million compared to $22.7 million for the same quarter in 2002. Operating income was $10.4 million or 38.1 percent of revenues for the first quarter of 2003, compared to $9.3 million or 41.0 percent of revenues for the same quarter in 2002. First quarter 2003 net incom...
Hornbeck Offshore Services, Inc. announced today that its first quarter 2003 earnings release will be issued before the market opens on Thursday, May 8, 2003. The Company will hold a conference call to discuss these results at 9:00 a.m. (Central Time) on Thursday, May 8, 2003.
To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 36406. An archived version of ...
Click here for a printable version of the financial tables.
Hornbeck Offshore Services, Inc. announced today that revenues for the quarter ended December 31, 2002 increased 20.7 percent to $26.2 million compared to $21.7 million for the same quarter in 2001. Operating income was $9.5 million or 36.3 percent of revenues for the fourth quarter of 2002, compared to $8.7 million or 40.1 percent of revenues for the same quarter in 2001. Fourth quarter 2002 net income was $3.3 million compare...
Hornbeck Offshore Services, Inc. announced today that its fourth quarter 2002 earnings release will be issued before the market opens on Thursday, February 27, 2003.
The Company will hold a conference call to discuss these results at 9:00 a.m. (Central Time) on Thursday, February 27, 2003. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 8374033.
An a...
Click here for a printable version of the financial tables.
Third Quarter Results
Hornbeck Offshore Services, Inc. announced today that revenues for the quarter ended September 30, 2002 increased 4.2 percent to $22.3 million compared to $21.4 million for the same quarter in 2001. Operating income was $7.2 million or 32.3 percent of revenues for the third quarter of 2002, compared to $8.8 million or 41.0 percent of revenues for the same quarter in 2001. Third quarter 2002 net incom...
Hornbeck Offshore Services, Inc. (the "Company") announced today that Patricia B. Melcher and David A. Trice have been appointed to its Board of Directors, effective October 10, 2002.
Since 1997, Ms. Melcher, 42, has served as the President of Allegro Capital Management, Inc., a privately owned investment company focused on private equity investments in energy-related companies. From 1989 to 1994, she worked for SCF Partners, L.P., an investment fund sponsor specializing in private equity ...
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New Orleans, Louisiana – (BUSINESS WIRE) — August 6, 2002
Second Quarter Results
Hornbeck Offshore Services, Inc. announced today that revenues for the quarter ended June 30, 2002 increased 39.2 percent to $21.3 million compared to $15.3 million for the same quarter in 2001. Operating income was $8.2 million or 38.6 percent of revenues for the second quarter of 2002, compared to $6.4 million or 42.1 percent of reven...
Hornbeck Offshore Services, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
Hornbeck Offshore plans to use the net proceeds to the Company from the proposed offering to fund a portion of the costs of the construction of additional OSVs under its current newbuild program, possible acquisitions, the retrofit of existing vessels or additional new vessel construction, ...
Hornbeck Offshore Services, Inc. announced today that it has dismissed Arthur Andersen LLP ("Andersen") as the Company's independent public accountants and auditors and engaged Ernst & Young LLP as its new independent public accountants and auditors effective June 24, 2002. The decision to change the Company's independent public accountants and auditors was approved by the Company's Board of Directors upon the recommendation of the Audit Committee. The Company's stockholders gave the Board of Di...
HORNBECK-LEEVAC Marine Services, Inc. announced today that it has changed its name to Hornbeck Offshore Services, Inc. The new corporate name was approved at the Company's recent annual meeting of stockholders. The name of the Company's tug and tank barge owning subsidiary, LEEVAC Marine, LLC, has also been changed to Hornbeck Offshore Transportation, LLC. The name changes are effective immediately.
Todd M. Hornbeck, President and CEO remarked, "These name changes will allow us to operate u...
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HORNBECK-LEEVAC Marine Services, Inc. announced today that revenues for the quarter ended March 31, 2002 increased 118.0 percent to $22.7 million compared to $10.4 million for the same quarter in 2001. Operating income was $9.3 million or 41.0 percent of revenues for the first quarter of 2002, compared to $4.0 million or 38.5 percent of revenues for the same quarter in 2001. First quarter 2002 net income was $3.5 million compar...
Hornbeck also announced today that it has contracted the 265-ft. class HOS Brimstone, currently scheduled for delivery in early June 2002, to one of its existing customers. Upon delivery, the vessel will immediately commence service under a one-year time charter, with two one-year renewal options, with a large international exploration and production company. The Company has had two of its other offshore supply vessels supporting this customer's deepwater exploratory drilling activities in the G...
On May 1, 2002, Hornbeck Offshore Services, LLC ("Hornbeck") signed a definitive agreement with LEEVAC Industries, LLC, for the construction of the first four vessels of our recently announced eight-vessel newbuild program. The contract provides for the delivery of all four of the 240-ft. DP-2 class deepwater offshore supply vessels during the second half of 2003. Aggregate construction costs for the first four vessels, before allocation of construction period interest, are expected to be approx...
HORNBECK-LEEVAC Marine Services, Inc. announced today that its Board of Directors has approved a new vessel construction program for its wholly-owned subsidiary, Hornbeck Offshore Services, LLC. This is the Company's third such program since its inception five years ago - the first two were seven and six vessel programs, respectively. The current plan is to build eight additional state-of-the-art, deepwater offshore supply vessels ("OSVs"), with construction of four 240-ft. DP-2 Class vessels to...
HORNBECK-LEEVAC Marine Services, Inc. announced today that the Board has made certain changes in its senior management. Todd M. Hornbeck has been appointed to the position of Chief Executive Officer in addition to his current position as President. Bernie W. Stewart has been elected Chairman of the Board and has entered into a consulting agreement with the Company. Carl G. Annessa, a Vice President of the Company, has been elected to the additional position of Chief Operating Officer. Mr. Christ...
The Company also announced today that it has taken delivery of the 240-ft. class HOS Dominator, its third vessel certified Dynamic Positioning Class II by the American Bureau of Shipping. The vessel was delivered into service, substantially on time and on budget, on February 20, 2002. Upon delivery, the vessel immediately commenced service under a three-year time charter, with a three-year renewal option, with Sonsub Inc., an affiliate of the ENI/Saipem Group, to support subsea completion servic...
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Fourth Quarter Results
HORNBECK-LEEVAC Marine Services, Inc. announced today that revenues for the quarter ended December 31, 2001 increased 117.0 percent to $21.7 million compared to $10.0 million for the same quarter in 2000. Operating income was $8.7 million or 40.1 percent of revenues for the fourth quarter of 2001, compared to $3.9 million or 39.0 percent of revenues for the same quarter in 2000. Fourth quarter 2001 n...
HORNBECK-LEEVAC Marine Services, Inc. announced today that its Registration Statement on Form S-4 was declared effective by the Securities and Exchange Commission on December 19, 2001. The Registration Statement relates to the Company's offer to exchange up to $175 million of its 10 5/8% Series B Senior Notes due 2008, the issuance of which has been registered under the Securities Act of 1933, for its 10 5/8% Series A Senior Notes due 2008. The Series A Notes were previously issued on July 24, 2...
,p>HORNBECK-LEEVAC Marine Services, Inc. announced today that its Registration Statement on Form S-4 was declared effective by the Securities and Exchange Commission on December 19, 2001. The Registration Statement relates to the Company's offer to exchange up to $175 million of its 10 5/8% Series B Senior Notes due 2008, the issuance of which has been registered under the Securities Act of 1933, for its 10 5/8% Series A Senior Notes due 2008. The Series A Notes were previously issued on July 24...
HORNBECK-LEEVAC Marine Services, Inc. responded today to recent inquiries from third parties on the impact, if any, of Enron Corp.'s (NYSE:ENE) bankruptcy on the Company's business.
Two of our 200-ft. class offshore supply vessels, the HOS Crossfire and the HOS Brigadoon, are currently under long-term charter to Mariner Energy, Inc., which is 96%-owned by an affiliate of Enron Corp. Mariner has been using these two vessels to service an offshore drilling rig it has chartered for drilling op...
Larry D. Hornbeck, former Chairman of the Board, President, Chief Executive Officer and founder of the original Hornbeck Offshore Services, Inc., has joined the Board of Directors of the Company effective August 22, 2001.
From its inception in 1981 until its merger with Tidewater, Inc. (NYSE: TDW) in March 1996, the original Hornbeck Offshore Services, Inc. was a publicly-held offshore supply vessel company. Following the merger, Mr. Hornbeck was also a director of Tidewater, Inc. from M...
HORNBECK-LEEVAC Marine Services, Inc. announced today that revenues for the quarter ended June 30, 2001 increased 68.1 percent to $15.3 million compared to $9.1 million for the same quarter in 2000. Operating income was $6.4 million or 41.8 percent of revenues for the second quarter of 2001, compared to $3.5 million or 38.4 percent of revenues for the same quarter in 2000. Second-quarter 2001 net income was $3.1 million, compared to net income of $0.8 million for the second-quarter 2000.
Fi...
HORNBECK-LEEVAC Marine Services, Inc. announced today that it has issued $175 million in senior unsecured notes due 2008 with a coupon of 10-5/8%. Moody's and Standard & Poors have assigned a B1/B+ rating to the notes and a B1/B+ senior implied corporate rating to the Company. The rating outlook is stable. The bonds will refinance all of the Company's existing debt and fund the remaining portion of its current deepwater OSV newbuild program.
Christian Vaccari, the Company's Chief Executive ...
Legal Notice
Hornbeck Offshore Services, Inc. has made reasonable efforts to provide accurate information on its web site, however, we cannot and do not warrant the accuracy, completeness or timeliness of the information contained therein. You should be aware that information contained in this web site may have become outdated. For example, our periodic reports filed with the Securities and Exchange Commission (SEC) speak only as of the periods for which they were filed as referenced therein and our press releases speak only as of the dates that we released them. Information that does not have a specified date is current only as of the date it was first posted to our web site. We undertake no obligation to update the information contained in this web site, our SEC filings or press releases.
Forward Looking Statements
This web site contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We believe that our expectations are based on reasonable assumptions. No assurances, however, can be given that our goals will be achieved. For a discussion of risks and other matters that could affect our future performance, please see the Management's Discussion and Analysis (MD&A) included in our latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. We undertake no obligation to update any forward-looking statements.
