Hornbeck Offshore Service (HOS) Misses Q3 EPS by 8c

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Go back to Hornbeck Offshore Service (HOS) Misses Q3 EPS by 8c

Hornbeck Offshore Announces Third Quarter 2015 Results

October 28, 2015 5:23 PM EDT

COVINGTON, La., Oct. 28, 2015 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the third quarter ended September 30, 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) Excluding gain on sale of assets, 3Q2015 diluted EPS was $0.21, a decrease of $0.32, or 60%, sequentially... More