CapitalOne Downgrades Hornbeck Offshore (HOS) to Equal-weight

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Hornbeck Offshore Announces First Quarter 2016 Results

May 4, 2016 4:30 PM EDT

COVINGTON, La., May 4, 2016 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the first quarter ended March 31, 2016.  Following are highlights for this period and the Company's future outlook:

1Q2016 diluted EPS was $(0.21), an incremental loss of $0.14 from 4Q2015 diluted EPS of $(0.07) 1Q2016 revenues were $76.8 million, a decrease of $11.9 million, or 13%, from 4Q2015 revenues of $88.7 million 1Q2016 EBITDA was $28.2 million, a decrease of $4.0 million, or 12%, from 4Q2015 EBITDA of $32.2 million 1Q2016 operating loss was (1)% of revenues, down from 4Q2015... More