Hornbeck Offshore Service (HOS) Tops Q3 EPS by 22c

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Hornbeck Offshore Announces Third Quarter 2017 Results

November 1, 2017 4:30 PM EDT

COVINGTON, La., Nov. 1, 2017 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the third quarter ended September 30, 2017.  Following is an executive summary for this period and the Company's future outlook:

3Q2017 diluted EPS was $(0.51), an improvement of $0.02, or 4%, from 2Q2017 diluted EPS of $(0.53) 3Q2017 net loss was $(19.0) million, an improvement of $0.5 million, or 3%, from 2Q2017 net loss of $(19.5) million 3Q2017 EBITDA was $10.6 million, a decrease of $1.6 million, or 13%, from 2Q2017 EBITDA of $12.2 million 3Q2017 average new gen OSV dayrates were... More