Iberia Capital Downgrades Hornbeck Offshore (HOS) to Underperform
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Hornbeck Offshore Announces Second Quarter 2016 Results
August 3, 2016 4:38 PM EDTCOVINGTON, La., Aug. 3, 2016 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the second quarter ended June 30, 2016.  Following is an executive summary for this period and the Company's future outlook:
2Q2016 diluted EPS was $(0.57), an incremental loss of $0.36 from 1Q2016 diluted EPS of $(0.21) 2Q2016 revenues were $53.7 million, a decrease of $23.1 million, or 30%, from 1Q2016 revenues of $76.8 million 2Q2016 EBITDA was $6.9 million, a decrease of $21.3 million, or 76%, from 1Q2016 EBITDA of $28.2 million 2Q2016 operating loss was (40)% of... More