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Hornbeck Offshore Services Article

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Latest Hornbeck Offshore Services News

Wash. boat builder files for Ch. 11

CNBC - The Whidbey Island boat maker said it was not able to borrow money to keep the business running after being sued by one of its largest creditors, Louisiana-based Hornbeck Offshore Services LLC, last year. Nichols Bros. owes Hornbeck $20 million ...

One Stock to Buy Today?

Motley Fool - Hornbeck Offshore Services went on my (Tim's) list in May 2006 after I listened to a presentation by Todd Hornbeck, the company's CEO, in New Orleans. Here was a company making money hand over fist. As the operator of the most technologically ...

Nichols Brothers Boat Builders files for bankruptcy

Seattle Post Intelligencer - It said its largest creditor is Hornbeck Offshore Services LLC, which holds a $20 million claim. It sued Nichols Brothers last year over a contract dispute. Closely held Nichols Brothers, based in Freeland, had revenue of $6.86 million in 2007 ...

Nichols Brothers Boat Builders seek bankruptcy shield

Seattle Times - A Louisiana company, Hornbeck Offshore Services, is suing Nichols over a $20 million contract. Nichols Brothers said it has more than $1 million in assets and more than 200 creditors. It did not give a total for its debts. The company said it has ...

Whidbey Island shipbuilder closes, laying off 250 workers

Columbian - Federal court records also show a multi-million dollar lawsuit from a Florida firm, Hornbeck Offshore Services LLC, alleging that Nichols Brothers failed to meet deadlines in a contract to build one boat for $12 million and another for $13 million. ...

Big boat builder may reopen soon

Seattle Post Intelligencer - In a second case, brought in June 2006, the yard agreed to build four vessels for Hornbeck Offshore Services Inc., the Covington, La., operator of a fleet of offshore craft used in the energy industry. Despite the personal guarantees of Chief ...

Shares of Hornbeck Offshore rise after posting stronger year-over-year ...

Forbes - NEW YORK (Thomson Financial) - Shares of Hornbeck Offshore Services Inc. rose Thursday after the company reported stronger year-over-year third-quarter results. Net income rose to $28.9 million, or $1.09 a share, from $23.9 million, or 86 cents a ...

Hornbeck: 2007 Profit to Rise Sharply

Forbes - Hornbeck Offshore Services Inc. expects full-year earnings to more than double due to a profitable acquisition and positive results so far this year, the offshore oil service company said Thursday. Hornbeck expects earnings before interest, taxes ...

Hornbeck 3Q profit up on purchase, rates

CNBC - COVINGTON, La. (AP) - Hornbeck Offshore Services Inc.'s earnings rose in the third quarter on a profitable acquisition and higher rates for its supply vessels, the offshore oil service company said Thursday. Net income rose 17 percent to $28.9 ...

Strong quarter for Hornbeck Offshore

KATC 3 - COVINGTON, La. -- Hornbeck Offshore Services Inc., which provides transportation for the offshore petroleum industry, saw its third-quarter profit streak by forecasts as demand increased from deepwater projects in the Gulf of Mexico, the company ...

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