Hornbeck Offshore Ride High on Q2 2014 Results
Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014. Vessel Counts: As of June 30, 2014, excluding two inactive non-core vessels and two HOSMAX OSV newbuild deliveries that occurred in July 2014, the Company's operating fleet consisted of 56 new generation OSVs and four MPSVs. The forecasted Upstream vessel counts presented in this press release reflect the anticipated fiscal 2014 OSV and MPSV newbuild deliveries discussed below. The Company's active Upstream fleet for fiscal years 2014 and 2015 is expected to be comprised of an average of 58.0 and 67.6 new generation OSVs, respectively.
Royal Caribbean Reports First Quarter Results
Royal Caribbean Cruises Ltd. Net Yields increased 7.0% on a Constant-Currency basis (+6.4% As-Reported). Consistent with prior guidance, approximately 350 basis points of the Net Yield improvement and approximately 500 basis points of the NCC excluding fuel increase during the quarter related to previously announced deployment initiatives and changes to the company's distribution system. As expected, booking activity has continued to gradually improve over the last several months. Since the company's earnings announcement on February 2, 2012, the price of oil has risen which, at current levels and net of hedging, would increase bunker expenses $0.15 per share for the year. Net Yields are expected to increase 4% to 5% on a Constant-Currency basis (+2% to + 3% As-Reported).
Royal Caribbean 55% Increase in Q3
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) announced a 55% year-over-year increase in third quarter earnings, provided higher earnings guidance for full year 2010 and commented on 2011. o Third quarter 2010 net income increased 55% year-over-year to $356.8 million, or $1.64 per share. o Third quarter close-in bookings were stronger than expected while operating costs and fuel consumption were lower. o Third quarter Net Yields increased 5.2%, (7.2% on a Constant Currency basis). o Third quarter Net Cruise Costs excluding fuel per APCD (“NCC ex. fuel”) declined 2.8%, (1.2% on a Constant Currency basis). o Net Yields are…
