Stapleton Service News

Hornbeck Offshore 1Q Report

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the first quarter ended March 31, 2009. First quarter 2009 revenues increased 12.4% to $109.6 million compared to $97.5 million for the first quarter of 2008. Operating income was $45.4 million, or 41.4% of revenues, for the first quarter of 2009 compared to $37 million, or 37.9% of revenues, for the prior-year quarter. Net income for the first quarter of 2009 was $27.1 million, or $1.01 per diluted share, compared to $22.6 million, or $0.84 per diluted share for the year-ago quarter. EBITDA for the first quarter of 2009 was $60.3 million compared to first quarter 2008 EBITDA of $49.2 million.