- Hornbeck Offshore Services stock down -26.38% over LTM.
- The Company sold almost all of the tugs and barges to Genesis Marine, LLC, an affiliate of Genesis Energy L.P. (GEL) on August 29, 2013 for approximately $227.5 million.
- Hornbeck has one of the youngest fleets amongst its competitors. Competitors with older fleets will fail to win contracts for increasingly complex projects in the deepwater and ultra-deepwater markets.
- Hornbeck’s major focus was the Gulf of Mexico, but recently the Company has expanded into Brazil and Mexico.