Hornbeck Offshore Services, Inc. (NYSE:HOS) results for the third quarter ended September 30, 2010 got a boost from its efforts in the Deepwater Horizon incident response. But as these efforts are wrapped up, Hornbeck is looking to stack some of the vessels involved. Third quarter revenues showed a 39 percent year-over-year increase, attributable to a larger fleet and oil spill relief efforts. Those response efforts accounted for 46 percent of third quarter consolidated revenue for the quarter. In terms of vessel days worked, spill response accounted for 96 percent of activity for Hornbeck's MPSV's, 54 percent of TTB activity and 22 percent of OSV activity.
Source: MARINELOG
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