5 Nov 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $95.4 million for the period ended 2015-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Oct 2015production update● Neutral
Routine monthly fleet-status notice continuing during the Chapter 11 case.
22 Sept 2015production update● NeutralMajor
As part of its Chapter 11 disclosures, Hercules released its own financial projections: continued losses through 2016 (including a $287 million 2015 net loss) before an assumed return to profitability in 2017-2018 on a post-restructuring balance sheet carrying about $440 million of long-term debt. (Likely misclassified as production_update: this exhibit is a bankruptcy-related financial projection, not a fleet status report.)
27 Aug 2015listing compliance notice● NeutralMajor
HERCULES OFFSHORE, INC.'s exchange filed to remove a class of its securities from listing.
25 Aug 2015production update● Neutral
Routine monthly fleet-status notice, now filed while Hercules operated as a debtor-in-possession under Chapter 11.
17 Aug 2015bankruptcy or receivership▼ BadMajor
Hercules and its U.S. subsidiaries filed the voluntary Chapter 11 petitions contemplated by June's restructuring agreement, and Nasdaq delisted the stock (which the company did not appeal) -- the first bankruptcy, executed as a pre-negotiated plan expected to wipe out existing equity within 45-60 days while trade creditors are paid in full.
23 July 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $88.3 million for the period ended 2015-06-30.
23 July 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $88.3 million for the period ended 2015-06-30.
10 July 2015substantial holder notice● Neutral
BlackRock, Inc reported a HERCULES OFFSHORE, INC. shareholding of 3,937,089 shares (2.40% of votes) in a periodic institutional filing.
23 June 2015production update● Neutral
Routine monthly fleet-status notice filed days before Hercules signed its Chapter 11 restructuring support agreement.
17 June 2015debt financing▼ BadMajor
Hercules and more than two-thirds of its noteholders agreed to a pre-packaged Chapter 11 restructuring that would wipe out roughly $1.2 billion of notes and its remaining 2038 convertibles in exchange for new equity and $450 million of new first-lien debt (partly to finish the newbuild rig Hercules Highlander) -- the company's first bankruptcy filing is now just a formality away.
26 May 2015agm notice● Neutral
HERCULES OFFSHORE, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
19 May 2015production update● Neutral
Routine monthly fleet-status notice, same website-only reporting pattern.
29 Apr 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $57.1 million for the period ended 2015-03-31.
29 Apr 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $57.1 million for the period ended 2015-03-31.
22 Apr 2015production update● Neutral
Routine monthly fleet-status notice, continuing after the Nasdaq bid-price compliance warning.
1 Apr 2015agm notice● Neutral
HERCULES OFFSHORE, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
30 Mar 2015listing compliance notice▼ BadMajor
Nasdaq warned Hercules that its stock had closed below the $1.00 minimum bid price for 30 straight days, starting a 180-day clock (to September 21, 2015) to regain compliance or face delisting -- a classic penny-stock distress signal as the oil-price crash deepened.
23 Mar 2015production update● Neutral
Routine monthly fleet-status notice, filed days before Nasdaq's minimum-bid-price warning to the company.
19 Feb 2015production update● Neutral
Routine monthly fleet-status notice continuing the same pattern.
12 Feb 2015quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $57.1 million for the period ended 2015-03-31.
10 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a HERCULES OFFSHORE, INC. shareholding of 7,215,526 shares (4.48% of votes) in a periodic institutional filing.
30 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a HERCULES OFFSHORE, INC. shareholding of 9,537,465 shares (5.90% of votes) in a periodic institutional filing.
22 Jan 2015production update● Neutral
Routine monthly fleet-status notice with no rig-level data filed with the SEC.
16 Dec 2014production update● Neutral
Routine monthly fleet-status notice, same website-only reporting pattern.
18 Nov 2014production update● Neutral
Routine monthly fleet-status notice; no rig-level detail filed with the SEC.
23 Oct 2014quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $88.6 million for the period ended 2014-09-30.
23 Oct 2014production update● Neutral
Announced its monthly fleet status report. The 8-K attaches no exhibit - the report itself was posted only to the company website - so the filed record carries no rig, dayrate or utilisation figures.
23 Oct 2014quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $88.6 million for the period ended 2014-09-30.
17 Sept 2014production update● Neutral
Routine monthly fleet-status notice with no rig-level data in the SEC filing.