20 Aug 2014production update● Neutral
Routine monthly fleet-status notice, same website-only pattern.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 July 2014production update● Neutral
Routine monthly fleet-status notice; no rig-level detail filed with the SEC, as oil prices had begun sliding through mid-2014.
23 July 2014quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $6.6 million for the period ended 2014-06-30.
23 July 2014quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $6.6 million for the period ended 2014-06-30.
19 June 2014material agreement termination▼ BadMajor
Hercules disclosed that Angola's Sonangol had rejected three straight proposed local compliance representatives, forcing termination of the Hercules 267's drilling contract there -- the rig had already sat at zero dayrate since April 2014, and losing the contract cuts an estimated $91.8 million from the company's backlog. (Corrected from contract_award: the filing describes a contract termination, not an award.)
20 May 2014production update● Neutral
Routine monthly fleet-status notice continuing the same reporting pattern.
23 Apr 2014quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $19.9 million for the period ended 2014-03-31.
23 Apr 2014quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $19.9 million for the period ended 2014-03-31.
22 Apr 2014production update● Neutral
Routine monthly fleet-status notice with no rig-level data filed with the SEC.
31 Mar 2014debt financing▲ GoodMajor
Hercules completed the refinancing, stripping covenants and lien protections from the old 7.125% notes and closing the new $300 million 6.750% notes sale -- the last of its debt-cost improvements before the downturn began.
28 Mar 2014agm 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).
28 Mar 2014agm notice● Neutral
HERCULES OFFSHORE, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Mar 2014production update● Neutral
Routine monthly fleet-status notice, same website-only reporting pattern.
18 Mar 2014debt financing▲ GoodMajor
Hercules sold $300 million of 6.750% notes due 2022 to fund a tender offer for its 7.125% secured notes from the 2012 Ocean Columbia financing -- its cost of debt kept falling into early 2014, just before the oil-price crash hit the industry.
13 Mar 2014agm 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).
20 Feb 2014production update● Neutral
Routine monthly fleet-status notice; rig dayrate and contract detail again posted only to the company website.
11 Feb 2014substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial HERCULES OFFSHORE, INC. shareholding (5.42% of votes).
6 Feb 2014quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $19.9 million for the period ended 2014-03-31.
29 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a HERCULES OFFSHORE, INC. shareholding of 9,544,513 shares (6.00% of votes) in a periodic institutional filing.
22 Jan 2014production update● Neutral
Routine monthly fleet-status notice continuing the same website-only reporting pattern.
18 Dec 2013production update● Neutral
Another routine monthly fleet-status notice; no rig-level data included in the SEC filing itself.
21 Nov 2013production update● Neutral
Same routine monthly fleet-status notice, with the underlying rig data posted only to the company website rather than filed with the SEC.
24 Oct 2013quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $25.3 million for the period ended 2013-09-30.
24 Oct 2013quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $25.3 million for the period ended 2013-09-30.
22 Oct 2013production update● Neutral
Hercules posted its regular monthly Fleet Status Report on its website as usual; no rig-level dayrate or contract detail was filed with the SEC this time, only the cover notice.
7 Oct 2013debt financing▲ GoodMajor
Hercules completed the refinancing, stripping most covenants from the old 10.50% notes via noteholder consent and closing the new $300 million 7.50% notes sale -- retiring its most expensive crisis-era debt.
23 Sept 2013debt financing▲ GoodMajor
Hercules sold $300 million of 7.50% notes due 2021 to fund a tender offer for its $300 million of 10.50% notes issued during the 2009 crisis -- a real improvement in its cost of debt.
16 Sept 2013production update● Neutral
Another rig was dispatched to assist with salvaging the damaged Hercules 265, even as Hercules kept signing new contracts at record rates (one letter of award reaching $127-129K).
23 Aug 2013quarterly activities report● Neutral
HERCULES OFFSHORE, INC. reported a quarterly net income of $25.3 million for the period ended 2013-09-30.
21 Aug 2013production update▼ BadMajor
The rig Hercules 265 sustained extensive damage and was pulled from the market -- a real casualty amid an otherwise still-strong rate cycle.