Hercules Offshore operating loss narrows to $12.39 million in October

By Caroline Salls

Pittsburgh, Nov. 21 – Hercules Offshore, Inc. reported a $12.39 million operating loss for October on zero revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compared to a $16.09 million operating loss posted for September on $789,242 in total revenue.

The net loss for October was $15.01 million, narrowing from an $18.41 million September net loss.

The company had $130.24 million in cash as of Oct. 31, down from $136.61 million at the end of September.

Hercules, a Houston-based provider of offshore drilling equipment and services, filed bankruptcy on June 6. The Chapter 11 case number is 16-11385.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.