On Nov. 6, oil and gas driller and support firm Hercules Offshore
- Revenues increased 130% to $97.2 million on the back of the sound performance by domestic contract drilling services and domestic marine services.
- Earnings per share rose 119% to $0.90, and cash from operations increased 125% to $84.8 million.
- Management said the strong results are "a positive reflection of both our acquisition and marketing strategies."
- In domestic drilling services, the average daily revenue per rig rose to $84,776 in the third quarter of 2006 from $49,471 the previous year.
- Our Motley Fool CAPS players have given the stock three stars out of a possible five.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$97,212 |
$42,185 |
130.4% |
|
Net Profit |
$29,679 |
$10,110 |
193.6% |
|
EPS |
$0.90 |
$0.41 |
119.5% |
|
Diluted Shares |
33,070 |
24,630.6 |
34.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
65.9% |
48.3% |
17.5 |
|
Operating Margin |
49.1% |
29.9% |
19.2 |
|
Net Margin |
30.5% |
24.0% |
6.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $84,966 | $47,575 | 78.6% |
Accounts Rec. | $66,876 | $38,484 | 73.8% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $29,701 | $13,281 | 123.6% |
Long-Term Debt | $92,200 | $93,250 | (1.1%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $84,970 | $37,710 | 125.3% |
Capital Expenditures | $143,282 | $115,571 | 24.0% |
Free Cash Flow | ($58,312) | ($77,861) | N/A |
Find out why Fools always follow the money.
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(NYSE:BTE)
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