Hornbeck Offshore Services reported a first-quarter loss that was less severe than analysts had predicted and said it sold its last non-core offshore vessel.

The New York-listed offshore vessel owner reported a loss of $7.51m for the period, reversing a $35.9m profit in the same period of last year, when the bottom line was lifted by vessel sales.

The result amounted to a per-share loss of $0.21,