Superior Energy Services (SPN) Tops Q2 EPS by 5c

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Go back to Superior Energy Services (SPN) Tops Q2 EPS by 5c

Superior Energy Services Announces Second Quarter 2016 Results

July 25, 2016 4:17 PM EDT

HOUSTON, July 25, 2016 /PRNewswire/ -- Superior Energy Services, Inc. (the "Company") today announced a net loss from continuing operations for the second quarter of 2016 of $468.6 million, or $3.09 per share, on revenue of $356.3 million.  This compares to a net loss from continuing operations for the first quarter of 2016 of $84.5 million, or $0.56 per share, on revenue of $413.1 million and a net loss from continuing operations for the second quarter of 2015 of $775.1 million, or $5.15 per share, on revenue of $710.8 million.

The Company reported a pre-tax expense of $460.3 million in reduction in value of assets, primarily related to an... More