Superior Energy Services (SPN) Tops Q4 EPS by 3c

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Go back to Superior Energy Services (SPN) Tops Q4 EPS by 3c

Superior Energy Services Announces Fourth Quarter and Full Year 2016 Results

February 21, 2017 5:17 PM EST

HOUSTON, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the Company) today announced a net loss from continuing operations for the fourth quarter of 2016 of $166.3 million, or $1.10 per share, on revenue of $354.4 million.  This compares to a net loss from continuing operations of $113.9 million, or $0.75 per share for the third quarter of 2016, on revenue of $326.2 million and a net loss from continuing operations of $214.5 million, or $1.43 per share for the fourth quarter of 2015, on revenue of $545.2 million. 

The Company recorded a pre-tax expense of $73.2 million in reduction in value of assets and other charges in... More