Superior Energy Services (SPN) Tops Q1 EPS by 2c

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Go back to Superior Energy Services (SPN) Tops Q1 EPS by 2c

Superior Energy Services Announces First Quarter 2017 Results

April 25, 2017 4:16 PM EDT

HOUSTON, April 25, 2017 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the Company) today announced a net loss from continuing operations for the first quarter of 2017 of $89.7 million, or $0.59 per share, on revenue of $400.9 million.  This compares to a net loss from continuing operations of $166.3 million, or $1.10 per share for the fourth quarter of 2016, on revenue of $354.4 million and a net loss from continuing operations of $84.5 million, or $0.56 per share for the first quarter of 2016, on revenue of $413.1 million. 

David Dunlap, President and CEO, commented, The first quarter of 2017 marked a period of massive cyclical transition... More