Superior Energy Services Announces First Quarter 2019 Results
SUPERIOR ENERGY SERVICES INC (SPN)
Last superior energy services inc earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
ir.superiorenergy.com
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Source: GlobeNewswire
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the first quarter of 2019 of $47.7 million, or $0.31 per share, on revenue of $467.2 million. This compares to a net loss from continuing operations of $750.2 million, or $4.85 per share, for the fourth quarter of 2018, on revenue of $539.3 million and a net loss from continuing operations of $59.9 million, or $0.39 per share for the first quarter of 2018, on revenue of $482.3 million. David Dunlap, President and CEO, commented, “First quarter results were in line with our expectations. U.S. land revenues were sequentially lower as we operated fewer pressure pumping fleets due to a weak environment for pricing and utilization. U.S. offshore results were also lower as activity levels skewed towards lower margin drilling activity. Also, as expected, completion tools revenue in the Gulf of Mexico decreased during the quarter after a
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