Superior Energy Services Announces Second 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
Company Research
Source: GlobeNewswire
HOUSTON, July 23, 2019 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the second quarter of 2019 of $71.1 million, or $0.46 per share, on revenue of $436.3 million. This compares to a net loss from continuing operations of $47.7 million, or $0.31 per share, for the first quarter of 2019, on revenue of $467.2 million and a net loss from continuing operations of $25.4 million, or $0.16 per share for the second quarter of 2018, on revenue of $535.5 million. The Company reported a pre-tax expense of $31.4 million in reduction in value of assets, primarily related to an impairment of intangible assets in its Onshore Completion and Workover Services segment. The Company also recorded a pre-tax charge of $1.3 million related to restructuring costs. The resulting adjusted net loss for the second quarter was $46.0 million, or $0.29 per share. During the second quarter, the Company also recorded an additiona
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