Superior Energy Services, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 07, 2024 at 07:54 pm EST
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Superior Energy Services, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 117.82 million compared to USD 105.9 million a year ago. Revenue was USD 244.43 million compared to USD 239.1 million a year ago. Net income was USD 44.66 million compared to USD 170.6 million a year ago. Basic earnings per share from continuing operations was USD 2.22 compared to USD 8.73 a year ago. Diluted earnings per share from continuing operations was USD 2.21 compared to USD 8.69 a year ago. Basic earnings per share was USD 2.22 compared to USD 8.51 a year ago. Diluted earnings per share was USD 2.21 compared to USD 8.48 a year ago.
For the full year, sales was USD 452.25 million compared to USD 402.94 million a year ago. Revenue was USD 919.42 million compared to USD 883.96 million a year ago. Net income was USD 175.02 million compared to USD 286.47 million a year ago. Basic earnings per share from continuing operations was USD 8.68 compared to USD 14.53 a year ago. Diluted earnings per share from continuing operations was USD 8.66 compared to USD 14.49 a year ago. Basic earnings per share was USD 8.7 compared to USD 14.31 a year ago. Diluted earnings per share was USD 8.68 compared to USD 14.26 a year ago.
Superior Energy Services Inc. is a provider of oilfield services and equipment to the energy industry. The Company serves, national and independent oil and natural gas exploration and production companies. The Company operates four business segments: drilling products and services; onshore completion and workover services; production services and technical solutions. It operates in land and offshore in the United States and international. The Companyâs drilling products and services includes downhole drilling tools and surface rentals. Its onshore completion and workover services includes fluid management and workover services. Its production services includes intervention services include intervention services to enhance, maintain and extend oil and gas production. Its technical solutions include products and services with their applications, which require specialized engineering, manufacturing or project planning.
SUPERIOR ENERGY SERVICES, INC. 