Superior Energy Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 02:42 pm EDT
Share
Superior Energy Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 85.36 million compared to USD 76.99 million a year ago. Revenue was USD 244.47 million compared to USD 224.64 million a year ago. Net income was USD 67.4 million compared to USD 41.62 million a year ago. Basic earnings per share from continuing operations was USD 3.35 compared to USD 2.18 a year ago. Diluted earnings per share from continuing operations was USD 3.35 compared to USD 2.17 a year ago. Basic earnings per share was USD 3.35 compared to USD 2.08 a year ago. Diluted earnings per share was USD 3.35 compared to USD 2.07 a year ago.
For the six months, sales was USD 170.97 million compared to USD 144.16 million a year ago. Revenue was USD 464.61 million compared to USD 422.57 million a year ago. Net income was USD 97.61 million compared to USD 67.34 million a year ago. Basic earnings per share from continuing operations was USD 4.84 compared to USD 3.38 a year ago. Diluted earnings per share from continuing operations was USD 4.83 compared to USD 3.37 a year ago. Basic earnings per share was USD 4.85 compared to USD 3.37 a year ago. Diluted earnings per share was USD 4.85 compared to USD 3.36 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. 
