Superior Energy Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 03:26 pm EDT
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Superior Energy Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 80.17 million compared to USD 59.42 million a year ago. Revenue was USD 222.29 million compared to USD 178.58 million a year ago. Net income was USD 48.53 million compared to net loss of USD 45.2 million a year ago. Basic earnings per share from continuing operations was USD 2.42. Diluted earnings per share from continuing operations was USD 2.41. Basic earnings per share was USD 2.42. Diluted earnings per share was USD 2.42.
For the nine months, sales was USD 224.33 million compared to USD 158.41 million a year ago. Revenue was USD 644.86 million compared to USD 496.25 million a year ago. Net income was USD 115.87 million compared to USD 135.95 million a year ago. Basic earnings per share from continuing operations was USD 5.8. Diluted earnings per share from continuing operations was USD 5.78. Basic earnings per share was USD 5.79. Diluted earnings per share was USD 5.77.
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. 
