Superior Energy Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 12:46 pm EDT
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Superior Energy Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 89.35 million compared to USD 80.17 million a year ago. Revenue was USD 210.39 million compared to USD 222.29 million a year ago. Net income was USD 32.75 million compared to USD 48.53 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 2.42 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 2.41 a year ago. Basic earnings per share was USD 1.63 compared to USD 2.42 a year ago. Diluted earnings per share was USD 1.62 compared to USD 2.42 a year ago.
For the nine months, sales was USD 260.32 million compared to USD 224.33 million a year ago. Revenue was USD 675 million compared to USD 644.86 million a year ago. Net income was USD 130.36 million compared to USD 115.87 million a year ago. Basic earnings per share from continuing operations was USD 6.46 compared to USD 5.8 a year ago. Diluted earnings per share from continuing operations was USD 6.45 compared to USD 5.78 a year ago. Basic earnings per share was USD 6.48 compared to USD 5.79 a year ago. Diluted earnings per share was USD 6.47 compared to USD 5.77 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. 
