Superior Energy: 4Q Earnings Snapshot

February 19, 2019

HOUSTON (AP) _ Superior Energy Services Inc. (SPN) on Monday reported a fourth-quarter loss of $750.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of $4.85. Losses, adjusted for non-recurring costs, came to 20 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The oilfield services company posted revenue of $539.3 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $517.7 million.

For the year, the company reported that its loss widened to $858.1 million, or $5.56 per share. Revenue was reported as $2.13 billion.

Superior Energy shares have increased 60 percent since the beginning of the year. The stock has declined 40 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPN at https://www.zacks.com/ap/SPN