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Superior Energy Services Inc (SPN.N)

SPN.N on New York Stock Exchange

9.81USD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Superior Energy Services Posts Q4 Adj. Loss $0.33/Shr From Continuing Operations
Monday, 19 Feb 2018 05:35pm EST 

Feb 19 (Reuters) - Superior Energy Services Inc ::SUPERIOR ENERGY SERVICES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.14 FROM CONTINUING OPERATIONS.Q4 REVENUE $497 MILLION.Q4 ADJUSTED LOSS PER SHARE $0.33 FROM CONTINUING OPERATIONS.SUPERIOR ENERGY SERVICES - ‍ RECORDED A PROVISIONAL INCOME TAX BENEFIT OF $76.5 MILLION DURING Q4 DUE TO ENACTMENT OF U.S. TAX ACT​.‍SOLD LESS PROPPANT DURING Q4, WHICH IMPACTED REVENUE.‍REVENUE WAS LOWER IN GULF OF MEXICO, PRIMARILY DUE TO LOWER COMPLETION SERVICES ACTIVITY​.‍ A GULF OF MEXICO SUBSEA WELL INTERVENTION PROJECT WAS SUSPENDED AFTER A SUBCONTRACTED CONTROL SYSTEM FAILED​.‍ EXPECT TO RESUME COMMERCIAL OPERATIONS DURING SECOND HALF OF 2018 FOR GULF OF MEXICO SUBSEA WELL INTERVENTION PROJECT​.Q4 EARNINGS PER SHARE VIEW $-0.32, REVENUE VIEW $509.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Superior Energy Names Westervelt Ballard Jr. As CFO
Monday, 29 Jan 2018 06:00am EST 

Jan 29 (Reuters) - Superior Energy Services Inc ::SUPERIOR ENERGY NAMES WESTERVELT T. BALLARD, JR. AS CHIEF FINANCIAL OFFICER AND JAMES W. SPEXARTH AS CHIEF ACCOUNTING OFFICER.SUPERIOR ENERGY SERVICES INC - ‍ BALLARD WILL SUCCEED ROBERT S. TAYLOR​.  Full Article

Superior Energy Services entered fifth amended and restated credit agreement on Oct 20 - SEC filing​
Monday, 23 Oct 2017 05:30pm EDT 

Oct 23 (Reuters) - Superior Energy Services Inc :Superior Energy Services - co entered into a fifth amended and restated credit agreement dated as of October 20, 2017 - SEC filing​.Superior Energy Services Inc - ‍agreement provides for a $300.0 million asset-based secured revolving credit facility ​.Superior Energy Services Inc - ‍credit facility will mature on October 20, 2022​.Superior Energy Services - ‍new revolving credit facility replaced SESI's existing $300 million revolving credit facility.  Full Article

Superior Energy Services reports Q3 adjusted loss per share $0.33 from continuing operations
Monday, 23 Oct 2017 04:38pm EDT 

Oct 23 (Reuters) - Superior Energy Services Inc :Superior energy services announces third quarter 2017 results.Q3 loss per share $0.37 from continuing operations.Q3 revenue $506 million versus I/B/E/S view $511 million.Q3 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S.Q3 adjusted loss per share $0.33 from continuing operations.Superior Energy Services Inc - estimates that Hurricane Harvey related interruptions impacted pre-tax losses by approximately $5.0 million​ in quarter.  Full Article

Superior Energy Services reports pricing of $500 mln senior notes offering
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Superior Energy Services Inc ::Superior Energy Services announces pricing of $500 million senior notes offering.Superior Energy Services- ‍subsidiary has priced $500 million aggregate principal amount of 7 3/4 pct senior notes due 2024​.  Full Article

Superior Energy Services announces senior notes offering
Thursday, 3 Aug 2017 07:10am EDT 

Aug 3 (Reuters) - Superior Energy Services Inc ::Superior energy services announces senior notes offering.Superior energy services says its unit intends to offer for sale $500 million aggregate principal amount of its senior notes due 2024 in a private placement.Superior energy services- ‍to use net proceeds of notes offering and cash on hand to redeem $500 million of SESI's outstanding 6 3/8% senior notes due 2019​.  Full Article

Superior Energy Services Q2 loss per share $0.41 from continuing operations
Tuesday, 25 Jul 2017 04:15pm EDT 

July 25 (Reuters) - Superior Energy Services Inc ::Superior Energy Services announces second quarter 2017 results.Q2 loss per share $0.41 from continuing operations.Q2 revenue $470.1 million versus I/B/E/S view $462.3 million.Q2 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S.Superior Energy Services - ‍in quarter,in gulf of mexico, sand control completion services work continued to increase, as did hydraulic workover,snubbing activity​.Superior Energy Services Inc - U.S. land revenue was $317.9 million in Q2 of 2017, a 23 pct increase as compared with revenue of $258.7 million in Q1 of 2017.Superior Energy Services- ‍drilling activity continued to slow in international markets in quarter.Superior Energy Services Inc - ‍well control activity was also lower internationally during quarter​.Superior Energy Services Inc - qtrly revenues $470.1 million versus $356.3 million.Superior Energy Services Inc - ‍U.S. Land business has experienced significant improvement through first half of 2017​.Superior Energy Services Inc - ‍now expect our capital expenditures for year to be within a range of $125 - $150 million dollars​.  Full Article

Superior Energy Services reports Q1 loss per share $0.59 from continuing operations
Tuesday, 25 Apr 2017 04:16pm EDT 

April 25 (Reuters) - Superior Energy Services Inc -:Superior Energy Services announces first quarter 2017 results.Q1 loss per share $0.59 from continuing operations.Q1 revenue $400.9 million versus i/b/e/s view $388.5 million.Q1 earnings per share view $-0.60 -- Thomson Reuters I/B/E/S.Superior Energy Services Inc - "q1 of 2017 marked a period of massive cyclical transition in us land markets".  Full Article

Superior Energy Services reports Q4 loss per share $1.10 from continuing operations
Tuesday, 21 Feb 2017 05:17pm EST 

Superior Energy Services Inc - : Superior Energy Services announces fourth quarter and full year 2016 results . Q4 loss per share $1.10 from continuing operations . Q4 revenue $354.4 million versus I/B/E/S view $339.1 million . Q4 earnings per share view $-0.77 -- Thomson Reuters I/B/E/S . Q4 adjusted loss per share $0.74 from continuing operations . Superior Energy Services Inc - recorded a pre-tax expense of $73.2 million in reduction in value of assets and other charges in Q4 of 2016 . "our industry continued to transition toward recovery in U.S. Land markets during Q4" .Superior Energy Services Inc - "seems that we have entered early days of next upcycle in U.S. Land markets".  Full Article

Superior Energy Services enters into amendment to fourth amended and restated credit agreement
Monday, 13 Feb 2017 08:50am EST 

Superior Energy Services Inc : On Feb 10, entered into third amendment to fourth amended and restated credit agreement and security agreement - sec filing . Amendment reduces size of credit facility from $400 million to $300 million with a $100 million accordion-sec filing .Agreement to amend financial covenants, in part to suspend interest coverage ratio until Q3 of 2017.  Full Article