Recap: Superior Energy Services Q1 Earnings

Shares of Superior Energy Services SPN rose 4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 151.61% year over year to ($0.78), which beat the estimate of ($0.99).

Revenue of $321,497,000 declined by 31.18% from the same period last year, which beat the estimate of $315,700,000.

Guidance

Superior Energy hasn't issued any earnings guidance for the time being.

Superior Energy hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 21, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/d8375nm6

Price Action

Company's 52-week high was at $5.95

Company's 52-week low was at $0.07

Price action over last quarter: down 75.00%

Company Description

Superior Energy Services Inc provide a variety of services and products to the energy industry. It serves major, national and independent oil and natural gas exploration and production companies around the world. It has four business segments: Drilling Products and Services includes downhole drilling tools and surface rentals; Onshore Completion and Workover Services includes fluid management and workover services; Production Services includes intervention services; and Technical Solutions includes products and services that generally address customer-specific needs with their applications, which typically require specialized engineering, manufacturing or project planning expertise.