OverviewSuggest Edit

Superior Energy Services is a leading provider of specialized oilfield services and equipment, focused on serving the drilling and production-related needs of oil and gas companies as well as the plug and abandonment and decommissioning services required at the end of a well's life.
The world's energy producers rely on us for the services, tools, equipment and exceptionally trained personnel needed to enhance and maintain the production of oil and gas wells. We play a vital role in all phases of a well's lifecycle — drilling, production and decommissioning.

TypePublic
Founded1989
HQHouston, TX, US
Websitesuperiorenergy.com
Employee Ratings3.6
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)5,200(-21%)
Job Openings43
Revenue (FY, 2020)$851.3 M(-40%)
Share Price (Jan 2021)$0.1(-4%)
Cybersecurity ratingBMore

Key People/Management at Superior Energy Services

Pat Bernard

Pat Bernard

EVP
Brian Moore

Brian Moore

EVP
James Spexarth

James Spexarth

Chief Accounting Officer
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Superior Energy Services Office Locations

Superior Energy Services has offices in Houston, Arnaudville, Broussard, Harvey and in 8 other locations
Houston, TX, US (HQ)
El Paso Energy Building, 1001 Louisiana St #2900
Arnaudville, LA, US
190 Industries Ln
Broussard, LA, US
1110 Smede Hwy
Broussard, LA, US
1150 Smede Hwy
Broussard, LA, US
5801 Hwy 90 E
Harvey, LA, US
1215 Peters Rd
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Superior Energy Services Financials and Metrics

Superior Energy Services Revenue

Superior Energy Services's revenue was reported to be $851.31 m in FY, 2020
USD

Revenue (FY, 2020)

851.3m

Gross profit (FY, 2020)

271.2m

Gross profit margin (FY, 2020), %

31.9%

Net income (FY, 2020)

(396.2m)

EBIT (FY, 2020)

(172.0m)

Market capitalization (28-Jan-2021)

6.2m

Closing stock price (28-Jan-2021)

0.1

Cash (31-Dec-2020)

188.0m

EV

(141.5m)
Superior Energy Services's current market capitalization is $6.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.6b4.6b2.8b1.5b1.9b2.1b1.4b851.3m

Revenue growth, %

(1%)(39%)(48%)

Cost of goods sold

2.9b975.9m1.4b1.5b925.1m580.1m

Gross profit

1.7b474.1m475.4m628.2m500.3m271.2m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

424.9m435.4m414.0m510.8m565.3m966.8m1.2b1.1b1.2b1.2b1.1b1.2b917.2m710.8m601.4m413.1m356.3m326.0m400.9m470.1m506.0m482.3m535.5m573.1m467.2m436.3m425.7m321.5m183.9m

Cost of goods sold

229.9m232.3m233.8m271.4m301.1m546.8m708.6m707.5m711.9m748.1m651.6m650.3m721.7m582.2m465.5m420.5m285.3m258.6m258.0m296.4m322.8m340.0m343.5m369.8m404.4m330.2m296.4m294.2m211.7m128.8m

Gross profit

194.9m203.0m180.1m239.4m264.3m420.1m471.1m428.0m447.8m440.6m409.8m487.3m335.0m245.3m180.9m127.8m97.6m68.0m104.5m147.3m166.0m138.9m165.7m168.7m137.0m139.9m131.5m109.8m55.1m

Gross profit Margin, %

46%47%44%47%47%43%40%38%39%37%39%40%37%35%30%31%27%21%26%31%33%29%31%29%29%32%31%34%30%
Annual
USDY, 2009FY, 2010Y, 2010Y, 2011FY, 2011Y, 2012FY, 2012Y, 2013FY, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

206.5m50.7m50.7m80.3m80.3m91.2m91.2m196.0m196.0m393.0m393.0m564.0m564.0m187.6m172.0m158.1m272.6m188.0m

Accounts Receivable

452.5m540.6m1.0b937.2m926.8m428.5m398.1m447.4m332.0m184.0m

Prepaid Expenses

25.8m34.0m93.2m70.4m74.8m42.3m42.1m45.8m49.1m36.7m

Inventories

83.1m136.5m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

81.8m142.6m365.9m(111.4m)257.8m(1.9b)(886.9m)(205.9m)(858.1m)(255.7m)(396.2m)

Depreciation and Amortization

224.6m480.0m

Accounts Payable

20.3m40.3m(31.0m)(32.3m)36.5m(105.8m)3.7m23.6m8.9m(12.3m)(35.2m)

Cash From Operating Activities

456.0m492.8m1.0b892.8m1.0b632.6m61.3m103.8m165.1m146.4m2.2m
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Superior Energy Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Superior Energy Services Online and Social Media Presence

Embed Graph

Superior Energy Services Company Culture

  • Overall Culture

    F

    48/100

  • CEO Rating

    F

    42/100

  • Compensation

    D-

    47/100

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Superior Energy Services News and Updates

Superior Energy Services Announces First Quarter 2020 Results

HOUSTON, May 21, 2020 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (NYSE: SPN) (the “Company”) today announced a net loss from continuing operations for the first quarter of 2020 of $32.3 million, or $2.18 per share, on revenue of $321.5 million.  This compares to a net loss from continuing …

Superior Energy Services Announces Further Extension Of Expiration Time And Waiver Of Minimum Tender Condition For Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.

HOUSTON, Feb. 14, 2020 /PRNewswire/ -- Superior Energy Services, Inc. ("Superior Energy") (NYSE: SPN) today announced that its wholly owned subsidiary, SESI, L.L.C. ("SESI"), has elected to further extend the expiration time (as extended, the "Expiration Time") for its previously...

Superior Energy Services Announces Amended Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.

HOUSTON, Jan. 31, 2020 /PRNewswire/ -- Superior Energy Services, Inc. ("Superior Energy") (NYSE: SPN) today announced that its wholly owned subsidiary, SESI, L.L.C. ("SESI" or the "Issuer"), has amended certain terms of its previously announced offer to exchange its Original Notes to...

Superior Energy Services Announces Agreement In Principle With Ad Hoc Group Of Bondholders In Connection With Exchange Offer And Consent Solicitation For Senior Notes Of SESI, L.L.C.

HOUSTON, Jan. 27, 2020 /PRNewswire/ -- Superior Energy Services, Inc. ("Superior Energy") (NYSE: SPN) today announced that its wholly owned subsidiary, SESI, L.L.C. ("SESI" or the "Issuer"), has reached an agreement in principle with a steering committee (the "Steering Committee") of...

Bayside Capital, Inc. Disclosure Of Information Provided By Superior Energy Services, Inc.

NEW YORK, Jan. 27, 2020 /PRNewswire/ -- Pursuant to the terms of that certain Letter Agreement, dated January 20, 2020 (the "Confidentiality Agreement"), Bayside Capital, Inc. ("Bayside"), is disclosing certain confidential information regarding Superior Energy Services, Inc. (together...

Superior Energy Services Announces 2019 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

HOUSTON, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (NYSE: SPN) (“Superior Energy” or the “Company”) announced today that it will release its fourth quarter and full year 2019 results on Wednesday, February 19, 2020 after the market closes.  In conjunction with the release, t…
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Superior Energy Services Blogs

Superior Energy Announces Appointment of EVP, Chief Financial Officer and Treasurer

Superior Energy Announces Appointment of EVP, Chief Financial Officer and Treasurer Katherine.Howe… Tue, 08/24/2021 - 13:47 Superior Energy Announces Appointment of EVP, Chief Financial Officer and Treasurer Aug 24,2021 This release is a backfill from a News W…

Superior Energy Announces Management Changes

HOUSTON—March 22, 2020--Superior Energy Services, Inc. (the “Company”) today announced the resignations of David Dunlap, president and chief executive officer and a member of its board of directors, and Westy Ballard, executive vice president, chief financial officer and treasurer.  Mr.

Superior Energy Successfully Completes Financial Restructuring and Emerges From Chapter 11

HOUSTON --(BUSINESS WIRE)--Feb. 2, 2021-- Superior Energy Services (“Superior” or the “Company”) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S.

Superior Energy Announces Bankruptcy Court Confirmation of Its Plan of Reorganization; $1.3 Billion in Debt to Be Converted Into Equity

HOUSTON --(BUSINESS WIRE)--Jan. 19, 2021-- Superior Energy Services (OTCQX: SPNX) (“Superior” or the “Company”) announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Company’s $1.3 billion in debt would be converted into

Superior Energy Advances Comprehensive Restructuring Plan as Anticipated With Voluntary Filing of Chapter 11

Furthers Financial Recapitalization Process to Convert Company’s $1.3 billion Funded Debt into Equity Files “Pre-Packaged” Chapter 11 to Implement Amended and Restated Restructuring Support Agreement with Holders of approximately 85% of Company’s Senior Unsecured Notes Continues to Conduct Business

Superior Energy Reaches Agreement With Holders of 69.2% of Senior Notes on Terms of Comprehensive Financial Recapitalization to Convert All of the Company’s $1.3 Billion of Funded Indebtedness Into Equity

Financial Recapitalization Expected to be Implemented through “Pre-Packaged” Chapter 11 Process and Will Convert All $1.3 Billion of Company’s Funded Debt into Equity Superior Will Continue to Conduct Business As Usual With Customers, Vendors and Employees Company Will Have Strong Post-Emergence
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Superior Energy Services Frequently Asked Questions

  • When was Superior Energy Services founded?

    Superior Energy Services was founded in 1989.

  • Who are Superior Energy Services key executives?

    Superior Energy Services's key executives are Pat Bernard, Brian Moore and James Spexarth.

  • How many employees does Superior Energy Services have?

    Superior Energy Services has 5,200 employees.

  • What is Superior Energy Services revenue?

    Latest Superior Energy Services annual revenue is $851.3 m.

  • What is Superior Energy Services revenue per employee?

    Latest Superior Energy Services revenue per employee is $163.7 k.

  • Who are Superior Energy Services competitors?

    Competitors of Superior Energy Services include NexTier Oilfield Solutions, Select Energy Services and Baker Hughes.

  • Where is Superior Energy Services headquarters?

    Superior Energy Services headquarters is located at El Paso Energy Building, 1001 Louisiana St #2900, Houston.

  • Where are Superior Energy Services offices?

    Superior Energy Services has offices in Houston, Arnaudville, Broussard, Harvey and in 8 other locations.

  • How many offices does Superior Energy Services have?

    Superior Energy Services has 16 offices.