Sunday, February 9, 2025

Superior Energy Services 2017 Q3 Earnings: Progress Despite Hurricanes

SPN: increase in customer demand and service intensity for U.S. land markets Superior Energy Services (ticker: SPN) released its Q3 Earnings today, announcing a net loss from continuing operations for the third quarter of 2017 of $57.2 million, or ($0.37) per share, on revenue of $506.0 million. This compares to a net loss from continuing operations of $62.0 million, or

Core Lab Reports 9% Production Enhancement Revenue Growth

HERO PerFRAC perforating system growing fast Core Laboratories (ticker: CLB) announced third quarter results today, showing net earnings of $21.1 million, or $0.48 per share. Core reports that revenue rose to $166.2 million, up 1.4% sequentially, while operating margins were 17%. Core’s third quarter results were affected by the recent hurricanes, even though damage to the company’s facilities were minor.

Hess Announces $2.6 Billion Offshore Asset Sales

Equatorial Guinea, Norway blocks depart Hess Despite the current focus on onshore operations, offshore A&D activity is not dead. Hess (ticker: HES) recently announced two major offshore sales, totaling over $2.6 billion. The first transaction, announced Monday, involves Hess interest in Equatorial Guinea. The company will transfer its properties to Kosmos Energy (ticker: KOS) and privately-held Trident Energy for a

Australian LNG Growth Has Not Been Without Problems

LNG demand exceeds domestic demand While U.S. LNG continues to gradually establish itself as proposed export plants move through the planning and execution stage, Australia became the second-largest LNG exporter in the world. Based on current projects, the country will become the world’s largest LNG exporter by 2019, surpassing Qatar. However, this expansion of its LNG export projects has not