Superior Energy Services, Inc. (SPN) Financial Statements (2026 and earlier)

Company Profile

Business Address 1001 LOUISIANA STREET, SUITE 2900
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments391,684258,999314,974188,006272,624158,050
Cash and cash equivalent391,684258,999314,974188,006272,624158,050
Receivables287,410256,473187,531192,855332,787447,353
Inventory, net of allowances, customer advances and progress billings74,99565,58760,60386,723103,939107,305
Inventory74,99565,58760,60386,723103,939107,305
Prepaid expense18,61417,29915,86136,65149,13245,802
Disposal group, including discontinued operation  11,97837,52847,635216,197 
Other current assets7,9226,2766,701 166,761167,502
Other undisclosed current assets   25,7359,418(153,071)(153,107)
Total current assets:780,625616,612648,933561,288988,369772,905
Noncurrent Assets
Operating lease, right-of-use asset 15,97218,79725,15450,19280,906✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization294,960282,376356,274542,090664,9491,109,126
Long-term investments and receivables69,00569,67960,58872,61268,09263,993
Accounts and financing receivable, after allowance for credit loss69,00569,67960,58872,61268,09263,993
Intangible asset, including goodwill, after accumulated amortization   8,564145,967146,769218,995
Goodwill    138,677137,695136,788
Intangible asset, excluding goodwill, after accumulated amortization   8,5647,2909,07482,207
Restricted cash and investments85,44480,10879,56180,1782,7645,698
Deferred costs    15,01315,49913,306
Deferred income tax assets67,24197,492   ✕
Other noncurrent assets27,74625,948    
Other undisclosed noncurrent assets   20,43433,73925,88231,939
Total noncurrent assets:560,368574,400550,575939,7911,004,8611,443,057
TOTAL ASSETS:1,340,9931,191,0121,199,5081,501,0791,993,2302,215,962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities141,996148,145159,962186,205275,900359,239
Taxes payable✕✕✕   734
Accounts payable38,21431,57043,08055,87392,966139,325
Accrued liabilities103,782116,575116,882130,332182,934219,180
Asset retirement obligation21,6319,770 3,7653,6493,538
Disposal group, including discontinued operation    4,07944,938 
Other undisclosed current liabilities20,22015,0315,607   
Total current liabilities:183,847172,946165,569194,049324,487362,777
Noncurrent Liabilities
Long-term debt and lease obligation   19,19340,2581,348,9831,282,921
Long-term debt, excluding current maturities     1,286,6291,282,921
Liabilities, other than long-term debt202,372235,182273,013269,625270,187279,525
Asset retirement obligations148,652150,901190,380138,981132,632126,558
Deferred income tax liabilities 6,1373,38812,4415,2883,247✕
Other liabilities36,24566,25970,192125,356134,308152,967
Operating lease, liability 11,33814,63419,19340,25862,354✕
Other undisclosed noncurrent liabilities (6,137)     
Total noncurrent liabilities:196,235235,182292,206309,8831,619,1701,562,446
Total liabilities:380,082408,128457,775503,9321,943,6571,925,223
Equity
Equity, attributable to parent, including:960,911782,884741,733(338,647)49,573290,739
Common stock   1616155
Treasury stock, value    (4,290)(4,290) 
Additional paid in capital   2,756,8892,752,8592,735,125
Accumulated other comprehensive loss    (67,947)(71,927)(73,177)
Retained earnings (accumulated deficit)49,321(125,699)(162,178)(3,023,315)(2,627,085)(2,371,364)
Other undisclosed equity, attributable to parent 911,590908,583903,911   
Other undisclosed equity    1,335,794  
Total equity:960,911782,884741,733997,14749,573290,739
TOTAL LIABILITIES AND EQUITY:1,340,9931,191,0121,199,5081,501,0791,993,2302,215,962

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues919,420883,960648,754851,3071,425,3692,130,265
Cost of revenue
(Cost of Product and Service Sold)		(474,127)(476,951)(422,252)(580,129)(925,082)(1,502,104)
Gross profit:445,293407,009226,502271,178500,287628,161
Operating expenses(125,659)(134,669)(140,527)(296,417)(285,411)(1,028,977)
Other operating expense, net
(Other Expenses)		   (16,726)   
Other undisclosed operating loss(77,813)(68,926)(219,859)(146,793)(196,459)(400,848)
Operating income (loss):241,821203,414(150,610)(172,032)18,417(801,664)
Nonoperating expense(13,391)(1,804)(7,128)(9,229)(2,484)(1,678)
Other nonoperating expense(13,391)(1,804)(7,128)(9,229)(2,484)(1,678)
Income (loss) from continuing operations before equity method investments, income taxes:228,430201,610(157,738)(181,261)15,933(803,342)
Other undisclosed income (loss) from continuing operations before income taxes5,90511,7132,331(114,015)(98,312)(99,477)
Income (loss) from continuing operations before income taxes:234,335213,323(155,407)(295,276)(82,379)(902,819)
Income tax expense (benefit)(59,741)77,71933,29813,9284,62645,433
Income (loss) from continuing operations:174,594291,042(122,109)(281,348)(77,753)(857,386)
Loss before gain (loss) on sale of properties:✕✕✕(162,178)(396,230)(255,721)(858,115)
Income (loss) from discontinued operations426(4,577)(40,069)(114,882)(177,968)(729)
Net income (loss) available to common stockholders, basic:175,020286,465(162,178)(396,230)(255,721)(858,115)
Dilutive securities, effect on basic earnings per share   100   
Net income (loss) available to common stockholders, diluted:175,020286,465(162,078)(396,230)(255,721)(858,115)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):175,020286,465(162,178)(396,230)(255,721)(858,115)
Comprehensive income (loss):175,020286,465(162,178)(396,230)(255,721)(858,115)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    3,9801,250(5,750)
Comprehensive income (loss), net of tax, attributable to parent:175,020286,465(162,178)(392,250)(254,471)(863,865)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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