Superior Energy Services, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues of $356.271 million against $710.784 million a year ago. Loss from operations was $577.431 million against $850.399 million a year ago. Loss from continuing operations before income taxes was $589.498 million against $882.305 million a year ago. Net loss from continuing operations was $468.632 million or $3.09 per basic and diluted share against $775.132 million or $5.15 per basic and diluted share a year ago. Net loss was $470.857 million or $3.11 per basic and diluted share against $784.989 million or $5.22 per basic and diluted share a year ago. Total adjusted loss from operations was $109.746 million against $42.762 million a year ago. Adjusted net loss from operations was $80.397 million or $0.53 per share against $47.377 million or $0.31 per share a year ago. Free cash flow from the quarter was $6 million after capital expenditures of $29 million

For the six month, the company reported revenues of $769.404 million against $1,628.019 million a year ago. Loss from operations was $689.464 million against $828.592 million a year ago. Loss from continuing operations before income taxes was $717.582 million against $884.678 million a year ago. Net loss from continuing operations was $553.168 million or $3.66 per basic and diluted share against $776.627 million or $5.17 per basic and diluted share a year ago. Net loss was $557.660 million or $3.69 per basic and diluted share against $796.124 million or $5.30 per basic and diluted share a year ago.

For the third quarter, the company expects effective income tax rate on continuing operations to be approximately 34%.

For the full year, the company expects capital expenditure of $100 million or less.