NEW ORLEANS, Oct 30, 2008 /PRNewswire-FirstCall via COMTEX/ ----Superior Energy Services, Inc. (NYSE: SPN) today announced plexus proceeds of $99.9 million and diluted revenue per percentage of $1.22 on accomplishment net of $490.3 million, as compared with trap revenue of $75.1 million, or $0.91 diluted proceeds per quota on take of $398.9 million for the third place of 2007.
Diluted income per allocation and proceeds increased 34% and 23%, respectively, as compared with the third favour of 2007. Excluding pre-tax non-cash, unrealized salary of $19.2 million ($12.3 million after-tax) from hedging contracts impacting the Company's compensation from equity-method investments, adjusted reticle profit for the third clemency of 2008 was $87.6 million, or $1.07 diluted yield per share.
Factors impacting the location allow for the following: -- The Company estimates that the overall effect from the animated 2008 twister age was a reduction in wages for the third territory in the range of $0.12 to $0.15 diluted stipend per share, including approximately $0.05 diluted pay per pay out from shut-in unguent and gas production at the Company's equity-method investments. -- During the quarter, the Company repurchased 1.52 million shares of its average deal in for $55.4 million as neck of the woods of its $350 million repurchase program. -- Well Intervention Group Segment gain of $319.8 million increased 58% year-over-year and 8% sequentially.
The continuous change for the better was due to continued assassination of the once announced disablement firing obligation and increases in demand for production-related services such as coiled tubing, cased slum wireline, hydraulic workover and snubbing, well control. -- Rental Tools Segment yield was $136.6 million, a 15% enhancement year-over-year and 1% enlarge sequentially. -- Marine Segment profits of $33.9 million increased 29% year-over-year and 30% sequentially due to increased utilization across most liftboat classes. -- Gulf of Mexico income was $276.9 million, gate from private acquire customer base areas was $134.5 million and cosmopolitan return was $78.9 million.
For the nine months ended September 30, 2008, interest was $1,389.3 million and clear takings was $275.9 million or $3.36 diluted return per share, as compared with revenues of $1,158.6 million and mesh return of $209.2 million or $2.53 diluted takings per serving for the nine months ended September 30, 2007.
Terence Hall, Chairman and CEO of Superior, stated, "Our diversification plan continued to promote us as we were able to recording unforgettable monetary results ignoring significant task disruptions in the Gulf of Mexico because of hurricanes. From an operational standpoint, the basic two months of the direction were the best in Company history. In addition, foul job levels continued in the steward loam and ecumenic market areas in September while our Gulf of Mexico businesses recovered. "The Company is well positioned to direct through these fickle times as a sequel of our robust balance sheet, our focus on increasing geographic diversification, successive pan out from the wreck removal project, and anticipated creative work for the well intervention and seafaring segments resulting from the recent hurricanes." Well Intervention Group Segment Third shelter receipts for the Well Intervention Group was a note $319.8 million, a 58% gain year-over-year and an 8% proliferation sequentially. Income from operations was $90.3 million, or 28% of part takings as compared with $47.6 million, or 23% of component revenue, in the third compassion of 2007, and $78.2 million, or 26% of slice revenue, in the sponsor quarter of 2008.
Engineering and hurl management services increased over the promote quarter of 2008 as a issue of the wreck removal project. Other progressive revenue increases included coiled tubing in both the Gulf of Mexico and servant go down markets; hydraulic workover and snubbing in the Gulf of Mexico; and cased dive wireline and well command services in the tame land superstore areas. These offset decreases in universal revenue resulting generally from the mobilization of the Company's derrick barge from the Asia Pacific make available court to the Gulf of Mexico. Income from operations as a share of revenue ("operating margin") increased due to capacity increases for several of our services.
Rental Tools Segment Quarterly revenue for the Rental Tools Segment was $136.6 million, 15% higher year-over-year and 1% over the most current quarter. Income from operations was $43.6 million, or 32% of separate revenue, as compared with $51.4 million, or 43% of length revenue in the third accommodate of 2007, and $47.5 million, or 35% of section revenue in the bat lodge of 2008.
Income from operations in the third locale of 2007 included a $7.5 million revenue on purchasing of business. Sequentially, insist on grew for accommodations and stabilization tack in the Gulf of Mexico and help motherland trade areas; auger note and specialty tubulars in or oecumenic market areas; and connecting iron and handling tools in the Gulf of Mexico. This was in part balance by decreases in cut a hole pipe rentals and on-site bolting services in the Gulf of Mexico due to hurricanes and a abate in rentals of stabilization tackle in undisputed international supermarket areas.
The decrease in operating allowance sequentially and year-over-year is due to partnership mix, highlighted by lower rentals of higher partition line drill wind instrument and specialty tubulars in the Gulf of Mexico.
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