Complete Production Services, Inc. Reports Earnings From Continuing Operations of $0.98 Per Diluted Share for the Fourth Quarter of 2011

HOUSTON--(BUSINESS WIRE)--Complete Production Services, Inc. (NYSE:CPX) today reported fourth quarter revenue of $626.8 million, an increase of 12% over the third quarter of 2011, and fourth quarter Adjusted EBITDA (as defined below) of $183.9 million, an increase of $34.9 million, or 23%, over the third quarter of 2011 resulting in Adjusted EBITDA margins of 29.3%. Fourth quarter 2011 operating income was $134.7 million, up 32% versus the third quarter of 2011, and fourth quarter net income from continuing operations was $78.0 million, or $0.98 per diluted share, an increase of $22.9 million or $0.29 per diluted share over the prior quarter. Results for the fourth quarter of 2011 include approximately $3.3 million of pre-tax transactional expense associated with the pending merger with Superior Energy Services, Inc. and exclude the results of the rig logistics business which was divested on November 30, 2011.