The Houston-based company reported income in the first three months of 2014 of $53.7 million, or $0.51 per share. That compared to net income of $1.6 million, or $0.02 per share, in the first quarter of 2013.
Revenues came in at $253.6 million, up from $197.4 million in the 2013 quarter.
The results were boosted by a $10.5 million gain on the sale of spoolbase facilities in Ingleside, Texas, and a $7.2