FTS International, Inc. (FTSI) Posts Q4 Loss of $0.96/Share

FTS International, Inc. (NYSE: FTSI) reported Q4 EPS of ($0.96), $2.14 better than the analyst estimate of ($3.10). Revenue for the quarter came in at $49.8 million versus the consensus estimate of $45 million.

Michael Doss, Chief Executive Officer, commented “2021 is off to a strong start with us operating 13 active fleets compared to an average of 10.5 in the fourth quarter. Our fleets are continually setting new efficiency records. While market pricing for frac services remains low, we are seeing modest improvements. As a result, we expect to report positive adjusted EBITDA in the first quarter, despite the loss of about 760 stages related to severe winter weather in February. We are optimistic for the remainder of the year and expect activity levels and pricing to continue increasing.”

For earnings history and earnings-related data on FTS International, Inc. (FTSI) click here.

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