Liberty Oilfield Services (LBRT) Misses Q2 EPS by 11c, Revenues Miss

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Go back to Liberty Oilfield Services (LBRT) Misses Q2 EPS by 11c, Revenues Miss

Liberty Oilfield Services Inc. Announces Second Quarter 2020 Financial and Operational Results

July 28, 2020 5:11 PM EDT

DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today second quarter 2020 financial and operational results.

Summary Results and Highlights

Cash and cash equivalents increased by $68 million to $125 million for the quarter ended June 30, 2020 Total liquidity was $207 million at the end of the second quarter 2020 Revenue of $88 million, net loss1 of $66 million, or $0.55 fully diluted loss per share, and Adjusted EBITDA2 of $(13) million including non-cash items of over $4 million for the quarter ended June 30, 2020 Reacted swiftly to unprecedented industry conditions by moving to a highly... More