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

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Go back to Liberty Oilfield Services Inc. Announces Third Quarter 2020 Financial and Operational Results

Liberty Oilfield Services (LBRT) Tops Q3 EPS by 1c, Reveneus Beat

October 27, 2020 5:19 PM EDT

Liberty Oilfield Services (NYSE: LBRT) reported Q3 EPS of ($0.41), $0.01 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $147 million versus the consensus estimate of $126.29 million.

Summary Results and Highlights

Revenue of $147 million, a 67% increase from the second quarter of 2020Net loss1 of $49 million, or $0.41 fully diluted loss per share, and Adjusted EBITDA2 of $(3) million including non-cash items of over $4 million for the quarter ended September 30, 2020Expect greater than 20% sequential growth in average active frac fleets in the fourth quarter of 2020Total liquidity was $154 million including ABL... More