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

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

October 27, 2020 5:15 PM EDT

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

Summary Results and Highlights

Revenue of $147 million, a 67% increase from the second quarter of 2020 Net 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, 2020 Expect greater than 20% sequential growth in average active frac fleets in the fourth quarter of 2020 Total liquidity was $154 million including ABL availability as of the September 30, 2020 borrowing... More