Liberty Oilfield Services (LBRT) Misses Q4 EPS by 6c, Revenues Beat
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Liberty Oilfield Services Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operational Results
February 4, 2021 4:44 PM ESTDENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today fourth quarter and full year 2020 financial and operational results.
Summary Results and Highlights
Revenue of $966 million and net loss1 of $161 million, or $1.36 fully diluted loss per share, for the year ended December 31, 2020 Adjusted EBITDA2 of $58 million, which excludes stock based compensation of $17 million, and annualized Adjusted EBITDA per average active fleet of $4.4 million for the year ended December 31, 2020 Revenue of $258 million for the quarter ended December 31, 2020, a 75% increase from the third quarter Net loss1... More