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

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

FTS International Announces Fourth Quarter and Full-Year 2020 Financial and Operational Results

March 4, 2021 4:15 PM EST

FORT WORTH, Texas--(BUSINESS WIRE)-- FTS International, Inc. (NYSE American: FTSI) today reported its financial and operational results for the fourth quarter and full year 2020.

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... More