Liberty Oilfield Services: 4Q Earnings Snapshot

·1 min read

DENVER (AP) _ Liberty Oilfield Services Inc. (LBRT) on Thursday reported a loss of $37 million in its fourth quarter.

On a per-share basis, the Denver-based company said it had a loss of 41 cents. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 33 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

The provider of hydraulic fracturing services posted revenue of $257.6 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $187.2 million.

For the year, the company reported a loss of $115.6 million, or $1.36 per share, swinging to a loss in the period. Revenue was reported as $965.8 million.

Liberty Oilfield Services shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.31, an increase of 66% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBRT at https://www.zacks.com/ap/LBRT