Liberty Frac Stock is another oilfield service company losing with the crude price drop

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Summary Results and Highlights

Revenue of $559 million and net income1 of $66 million, or $0.49 fully diluted earnings per share, for the quarter ended September 30, 2018
Adjusted EBITDA2 of $117 million and annualized Adjusted EBITDA per average active fleet of $21.2 million for the quarter ended September 30, 2018
Revenue of $1.682 billion and net income1 of $215 million for the nine months ended September 30, 2018
Adjusted EBITDA2 of $366 million and annualized Adjusted EBITDA per average active fleet of $23.2 million for the nine months ended September 30, 2018

The annualized Adjusted EBITDA per average active fleet was based on a flat pricing environment. The frac pricing environment has been weakening modestly in the second half of 2018 as pressure pumping supply that was built for expected Permian completions growth outstripped the flattening completions growth curve.

Market Summary > Liberty Oilfield Services Inc

NYSE: LBRT

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