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Liberty Oilfield Services posts smaller loss on demand recovery

Liberty Oilfield Services posts smaller loss on demand recovery

· 02/04/2021 16:50
Liberty Oilfield Services posts smaller loss on demand recovery

- Liberty Oilfield Services LBRT.N on Thursday said its fourth-quarter loss narrowed from the third, helped by an uptick in demand for its equipment and fracking services following a pandemic-induced fallout in drilling activity.

The Denver-based company's net loss stood at $48 million, or 41 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $49 million, or 41 cents per share, in the third quarter.


(Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)

((Rithika.Krishna@thomsonreuters.com;))