Service & Supply | Quarterly / Earnings Reports | Oilfield Services | First Quarter (1Q) Update
Liberty Oilfield Services Talks U.S. Frac Market
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Liberty Oilfield Services Inc. reported first quarter 2021 financial and operational results.
Revenue & Capex Comparison by Quarter In the first quarter of revenue increased 114% to $552 million from $258 million in the fourth quarter, reflecting the inclusion of OneStim and new customer wins and exceeded expectations. Conference Call Highlights CEO Chris Wright said: The ongoing attrition among frac fleets will likely further this discussion as we move through the year. The industry is healing. The market for next gen equipment has tightened, and the market for next gen equipment with industry-leading operations and technology innovation is even tighter.Looking forward, we see a pathway to normalized margins for Liberty at some point in 2022. We've already achieved three sequential…
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