Liberty Oilfield Services Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 08, 2022 at 06:13 pm EST
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Liberty Oilfield Services Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 683.74 million compared to USD 257.59 million a year ago. Net loss was USD 55.59 million compared to USD 37.03 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to USD 0.41 a year ago.
For the full year, sales was USD 2,470.78 million compared to USD 965.79 million a year ago. Net loss was USD 179.24 million compared to USD 115.58 million a year ago. Basic loss per share from continuing operations was USD 1.03 compared to USD 1.36 a year ago. Diluted loss per share from continuing operations was USD 1.03 compared to USD 1.36 a year ago.
Liberty Energy Inc. is an integrated energy services and technology company. The Company is focused on providing hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America. It offers customers hydraulic fracturing services, together with complementary services, including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, related goods (including its sand mine operations), and technologies. It primarily provides its services in the Permian Basin, the Williston Basin, the Eagle Ford Shale, the Haynesville Shale, the Appalachian Basin (Marcellus Shale and Utica Shale), the Western Canadian Sedimentary Basin, the Denver-Julesburg Basin, and the Anadarko Basin. The process of hydraulic fracturing involves pumping a pressurized stream of fracturing fluid (typically a mixture of water, chemicals and proppant) into a well casing or tubing.
LIBERTY ENERGY INC. 
