Revenue falls 15% sequentially
By Richard Rostad, analyst, Oil & Gas 360

Liberty Oilfield Services (ticker: LBRT) announced fourth quarter results today, showing $34 million in net income, or $0.27 per share.

Liberty reported $473 million in revenue in Q4, down 15% sequentially but up 5% year-over-year. The company generated just under $13 million in adjusted EIBTDA per active frac fleet, the lowest level since Q1 2017.

As a major fracturing company in the U.S., Liberty has direct insight into the overall outlook for U.S. oil and gas. Liberty reports it has experienced the same frac holiday that impacted Schlumberger and Halliburton, as Liberty CEO Chris Wright explained.

“The fourth quarter of 2018 was challenging from a f...

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