Liberty Oilfield Q2 revenue $581M (+5% seq); net loss $52M ($0.29/sh), adj EBITDA $37M

Liberty Energy Inc.

2020-Q2 EPS reported -$0.50 revenue$1,133,320,000

Revenue $581M, up 5% sequentially; net loss $52M ($0.29 diluted loss per share).
Adjusted EBITDA $37M, up 15% sequentially, despite $8M early restoration of variable compensation.
Completed field test of digiFrac electric pump; released inaugural ESG report; held investor day.
Ended Q2 with $31M cash, $106M debt; no borrowings on ABL, liquidity $277M.
Management sees improving activity, but cites supply chain and staffing challenges as transitory.

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