⁍ Liberty Oilfield Services posted a quarterly loss on Tuesday compared with a year-ago profit.
⁍ The Denver-based company’s net loss attributable to shareholders stood at $34.5 million.
– Liberty Oilfield Services Inc reported a third-quarter net loss of $34.5 million on Tuesday, as demand for its fracking services dropped due to a coronavirus-led crash in crude prices, Reuters reports. The Denver-based company’s net loss attributable to shareholders stood at 41 cents per share in the third quarter ended Sept. 30, compared with a profit of $11 million, or 15 cents per share, a year earlier.
Source: https://www.reuters.com/article/liberty-oilfield-results/-liberty-oilfield-posts-quarterly-loss-as-oil-rout-hurts-service-demand-idUSL4N2HI4K1