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Tag: NYSE: LBRT

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Earnings Review: Liberty Oilfield Services Inc. (LBRT)

Liberty Oilfield Services Inc. (NYSE: LBRT), a producer of oilfield equipment and technology, reported a 16% increase in sales in the most recent quarter. Due to market conditions, the firm expects double-digit growth in the second quarter. Liberty Oilfield Services’ first-quarter revenue increased to $793 million, the highest revenue since the company went public four years ago. Rising oil prices and the associated increase in demand for hydraulic fracturing equipment and services are the key growth drivers for LBRT. Because the company’s capacity has been nearly completely utilized to date, management anticipates revenue to increase by 10% in the second