Liberty Oilfield Services Inc. (LBRT) saw its stock soar 5.86% in after-hours trading on Wednesday following the release of its first-quarter 2025 financial results, which surpassed analysts' expectations.
The Denver-based oilfield services provider reported revenue of $977.5 million for the quarter, exceeding the average estimate of $944.9 million from six analysts surveyed by Zacks Investment Research. The company's adjusted earnings per share came in at $0.04, topping the consensus forecast of $0.03 per share.
Liberty Oilfield Services also posted strong profitability metrics, with adjusted EBITDA reaching $168.15 million for the quarter. The company's CEO, Ron Gusek, expressed optimism about the future, stating, "We are currently anticipating sequential growth in revenue and profitability in the second quarter from higher utilization." This positive outlook, combined with the better-than-expected Q1 results, likely fueled investor enthusiasm and drove the stock's after-hours surge.
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