LBRT has been in the news 750% more than usual
Oct 16, 2024, 10:33 PM
-13.69%
What does LBRT do
Liberty Energy, headquartered in Denver, provides hydraulic fracturing and related services to onshore oil and gas companies in North America, employing 5,500 staff since its IPO in January 2018. The company operates primarily in major basins, offering services like wireline, proppant delivery, and data analytics.
LBRT has been in the news recently: Liberty Energy Inc. will increase its quarterly dividend to $0.08 per share, effective December 20, 2024, following a strong Q3 2024 performance with $1.1 billion in revenue and $74 million in net income. Meanwhile, Liberty Oilfield Services Inc. reported a third-quarter net income of $73.8 million, falling short of Wall Street's earnings estimate.
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