Reports Q2 revenue $1.2B, consensus $1.16B. “In the second quarter we delivered strong operating and financial performance and demonstrated the value of Liberty’s competitive advantage,” commented Chris Wright, CEO. “We delivered 8% and 12% sequential increases in revenue and Adjusted EBITDA, respectively, while industry drilling and completions activity modestly softened over the same period. Record average daily pumping efficiencies and record safety performance, coupled with increased utilization of our fleets again underpinned strong results. Our company culture, long-term customer partnerships, innovative technologies, scale, and vertical integration allowed us to deliver a 28% Adjusted Pre-Tax Return on Capital Employed for the twelve months ended June 30, 2024.”
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