Reported 2 days ago
Liberty Energy Inc. has reported its lowest earnings in three years, generating only 4 cents per share in adjusted profit due to falling oil prices and uncertainties in energy demand. Despite this, better-than-expected sales and capital spending led to a 9% rise in its shares. The company expressed confidence that current fracking activity will stabilize U.S. oil output amidst these market challenges, while its extensive North American presence provides insight into domestic production trends.
Source: YAHOO