Reports Q2 revenue $1.2B, consensus $1.27B. “We executed on another quarter with strong financial results, and I’m especially proud of our operations team for safely delivering the highest quarterly average daily pumping efficiency in our history, a high bar raised higher! Liberty achieved adjusted EBITDA2 of $311 million and fully diluted earnings per share of $0.87. Our success in growing our long-term competitive advantage is illustrated by our trailing 12-month Adjusted Pre-Tax Return on Capital Employed3 of 44%,” commented Chris Wright, Chief Executive Officer. “Strong cash generation enables long-term investment, together with a strong return of capital program. In the second quarter, we returned $69 million to shareholders through the repurchase of 2.7% of shares outstanding plus our quarterly dividend. The compounding effect of our last 12 months of share buybacks is evidenced by the 57% year-over-year increase in fully diluted earnings per share on a 45% increase in net income.”
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