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LLIBERTY LIBERTY OILFIELD SERVICES INC . ANNOUNCES FIRST QUARTER 2021 FINANCIAL AND OPERATIONAL RESULTS April 27 , 2021 DENVER -- ( BUSINESS WIRE ) -- Liberty Oilfield Services Inc. ( NYSE : LBRT ; " Liberty " or the " Company " ) announced today first quarter 2021 financial and operational results . Summary Results and Highlights • Revenue of $ 552 million and net loss¹ of $ 39 million , or $ 0.21 fully diluted loss per share , for the quarter ended March 31 , 2021 ● Adjusted EBITDA² of $ 32 million . Completed the first full quarter after the OneStimⓇ acquisition , integration proceeding well • Enhanced our platform as a fully integrated completion services , engineering and diagnostics • • company , doubling our size with expanded services , basins and entering Canada digiFrac ™ field testing to commence with key partner next month following successful high- pressure durability testing in the first quarter Implemented next generation of proprietary SonicStrap chemical management automation system • Launched FracSense ™ diagnostic service " Liberty delivered an excellent first quarter . The highly accretive acquisition of Schlumberger's North American frac , pumpdown - perforating wireline and Permian frac sand businesses ( OneStim® ) strengthened our business and technology leadership . Our team handled the challenges of a large - scale integration and delivered a seamless transition for our customers . We were pleased to see early benefits from leveraging our full suite of completions services , including frac , wireline and sand , along with our top tier engineering and diagnostics tools , driving increased engagement with customers . I am proud of the Liberty team for executing at the highest level , " commented Chris Wright , Chief Executive Officer . Page 1 of 13