Liberty Energy (LBRT) reported Q1 adjusted earnings late Wednesday of $0.04 per diluted share, down from $0.48 a year earlier.
Analysts surveyed by FactSet expected $0.02.
Revenue for the quarter ended March 31 was $977.5 million, down from $1.07 billion a year earlier.
Analysts polled by FactSet expected $948.5 million.