It has been about a month since the last earnings report for Liberty Oilfield Services (NYSE: LBRT). Shares have lost about 8.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Liberty Oilfield Services due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Liberty Energy Q2 Earnings Top Estimates, Revenues Lag Liberty Energy reported a second-quarter 2024 adjusted net income of 61 cents per share, which marginally beat the Zacks Consensus Estimate of 60 cents. The Denver-CO-based oil and gas equipment company's outperformance reflects the impact of strong execution and enhanced fleet utilization. However, the bottom line underperformed the year-ago quarter's reported figure of 87 cents due to a year-over-year increase in costs and expenses. Revenues totaled $1.16 billion, which missed the Zacks Consensus Estimate by 1.12%. The top line was below the prior-year quarter's level of $1.2 billion by 3.3%. The company's adjusted EBITDA was $273.3 million compared with $311.5 million in the year-ago quarter. However, the figure beat our projection of $255.3 million. Ahead of the earnings release, Liberty's board of directors announced a cash dividend of 7 cents ...