The only place water can come from a condensing unit is that
1...If it's been raining or if you have heavy dew at night, there might be some pooled in the lower pan and then dribbles out.
2....Otherwise the only possible sources is from the suction tube. That tube should be covered with SEALED INSULATION all the way from the evap in the house, the full length of the tube, and to just before the condensing unit. If that insulation has any looseness where it ends, water can condense up inside the insulation, and then drip out particularly on the off cycle.
Water will also condense on any length of the suction tube that is uninsulated between the house and the outdoor unit.
Have you touched the "liquid" and felt it? Does it seem to be water, or is it oil. If oil, you have a refrigerant leak.
Random photo shamelessly stolen off the dubya dubya dubya