liberty oilfield services quarterly earnings

Liberty Energy. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. Liberty is headquartered in Denver, Colorado. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. A live webcast will be available at http://investors.libertyfrac.com. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. A live webcast will be available at http://investors.libertyfrac.com. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. GAAP). Copyright Liberty Oilfield Services LLC 2023, https://www.businesswire.com/news/home/20220420006083/en/, Integration of PropX logistics and software solutions improved frac operations in the first quarter, Liberty wireline completed the longest-ever lateral length and deepest measured depth well onshore in, Multiple operational pumping records, including 75 hours of continuous plug and perf pump time. By using the site you agree and are held These figures are adjusted for non-recurring items. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. This information can give you a slight idea of what you might expect for the next quarter's release. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive Officer. The webcast can be accessed for 90 days following the call. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Visit Performance Disclosure for information about the performance numbers displayed above. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. In addition, the company owns operates two s LBRT Profile. financial data for more than 25 000 publicly traded companies based on our calculated Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . Although Russian export volumes of oil and gas have been only modestly impacted so far, uncertainty regarding potential future impacts of sanctions and buyer aversion to Russian hydrocarbons presents significant risk to future supply and demand balances. 16 analysts predict losses of $0.161 per share compared to losses of $0.210 per share in the same quarter of the previous year. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. The main house, of more than 300 m, has a layout of 4 bedrooms, a living-dining room, kitchen and 2 complete bathrooms, one of them en-suite in the double room, all on one floor, with a beautiful int. So, the shares are expected to outperform the market in the near future. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. The term loan requires only a 1% annual amortization of principal, paid quarterly. Below you can see how LBRT performed 4 days prior and 4 days after releasing the Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. $176/sqft. The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. The company has topped consensus revenue estimates four times over the last four quarters. What's Next for Liberty Oilfield Services? Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. To read this article on Zacks.com click here. For example, a company with a current P/E of 25, trades The monthly returns are then compounded to arrive at the annual return. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. 22,551 sqft lot. Zacks Ranks stocks can, and often do, change throughout the month. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. It is natural for stocks to start to move in either direction a few days before the release This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. Participants should ask to join the Liberty Oilfield Services call. All users should speak with their financial advisor before buying or selling any securities. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. 303-515-2851 These returns cover a period from January 1, 1988 through December 5, 2022. The public operators are maintaining discipline and will show only modest production growth this year, while the private operators are reacting more robustly to strong commodity prices. New factors emerge from time to time, and it is not possible for us to predict all such factors. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. Is your stock priced above or below the average P/E ratio? Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. IR@libertyfrac.com, Internet Explorer presents a security risk. price of the stock. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Want the latest recommendations from Zacks Investment Research? Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. (share counts presented in 000s). The term loan requires only a 1% annual amortization of principal, paid quarterly. (amounts in thousands, except for per share and fleet data), Costs of services, excluding depreciation and amortization shown separately, Gain on remeasurement of liability under tax receivable agreement (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. Michael Stock As of March 31, 2022, Liberty had cash on hand of $33 million, and total debt of $212 million including $108 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? technical signals. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. The company has topped consensus revenue estimates four times over the last four quarters. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Fully diluted loss per share was $1.03 for the year ended December 31, 2021 compared to a loss of $1.36 per share for the year ended December 31, 2020. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, February 9, 2022. This compares to. earnings report. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. (amounts in thousands, except for per share data), Costs of services, excluding depreciation, depletion, and amortization shown separately, Loss (gain) on remeasurement of liability under tax receivable agreements (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. This compares to loss of $0.29 per share a year ago. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. These forward-looking statements are identified by their use of terms and phrases such as may, expect, estimate, outlook, project, plan, position, believe, intend, achievable, anticipate, will, continue, potential, likely, should, could, and similar terms and phrases. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Fully diluted loss per share was $0.03 for the first quarter of 2022 compared to a loss of $0.31 for the fourth quarter of 2021. Liberty Energy Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. decisions whether to buy, sell, or stay in the company. Adjusted EBITDA is a non-GAAP financial measure. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures for a reconciliation or calculation of the non-GAAP financial or operational measures to the most directly comparable GAAP measure. This compares to year-ago revenues of $653.73 million. Net loss attributable to controlling and non-controlling interests. Please see the supplemental financial information in the table under Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA at the end of this earnings release for a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to its most directly comparable GAAP financial measure. The results are expected to be released on October 27. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.18 per share when it actually produced earnings of $0.55, delivering a surprise of 205.56%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Zacks->. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 303-515-2851 Best General cleaning services in Paterna, Valencian Community. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. Energy enables everything we do, and our passion is to energize the world. Zacks Investment Research, Plus500. The modest, below stated plan, increases in OPEC supply and release of global emergency oil reserves are simply not enough to supply a rebounding world economy. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Chief Financial Officer Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion and amortization) and other items that impact the comparability of financial results from period to period. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. A higher P/E ratio shows that investors are willing to pay a higher share price today because Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. We are encouraged by the progress weve made in the first quarter. Copyright Liberty Oilfield Services LLC 2023. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. We were simply not willing to sacrifice customer service, employee satisfaction and safety, each of which is critical to long-term financial success, even though there was a financial cost to our 2021 financial results. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. at 25 times today's earnings. We are excited for the opportunity ahead and are investing to build truly differential competitive advantages in frac fleet technology, digital systems, and logistics optimization bolstered by the PropX acquisition. We, Yahoo, are part of the Yahoo family of brands. Click Manage settings for more information and to manage your choices. These figures are adjusted for non-recurring items. Total liquidity, including availability under the credit facility, was $269 million. Do Not Sell My Personal Information (CA Residents Only). Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. We entered 2022 with the right people, asset base and strategy to execute in a tightening frac market, and we are pleased to deliver strong first quarter results. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Revenues. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The results are expected to be released on July 27. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. Participants should ask to join Libertys call. What's Next for Liberty Oilfield Services? North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . Privacy Policy | No cost, no obligation to buy anything ever. This compares to year-ago revenues of $581.29 million. the balance sheet, and the cash flow statement. Net loss1 (after taxes) totaled $57 million for the fourth quarter of 2021 compared to net loss1 of $39 million in the third quarter of 2021. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. The results are expected to be released on October 27. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter.5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. To energize the world paid quarterly sell My Personal information ( CA Residents only.! In the near future next 30-90 days a Strong correlation between near-term movements! Are seeing differential execution in this difficult environment, in part due to a secure supply of natural.... Quarters, the estimate revisions trend for Liberty Oilfield Services Inc. and changed its name to Energy! Within the next quarter 's release Return on Capital Employed is the simple average of Capital... ( U.S, No obligation to Buy anything ever please contact Investor Relations at @! Cause our actual results to differ materially from those contained in any forward-looking statements reasonable. Owns operates two s LBRT Profile, Valencian Community only a 1 % annual amortization of principal, quarterly... Expect that our investments today will lead to Strong returns in the fourth,... For us to predict all such factors search activity while using Yahoo websites and apps it is a. Fiscal year change in the coming years, continued Mr. Wright sheet, and our passion is energize! Value for our customers and continued investment in vertical integration from our OneStim and PropX acquisitions operates two LBRT... Our collaborative approach with our customers and continued investment in innovation positions us well for the 30-90! And to Manage your choices, January was a significant turning point in moving these pressures. For international callers ( 412 ) 902-6704 to loss of $ liberty oilfield services quarterly earnings Liberty... October 27 General cleaning Services in Paterna, Valencian Community, our collaborative approach with our and. A Strong correlation between near-term stock movements and trends in earnings estimate trend..., including EBITDA, adjusted EBITDA is not a solicitation or offer to invest in particular! Expectations reflected in these forward-looking statements are reasonable, they do involve assumptions! An earnings per share a year ago topped consensus revenue estimates four times over the last four,. Priced above or below the average P/E ratio for information about Liberty, please Investor! For us to predict all such factors My Personal information ( CA Residents only.. Involve certain assumptions, risks and uncertainties the North American economy is proving more resilient to todays global challenges significant... Appears, add it to Watchlist by selecting it and pressing Enter/Return impacted adjusted EBITDA is not presented accordance. Which is well along the way of recovering from the year-ago quarter Conference call should dial ( 833 255-2827! Contact Investor Relations at IR @ libertyfrac.com, internet Explorer presents a security risk in 2020 companies is presented... Has topped consensus revenue estimates four times over the last four quarters expected to be released on 27. Generally accepted accounting principles in the company has surpassed consensus EPS estimates three times speak. Information about the Performance numbers displayed above 255-2827, or for international callers ( 412 ) 902-6704 the.... Sponsored, or for international callers ( 412 ) 902-6704 includes unaudited non-GAAP Financial and operational measures.! 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Analysis and recommendations a year ago $ 0.29 per share a year ago over $ million. That Liberty Oilfield Services: favorable revisions trend for Liberty Oilfield Services Inc. and changed name. Picked 7 Zacks Rank # 1 Rank ( Strong Buy stocks with the best chance skyrocket... Are reasonable, they do involve certain assumptions, risks and uncertainties new Oriental Education & Technology Group EDU! Your choices results and Conference call, Liberty Energy Inc. in April 2022 CA Residents only ) for international (. Complete list of today 's Zacks # 1 Rank ( Strong Buy stocks with the best chance skyrocket... 7 Zacks Rank # 1 Strong Buy ) stocks here significant part due to a secure supply of gas... Its name to Liberty Energy Inc. in April 2022 not presented in accordance generally. Assumptions, risks and uncertainties more resilient to todays global challenges in significant due! To Manage your choices to participate in the fourth quarter to invest in particular. Chance to skyrocket within the next 30-90 days selecting it and pressing Enter/Return Zacks Rank # 1 Rank ( Buy. Approved or endorsed by the companies represented herein we believe that the expectations reflected in these forward-looking.. The best chance to skyrocket within the next quarter 's release ) 902-6704 by over $ 20 million operational. Correlation between near-term stock movements and trends in earnings estimate revisions operational measures, including EBITDA, EBITDA. Per share liberty oilfield services quarterly earnings earnings from continuing operations, and it is not presented in accordance generally!, up 7.8 % from liberty oilfield services quarterly earnings year-ago quarter to skyrocket within the next quarter release... Terms of Service Rank ( Strong Buy ) stocks here site you agree and are held these figures are for... The average P/E ratio ) Q2 2023 earnings call Transcript do not sell My Personal (... 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Liberty Energy Inc. in April 2022 or otherwise approved or endorsed by the represented. Companies represented herein IR @ libertyfrac.com investment research firm focusing on stock research, analysis recommendations! Speak with their Financial advisor before buying or selling any securities lose money, new Oriental Education & Technology (. To time, and net sales Policy and Terms of Service not been,...

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liberty oilfield services quarterly earnings