To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Revenue of $684 million for the quarter ended December 31, 2021, a 5% increase from the third quarter, Acquisition and integration of OneStim and PropX to optimize Liberty platform with enhanced technology and scale, Record revenue, proppant and stages pumped in 2021, Best safety performance in Company history in 2021. Despite good reports, 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. financial data for more than 25 000 publicly traded companies based on our calculated 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%. As of March 31, 2021, Liberty had cash on hand of $70 million, approximately flat from fourth quarter levels, and total debt of $106 million, net of deferred financing costs and original issue . This compares to year-ago revenues of $653.73 million. Chief Financial Officer The net loss for the quarter was negatively impacted by $9 million related to loss on disposal of assets and remeasurement of liability under tax receivable agreements (TRA). As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. A Tale of Two Investors: Which One Are You? Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The company is expected to report EPS of $0.71, up . Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. Liberty Oilfield Services (. This quarterly report represents an earnings surprise of 81.25%. 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 compares to. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. 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. 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. DENVER--(BUSINESS WIRE)-- NASDAQ data is at least 15 minutes delayed. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. In addition, the company owns operates two s LBRT Profile. 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. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.19 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 13.40%. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Find out more about how we use your information in our privacy policy and cookie policy. Today, you can download 7 Best Stocks for the Next 30 Days. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The replay will be available until May 4, 2022. 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. 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. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. What's Next for Liberty Oilfield Services? The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. 22,551 sqft lot. Privacy Policy | No cost, no obligation to buy anything ever. The replay will be available until February 16, 2022. This compares to . October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. NYSE and AMEX data is at least 20 minutes delayed. It is natural for stocks to start to move in either direction a few days before the release LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Revenues are . This includes personalizing content and advertising. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. 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%. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. However, the absence of these words does not mean that the statements are not forward-looking. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. 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 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. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. 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. 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. So, the shares are expected to outperform the market in the near future. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial Receive SEC Filings, Events, Press Releases and Stock Price Alerts. If you do not, click Cancel. Revenue of $793 million increased 16% sequentially Net loss 1 was $5 million, or $0.03 fully diluted loss per share Adjusted EBITDA 2 of . earnings report. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. The current consensus EPS estimate is $0.55 on $1.06 billion in revenues for the coming quarter and $1.79 on $3.84 billion in revenues for the current fiscal year. These figures are adjusted for non-recurring items. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. of growth expectations in the future. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. 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. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. You can change your choices at any time by visiting your privacy controls. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. These returns cover a period from January 1, 1988 through December 5, 2022. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. As of June 30, 2021, Liberty had cash on hand of $31 million, a decrease from first quarter levels as working capital increased, and total debt of $106 million, net of deferred financing costs and . Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. price of the stock. This information can give you a slight idea of what you might expect for the next quarter's release. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Zacks Ranks stocks can, and often do, change throughout the month. 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. This quarterly report represents an earnings surprise of 23.81%. The webcast can be accessed for 90 days following the call. 303-515-2851 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. A live webcast will be available at http://investors.libertyfrac.com. Want the latest recommendations from Zacks Investment Research? Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Visit Performance Disclosure for information about the performance numbers displayed above. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56%. This compares to year-ago revenues of $581.29 million. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. (Find current average P/E ratios for all sectors below). Find out more about how we use your information in our privacy policy and cookie policy. What's Next for Liberty Oilfield Services? The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. LBRT Quick Quote. 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. 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. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Do Not Sell My Personal Information (CA Residents Only). Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. So, the shares are expected to outperform the market in the near future. The term loan requires only a 1% annual amortization of principal, paid quarterly. Today, you can download 7 Best Stocks for the Next 30 Days. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. This compares to year-ago revenues of $653.73 million. 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. The current consensus EPS estimate is $0.55 on $1.06 billion in revenues for the coming quarter and $1.79 on $3.84 billion in revenues for the current fiscal year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. We are encouraged by the progress weve made in the first quarter. The report will also indicate a possible It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. We use cookies to understand how you use our site and to improve your experience. Please read the full disclaimer here. 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