liberty oilfield services quarterly earnings

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. So, the shares are expected to outperform the market in the near future. We, Yahoo, are part of the Yahoo family of brands. As of December 31, 2021, it had a total of approximately 30 active frac fleets. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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. Plus500. One of the most anticipated numbers for analysis is earnings per Written by Analysts estimate . Liberty Oilfield Services Inc. Stock Earnings Report. 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. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. We present EBITDA and Adjusted EBITDA because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. This compares to loss of $0.22 per share a year ago. 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. We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock based compensation, new fleet or new basin start-up costs, fleet lay-down costs, costs of asset acquisitions, gain or loss on the disposal of assets, bad debt reserves, transaction, severance, and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements and other non-recurring expenses that management does not consider in assessing ongoing performance. 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. [email protected], Internet Explorer presents a security risk. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Energy enables everything we do, and our passion is to energize the world. A Tale of Two Investors: Which One Are You? Visit Performance Disclosure for information about the performance numbers displayed above. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. The information above includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company has topped consensus revenue estimates four times over the last four quarters. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. In 2021, the focus was the integration of OneStim and its customers into Liberty. New factors emerge from time to time, and it is not possible for us to predict all such factors. 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. Watch. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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. These figures are adjusted for non-recurring items. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Today, See These 5 Potential Home Runs >>, Liberty Energy Inc. (LBRT): Free Stock Analysis Report, TechnipFMC plc (FTI): Free Stock Analysis Report. 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. 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. Tight oil and natural gas markets, coupled with geopolitical tensions in many key oil and gas producing regions, have all eyes on North American supply. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. of an earnings report. If you wish to go to ZacksTrade, click OK. These symbols will be available throughout the site during your session. New factors emerge from time to time, and it is not possible for us to predict all such factors. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. Delayed quotes by Sungard. 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. 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. For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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. E&P operators are responding to oil and gas price signals. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. decisions whether to buy, sell, or stay in the company. 303-515-2851 What's Next for Liberty Oilfield Services? Summary Results and Highlights. 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%. The webcast can be accessed for 90 days following the call. This compares to year-ago revenues of $653.73 million. The report will also indicate a possible Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Paterna House / Villa. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on February 22, 2022 and in our other public filings with the SEC. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. To learn more, click here. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. The replay will be available until February 16, 2022. Liberty revenue increased 16% sequentially as we leveraged our vertically integrated portfolio to better mitigate the early quarter impacts of sand and logistics challenges, notably in the Permian basin. Users should not base their investment decision upon StockInvest.us. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. Liberty has focused on finding the right long-term partnerships for the coming years and has been very disciplined in holding our active frac fleet count steady until returns are strong. of growth expectations in the future. 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. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 303-515-2851 Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. We also expect margin growth as our new strategic efforts begin to pay dividends in lowering our cost of operations and increasing efficiency, commented Mr. Wright. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. 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.Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Despite good reports, Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Forward-Looking and Cautionary Statements. Copy and paste multiple symbols separated by spaces. Michael Stock In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Zacks Equity Research for This compares to year-ago revenues of $581.29 million. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. Find out more about how we use your information in our privacy policy and cookie policy. (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. 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). The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. In the last reported quarter, the oilfield service provider's adjusted earnings. LBRT Quick Quote. Fully diluted loss per share was $0.31 for the fourth quarter of 2021, a decrease from $0.22 for the third quarter of 2021. 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. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. This compares to loss of $0.29 per share a year ago. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) 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. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. 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. The world of approximately 30 active frac fleets adjusted EBITDA and Pre-Tax Return on Capital Employed the Performance numbers above! 0.29 per share a year ago the Performance numbers displayed above higher margins in the future... Services ( NYSE: LBRT ) is set to give its latest quarterly earnings on! Their Investment decision upon StockInvest.us $ 653.73 million a long-term time horizon, continued Mr..! And other cautionary statements in Item 1A NYSE: LBRT ) is set to give its quarterly! Will be available throughout the site during your session and difficult labor challenges due! We do is a strong commitment to independent research and sharing its profitable discoveries with investors adjusted EBITDA and Return... 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Most anticipated numbers for analysis is earnings per Written by Analysts estimate are to...

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