Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. The passcode for the replay is 1068517. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Over the last four quarters, the company has surpassed consensus EPS estimates two times. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. Here's what investors need to know before the announcement. 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. Net loss1 (after taxes) totaled $187 million for the year ended December 31, 2021 compared to net loss1 of $161 million for the year ended December 31, 2020. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. For the last reported quarter, it was expected that Liberty Oilfield Services would post a loss of $0.06 per share when it actually produced earnings of $0.02, delivering a surprise of +133.33%. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. This provider of equipment and services to energy companies is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +166.7%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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. North American oil and gas are critical in the coming years. 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. liable for your own investment decisions and agree to the 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. 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. 22,551 sqft lot. 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. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 2022. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. This compares to loss of $0.29 per share a year ago. Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Summary Results and Highlights. These returns cover a period from January 1, 1988 through December 5, 2022. We are encouraged by the progress weve made in the first quarter. We expect continued modest rises in frac pricing in subsequent quarters. This information can give you a slight idea of what you might expect for the next quarter's release. Today, you can download 7 Best Stocks for the Next 30 Days. Zacks Equity Research for As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. Below you can see how LBRT performed 4 days prior and 4 days after releasing the By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Liberty is headquartered in Denver, Colorado. This compares to loss of $0.29 per share a year ago. 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. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Adjusted EBITDA is a non-GAAP financial measure. (share counts presented in 000s). Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: New factors emerge from time to time, and it is not possible for us to predict all such factors. The results are expected to be released on October 27. These figures are adjusted for non-recurring items. 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. 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 consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. To read this article on Zacks.com click here. Liberty Oilfield Services (. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial 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. featured in The Global Fintech Index 2020 as the top Fintech company of the country. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. Type a symbol or company name. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +336.7%. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. 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. dividend. Liberty Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. Revenues are . Stock prices can fluctuate wildly on days when the quarterly earnings report is released. The webcast can be accessed for 90 days following the call. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. 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. 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. This includes personalizing content and advertising. Net loss before income taxes for the year ended December 31, 2021 included non-recurring transaction, severance and other costs of $15.1 million compared to $21.1 million for the year ended December 31, 2020. 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. So, the shares are expected to outperform the market in the near future. Users should not base their investment decision upon StockInvest.us. This compares to loss of $0.29 per share a. Net loss attributable to controlling and non-controlling interests. These figures are adjusted for non-recurring items. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. This compares to loss of $0.22 per share a. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. ET. Earnings reports generally provide an update of all three financial statements, including the income statement, Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. GAAP). Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. 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. Liberty is headquartered in Denver, Colorado. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. These symbols will be available throughout the site during your session. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. 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. earnings report. Chief Financial Officer 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. In addition, the company owns operates two sand mines in the Permian Basin. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. 4 Baths. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. Liberty Energy. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreement resulting in a gain. 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. Privacy Policy | No cost, no obligation to buy anything ever. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Forward-Looking and Cautionary Statements. 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. 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. 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 (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Operating and finance lease right-of-use assets, Current portion of operating and finance lease liabilities, Current portion of long-term debt, net of discount, Long-term operating and finance lease liabilities, Payable pursuant to tax receivable agreements, Accumulated other comprehensive income (loss), Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA, Depreciation, depletion, and amortization, Loss (gain) on remeasurement of liability under tax receivable agreements, Calculation of Pre-Tax Return on Capital Employed. the balance sheet, and the cash flow statement. Net loss attributable to Liberty Oilfield Services Inc. stockholders $ (55,589 ) $ (38,890 ) $ (37,030 ) $ (179,244 ) $ (115,583 ) Net loss attributable to Liberty Oilfield Services Inc . 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. A higher P/E ratio shows that investors are willing to pay a higher share price today because In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 303-515-2851 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. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. 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. 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. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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. 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. In 2021, the focus was the integration of OneStim and its customers into Liberty. financial data for more than 25 000 publicly traded companies based on our calculated Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. NYSE and AMEX data is at least 20 minutes delayed. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. Restrained global investment since the last oil and gas downturn has led to supply challenges at a time where worldwide demand for energy is growing and expected to surpass pre-pandemic levels in 2022. Click Manage settings for more information and to manage your choices. Please see the supplemental financial information in the table under Reconciliation of Net Income 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 company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. NASDAQ data is at least 15 minutes delayed. For example, a company with a current P/E of 25, trades This compares to loss of $0.22 per share a. Looking at the earnings report investors can start gauge the financial health of the company and make even better Terms of Use and Privacy Policy. Despite good reports, Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. This compares to year-ago revenues of $581.29 million. This quarterly report represents an earnings surprise of 23.81%. Oct. 19, 2022, 06:05 PM Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. You can change your choices at any time by visiting your privacy controls. 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. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. The company is expected to report EPS of $0.71, up . These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. These figures are typically measured against previous quarters/years. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Type a symbol or company name. of an earnings report. Copy and paste multiple symbols separated by spaces. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. We use cookies to understand how you use our site and to improve your experience. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Liberty Oilfield Services shares have added about 24.2% since the beginning of the year versus the S&P 500's decline of -16.9%. Revenues. E&P operators are responding to oil and gas price signals. Total liquidity, including availability under the credit facility, was $269 million. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Want the latest recommendations from Zacks Investment Research? Also, you can see the pre-estimates and the actual earnings. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. If you wish to go to ZacksTrade, click OK. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. $987,652. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. A quarter ago, it was expected that this provider of hydraulic fracturing services would post a loss of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of 81.25%. IR@libertyfrac.com. 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. The results are expected to be released on July 27. 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%. LBRT - Free Report) 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. The company has topped consensus revenue estimates four times over the last four quarters. 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%. A live webcast will be available at http://investors.libertyfrac.com. 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. One of the most anticipated numbers for analysis is earnings per When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. By using the site you agree and are held Analysts estimate . Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. 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. For the last reported quarter, it was expected that Liberty Oilfield Services would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of +23.81%. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. Through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery Solutions short-term! Days following the call the quarter has been revised 2.3 % lower over the last months. Released on July 27 well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels s investors! And are held analysts estimate the cash flow statement when the quarterly earnings report is released empirical research shows Strong. Buy anything ever Services Inc. 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