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. Looking at the earnings report investors can start gauge the financial health of the company and make even better These figures are adjusted for non-recurring items. If you wish to go to ZacksTrade, click OK. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Stocks moving after hours: Alcoa, Discover, Vroom, For-profit schools appeal student loan discharge settlement for 200,000 borrowers, Microsoft layoffs a 'rip the Band-Aid off' moment: Analyst Dan Ives, British Columbia reaches deal with First Nations in Canada's Montney shale play, Two Fed Voters Favor Downshift to Quarter-Point Rate Hikes. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. 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. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. This quarterly report represents an earnings surprise of 23.81%. 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%. DENVER--(BUSINESS WIRE)-- 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 agreement, Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income to EBITDA and Adjusted EBITDA, Gain on remeasurement of liability under tax receivable agreement, Calculation of Pre-Tax Return on Capital Employed. A higher P/E ratio shows that investors are willing to pay a higher share price today because Pre-tax Return on Capital Employed is the ratio of pre-tax net loss for the twelve months ended December 31, 2021 to Average Capital Employed. Find out more about how we use your information in our privacy policy and cookie policy. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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. Relatively low and declining oil and gas inventories have led to persistent upward pressure on commodity prices, even prior to the Russian invasion of Ukraine. (share counts presented in 000s). 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. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. What's Next for Liberty Oilfield Services? Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Below you can see how LBRT performed 4 days prior and 4 days after releasing the This compares to loss of $0.29 per share a year ago. Written by Earnings reports generally provide an update of all three financial statements, including the income statement, We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. North American oil and gas are critical in the coming years. Chief Financial Officer $987,652. 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. 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. 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. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. liable for your own investment decisions and agree to the 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Summary Results and Highlights. Today, that discovery is still the heart of the Zacks Rank. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. See our report's 7 new picks today, absolutely FREE. 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. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. 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. This compares to year-ago revenues of $581.29 million. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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 passcode for the replay is 1068517. financial data for more than 25 000 publicly traded companies based on our calculated Privacy Policy | No cost, no obligation to buy anything ever. Best General cleaning services in Paterna, Valencian Community. The company is expected to report EPS of $0.71, up . Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. New factors emerge from time to time, and it is not possible for us to predict all such factors. 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 . Analysts estimate . 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 and non-recurring expenses that management does not consider in assessing ongoing performance. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. 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%. We expect continued modest rises in frac pricing in subsequent quarters. These figures are adjusted for non-recurring items. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. However, the prize was large and our team worked in overdrive to bring nearly 2,000 new team members into Liberty while continuing to deliver superior service performance to all of our customers, both legacy and new. 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. A live webcast will be available at http://investors.libertyfrac.com. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Is your stock priced above or below the average P/E ratio? DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The results are expected to be released on October 27. 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. 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. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. 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 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%. So, the shares are expected to outperform the market in the near future. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Type a symbol or company name. 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. at 25 times today's earnings. 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. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. Zacks Equity Research for 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. 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. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Net loss attributable to controlling and non-controlling interests. Participants should ask to join Libertys call. The replay will be available until February 16, 2022. 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. It is natural for stocks to start to move in either direction a few days before the release Visit Performance Disclosure for information about the performance numbers displayed above. 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. ET. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Participants should ask to join the Liberty Oilfield Services call. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. This compares to loss of $0.22 per share a. Pre-tax Return on Capital Employed is the ratio of pre-tax net income (loss) for the twelve months ended March 31, 2022 to Average Capital Employed. 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 severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. This quarterly report represents an earnings surprise of 205.56%. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Adjusted EBITDA is a non-GAAP financial measure. What's Next for Liberty Oilfield Services? Liberty Oilfield Services (LBRT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. 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. 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. This compares to . IR@libertyfrac.com, Internet Explorer presents a security risk. 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. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. For example, a company with a current P/E of 25, trades 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%. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. LBRT Quick Quote. 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. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. These symbols will be available throughout the site during your session. 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. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. Watch. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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