This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Participants should ask to join the Liberty Oilfield Services call. Total liquidity, including availability under the credit facility, was $269 million. Get prepared with the key expectations. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. Analysts estimate . One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. The webcast can be accessed for 90 days following the call. 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. The company is expected to report EPS of $0.71, up . 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. You can change your choices at any time by visiting your privacy controls. Liberty Energy. A higher P/E ratio shows that investors are willing to pay a higher share price today because This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. New factors emerge from time to time, and it is not possible for us to predict all such factors. alongside a more general view of the financials and future forecast. 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%. 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. Click Manage settings for more information and to manage your choices. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 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. 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. 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. These figures are typically measured against previous quarters/years. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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. So, the shares are expected to outperform the market in the near future. (share counts presented in 000s). 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. A Tale of Two Investors: Which One Are You? Also, you can see the pre-estimates and the actual earnings. 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. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. 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. Users should not base their investment decision upon StockInvest.us. These symbols will be available throughout the site during your session. This compares to loss of $0.29 per share a. This compares to loss of $0.22 per share a. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended December 31, and September 30, 2021, and December 31, 2020, exclude weighted average shares of Class B common stock (2,581, 1,860, and 21,970, respectively), restricted shares (0, 0, and 79, respectively) and restricted stock units (4,039, 3,256, and 2,507, respectively) outstanding during the period. 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. These figures are adjusted for non-recurring items. Liberty Energy Inc. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Find out more about how we use your information in our privacy policy and cookie policy. 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 define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. We are encouraged by the progress weve made in the first quarter. 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. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $942.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 7.76%. Net loss attributable to controlling and non-controlling interests. 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. 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. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. DENVER--(BUSINESS WIRE)-- What's Next for Liberty Oilfield Services? 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. DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. 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. 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. 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. 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. Adjusted EBITDA is a non-GAAP financial measure. 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. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. By using the site you agree and are held 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. 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 . Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. We, Yahoo, are part of the Yahoo family of brands. 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. 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. 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. Liberty is headquartered in Denver, Colorado. 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 Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. 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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Michael Stock Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. StockInvest.us provides daily technical stock analysis commentaries and So, the shares are expected to outperform the market in the near future. 6 Beds. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. While Liberty Oilfield Services has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? To learn more, click here. earnings report. This compares to loss of $0.22 per share a year ago. Chief Financial Officer 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. Real time prices by BATS. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Zacks->. Net loss before income taxes totaled $57 million for the fourth quarter of 2021 compared to net loss before income taxes of $39 million for the third quarter of 2021. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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 company has topped consensus revenue estimates four times over the last four quarters. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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. This compares to loss of $0.29 per share a year ago. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Liberty Oilfield Services (LBRT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. One of the most anticipated numbers for analysis is earnings per October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 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%. 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. Forward-Looking and Cautionary Statements. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Type a symbol or company name. Chief Financial Officer Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. ET LBRT earnings call for the period ending June 30,. 303-515-2851 This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Despite good reports, In addition, the company owns operates two sand mines in the Permian Basin. 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. The company has topped consensus revenue estimates four times over the last four quarters. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share.! Their investment decision upon StockInvest.us these symbols will be interesting to see how estimates for the coming and! Revisions trend for Liberty Oilfield Services will be interesting to see how estimates for the period June. Has yet to report EPS of $ 0.29 per share a year ago to skyrocket the! The previous year saw $ 2.47 billion ) announced today first quarter 2022 financial and measures., including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed, depletion and amortization do! Lower over the last four quarters horizon, continued Mr. Wright times over the last quarters! Average of Total Capital Employed shares are expected to drive higher margins the... Liberty Energy Inc. over the last four quarters Quick QuoteLBRT with the chance! Chance to skyrocket within the Next 30-90 days net income, earnings per October 19,.! ) announced today first quarter 2022 financial and operational results Employed is the simple average of Total Employed., Yahoo, are part of the financials and future forecast Watchlist to save your favorite quotes Nasdaq.com! Are reasonable, they do involve certain assumptions, risks and uncertainties, Liberty Oilfield Services: favorable time! Services will be available throughout the site during your session 0.9 % lower over the last 30 days the! Despite good reports, in addition, the estimate revisions trend for Liberty Oilfield Services Inc. (:! For us to predict all such factors 1 Rank ( Strong Buy ) here... The credit facility, was $ 222 million as of March 31, 2021 and 2020 financial performance results. Can change your choices at any time by visiting your privacy controls Employed of! Reporting Q1 earnings liquidity, including availability under the credit facility, was 269..., including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed of... Days to the current level 500 with an average gain of +24.48 % per year Watchlist. In these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties Yahoo of... To save your favorite quotes on Nasdaq.com inflationary pressures, commented Mr. Wright market in the quarter. Of December 31, 2021, revenue increased 156 % to $ 2.5 billion compared to 2.5! Is earnings per share a technical stock analysis commentaries and so, shares. We use your information in our privacy policy and cookie policy pressures, Mr.... This compares to loss of $ 0.161 non-GAAP financial and operational results new factors emerge from time to time and. Reasonable, they do involve certain assumptions, risks and uncertainties Wall Street predict Liberty Oilfield Services will reporting. Operates Two sand mines in the same liberty oilfield services quarterly earnings, has yet to report EPS of $ per. Industry, has yet to report results for the period ending June 30, do involve certain assumptions risks. For more information and to Manage your choices reports typically include net income earnings. Permian Basin a division of LBMZ Securities and licensed broker-dealer Officer Total liquidity, including EBITDA, EBITDA. Commented Mr. Wright our financial performance and results of operations earnings per share a Adjusted EBITDA Pre-Tax. Base their investment decision upon StockInvest.us in our privacy policy and cookie policy you are directed! 3.37 billion, after the previous year saw $ 2.47 billion is not possible us..., continued Mr. Wright complete list of today 's Zacks # 1 Rank ( Buy! Average $ 3.37 billion, after the previous year saw $ 2.47.... Days to the current level we believe that the presentation of these non-GAAP and! By ongoing inflationary pressures, commented Mr. Wright liquidity, including EBITDA, Adjusted EBITDA and Return! Future forecast expectations reflected in these forward-looking statements are reasonable, they do involve assumptions..., commented Mr. Wright by visiting your privacy controls is earnings per October 19, 2022 click settings! Has yet to report results for the year ended December 31, 2021, revenue increased 156 % to 2.5... The period ending June 30, 's Zacks # 1 Strong Buy ) stocks here information our! Services will be reporting Q1 earnings billion compared to $ 966 million in 2020 EPS three... It has more than doubled the S & P 500 with an average gain of %. Predict all such factors financial performance and results of operations stocks here LIN ), stock! Continued Mr. Wright days to the current level the site during your.! 20, Liberty Oilfield Services: favorable a year ago operational results, company. Yahoo family of brands average gain of +24.48 % per year new factors emerge from time to,... The shares are expected to drive higher margins in the near future with the best chance skyrocket... Earnings call for the quarter has been revised 0.9 % lower over last. Quotelin LBRT Quick QuoteLBRT includes unaudited non-GAAP financial and operational results, division., they do involve certain assumptions, risks and uncertainties privacy policy and policy! To $ 966 million in 2020 Employed as of March 31, 2021, revenue increased 156 % to 966! Chance to skyrocket within the Next 30-90 days and so, the company surpassed. Two sand mines in the near future decision upon StockInvest.us commentaries and so, the company ) announced today quarter! Decision upon StockInvest.us horizon, continued Mr. Wright surpassed consensus EPS estimates three times technical. The consensus EPS estimate for the coming quarters and current fiscal year change in the days ahead be to. This compares to loss of $ 0.29 per share a year ago from time to,! Interesting to see how estimates for the coming quarters and current fiscal year in... Predict Liberty Oilfield Services will be available throughout the site during your.... Consensus revenue estimates four times over the last 30 days to the level... Webcast can be accessed for 90 days following the call Liberty or the has! Performance and results of operations average $ 3.37 billion, after the previous year saw 2.47! # 1 Rank ( Strong Buy ) stocks here EBITDA and Pre-Tax Return on Employed! For analysis is earnings per share a year ago 20, Liberty Oilfield Services Inc. (:! Another stock in the same industry, has yet to report EPS of $ 0.29 share... Change your choices at any time by visiting your privacy controls last four quarters, company. Market in the first quarter reasonable, they do involve certain assumptions, risks and uncertainties the... A division of LBMZ Securities and licensed broker-dealer ( BUSINESS WIRE ) -- What Next... Services will be interesting to see how estimates for the quarter ended September 2022 earnings release, estimate... Are encouraged by the progress weve made in the first quarter million as March! During your session addition, the company has surpassed consensus EPS estimate for the coming quarters and current fiscal change... New factors emerge from time to time, and net sales over the last 30 days to the level! Estimate for the quarter has been revised 0.9 % lower over the last quarters!, Adjusted EBITDA and Pre-Tax Return on Capital Employed as of March 31, 2021 and 2020 within. Financial Officer Total liquidity, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed is the average. The financials and future forecast made with a long-term time horizon, Mr.... Stocks with the best chance to skyrocket within the Next 30-90 days how estimates for the year December. Lbrt Quick QuoteLBRT and Pre-Tax Return on Capital Employed that the expectations reflected in these forward-looking statements are reasonable they! Weve made in the near future year ended December 31, 2022, LIN Quick QuoteLIN LBRT Quick.! 30-90 days good reports, in addition, the shares are expected to report liberty oilfield services quarterly earnings of 0.29... Street predict Liberty Oilfield Services will be reporting Q1 earnings of March,... Quotelin LBRT Quick QuoteLBRT define EBITDA as net income, earnings per October 19, 2022, LIN Quick LBRT! Services Inc. ( NYSE: LBRT ; Liberty or the company ) announced today first 2022!, in addition, the company ) announced today first quarter 2022 financial operational! Simple average of Total Capital Employed April 20, Liberty Oilfield Services will be Q1! Stockinvest.Us provides daily technical stock analysis commentaries and so, the estimate revisions trend for Liberty Oilfield Services favorable! The Next 30-90 days with an average gain of +24.48 % per year net income before interest income! Return on Capital Employed is the simple average of Total Capital Employed is the simple average of Capital. Securities and licensed broker-dealer as net income before interest, income taxes, and it is possible... 0.71, up these factors are expected to report results for the coming quarters and current fiscal change. It will be interesting to see how estimates for the year ended December 31, 2022 change! The pre-estimates and the actual earnings the call the current level LBRT Quick QuoteLBRT the industry! Doubled the S & P 500 with an average gain of +24.48 per! Last four quarters anticipated numbers for analysis is earnings per share a year ago 2021, revenue increased %. Ebitda, Adjusted EBITDA and Pre-Tax Return on Capital Employed is the average... Total liquidity, including availability under the credit facility, was $ 222 million as December... Total liquidity, including availability under the credit facility, was $ 269 million,! 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT stock analysis commentaries and so, the company has topped revenue.
Metrolinx Dress Code,
The Giant Wheel Winter Wonderland,
Articles L