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. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. (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. 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. This compares to loss of $0.29 per share a year ago. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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%. 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. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 Please read the full disclaimer here. This quarterly report represents an earnings surprise of 23.81%. 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. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) North American oil and gas are critical in the coming years. Get prepared with the key expectations. 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. The term loan requires only a 1% annual amortization of principal, paid quarterly. (Find current average P/E ratios for all sectors below). 4 Baths. Forward-Looking and Cautionary Statements. 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. DENVER--(BUSINESS WIRE)-- Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. 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. Today, you can download 7 Best Stocks for the Next 30 Days. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. decisions whether to buy, sell, or stay in the company. Zacks Ranks stocks can, and often do, change throughout the month. 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. 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 enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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. Net loss attributable to controlling and non-controlling interests. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. earnings report. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. IR@libertyfrac.com. Liberty is headquartered in Denver, Colorado. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 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. However, the absence of these words does not mean that the statements are not forward-looking. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. The report will also indicate a possible This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. Looking at the earnings report investors can start gauge the financial health of the company and make even better 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. These returns cover a period from January 1, 1988 through December 5, 2022. You can change your choices at any time by visiting your privacy controls. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . This compares to loss of $0.22 per share a year ago. Liberty Energy. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks->. 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. 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. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. A live webcast will be available at http://investors.libertyfrac.com. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. was founded in 2011 and is headquartered in Denver, Colorado. NASDAQ data is at least 15 minutes delayed. 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. IR@libertyfrac.com, Internet Explorer presents a security risk. 6 Beds. 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. The current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal year. Liberty Energy Inc. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. Summary Results and Highlights. Click Manage settings for more information and to manage your choices. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. Liberty Energy Inc. (LBRT) - free report >>. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Zacks Equity Research View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. Revenues are . You can change your choices at any time by visiting your privacy controls. We are excited for the opportunity ahead and are investing to build truly differential competitive advantages in frac fleet technology, digital systems, and logistics optimization bolstered by the PropX acquisition. Liberty Oilfield Services (LBRT Quick Quote LBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share.This compares to loss . Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. 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. financial data for more than 25 000 publicly traded companies based on our calculated Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. This quarterly report represents an earnings surprise of 23.81%. 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. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. Today, you can download 7 Best Stocks for the Next 30 Days. 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. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. 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. liable for your own investment decisions and agree to the Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. 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. This quarterly report represents an earnings surprise of 81.25%. To read this article on Zacks.com click here. 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%. Best Professional Services in Paterna, Valencian Community. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. ( BUSINESS WIRE ) -- Previous recommendations have soared up to +178.7 % in months! Since 1988 it has more than doubled the S & P 500 with an average gain of +24.48 % year. 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