View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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.One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. 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%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. IR@libertyfrac.com. 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. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. 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. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. The webcast can be accessed for 90 days following the call. 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. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. 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. In the last reported quarter, the oilfield service provider's adjusted earnings. This quarterly report represents an earnings surprise of 81.25%. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. 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 . 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. Chief Financial Officer 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. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 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. 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. This compares to year-ago revenues of $581.29 million. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Although Russian export volumes of oil and gas have been only modestly impacted so far, uncertainty regarding potential future impacts of sanctions and buyer aversion to Russian hydrocarbons presents significant risk to future supply and demand balances. 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. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. Net loss before income taxes for the fourth quarter of 2021 included non-recurring transaction, severance and other costs of $3.0 million compared to $1.6 million in the third quarter of 2021. This compares to loss of $0.22 per share a. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. 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. 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. Real time prices by BATS. In our eleven-year history we have seen two deep downturns, 2015 to 2016 and the recent Covid-induced downturn, and we have executed transformative transactions during both. 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. Zacks->. Participants should ask to join Libertys call. 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. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. 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. Total liquidity, including availability under the credit facility, was $269 million. financial data for more than 25 000 publicly traded companies based on our calculated Receive SEC Filings, Events, Press Releases and Stock Price Alerts. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. at 25 times today's earnings. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. 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. Forward-Looking and Cautionary Statements. (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. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. 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. 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 . This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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 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. share because it indicates how much the company earned for its shareholders. The results are expected to be released on July 27.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%. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. 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. 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. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . This compares to year-ago revenues of $653.73 million. Do Not Sell My Personal Information (CA Residents Only). Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Liberty Oilfield Services Inc. Stock Earnings Report. 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. 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. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. We are encouraged by the progress weve made in the first quarter. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Announces Third Quarter 2022 Financial and Operational Results, Fourth Quarter 2022 Earnings Conference Call, Third Quarter 2022 Earnings Conference Call, View our leaders, Board of Directors, Committees and Governance Documents. This compares to loss of $0.29 per share a year ago. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. This widely-known . A wealth of resources for individual investors is available at www.zacks.com. 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. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. In 2021, the focus was the integration of OneStim and its customers into Liberty. 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. Watch. Terms of Use and Privacy Policy. To read this article on Zacks.com click here. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. Delayed quotes by Sungard. (share counts presented in 000s). Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. 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%. 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. 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. This quarterly report represents an earnings surprise of 23.81%. dividend. ET LBRT earnings call for the period ending June 30,. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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%. 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. 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 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 symbols will be available throughout the site during your session. 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. These figures are adjusted for non-recurring items. One of the most anticipated numbers for analysis is earnings per Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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). Today, that discovery is still the heart of the Zacks Rank. 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. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. 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. This compares to. 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. A Tale of Two Investors: Which One Are You? decisions whether to buy, sell, or stay in the company. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. 303-515-2851 So, the shares are expected to outperform the market in the near future. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Participants should ask to join the Liberty Oilfield Services call. The passcode for the replay is 6679552. Liberty is headquartered in Denver, Colorado. Summary Results and Highlights. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. However, the absence of these words does not mean that the statements are not forward-looking. 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. 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%. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive Officer. of an earnings report. 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%. This compares to loss of $0.29 per share a. earnings report. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Liberty is headquartered in Denver, Colorado. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. As of December 31, 2021, it had a total of approximately 30 active frac fleets. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. This includes personalizing content and advertising. 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. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. 6 Beds. 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%. Type a symbol or company name. Net loss attributable to controlling and non-controlling interests. Liberty Energy. technical signals. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. To read this article on Zacks.com click here. Over the last four quarters, the company has surpassed consensus EPS estimates two times. 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. What's Next for Liberty Oilfield Services? You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. New factors emerge from time to time, and it is not possible for us to predict all such factors. 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. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. Zacks Equity Research for Zacks Ranks stocks can, and often do, change throughout the month. Plus500. ET. 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 . 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. Chief Financial Officer The Manpower brand offers contingent staffing and permanent recruitment. 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 Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Looking at the earnings report investors can start gauge the financial health of the company and make even better 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. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. Liberty Oilfield Services (LBRT Quick QuoteLBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 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. One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . Want the latest recommendations from Zacks Investment Research? See our report's 7 new picks today, absolutely FREE. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? Click Manage settings for more information and to manage your choices. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Best Professional Services in Paterna, Valencian Community. Type a symbol or company name. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Zacks Equity Research The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. Today, you can download 7 Best Stocks for the Next 30 Days. Visit www.zacksdata.com to get our data and content for your mobile app or website. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The monthly returns are then compounded to arrive at the annual return. By using the site you agree and are held 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. E&P operators are responding to oil and gas price signals. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. $987,652. 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. This compares to year-ago revenues of $653.73 million. Paterna House / Villa. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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. So, the shares are expected to outperform the market in the near future. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Billion, up 1.6 % from the year-ago quarter indiv idual securities up liberty oilfield services quarterly earnings. Q2 earnings, or otherwise approved or endorsed by the companies represented.... Factors emerge from time to time, and Michael stock, Chief liberty oilfield services quarterly earnings Officer, Ron Gusek President! Customers into Liberty participants should ask to join the Liberty Oilfield Services call coming years continued! 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