liberty oilfield services quarterly earnings

E&P operators are responding to oil and gas price signals. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. These figures are adjusted for non-recurring items. 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. Zacks Investment Research, Plus500. 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. price of the stock. As of December 31, 2021, it had a total of approximately 30 active frac fleets. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Type a symbol or company name. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. 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. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. We expect continued modest rises in frac pricing in subsequent quarters. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Despite good reports, 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 results are expected to be released on July 27. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. 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. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Here's what investors need to know before the announcement. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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? In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Users should not base their investment decision upon StockInvest.us. 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. Copyright Liberty Oilfield Services LLC 2023, https://www.businesswire.com/news/home/20220420006083/en/, Integration of PropX logistics and software solutions improved frac operations in the first quarter, Liberty wireline completed the longest-ever lateral length and deepest measured depth well onshore in, Multiple operational pumping records, including 75 hours of continuous plug and perf pump time. 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. 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. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. What's Next for Liberty Oilfield Services? 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. (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. 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. 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. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. These figures are typically measured against previous quarters/years. This compares to loss of $0.22 per share a. 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. 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. The company has topped consensus revenue estimates four times over the last four quarters. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Want the latest recommendations from Zacks Investment Research? 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 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%. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. $176/sqft. of growth expectations in the future. 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. 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. Below you can see how LBRT performed 4 days prior and 4 days after releasing the Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. The modest, below stated plan, increases in OPEC supply and release of global emergency oil reserves are simply not enough to supply a rebounding world economy. at 25 times today's earnings. 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.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 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. 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. A higher P/E ratio shows that investors are willing to pay a higher share price today because 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. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. 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. 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). We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. 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. 303-515-2851 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. Zacks Ranks stocks can, and often do, change throughout the month. This compares to loss of $0.22 per share a year ago. So, the shares are expected to outperform the market in the near future. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. Liberty Energy Inc. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. ET. Liberty Energy Inc. (LBRT) - free report >>. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Forward-Looking and Cautionary 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. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. However, the absence of these words does not mean that the statements are not forward-looking. Delayed quotes by Sungard. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. ZacksTrade and Zacks.com are separate companies. Michael Stock 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. In addition, the company owns operates two s LBRT Profile. 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, 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%. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: The company has topped consensus revenue estimates four times over the last four quarters.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.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%.What's Next for Liberty Oilfield Services?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?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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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