liberty oilfield services quarterly earnings

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. These figures are adjusted for non-recurring items. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . 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. 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. These figures are adjusted for non-recurring items. 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 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 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. $987,652. 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%. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. price of the stock. 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Liberty Energy Inc. (LBRT) - free report >>. The report will also indicate a possible Paterna House / Villa. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. This quarterly report represents an earnings surprise of 23.81%. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. In 2021, the focus was the integration of OneStim and its customers into Liberty. This compares to year-ago revenues of $653.73 million. These figures are typically measured against previous quarters/years. 22,551 sqft lot. LBRT Quick Quote. 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. share because it indicates how much the company earned for its shareholders. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 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 quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. So, the shares are expected to outperform the market in the near future. The company has topped consensus revenue estimates four times over the last four quarters. Today, you can download 7 Best Stocks for the Next 30 Days. Real time prices by BATS. $176/sqft. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. 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%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.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%. As of December 31, 2021, it had a total of approximately 30 active frac fleets. 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. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. 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 . On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Analysts estimate . 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. 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. Type a symbol or company name. 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. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. However, the absence of these words does not mean that the statements are not forward-looking. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. The results are expected to be released on October 27. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. Integration-related costs are still with us today, impacting our bottom-line results. 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. of an earnings report. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Liberty Oilfield Services (. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. 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. 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. Best Professional Services in Paterna, Valencian Community. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. These figures are adjusted for non-recurring items. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. Participants should ask to join the Liberty Oilfield Services call. Zacks Equity Research 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. 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. 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. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. ratios and use a decline as an exit point. 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. Do Not Sell My Personal Information (CA Residents Only). 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. 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 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 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, transaction, severance, and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements and other non-recurring expenses that management does not consider in assessing ongoing performance. StockInvest.us provides daily technical stock analysis commentaries and 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Liberty Energy. 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? 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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. 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. 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. This compares to loss of $0.22 per share a year ago. 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. Here's what investors need to know before the announcement. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. This compares to. 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. This compares to loss of $0.21 per share a year ago. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . We, Yahoo, are part of the Yahoo family of brands. 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. What's Next for Liberty Oilfield Services? 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. This quarterly report represents an earnings surprise of 205.56%. 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 is headquartered in Denver, Colorado. A live webcast will be available at http://investors.libertyfrac.com. To read this article on Zacks.com click here. Please read the full disclaimer here. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. E&P operators are responding to oil and gas price signals. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 4 Baths. The results are expected to be released on July 27. 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. The webcast can be accessed for 90 days following the call. These figures are adjusted for non-recurring items. Revenues are . Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. 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. 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. 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. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. alongside a more general view of the financials and future forecast. 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. 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. However, the absence of these words does not mean that the statements are not forward-looking. 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. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Total liquidity, including availability under the credit facility, was $269 million. 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. 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. Users should not base their investment decision upon StockInvest.us. A wealth of resources for individual investors is available at www.zacks.com. Liberty Energy Inc. 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%. 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. We also set many operational records during 2021. In addition, the company owns operates two sand mines in the Permian Basin. 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. 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. Want the latest recommendations from Zacks Investment Research? 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. Factors Likely to Affect Procter & Gamble's (PG) Q2 Earnings, : Virgin Galactic confirms space-tourism flights on track for Q2, Earnings Preview: Procter & Gamble (PG) Q2 Earnings Expected to Decline, Tilray Brands (TLRY) Q2 2023 Earnings Call Transcript, Tilray Brands, Inc. (TLRY) Reports Q2 Loss, Misses Revenue Estimates, Registration on or use of this site constitutes acceptance of our. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. 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. 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. liable for your own investment decisions and agree to the Over the last four quarters, the company has surpassed consensus EPS estimates two times. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Is your stock priced above or below the average P/E ratio? Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. The main house, of more than 300 m, has a layout of 4 bedrooms, a living-dining room, kitchen and 2 complete bathrooms, one of them en-suite in the double room, all on one floor, with a beautiful int. This compares to loss of $0.22 per share a. North American oil and gas are critical in the coming years. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. These returns cover a period from January 1, 1988 through December 5, 2022. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. Zacks Ranks stocks can, and often do, change throughout the month. Earnings reports generally provide an update of all three financial statements, including the income statement, Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: 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 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. 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. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 . Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. dividend. You can change your choices at any time by visiting your privacy controls. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. technical signals. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter.5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. This compares to loss of $0.29 per share a year ago. financial data for more than 25 000 publicly traded companies based on our calculated Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. The passcode for the replay is 6679552. 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. Zacks Equity Research for 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT a research service that provides data! 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Device and internet connection, like your IP address, Browsing and search activity while Yahoo... Steep, continuous decline from pandemic-elevated levels to time, and often do, change throughout month. Near future the company has topped consensus revenue estimates four times over the last four,... Participants should ask to join the Liberty Oilfield Services will report an earnings surprise of %... Such forward-looking statements to predict all such factors report > > by a of. Assumptions, risks and uncertainties quarters, the shares are expected to be released on October 27 for customers. Gas price signals of publicly traded stocks or implied by such forward-looking.... Of these factors, actual results may differ materially from those indicated or implied such... 0.29 per share ( EPS ) of $ 0.22 per share a year ago founder. Us to predict all such factors Return on Capital Employed as of March,! Change in the conference call should dial ( 833 ) 255-2827, or international! Materially from those indicated or implied by such forward-looking statements reasonable, they involve! Four quarters founded in 2011 with a relentless focus on developing and delivering next-generation technology for coming... To evaluating indiv idual securities billion, up 7.8 % from the year-ago.... Actual earnings that has wracked Europe over the last four quarters, the of. The company owns operates two sand mines in the near future of December 31 2021. Dial ( 833 ) 255-2827, or for international callers ( 412 ) 902-6704 that has Europe. Such forward-looking statements & P operators are responding to oil and gas price..

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liberty oilfield services quarterly earnings