Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . This quarterly report represents an earnings surprise of 205.56%. 22,551 sqft lot. share because it indicates how much the company earned for its shareholders. These returns cover a period from January 1, 1988 through December 5, 2022. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia See our report's 7 new picks today, absolutely FREE. 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. We are encouraged by the progress weve made in the first quarter. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. Revenues are . 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. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. This compares to loss of $0.29 per share a year ago. Below you can see how LBRT performed 4 days prior and 4 days after releasing the So, the shares are expected to outperform the market in the near future. 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. Zacks->. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. 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. You can change your choices at any time by visiting your privacy controls. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. 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. 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. So, the shares are expected to outperform the market in the near future. 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 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 . NASDAQ data is at least 15 minutes delayed. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. Over the last four quarters, the company has surpassed consensus EPS estimates two times. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. Delayed quotes by Sungard. 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. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. Zacks Ranks stocks can, and often do, change throughout the month. 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. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. This compares to loss of $0.22 per share a. 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. Find out more about how we use your information in our privacy policy and cookie policy. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Integration-related costs are still with us today, impacting our bottom-line results. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. 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. 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. Adjusted EBITDA is a non-GAAP financial measure. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 replay will be available until February 16, 2022. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 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. Today, you can download 7 Best Stocks for the Next 30 Days. Chief Financial Officer 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. The Manpower brand offers contingent staffing and permanent recruitment. 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. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. of growth expectations in the future. This information can give you a slight idea of what you might expect for the next quarter's release. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $0.29 per share a year ago. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. IR@libertyfrac.com, Internet Explorer presents a security risk. Participants should ask to join Libertys call. 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? 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. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. We also set many operational records during 2021. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. This quarterly report represents an earnings surprise of 23.81%. So, the shares are expected to outperform the market in the near future. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. GAAP). Liberty is headquartered in Denver, Colorado. 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. A live webcast will be available at http://investors.libertyfrac.com. This widely-known . We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreement resulting in a gain. Forward-Looking and Cautionary Statements. We also expect margin growth as our new strategic efforts begin to pay dividends in lowering our cost of operations and increasing efficiency, commented Mr. Wright. 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. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. This compares to year-ago revenues of $653.73 million. LBRT Quick Quote. 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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. If you do not, click Cancel. What's Next for Liberty Oilfield Services? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. E&P operators are responding to oil and gas price signals. Net loss attributable to controlling and non-controlling interests. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Total liquidity, including availability under the credit facility, was $269 million. 4 Baths. 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.Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. (Find current average P/E ratios for all sectors below). Terms of Use and Privacy Policy. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. 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. Energy enables everything we do, and our passion is to energize the world. dividend. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended March 31, 2022, December 31, 2021, and March 31, 2021 exclude weighted average shares of Class B common stock (2,092, 2,581, and 16,333, respectively) and restricted stock units (4,745, 4,039, and 3,326, respectively) outstanding during the period. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. 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 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. 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. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. Liberty Oilfield Services (. 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. The results are expected to be released on July 27. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: 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%. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. Earnings reports generally provide an update of all three financial statements, including the income statement, Michael Stock 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. 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. The results are expected to be released on October 27. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. This compares to loss of $0.22 per share a year ago. 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 Energy. 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