Liberty Energy Inc. (LBRT) - free report >>. Revenues are . 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 Energy. 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 agreement, Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income to EBITDA and Adjusted EBITDA, Gain on remeasurement of liability under tax receivable agreement, Calculation of Pre-Tax Return on Capital Employed. alongside a more general view of the financials and future forecast. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. 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. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. The Manpower brand offers contingent staffing and permanent recruitment. 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. 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. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. To learn more, click here. Total liquidity, including availability under the credit facility, was $269 million. A higher P/E ratio shows that investors are willing to pay a higher share price today because The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. 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. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Copyright Liberty Oilfield Services LLC 2023. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. 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. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. GAAP). Summary Results and Highlights. Paterna House / Villa. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? of growth expectations in the future. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. We, Yahoo, are part of the Yahoo family of brands. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. 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%. 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%. 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 . When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. 5,587 sqft. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 303-515-2851 Is your stock priced above or below the average P/E ratio? Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. What's Next for Liberty Oilfield Services? You can change your choices at any time by visiting your privacy controls. 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. 22,551 sqft lot. Adjusted EBITDA is a non-GAAP financial measure. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. (amounts in thousands, except for per share and fleet data), Costs of services, excluding depreciation and amortization shown separately, Gain on remeasurement of liability under tax receivable agreement (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. Best General cleaning services in Paterna, Valencian Community. Terms of Use and Privacy Policy. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. What's Next for Liberty Oilfield Services? If you wish to go to ZacksTrade, click OK. Plus500. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. StockInvest.us provides daily technical stock analysis commentaries and These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. The company has topped consensus revenue estimates four times over the last four quarters. ET LBRT earnings call for the period ending June 30,. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The passcode for the replay is 1068517. This compares to year-ago revenues of $581.29 million. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. The company has topped consensus revenue estimates four times over the last four quarters. Revenues. 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. Zacks->. 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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Visit Performance Disclosure for information about the performance numbers displayed above. All users should speak with their financial advisor before buying or selling any securities. 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? Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Liberty Oilfield Services (LBRT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. 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. 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. This compares to year-ago revenues of $653.73 million. Visit www.zacksdata.com to get our data and content for your mobile app or website. The webcast can be accessed for 90 days following the call. The company is expected to report EPS of $0.71, up . However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. Click Manage settings for more information and to manage your choices. Below you can see how LBRT performed 4 days prior and 4 days after releasing the This quarterly report represents an earnings surprise of 205.56%. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. See our report's 7 new picks today, absolutely FREE. Net loss attributable to Liberty Oilfield Services Inc. stockholders $ (55,589 ) $ (38,890 ) $ (37,030 ) $ (179,244 ) $ (115,583 ) Net loss attributable to Liberty Oilfield Services Inc . 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 . Do Not Sell My Personal Information (CA Residents Only). Copy and paste multiple symbols separated by spaces. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. 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%. 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. 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