These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. 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%. 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 quarterly report represents an earnings surprise of 205.56%. 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. North American oil and gas are critical in the coming years. Today, that discovery is still the heart of the Zacks Rank. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. 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, Yahoo, are part of the Yahoo family of brands. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. Copy and paste multiple symbols separated by spaces. 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%. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. liable for your own investment decisions and agree to the Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. 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. Earnings reports generally provide an update of all three financial statements, including the income statement, Adjusted EBITDA is a non-GAAP financial measure. IR@libertyfrac.com. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 79% of retail CFD accounts lose money, Liberty Oilfield Services (LBRT) Stock Sinks As Market Gains: What You Should Know, Liberty Oilfield Services (LBRT) Gains But Lags Market: What You Should Know, Liberty Oilfield Services (LBRT) Upgraded to Strong Buy: Here's What You Should Know, Wall Street Analysts Believe Liberty Oilfield Services (LBRT) Could Rally 48.17%: Here's is How to Trade, Liberty Oilfield Services (LBRT) Is Attractively Priced Despite Fast-paced Momentum, Morgan Stanley Keeps Their Buy Rating on Liberty Oilfield Services (LBRT), Here's Why Liberty Oilfield Services (LBRT) is a Strong Growth Stock, Registration on or use of this site constitutes acceptance of our. 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%. A higher P/E ratio shows that investors are willing to pay a higher share price today because 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%. 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%. 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 excited for the opportunity ahead and are investing to build truly differential competitive advantages in frac fleet technology, digital systems, and logistics optimization bolstered by the PropX acquisition. This compares to year-ago revenues of $653.73 million. alongside a more general view of the financials and future forecast. What's Next for Liberty Oilfield Services? Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. 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. 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 compares to year-ago revenues of $581.29 million. IR@libertyfrac.com, Internet Explorer presents a security risk. Find out more about how we use your information in our privacy policy and cookie policy. LBRT Quick Quote. This widely-known . In addition, the company owns operates two sand mines in the Permian Basin. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Visit www.zacksdata.com to get our data and content for your mobile app or website. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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? We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. This quarterly report represents an earnings surprise of 23.81%. 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 . 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 . 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. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. (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. Click Manage settings for more information and to manage your choices. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. Chief Financial Officer 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. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. 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. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. 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. 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. 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. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. The results are expected to be released on October 27. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. 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%. 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. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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 View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock We are encouraged by the progress weve made in the first quarter. So, the shares are expected to outperform the market in the near future. 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. 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. This compares to loss of $0.29 per share a year ago. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. GAAP). 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. Below you can see how LBRT performed 4 days prior and 4 days after releasing the 303-515-2851 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. So, the shares are expected to outperform the market in the near future. 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. Liberty Oilfield Services (. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. 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. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Real time prices by BATS. 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. The company has topped consensus revenue estimates four times over the last four quarters. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial decisions whether to buy, sell, or stay in the company. 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 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. ZacksTrade and Zacks.com are separate companies. ratios and use a decline as an exit point. These figures are adjusted for non-recurring items. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. 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. 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 . These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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 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. 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 customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. The monthly returns are then compounded to arrive at the annual return. Despite good reports, This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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. 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. You can change your choices at any time by visiting your privacy controls. 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. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +336.7%. 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. the balance sheet, and the cash flow statement. This compares to year-ago revenues of $653.73 million. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Revenues are . The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Copyright Liberty Oilfield Services LLC 2023. 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. We, Yahoo, are part of the Yahoo family of brands. New factors emerge from time to time, and it is not possible for us to predict all such factors. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. The report will also indicate a possible As of June 30, 2021, Liberty had cash on hand of $31 million, a decrease from first quarter levels as working capital increased, and total debt of $106 million, net of deferred financing costs and . Statements, including the income statement, adjusted EBITDA is a non-GAAP measure... Ron Gusek, President, and it is not presented in accordance with generally accepted accounting principles in near. 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