Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. A Tale of Two Investors: Which One Are You? This quarterly report represents an earnings surprise of 81.25%. the balance sheet, and the cash flow statement. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. The results are expected to be released on October 27. These returns cover a period from January 1, 1988 through December 5, 2022. We, Yahoo, are part of the Yahoo family of brands. The company has topped consensus revenue estimates four times over the last four quarters. 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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 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. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. technical signals. Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. This compares to loss of $0.29 per share a year ago. 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. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. New factors emerge from time to time, and it is not possible for us to predict all such factors. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Plus500. 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. Energy enables everything we do, and our passion is to energize the world. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. 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. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. 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. Terms of Use and Privacy Policy. ET. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. 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. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. A higher P/E ratio shows that investors are willing to pay a higher share price today because Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. 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 Energy Inc. (LBRT) - free report >>. Also, you can see the pre-estimates and the actual earnings. Over the last four quarters, the company has surpassed consensus EPS estimates two times. 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 . Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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%. We also set many operational records during 2021. ET LBRT earnings call for the period ending June 30,. In addition, the company owns operates two s LBRT Profile. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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 . Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. 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. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. 22,551 sqft lot. 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 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. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. In the last reported quarter, the oilfield service provider's adjusted earnings. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. These figures are adjusted for non-recurring items. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. GAAP). The replay will be available until February 16, 2022. 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. 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. 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. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. This compares to loss of $0.29 per share a. 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. 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. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 Liberty Energy. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Net loss attributable to controlling and non-controlling interests. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. 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. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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 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 . We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. (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. alongside a more general view of the financials and future forecast. Copy and paste multiple symbols separated by spaces. 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. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. 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. The results are expected to be released on July 27. 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%. 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. 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. 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. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. The passcode for the replay is 6679552. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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