Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. (Find current average P/E ratios for all sectors below). 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. 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. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Liberty Oilfield Services Inc. Stock Earnings Report. Real time prices by BATS. These figures are adjusted for non-recurring items. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. liable for your own investment decisions and agree to the Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. 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. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. Net loss1 (after taxes) totaled $57 million for the fourth quarter of 2021 compared to net loss1 of $39 million in the third quarter of 2021. Click Manage settings for more information and to manage your choices. One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. All users should speak with their financial advisor before buying or selling any securities. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Liberty is headquartered in Denver, Colorado. In addition, the company owns operates two sand mines in the Permian Basin. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Do Not Sell My Personal Information (CA Residents Only). 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Copy and paste multiple symbols separated by spaces. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Participants should ask to join Libertys call. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. 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. 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%. 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 . Liberty Energy Inc. (LBRT) - free report >>. Zacks Equity Research 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 compares to loss of $0.29 per share a. 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. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. The company has topped consensus revenue estimates four times over the last four quarters. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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%. 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. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. To read this article on Zacks.com click here. The webcast can be accessed for 90 days following the call. IR@libertyfrac.com. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, 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. 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. DENVER--(BUSINESS WIRE)-- The results are expected to be released on July 27. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. North American oil and gas are critical in the coming years. Over the last four quarters, the company has surpassed consensus EPS estimates three times. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Michael Stock Today, you can download 7 Best Stocks for the Next 30 Days. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Type a symbol or company name. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. A live webcast will be available at http://investors.libertyfrac.com. A live webcast will be available at http://investors.libertyfrac.com. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Fully diluted loss per share was $0.31 for the fourth quarter of 2021, a decrease from $0.22 for the third quarter of 2021. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. This quarterly report represents an earnings surprise of 205.56%. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. 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. 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%. NASDAQ data is at least 15 minutes delayed. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. Get prepared with the key expectations. However, the prize was large and our team worked in overdrive to bring nearly 2,000 new team members into Liberty while continuing to deliver superior service performance to all of our customers, both legacy and new. 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%. 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 compares to year-ago revenues of $653.73 million. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. This compares to . LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Analysts estimate . Liberty Energy. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Best General cleaning services in Paterna, Valencian Community. 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. 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. 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. 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current 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. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. The results are expected to be released on October 27. This includes personalizing content and advertising. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. If you wish to go to ZacksTrade, click OK. This compares to loss of $0.22 per share a. 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. NYSE and AMEX data is at least 20 minutes delayed. 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. 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. Tight oil and natural gas markets, coupled with geopolitical tensions in many key oil and gas producing regions, have all eyes on North American supply. Participants should ask to join the Liberty Oilfield Services call. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. A Tale of Two Investors: Which One Are You? 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. As of December 31, 2021, it had a total of approximately 30 active frac fleets. These figures are typically measured against previous quarters/years. 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. 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. 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%. 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. 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