Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. So, the shares are expected to outperform the market in the near future. LBRT Quick Quote. 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. 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. We were simply not willing to sacrifice customer service, employee satisfaction and safety, each of which is critical to long-term financial success, even though there was a financial cost to our 2021 financial results. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Oct. 19, 2022, 06:05 PM Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. E&P operators are responding to oil and gas price signals. 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. These figures are adjusted for non-recurring items. 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 quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. We, Yahoo, are part of the Yahoo family of brands. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. 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. 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. 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. We, Yahoo, are part of the Yahoo family of brands. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. If you wish to go to ZacksTrade, click OK. Zacks Investment Research, Plus500. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Here's what investors need to know before the announcement. Adjusted EBITDA is a non-GAAP financial measure. 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. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. Liberty is headquartered in Denver, Colorado. In our eleven-year history we have seen two deep downturns, 2015 to 2016 and the recent Covid-induced downturn, and we have executed transformative transactions during both. Real time prices by BATS. However, the absence of these words does not mean that the statements are not forward-looking. We are encouraged by the progress weve made in the first quarter. 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? Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 303-515-2851 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. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. Analysts estimate . 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. 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. 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. The report will also indicate a possible 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. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Liberty is headquartered in Denver, Colorado. These figures are adjusted for non-recurring items. 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%. 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. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. Restrained global investment since the last oil and gas downturn has led to supply challenges at a time where worldwide demand for energy is growing and expected to surpass pre-pandemic levels in 2022. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Below you can see how LBRT performed 4 days prior and 4 days after releasing the Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. 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 . ET. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 6 Beds. 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. Chief Financial Officer Participants should ask to join the Liberty Oilfield Services call. Over the last four quarters, the company has surpassed consensus EPS estimates three times. DENVER--(BUSINESS WIRE)-- The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. It is natural for stocks to start to move in either direction a few days before the release Copy and paste multiple symbols separated by spaces. Net loss attributable to controlling and non-controlling interests. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . 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. This compares to year-ago revenues of $581.29 million. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. IR@libertyfrac.com, Internet Explorer presents a security risk. The company has topped consensus revenue estimates four times over the last four quarters. You can change your choices at any time by visiting your privacy controls. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 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. 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 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. This compares to loss of $0.29 per share a year ago. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, Summary Results and Highlights. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. decisions whether to buy, sell, or stay in the company. Terms of Use and Privacy Policy. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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