liberty oilfield services quarterly earnings

Forward-Looking and Cautionary Statements. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. 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. 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%. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. 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). Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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 company has topped consensus revenue estimates four times over the last four quarters. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. We are encouraged by the progress weve made in the first quarter. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Best Professional Services in Paterna, Valencian Community. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. However, the absence of these words does not mean that the statements are not forward-looking. This information can give you a slight idea of what you might expect for the next quarter's release. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. This quarterly report represents an earnings surprise of 23.81%. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. 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. Liberty is headquartered in Denver, Colorado. If you do not, click Cancel. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. decisions whether to buy, sell, or stay in the company. Please read the full disclaimer here. 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 Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. Copy and paste multiple symbols separated by spaces. The report will also indicate a possible 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. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: (Find current average P/E ratios for all sectors below). It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. 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. So, the shares are expected to outperform the market in the near future. Over the last four quarters, the company has surpassed consensus EPS estimates two times. 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. 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. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Terms of Use and Privacy Policy. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. This compares to loss of $0.22 per share a year ago. liable for your own investment decisions and agree to the Although Russian export volumes of oil and gas have been only modestly impacted so far, uncertainty regarding potential future impacts of sanctions and buyer aversion to Russian hydrocarbons presents significant risk to future supply and demand balances. This compares to loss of $0.22 per share a year ago. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. This compares to loss of $0.21 per share a year ago. 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. Real time prices by BATS. 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. Zacks Equity Research for Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. 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. These figures are adjusted for non-recurring items. 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? 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. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. Net loss before incomes taxes totaled $178 million for the year ended December 31, 2021 compared to $192 million for the year ended December 31, 2020. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. 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. DENVER--(BUSINESS WIRE)-- This compares to loss of $0.22 per share a. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 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. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. In 2021, the focus was the integration of OneStim and its customers into Liberty. In addition, the company owns operates two s LBRT Profile. $987,652. 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%. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive Officer. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. share because it indicates how much the company earned for its shareholders. Delayed quotes by Sungard. What's Next for Liberty Oilfield Services? To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. ET. Factors Likely to Affect Procter & Gamble's (PG) Q2 Earnings, : Virgin Galactic confirms space-tourism flights on track for Q2, Earnings Preview: Procter & Gamble (PG) Q2 Earnings Expected to Decline, Tilray Brands (TLRY) Q2 2023 Earnings Call Transcript, Tilray Brands, Inc. (TLRY) Reports Q2 Loss, Misses Revenue Estimates, Registration on or use of this site constitutes acceptance of our. This compares to loss of $0.29 per share a year ago. What's Next for Liberty Oilfield Services? 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. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. ET LBRT earnings call for the period ending June 30,. 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. Earnings reports generally provide an update of all three financial statements, including the income statement, Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Here's what investors need to know before the announcement. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. What's Next for Liberty Oilfield Services? You can change your choices at any time by visiting your privacy controls. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. Looking at the earnings report investors can start gauge the financial health of the company and make even better 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. 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%. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. ZacksTrade and Zacks.com are separate companies. Adjusted EBITDA is a non-GAAP financial measure. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock The company is expected to report EPS of $0.71, up . 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. 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. Net loss attributable to controlling and non-controlling interests. of an earnings report. Liberty Energy Inc. (LBRT) - free report >>. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. 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. We, Yahoo, are part of the Yahoo family of brands. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. New factors emerge from time to time, and it is not possible for us to predict all such factors. These symbols will be available throughout the site during your session. A live webcast will be available at http://investors.libertyfrac.com. 303-515-2851 6 Beds. Zacks Investment Research, Plus500. 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. These figures are typically measured against previous quarters/years. This compares to year-ago revenues of $653.73 million. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. 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? 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.