79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Liberty Oilfield Services (. decisions whether to buy, sell, or stay in the company. 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. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. This quarterly report represents an earnings surprise of 23.81%. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial 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. Type a symbol or company name. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $0.22 per share a. 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. DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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 . 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. 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. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. 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. 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. 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. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. 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 and non-recurring expenses that management does not consider in assessing ongoing performance. 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%. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. For example, a company with a current P/E of 25, trades We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. The results are expected to be released on July 27. 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. 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. 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. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. Best General cleaning services in Paterna, Valencian Community. (share counts presented in 000s). Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. Please see the supplemental financial information in the table under Reconciliation of Net Income (Loss) 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. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. In addition, the company owns operates two s LBRT Profile. 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. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. 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%. 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 shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. 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. 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%. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. 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. Today, that discovery is still the heart of the Zacks Rank. 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. The monthly returns are then compounded to arrive at the annual return. featured in The Global Fintech Index 2020 as the top Fintech company of the country. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. Find out more about how we use your information in our privacy policy and cookie policy. 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. However, the absence of these words does not mean that the statements are not forward-looking. 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. Chief Financial Officer (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. Visit Performance Disclosure for information about the performance numbers displayed above. Click Manage settings for more information and to manage your choices. This includes personalizing content and advertising. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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 . We expect continued modest rises in frac pricing in subsequent quarters. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Revenue of $684 million for the quarter ended December 31, 2021, a 5% increase from the third quarter, Acquisition and integration of OneStim and PropX to optimize Liberty platform with enhanced technology and scale, Record revenue, proppant and stages pumped in 2021, Best safety performance in Company history in 2021. 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. Also, you can see the pre-estimates and the actual earnings. Forward-Looking and Cautionary Statements. Pre-tax Return on Capital Employed is the ratio of pre-tax net income (loss) for the twelve months ended March 31, 2022 to Average Capital Employed. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. 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. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. 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. Liberty Energy. 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 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%. ratios and use a decline as an exit point. To read this article on Zacks.com click here. 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. 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. 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 . 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%. Zacks Ranks stocks can, and often do, change throughout the month. 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. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. To read this article on Zacks.com click here. Earnings reports generally provide an update of all three financial statements, including the income statement, 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. $176/sqft. alongside a more general view of the financials and future forecast. (amounts in thousands, except for per share and fleet data), Costs of services, excluding depreciation and amortization shown separately, Gain on remeasurement of liability under tax receivable agreement (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. Get prepared with the key expectations. 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. Revenues. This compares to loss of $0.21 per share a year ago. 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. Analysts estimate . 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 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. These figures are adjusted for non-recurring items. Participants should ask to join Libertys call. 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. dividend. 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. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. These returns cover a period from January 1, 1988 through December 5, 2022. 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. So, the shares are expected to outperform the market in the near future. 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. Today, you can download 7 Best Stocks for the Next 30 Days. Want the latest recommendations from Zacks Investment Research? You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. 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