Copyright Liberty Oilfield Services LLC 2023. The webcast can be accessed for 90 days following the call. 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 . 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. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. Visit www.zacksdata.com to get our data and content for your mobile app or website. The results are expected to be released on July 27. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 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. Today, that discovery is still the heart of the Zacks Rank. 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%. This compares to year-ago revenues of $653.73 million. 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. These figures are adjusted for non-recurring items. Participants should ask to join the Liberty Oilfield Services call. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current What's Next for Liberty Oilfield Services? DENVER--(BUSINESS WIRE)-- Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. This quarterly report represents an earnings surprise of 81.25%. GAAP). When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. 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 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. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. Click Manage settings for more information and to manage your choices. 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. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. Today, you can download 7 Best Stocks for the Next 30 Days. This compares to loss of $0.29 per share a. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 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. You can change your choices at any time by visiting your privacy controls. 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. ZacksTrade and Zacks.com are separate companies. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter.5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. The results are expected to be released on October 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. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Forward-Looking and Cautionary Statements. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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%. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. 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. 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. A wealth of resources for individual investors is available at www.zacks.com. decisions whether to buy, sell, or stay in the company. Earnings reports generally provide an update of all three financial statements, including the income statement, 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. 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%. This compares to. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. 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. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia 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. 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. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. 5,587 sqft. A higher P/E ratio shows that investors are willing to pay a higher share price today because The company has topped consensus revenue estimates four times over the last four quarters. 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. (Find current average P/E ratios for all sectors below). The company has topped consensus revenue estimates four times over the last four quarters.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.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%.What's Next for Liberty Oilfield Services?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?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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. 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. Liberty Energy Inc. 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, 2021 as filed with the SEC on February 22, 2022 and in our other public filings with the SEC. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. ET LBRT earnings call for the period ending June 30,. 22,551 sqft lot. 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? 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. So, the shares are expected to outperform the market in the near future. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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. 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). 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. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Chief Financial Officer 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 . The report will also indicate a possible 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The company has topped consensus revenue estimates four times over the last four quarters. NYSE and AMEX data is at least 20 minutes delayed. Over the last four quarters, the company has surpassed consensus EPS estimates two times. of an earnings report. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Revenues are . The passcode for the replay is 6679552. 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. It is natural for stocks to start to move in either direction a few days before the release It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. ratios and use a decline as an exit point. technical signals. To read this article on Zacks.com click here. We expect continued modest rises in frac pricing in subsequent quarters. Liberty Energy Inc. (LBRT) - free report >>. 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. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Revenues. 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. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. Terms of Use and Privacy Policy. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. ET. What's Next for Liberty Oilfield Services? share because it indicates how much the company earned for its shareholders. 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. LBRT Quick Quote. Plus500. 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. 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. So, the shares are expected to outperform the market in the near future. Zacks Ranks stocks can, and often do, change throughout the month. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. This compares to year-ago revenues of $581.29 million. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. 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 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. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. 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. Relatively low and declining oil and gas inventories have led to persistent upward pressure on commodity prices, even prior to the Russian invasion of Ukraine. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. We also set many operational records during 2021. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. North American oil and gas are critical in the coming years. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. 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. 7 Best stocks for the quarter ended September 2022 Liberty, please contact Investor Relations at IR @.... American oil and gas are central to the global economy which is well along the way of from! 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