Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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. The webcast can be accessed for 90 days following the call. Do Not Sell My Personal Information (CA Residents Only). StockInvest.us provides daily technical stock analysis commentaries and The report will also indicate a possible Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. This compares to loss of $0.29 per share a year ago. 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. 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. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. These returns cover a period from January 1, 1988 through December 5, 2022. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Over the last four quarters, the company has surpassed consensus EPS estimates two times. 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. The results are expected to be released on October 27. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. 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 quarterly report represents an earnings surprise of 205.56%. 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. The company has topped consensus revenue estimates four times over the last four quarters. Pre-tax Return on Capital Employed is the ratio of pre-tax net loss for the twelve months ended December 31, 2021 to Average Capital Employed. Click Manage settings for more information and to manage your choices. 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. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. The passcode for the replay is 6679552. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. 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. 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%. Despite good reports, 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. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. 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. In addition, the company owns operates two s LBRT Profile. The replay will be available until May 4, 2022. 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? Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Participants should ask to join the Liberty Oilfield Services call. New factors emerge from time to time, and it is not possible for us to predict all such factors. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Find out more about how we use your information in our privacy policy and cookie policy. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. However, the absence of these words does not mean that the statements are not forward-looking. LBRT Quick Quote. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. We expect continued modest rises in frac pricing in subsequent quarters. GAAP). These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. 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. 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. Adjusted EBITDA is a non-GAAP financial measure. 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. featured in The Global Fintech Index 2020 as the top Fintech company of the country. of an earnings report. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. Plus500. financial data for more than 25 000 publicly traded companies based on our calculated One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. 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. technical signals. 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. 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. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. This compares to year-ago revenues of $653.73 million. Users should not base their investment decision upon StockInvest.us. Fully diluted loss per share was $1.03 for the year ended December 31, 2021 compared to a loss of $1.36 per share for the year ended December 31, 2020. By using the site you agree and are held 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. Visit Performance Disclosure for information about the performance numbers displayed above. 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 current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal year. 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%. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. See our report's 7 new picks today, absolutely FREE. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. IR@libertyfrac.com. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. the balance sheet, and the cash flow statement. 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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%. A wealth of resources for individual investors is available at www.zacks.com. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. The Manpower brand offers contingent staffing and permanent recruitment. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. 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. Zacks->. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Liberty Oilfield Services (. 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. 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%. 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. Click Manage settings for more information and to manage your choices. 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. 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Liberty Oilfield Services Inc. Stock Earnings Report. Total liquidity, including availability under the credit facility, was $269 million. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. This compares to loss of $0.29 per share a. Liberty Energy Inc. (LBRT) - free report >>. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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 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. Here's what investors need to know before the announcement. Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de Zacks Equity Research Analysts estimate . The term loan requires only a 1% annual amortization of principal, paid quarterly. Net loss attributable to controlling and non-controlling interests. We use cookies to understand how you use our site and to improve your experience. 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. 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