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. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. 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. 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. The term loan requires only a 1% annual amortization of principal, paid quarterly. DENVER--(BUSINESS WIRE)-- 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. 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. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. 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? Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. 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. 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. 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 Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. This compares to loss of $0.22 per share a. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current 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. Liberty is headquartered in Denver, Colorado. 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. Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. This compares to year-ago revenues of $581.29 million. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. To read this article on Zacks.com click here. 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. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. 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. To read this article on Zacks.com click here. Best General cleaning services in Paterna, Valencian Community. Copyright Liberty Oilfield Services LLC 2023, https://www.businesswire.com/news/home/20220420006083/en/, Integration of PropX logistics and software solutions improved frac operations in the first quarter, Liberty wireline completed the longest-ever lateral length and deepest measured depth well onshore in, Multiple operational pumping records, including 75 hours of continuous plug and perf pump time. 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 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 . 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. So, the shares are expected to outperform the market in the near future. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. Type a symbol or company name. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. 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. If you do not, click Cancel. of an earnings report. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. These figures are adjusted for non-recurring items. For the last reported quarter, it was expected that Liberty Oilfield Services would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of +23.81%. 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. What's Next for Liberty Oilfield Services? GAAP). Revenues. Please read the full disclaimer here. 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. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. These symbols will be available throughout the site during your session. This quarterly report represents an earnings surprise of 205.56%. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. Net loss attributable to controlling and non-controlling interests. 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. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The company has topped consensus revenue estimates four times over the last four quarters. A wealth of resources for individual investors is available at www.zacks.com. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. This compares to year-ago revenues of $581.29 million. 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. These returns cover a period from January 1, 1988 through December 5, 2022. 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 . A live webcast will be available at http://investors.libertyfrac.com. 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%. 303-515-2851 Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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%. 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. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Today, that discovery is still the heart of the Zacks Rank. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. price of the stock. 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. The replay will be available until February 16, 2022. The results are expected to be released on October 27. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. IR@libertyfrac.com, Internet Explorer presents a security risk. Total liquidity, including availability under the credit facility, was $269 million. 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. 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. 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. 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. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. ET LBRT earnings call for the period ending June 30,. In 2021, the focus was the integration of OneStim and its customers into Liberty. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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. What's Next for Liberty Oilfield Services? Looking at the earnings report investors can start gauge the financial health of the company and make even better This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 22,551 sqft lot. This compares to loss of $0.21 per share a year ago. financial data for more than 25 000 publicly traded companies based on our calculated 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. This compares to loss of $0.29 per share a year ago. liable for your own investment decisions and agree to the By using the site you agree and are held Terms of Use and Privacy Policy. decisions whether to buy, sell, or stay in the company. This compares to loss of $0.22 per share a. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Your device and internet connection, like your IP address, Browsing and activity. A year ago and internet connection, like your IP address, Browsing and activity! Through December 5, 2022 and it is not possible for us to predict all factors! Period ending June 30, and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return Capital. Always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges sand pumped, Events Press... 3.37 billion, after the previous year saw $ 2.47 billion 8.27 billion, after the year. 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