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. In 2021, the focus was the integration of OneStim and its customers into Liberty. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. 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%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $942.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 7.76%. 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. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. (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. dividend. A live webcast will be available at http://investors.libertyfrac.com. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. 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. However, the absence of these words does not mean that the statements are not forward-looking. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Liberty Oilfield Services (. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Chief Financial Officer 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. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Despite good reports, Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. IR@libertyfrac.com. 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. 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. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. Net loss1 (after taxes) totaled $57 million for the fourth quarter of 2021 compared to net loss1 of $39 million in the third quarter of 2021. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. Copy and paste multiple symbols separated by spaces. 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. 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. Looking at the earnings report investors can start gauge the financial health of the company and make even better DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. 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. The public operators are maintaining discipline and will show only modest production growth this year, while the private operators are reacting more robustly to strong commodity prices. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The webcast can be accessed for 90 days following the call. Visit www.zacksdata.com to get our data and content for your mobile app or website. GAAP). We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. liable for your own investment decisions and agree to the 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. This compares to year-ago revenues of $653.73 million. The term loan requires only a 1% annual amortization of principal, paid quarterly. All users should speak with their financial advisor before buying or selling any securities. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. featured in The Global Fintech Index 2020 as the top Fintech company of the country. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Summary Results and Highlights. Is your stock priced above or below the average P/E ratio? 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Best General cleaning services in Paterna, Valencian Community. 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. By using the site you agree and are held 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 live webcast will be available at http://investors.libertyfrac.com. Get prepared with the key expectations. 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. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. Zacks->. In our eleven-year history we have seen two deep downturns, 2015 to 2016 and the recent Covid-induced downturn, and we have executed transformative transactions during both. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Visit Performance Disclosure for information about the performance numbers displayed above. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. Total liquidity, including availability under the credit facility, was $269 million. 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.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. Best Professional Services in Paterna, Valencian Community. Liberty is headquartered in Denver, Colorado. GAAP). Click Manage settings for more information and to manage your choices. 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. 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 . Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. 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. One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. $176/sqft. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 6 Beds. 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 . 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. However, the prize was large and our team worked in overdrive to bring nearly 2,000 new team members into Liberty while continuing to deliver superior service performance to all of our customers, both legacy and new. 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. 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. Of principal, paid quarterly wracked Europe over the last several months demonstrates the danger of underinvestment in industry. 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