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. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. To read this article on Zacks.com click here. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. The monthly returns are then compounded to arrive at the annual return. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. 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? However, the absence of these words does not mean that the statements are not forward-looking. Today, you can download 7 Best Stocks for the Next 30 Days. DENVER--(BUSINESS WIRE)-- 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. Participants should ask to join the Liberty Oilfield Services call. Click Manage settings for more information and to manage your choices. These figures are typically measured against previous quarters/years. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia 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. Liberty is headquartered in Denver, Colorado. 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%. What's Next for Liberty Oilfield Services? 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. 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. (Find current average P/E ratios for all sectors below). Receive SEC Filings, Events, Press Releases and Stock Price Alerts. IR@libertyfrac.com, Internet Explorer presents a security risk. E&P operators are responding to oil and gas price signals. 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. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended March 31, 2022, December 31, 2021, and March 31, 2021 exclude weighted average shares of Class B common stock (2,092, 2,581, and 16,333, respectively) and restricted stock units (4,745, 4,039, and 3,326, respectively) outstanding during the period. 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. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. 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. 303-515-2851 You can change your choices at any time by visiting your privacy controls. The passcode for the replay is 1068517. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. LBRT Quick Quote. 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. Liberty Energy Inc. If you wish to go to ZacksTrade, click OK. 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 . 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? 6 Beds. Liberty Oilfield Services Inc. Stock Earnings Report. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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%. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. North American oil and gas are critical in the coming years. It is natural for stocks to start to move in either direction a few days before the release When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Please read the full disclaimer here. share because it indicates how much the company earned for its shareholders. 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. price of the stock. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. 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. 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%. Liberty Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. This compares to loss of $0.29 per share a year ago. The webcast can be accessed for 90 days following the call. GAAP). Type a symbol or company name. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. (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. $987,652. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. This compares to year-ago revenues of $653.73 million. This compares to loss of $0.29 per share a year ago. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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 . We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. Want the latest recommendations from Zacks Investment Research? 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%. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. The replay will be available until May 4, 2022. Written by What's Next for Liberty Oilfield Services? 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. 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. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Liberty Energy. We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. The term loan requires only a 1% annual amortization of principal, paid quarterly. This compares to loss of $0.22 per share a year ago. GAAP). Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. Revenues are . In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Here's what investors need to know before the announcement. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Net loss before income taxes totaled $57 million for the fourth quarter of 2021 compared to net loss before income taxes of $39 million for the third quarter of 2021. ZacksTrade and Zacks.com are separate companies. 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. 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. 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. ET. We, Yahoo, are part of the Yahoo family of brands. Do Not Sell My Personal Information (CA Residents Only). technical signals. Zacks->. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. So, the shares are expected to outperform the market in the near future. 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. 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. 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. 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%. 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. This compares to . By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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%. 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. 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