liberty oilfield services quarterly earnings

(share counts presented in 000s). 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. 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. 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. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. 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. You can change your choices at any time by visiting your privacy controls. As of December 31, 2021, it had a total of approximately 30 active frac fleets. Find out more about how we use your information in our privacy policy and cookie policy. 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. This compares to loss of $0.29 per share a year ago. financial data for more than 25 000 publicly traded companies based on our calculated The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. The results are expected to be released on July 27. 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. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: 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. 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. See our report's 7 new picks today, absolutely FREE. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Zacks Ranks stocks can, and often do, change throughout the month. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Type a symbol or company name. The company has topped consensus revenue estimates four times over the last four quarters. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. 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. However, the absence of these words does not mean that the statements are not forward-looking. 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. the balance sheet, and the cash flow statement. 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. Net loss attributable to Liberty Oilfield Services Inc. stockholders $ (55,589 ) $ (38,890 ) $ (37,030 ) $ (179,244 ) $ (115,583 ) Net loss attributable to Liberty Oilfield Services Inc . 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. These symbols will be available throughout the site during your session. 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. Also, you can see the pre-estimates and the actual earnings. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 303-515-2851 stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. The results are expected to be released on October 27. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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%. This quarterly report represents an earnings surprise of 23.81%. 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. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. Create your Watchlist to save your favorite quotes on Nasdaq.com. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. ZacksTrade and Zacks.com are separate companies. 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? These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. share because it indicates how much the company earned for its shareholders. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. 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. This widely-known . Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. The modest, below stated plan, increases in OPEC supply and release of global emergency oil reserves are simply not enough to supply a rebounding world economy. GAAP). 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. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Click Manage settings for more information and to manage your choices. This quarterly report represents an earnings surprise of 205.56%. Watch. 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%. 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. The monthly returns are then compounded to arrive at the annual return. 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%. 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. Net loss before income taxes for the fourth quarter of 2021 included non-recurring transaction, severance and other costs of $3.0 million compared to $1.6 million in the third quarter of 2021. Chief Financial Officer Liberty Energy Inc. (LBRT) - free report >>. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Zacks Equity Research This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Integration-related costs are still with us today, impacting our bottom-line results. 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. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. 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. NASDAQ data is at least 15 minutes delayed. Real time prices by BATS. Net loss before income taxes for the year ended December 31, 2021 included non-recurring transaction, severance and other costs of $15.1 million compared to $21.1 million for the year ended December 31, 2020. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Today, you can download 7 Best Stocks for the Next 30 Days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. These figures are adjusted for non-recurring items. Participants should ask to join Libertys call. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. So, the shares are expected to outperform the market in the near future. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive Officer. 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. 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. 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 report will also indicate a possible Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . at 25 times today's earnings. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. Best General cleaning services in Paterna, Valencian Community. 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