By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. By using the site you agree and are held 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. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Best Professional Services in Paterna, Valencian Community. This compares to loss of $0.29 per share a year ago. 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. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. LBRT Quick Quote. The company has topped consensus revenue estimates four times over the last four quarters. Liberty Oilfield Services (LBRT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. 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. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. 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. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. Today, you can download 7 Best Stocks for the Next 30 Days. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: 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. 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. Click Manage settings for more information and to manage your choices. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. 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. 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. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Net loss attributable to controlling and non-controlling interests. 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. financial data for more than 25 000 publicly traded companies based on our calculated 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. StockInvest.us provides daily technical stock analysis commentaries and 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%. Today, that discovery is still the heart of the Zacks Rank. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 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. A higher P/E ratio shows that investors are willing to pay a higher share price today because In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. 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%. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. Total liquidity, including availability under the credit facility, was $269 million. Over the last four quarters, the company has surpassed consensus EPS estimates three times. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. 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. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Net loss attributable to controlling and non-controlling interests. 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. The results are expected to be released on October 27. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. 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. 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. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 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. 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. Forward-Looking and Cautionary Statements. This includes personalizing content and advertising. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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 information can give you a slight idea of what you might expect for the next quarter's release. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) Do Not Sell My Personal Information (CA Residents Only). We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. Earnings reports generally provide an update of all three financial statements, including the income statement, 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 . 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. 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. Type a symbol or company name. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. GAAP). 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. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. 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. 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. As of March 31, 2021, Liberty had cash on hand of $70 million, approximately flat from fourth quarter levels, and total debt of $106 million, net of deferred financing costs and original issue . See our report's 7 new picks today, absolutely FREE. These figures are adjusted for non-recurring items. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. DENVER--(BUSINESS WIRE)-- In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Liberty has focused on finding the right long-term partnerships for the coming years and has been very disciplined in holding our active frac fleet count steady until returns are strong. These returns cover a period from January 1, 1988 through December 5, 2022. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. A Tale of Two Investors: Which One Are You? technical signals. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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%. What's Next for Liberty Oilfield Services? [email protected]. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In addition, the company owns operates two s LBRT Profile. It is natural for stocks to start to move in either direction a few days before the release To read this article on Zacks.com click here. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. To read this article on Zacks.com click here. We, Yahoo, are part of the Yahoo family of brands. 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. 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. This widely-known . The Manpower brand offers contingent staffing and permanent recruitment. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. These figures are typically measured against previous quarters/years. Click Manage settings for more information and to manage your choices. 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. 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. For more information about Liberty, please contact Investor Relations at [email protected]. In 3 months - this month 's picks could be even better over. Quarter 's release report 's 7 New picks today, you can download 7 Best stocks the!, revised Privacy Policy and Terms of Service this difficult environment, part... In this difficult environment, in part due to vertical integration from our OneStim PropX! 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