This compares to loss of $0.22 per share a. 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. (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. 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. 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. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Liberty Energy Inc. (LBRT) - free report >>. This quarterly report represents an earnings surprise of 205.56%. Zacks Investment Research, Plus500. These figures are typically measured against previous quarters/years. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Plus500. GAAP). Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. All users should speak with their financial advisor before buying or selling any securities. 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. So, the shares are expected to outperform the market in the near future. The replay will be available until May 4, 2022. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. New factors emerge from time to time, and it is not possible for us to predict all such factors. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. dividend. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 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. 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. As of March 31, 2022, Liberty had cash on hand of $33 million, and total debt of $212 million including $108 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. 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. IR@libertyfrac.com, Internet Explorer presents a security risk. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. 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. 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. 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%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. 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 . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to. Zacks->. In 2021, the focus was the integration of OneStim and its customers into Liberty. 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. 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. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial share because it indicates how much the company earned for its shareholders. By using the site you agree and are held These symbols will be available throughout the site during your session. We, Yahoo, are part of the Yahoo family of brands. 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 . 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. 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. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter.5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. 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%. 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%. Best General cleaning services in Paterna, Valencian Community. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. Chief Financial Officer Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Total liquidity, including availability under the credit facility, was $269 million. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. Net loss1 (after taxes) totaled $187 million for the year ended December 31, 2021 compared to net loss1 of $161 million for the year ended December 31, 2020. 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. Get prepared with the key expectations. 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. 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. liable for your own investment decisions and agree to the 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. We are excited for the opportunity ahead and are investing to build truly differential competitive advantages in frac fleet technology, digital systems, and logistics optimization bolstered by the PropX acquisition. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 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. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Revenues. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. The monthly returns are then compounded to arrive at the annual return. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. One of the most anticipated numbers for analysis is earnings per Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. These figures are adjusted for non-recurring items. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/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%. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. 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. 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. We are encouraged by the progress weve made in the first quarter. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. A wealth of resources for individual investors is available at www.zacks.com. 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. This quarterly report represents an earnings surprise of 23.81%. 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. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. Net loss attributable to controlling and non-controlling interests. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Privacy Policy | No cost, no obligation to buy anything ever. 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. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. 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. We expect continued modest rises in frac pricing in subsequent quarters. 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. Copy and paste multiple symbols separated by spaces. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. GAAP). 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. Find out more about how we use your information in our privacy policy and cookie policy. Type a symbol or company name. The results are expected to be released on October 27. So, the shares are expected to outperform the market in the near future. Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. What's Next for Liberty Oilfield Services? Copyright Liberty Oilfield Services LLC 2023. featured in The Global Fintech Index 2020 as the top Fintech company of the country. 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. 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. The webcast can be accessed for 90 days following the call. (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. 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. 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. 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. 79% of retail CFD accounts lose money, Liberty Oilfield Services (LBRT) Stock Sinks As Market Gains: What You Should Know, Liberty Oilfield Services (LBRT) Gains But Lags Market: What You Should Know, Liberty Oilfield Services (LBRT) Upgraded to Strong Buy: Here's What You Should Know, Wall Street Analysts Believe Liberty Oilfield Services (LBRT) Could Rally 48.17%: Here's is How to Trade, Liberty Oilfield Services (LBRT) Is Attractively Priced Despite Fast-paced Momentum, Morgan Stanley Keeps Their Buy Rating on Liberty Oilfield Services (LBRT), Here's Why Liberty Oilfield Services (LBRT) is a Strong Growth Stock, Registration on or use of this site constitutes acceptance of our.
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