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. To learn more, click here. 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. 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. 6 Beds. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. A wealth of resources for individual investors is available at www.zacks.com. Real time prices by BATS. The term loan requires only a 1% annual amortization of principal, paid quarterly. A live webcast will be available at http://investors.libertyfrac.com. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . Visit Performance Disclosure for information about the performance numbers displayed above. The company has topped consensus revenue estimates four times over the last four quarters. Terms of Use and Privacy Policy. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. 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. Net loss before incomes taxes totaled $178 million for the year ended December 31, 2021 compared to $192 million for the year ended December 31, 2020. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. 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%. We are encouraged by the progress weve made in the first quarter. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The results are expected to be released on October 27. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. By using the site you agree and are held 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. What's Next for Liberty Oilfield Services? FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. So, the shares are expected to outperform the market in the near future. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our report's 7 new picks today, absolutely FREE. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. 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%. 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. This compares to loss of $0.29 per share a year ago. This quarterly report represents an earnings surprise of 23.81%. 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. Energy enables everything we do, and our passion is to energize the world. This compares to year-ago revenues of $581.29 million. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. ET LBRT earnings call for the period ending June 30,. Adjusted EBITDA is a non-GAAP financial measure. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Over the last four quarters, the company has surpassed consensus EPS estimates three times. ET. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. This compares to loss of $0.21 per share a year ago. 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. 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. $176/sqft. Forward-Looking and Cautionary Statements. Zacks Investment Research, Plus500. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. We also expect margin growth as our new strategic efforts begin to pay dividends in lowering our cost of operations and increasing efficiency, commented Mr. Wright. So, the shares are expected to outperform the market in the near future. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. A live webcast will be available at http://investors.libertyfrac.com. 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. 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. A Tale of Two Investors: Which One Are You? 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. These symbols will be available throughout the site during your session. Today, that discovery is still the heart of the Zacks Rank. 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 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. Watch. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. alongside a more general view of the financials and future forecast. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. The company has topped consensus revenue estimates four times over the last four quarters.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.Liberty Oilfield Services shares have added about 24.2% since the beginning of the year versus the S&P 500's decline of -16.9%.What's Next for Liberty Oilfield Services?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?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. Chief Financial Officer Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. share because it indicates how much the company earned for its shareholders. featured in The Global Fintech Index 2020 as the top Fintech company of the country. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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 frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. Earnings reports generally provide an update of all three financial statements, including the income statement, 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. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. 5,587 sqft. The results are expected to be released on July 27.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%. The report will also indicate a possible This quarterly report represents an earnings surprise of 81.25%. Summary Results and Highlights. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. 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. 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. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. 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 . 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. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 4 Baths. For example, a company with a current P/E of 25, trades Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, February 9, 2022. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. We use cookies to understand how you use our site and to improve your experience. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Oct. 19, 2022, 06:05 PM Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. As of December 31, 2021, it had a total of approximately 30 active frac fleets. 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. dividend. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Manpower brand offers contingent staffing and permanent recruitment. 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 . Zacks->. at 25 times today's earnings. This compares to. 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. Click Manage settings for more information and to manage your choices. 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. This compares to loss of $0.22 per share a. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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 Energy Inc. A higher P/E ratio shows that investors are willing to pay a higher share price today because Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. 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? Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. 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. So, the shares are expected to outperform the market in the near future. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. This compares to loss of $0.22 per share a. This information can give you a slight idea of what you might expect for the next quarter's release. Integration-related costs are still with us today, impacting our bottom-line results. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Revenues. We expect continued modest rises in frac pricing in subsequent quarters. Today, you can download 7 Best Stocks for the Next 30 Days. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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