The results are expected to be released on July 27. Zacks Ranks stocks can, and often do, change throughout the month. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 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. North American oil and gas are critical in the coming years. 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. 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. 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. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. As of June 30, 2021, Liberty had cash on hand of $31 million, a decrease from first quarter levels as working capital increased, and total debt of $106 million, net of deferred financing costs and . 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%. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. 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%. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. In 2021, the focus was the integration of OneStim and its customers into Liberty. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. 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. This compares to year-ago revenues of $581.29 million. Also, you can see the pre-estimates and the actual earnings. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. Net loss1 (after taxes) totaled $57 million for the fourth quarter of 2021 compared to net loss1 of $39 million in the third quarter of 2021. decisions whether to buy, sell, or stay in the company. This compares to year-ago revenues of $653.73 million. 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. earnings report. In addition, the company owns operates two sand mines in the Permian Basin. 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. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. 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. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. So, the shares are expected to outperform the market in the near future. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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 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. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . 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. Revenues. NASDAQ data is at least 15 minutes delayed. All users should speak with their financial advisor before buying or selling any securities. The term loan requires only a 1% annual amortization of principal, paid quarterly. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Here's what investors need to know before the announcement. Fully diluted loss per share was $0.03 for the first quarter of 2022 compared to a loss of $0.31 for the fourth quarter of 2021. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. This compares to . Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. Forward-Looking and Cautionary Statements. A live webcast will be available at http://investors.libertyfrac.com. Liberty Oilfield Services (LBRT Quick QuoteLBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. The webcast can be accessed for 90 days following the call. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. 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. The results are expected to be released on October 27. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Liberty is headquartered in Denver, Colorado. This compares to loss of $0.22 per share a. 303-515-2851 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 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%. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. So, the shares are expected to outperform the market in the near future. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. Paterna House / Villa. Zacks Equity Research Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. share because it indicates how much the company earned for its shareholders. This compares to. GAAP). 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. The webcast can be accessed for 90 days following the call. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. 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%. Do Not Sell My Personal Information (CA Residents Only). In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. 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.
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