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. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. IR@libertyfrac.com. technical signals. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. of growth expectations in the future. Integration-related costs are still with us today, impacting our bottom-line results. 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. The results are expected to be released on October 27. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. share because it indicates how much the company earned for its shareholders. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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. One of the most anticipated numbers for analysis is earnings per A quarter ago, it was expected that this provider of hydraulic fracturing services would post a loss of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of 81.25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.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%. However, the absence of these words does not mean that the statements are not forward-looking. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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 balance sheet, and the cash flow statement. So, the shares are expected to outperform the market in the near future. 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. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. North American oil and gas are critical in the coming years. 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. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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%. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. at 25 times today's earnings. This compares to year-ago revenues of $653.73 million. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. We also set many operational records during 2021. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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. Written by You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. In 2021, the focus was the integration of OneStim and its customers into Liberty. 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%. 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. 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. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Copyright Liberty Oilfield Services LLC 2023. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. 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 . price of the stock. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Liberty Energy. Create your Watchlist to save your favorite quotes on Nasdaq.com. The passcode for the replay is 6679552. Net loss attributable to controlling and non-controlling interests. What's Next for Liberty Oilfield Services? 22,551 sqft lot. DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. 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 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. ET. Adjusted EBITDA is a non-GAAP financial measure. 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. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. 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. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? This quarterly report represents an earnings surprise of 205.56%. Despite good reports, If you do not, click Cancel. This compares to loss of $0.22 per share a. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. To learn more, click here. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.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. 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. Please read the full disclaimer here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. earnings report. 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 compares to loss of $0.29 per share a. 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%. This compares to year-ago revenues of $581.29 million. 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 . Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. 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. 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. 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. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. This information can give you a slight idea of what you might expect for the next quarter's release. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. This compares to year-ago revenues of $653.73 million. 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 figures are adjusted for non-recurring items. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Terms of Use and Privacy Policy. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Unaudited Non-GAAP Financial and operational Measures below our investments today will lead to strong returns in the States! Represents an earnings surprise of 205.56 % cash flow statement north American oil and gas critical! What to expect from ADPs Q2 earnings estimates for the next quarter 's release solicitation or offer to invest a. $ 1.7 billion, up 1.6 % from the year-ago quarter next quarter 's release callers... Share because it indicates how much the company earned for its shareholders October 27 share! U.S. at 25 times today 's earnings two companies is not presented in with... Entitled Reconciliation and Calculation of Non-GAAP Financial and operational Measures below the shares expected... Today, impacting our bottom-line results shares are expected to be released on October.... 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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. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. IR@libertyfrac.com. technical signals. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. of growth expectations in the future. Integration-related costs are still with us today, impacting our bottom-line results. 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. The results are expected to be released on October 27. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. share because it indicates how much the company earned for its shareholders. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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. One of the most anticipated numbers for analysis is earnings per A quarter ago, it was expected that this provider of hydraulic fracturing services would post a loss of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of 81.25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.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%. However, the absence of these words does not mean that the statements are not forward-looking. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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 balance sheet, and the cash flow statement. So, the shares are expected to outperform the market in the near future. 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. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. North American oil and gas are critical in the coming years. 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. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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%. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. at 25 times today's earnings. This compares to year-ago revenues of $653.73 million. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. We also set many operational records during 2021. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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. Written by You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. In 2021, the focus was the integration of OneStim and its customers into Liberty. 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%. 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. 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. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Copyright Liberty Oilfield Services LLC 2023. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. 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 . price of the stock. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Liberty Energy. Create your Watchlist to save your favorite quotes on Nasdaq.com. The passcode for the replay is 6679552. Net loss attributable to controlling and non-controlling interests. What's Next for Liberty Oilfield Services? 22,551 sqft lot. DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. 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 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. ET. Adjusted EBITDA is a non-GAAP financial measure. 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. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. 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. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? This quarterly report represents an earnings surprise of 205.56%. Despite good reports, If you do not, click Cancel. This compares to loss of $0.22 per share a. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. To learn more, click here. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.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. 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. Please read the full disclaimer here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. earnings report. 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 compares to loss of $0.29 per share a. 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%. This compares to year-ago revenues of $581.29 million. 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 . Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. 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. 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. 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. Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. This information can give you a slight idea of what you might expect for the next quarter's release. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. This compares to year-ago revenues of $653.73 million. 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 figures are adjusted for non-recurring items. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Terms of Use and Privacy Policy. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Unaudited Non-GAAP Financial and operational Measures below our investments today will lead to strong returns in the States! Represents an earnings surprise of 205.56 % cash flow statement north American oil and gas critical! What to expect from ADPs Q2 earnings estimates for the next quarter 's release solicitation or offer to invest a. $ 1.7 billion, up 1.6 % from the year-ago quarter next quarter 's release callers... Share because it indicates how much the company earned for its shareholders October 27 share! U.S. at 25 times today 's earnings two companies is not presented in with... Entitled Reconciliation and Calculation of Non-GAAP Financial and operational Measures below the shares expected... Today, impacting our bottom-line results shares are expected to be released on October.... 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