Please read the full disclaimer here. 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. 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. (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. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. To read this article on Zacks.com click here. 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. Revenues. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Today, See These 5 Potential Home Runs >>, Liberty Energy Inc. (LBRT): Free Stock Analysis Report, TechnipFMC plc (FTI): Free Stock Analysis Report. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Liberty Oilfield Services Inc. Stock Earnings Report. This quarterly report represents an earnings surprise of 23.81%. Get prepared with the key expectations. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. ET. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 This compares to loss of $0.22 per share a. 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. This quarterly report represents an earnings surprise of 23.81%. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. 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. So, the shares are expected to outperform the market in the near future. 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 . Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. North American oil and gas are critical in the coming years. Real time prices by BATS. 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. 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. In 2021, the focus was the integration of OneStim and its customers into Liberty. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. This compares to year-ago revenues of $581.29 million. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Chief Financial Officer The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. NYSE and AMEX data is at least 20 minutes delayed. The current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal year. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. the balance sheet, and the cash flow statement. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. 4 Baths. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. This compares to loss of $0.22 per share a year ago. We expect continued modest rises in frac pricing in subsequent quarters. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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. Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. The company has topped consensus revenue estimates four times over the last four quarters. 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. This compares to loss of $0.29 per share a year ago. 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, Yahoo, are part of the Yahoo family of brands. 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. Copy and paste multiple symbols separated by spaces. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. 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. (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. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. 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. 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. Also, you can see the pre-estimates and the actual earnings. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. 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? 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. This compares to . 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. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. Zacks Ranks stocks can, and often do, change throughout the month. 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. What's Next for Liberty Oilfield Services? 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%. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. These returns cover a period from January 1, 1988 through December 5, 2022. The current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal 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. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Liberty is headquartered in Denver, Colorado. Want the latest recommendations from Zacks Investment Research? In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. This quarterly report represents an earnings surprise of 205.56%. Adjusted EBITDA is a non-GAAP financial measure. Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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%. Zacks Investment Research, Plus500. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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%. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Paterna House / Villa. In keeping with our companys expanded scope, we are updating our name to Liberty Energy. 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%. ratios and use a decline as an exit point. 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. 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. 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. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. See our report's 7 new picks today, absolutely FREE. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. of an earnings report. 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. The term loan requires only a 1% annual amortization of principal, paid quarterly. A live webcast will be available at http://investors.libertyfrac.com. Find out more about how we use your information in our privacy policy and cookie policy. Written by Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. This compares to year-ago revenues of $653.73 million. Terms of Use and Privacy Policy. decisions whether to buy, sell, or stay in the company. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Looking at the earnings report investors can start gauge the financial health of the company and make even better Liberty Oilfield Services (. 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. 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. Type a symbol or company name. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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 . Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. If you do not, click Cancel. 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%. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Restrained global investment since the last oil and gas downturn has led to supply challenges at a time where worldwide demand for energy is growing and expected to surpass pre-pandemic levels in 2022. 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