liberty oilfield services quarterly earnings
Net loss before income taxes totaled $57 million for the fourth quarter of 2021 compared to net loss before income taxes of $39 million for the third quarter of 2021. liable for your own investment decisions and agree to the This compares to loss of $0.29 per share a year ago. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $0.22 per share a. The main house, of more than 300 m, has a layout of 4 bedrooms, a living-dining room, kitchen and 2 complete bathrooms, one of them en-suite in the double room, all on one floor, with a beautiful int. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Liberty Oilfield Services (. 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. 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. The Company recorded a valuation allowance against certain deferred tax assets, generating additional income tax expense during the year ended December 31, 2021. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. If you do not, click Cancel. 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. Earnings reports generally provide an update of all three financial statements, including the income statement, An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. A live webcast will be available at http://investors.libertyfrac.com. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. 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%. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Summary Results and Highlights. (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. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Please read the full disclaimer here. $987,652. 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 consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Adjusted EBITDA is a non-GAAP financial measure. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. alongside a more general view of the financials and future forecast. LBRT Quick Quote. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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. See our report's 7 new picks today, absolutely FREE. This quarterly report represents an earnings surprise of 205.56%. The current consensus EPS estimate is $0.55 on $1.06 billion in revenues for the coming quarter and $1.79 on $3.84 billion in revenues for the current fiscal year. The current consensus EPS estimate is $0.55 on $1.06 billion in revenues for the coming quarter and $1.79 on $3.84 billion in revenues for the current fiscal year. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Real time prices by BATS. As of December 31, 2021, it had a total of approximately 30 active frac fleets. Looking at the earnings report investors can start gauge the financial health of the company and make even better 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. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial This compares to loss of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56%. 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 . Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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. 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. 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%. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. We expect continued modest rises in frac pricing in subsequent quarters. Click Manage settings for more information and to manage your choices. Participants should ask to join Libertys call. 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. Liberty Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. The term loan requires only a 1% annual amortization of principal, paid quarterly. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. The results are expected to be released on July 27. A live webcast will be available at http://investors.libertyfrac.com. 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. This compares to year-ago revenues of $581.29 million. 22,551 sqft lot. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. 6 Beds. 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. Delayed quotes by Sungard. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. 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. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. E&P operators are responding to oil and gas price signals. 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 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. 303-515-2851 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. The company has topped consensus revenue estimates four times over the last four quarters. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. 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. 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%. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. This quarterly report represents an earnings surprise of 23.81%. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. Over the last four quarters, the company has surpassed consensus EPS estimates three times. GAAP). Written by The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $653.73 million. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. 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