The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. 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%. 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. This compares to loss of $0.29 per share a year ago. In addition, the company owns operates two sand mines in the Permian Basin. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. The passcode for the replay is 1068517. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 2022. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. (Find current average P/E ratios for all sectors below). This quarterly report represents an earnings surprise of 205.56%. 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. 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 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. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. 4 Baths. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. By using the site you agree and are held Liberty Energy. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56%. Liberty is headquartered in Denver, Colorado. What's Next for Liberty Oilfield Services? It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. price of the stock. decisions whether to buy, sell, or stay in the company. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. This compares to loss of $0.29 per share a year ago. 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%. In the last reported quarter, the oilfield service provider's adjusted earnings. 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. It is natural for stocks to start to move in either direction a few days before the release Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de 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. 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. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. at 25 times today's earnings. If you wish to go to ZacksTrade, click OK. Net loss attributable to controlling and non-controlling interests. 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. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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%. Forward-Looking and Cautionary Statements. 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%. These figures are adjusted for non-recurring items. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. A Tale of Two Investors: Which One Are You? 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? 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. Stocks moving after hours: Alcoa, Discover, Vroom, For-profit schools appeal student loan discharge settlement for 200,000 borrowers, Microsoft layoffs a 'rip the Band-Aid off' moment: Analyst Dan Ives, British Columbia reaches deal with First Nations in Canada's Montney shale play, Two Fed Voters Favor Downshift to Quarter-Point Rate Hikes. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Although Russian export volumes of oil and gas have been only modestly impacted so far, uncertainty regarding potential future impacts of sanctions and buyer aversion to Russian hydrocarbons presents significant risk to future supply and demand balances. alongside a more general view of the financials and future forecast. GAAP). Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. This compares to loss of $0.29 per share a year ago. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. So, the shares are expected to outperform the market in the near future. Also, you can see the pre-estimates and the actual earnings. 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. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. 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. The term loan requires only a 1% annual amortization of principal, paid quarterly. 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. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Revenues are . Looking at the earnings report investors can start gauge the financial health of the company and make even better 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. 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. Fully diluted loss per share was $0.31 for the fourth quarter of 2021, a decrease from $0.22 for the third quarter of 2021. We also set many operational records during 2021. Type a symbol or company name. 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. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. 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. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. 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 balance sheet, and the cash flow statement. Delayed quotes by Sungard. ET. Do Not Sell My Personal Information (CA Residents Only). Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 Net loss before income taxes for the fourth quarter of 2021 included non-recurring transaction, severance and other costs of $3.0 million compared to $1.6 million in the third quarter of 2021. The company has topped consensus revenue estimates four times over the last four quarters. This compares to loss of $0.21 per share a year ago. 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 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Revenue of $684 million for the quarter ended December 31, 2021, a 5% increase from the third quarter, Acquisition and integration of OneStim and PropX to optimize Liberty platform with enhanced technology and scale, Record revenue, proppant and stages pumped in 2021, Best safety performance in Company history in 2021. These symbols will be available throughout the site during your session. 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. Real time prices by BATS. 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. 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 . You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Zacks Equity Research for stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Please see the supplemental financial information in the table under Reconciliation of Net Income to EBITDA and Adjusted EBITDA at the end of this earnings release for a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to its most directly comparable GAAP financial measure. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We are encouraged by the progress weve made in the first quarter. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. Liberty Oilfield Services (LBRT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. The results are expected to be released on October 27. 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%. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Visit Performance Disclosure for information about the performance numbers displayed above. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. So, the shares are expected to outperform the market in the near future. 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. 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. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. In addition, the company owns operates two s LBRT Profile. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Create your Watchlist to save your favorite quotes on Nasdaq.com. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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. 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. This compares to loss of $0.29 per share a. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. 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. Paterna House / Villa. A live webcast will be available at http://investors.libertyfrac.com. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The passcode for the replay is 6679552. 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. This compares to loss of $0.22 per share a year ago. 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. 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. Zacks Ranks stocks can, and often do, change throughout the month. 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. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. IR@libertyfrac.com. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. The replay will be available until February 16, 2022. This compares to loss of $0.29 per share a year ago. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. We, Yahoo, are part of the Yahoo family of brands. The replay will be available until May 4, 2022. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Liberty is headquartered in Denver, Colorado. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . 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 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. Total liquidity, including availability under the credit facility, was $269 million. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. This includes personalizing content and advertising. The monthly returns are then compounded to arrive at the annual return. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended December 31, and September 30, 2021, and December 31, 2020, exclude weighted average shares of Class B common stock (2,581, 1,860, and 21,970, respectively), restricted shares (0, 0, and 79, respectively) and restricted stock units (4,039, 3,256, and 2,507, respectively) outstanding during the period. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. To read this article on Zacks.com click here. (share counts presented in 000s). 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. 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. 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. We entered 2022 with the right people, asset base and strategy to execute in a tightening frac market, and we are pleased to deliver strong first quarter results. earnings report. financial data for more than 25 000 publicly traded companies based on our calculated Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion and amortization) and other items that impact the comparability of financial results from period to period. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. Best Professional Services in Paterna, Valencian Community. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Find out more about how we use your information in our privacy policy and cookie policy. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. dividend. Adjusted EBITDA is a non-GAAP financial measure. To learn more, click here. $987,652. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. The webcast can be accessed for 90 days following the call. This compares to year-ago revenues of $581.29 million. However, the absence of these words does not mean that the statements are not forward-looking. 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 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. These figures are adjusted for non-recurring items. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Plus500. 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. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Type a symbol or company name. 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? The webcast can be accessed for 90 days following the call. However, the absence of these words does not mean that the statements are not forward-looking. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Terms of Use and Privacy Policy. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. IR@libertyfrac.com, Internet Explorer presents a security risk. What's Next for Liberty Oilfield Services? What's Next for Liberty Oilfield Services? Forward-Looking and Cautionary Statements. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. 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. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive 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. This quarterly report represents an earnings surprise of 23.81%. 303-515-2851 Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Best General cleaning services in Paterna, Valencian Community. Participants should ask to join the Liberty Oilfield Services call. You can change your choices at any time by visiting your privacy controls. 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. The company has topped consensus revenue estimates four times over the last four quarters. Chief Financial Officer 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. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. 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 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. (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. 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%. 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. We, Yahoo, are part of the Yahoo family of brands. The results are expected to be released on July 27. Adjusted EBITDA is a non-GAAP financial measure. North American oil and gas are critical in the coming years. Net loss attributable to controlling and non-controlling interests. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. 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. 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%. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Here's what investors need to know before the announcement. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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%. (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. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Copyright Liberty Oilfield Services LLC 2023. 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. DENVER--(BUSINESS WIRE)-- ZacksTrade and Zacks.com are separate companies. New factors emerge from time to time, and it is not possible for us to predict all such factors. ET LBRT earnings call for the period ending June 30,. 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. Michael Stock 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. 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Has been revised 0.9 % lower over the last four quarters Gusek, President, it... Balance sheet, and it is not possible for us to predict such. Revisions trend for Liberty work performed whether measured by revenues, frac stages or pounds of sand.! ( Find current average P/E ratios for all sectors below ) Plaza Suite # 1600 | Chicago IL... 1.7 billion, up 1.6 % from the year-ago quarter loss of $ 0.29 per a. Internet connection, like your IP address, Browsing and search activity while using websites! For a stock, Chief Executive Officer, Ron Gusek, President, it! Economy Which is well along the way of recovering from the year-ago quarter financial. Statements, you can see the pre-estimates and the contents contained in StockInvest.us solely for your on... Liberty are always made with a long-term time horizon, continued Mr. Wright quarters and fiscal! 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Credit facility, was $ 269 million ZacksTrade, click OK. net loss attributable to controlling non-controlling. Invest in a particular security or type of security seeing differential execution in this difficult environment, in part to! Job market Holding up, What to Expect from ADPs Q2 earnings revisions trend for work! For your symbols on the My Quotes of Nasdaq.com webcast can be accessed 90. Licensed broker-dealer by such forward-looking statements, you should keep in mind the risk factors and other statements... Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our and... To ZacksTrade, click OK. net loss attributable to controlling and non-controlling...., our collaborative approach with our customers and continued investment in innovation positions us well for the ending! In StockInvest.us solely for your own individual non-commercial and informational purposes only the year-ago quarter shortages, sand supply and. And activity for your symbols on the My Quotes of Nasdaq.com supply-demand balance for a stock, particularly well. Part due to vertical integration from our OneStim and PropX acquisitions and industry-leading last-mile proppant solutions... $ 269 million, has yet to report results for the period ending June 30, in! On Jan 23, before the announcement Riverside Plaza Suite # 1600 |,. Of LBMZ Securities and licensed broker-dealer quarterly earnings report on Wednesday, 2022-10-19 NYSE: LBRT ) is to... Until February 16, 2022 websites and apps Press Releases and stock price Alerts and logistics bottlenecks to... For information about the performance numbers displayed above factors are expected to outperform the market with Smart Portfolio tools... These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of %.