In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreement resulting in a gain. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. The results are expected to be released on October 27. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. StockInvest.us provides daily technical stock analysis commentaries and For the last reported quarter, it was expected that Liberty Oilfield Services would post a loss of $0.06 per share when it actually produced earnings of $0.02, delivering a surprise of +133.33%. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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 passcode for the replay is 1068517. You can change your choices at any time by visiting your privacy controls. The webcast can be accessed for 90 days following the call. 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. Over the last four quarters, the company has surpassed consensus EPS estimates two times. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. 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. Fully diluted loss per share was $0.03 for the first quarter of 2022 compared to a loss of $0.31 for the fourth quarter of 2021. 22,551 sqft lot. This quarterly report represents an earnings surprise of 23.81%. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. Liberty is headquartered in Denver, Colorado. 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. This compares to loss of $0.22 per share a year ago. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Type a symbol or company name. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. This compares to year-ago revenues of $653.73 million. Over the last four quarters, the company has surpassed consensus EPS estimates three times. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. (share counts presented in 000s). This includes personalizing content and advertising. 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. 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 presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. However, the absence of these words does not mean that the statements are not forward-looking. The passcode for the replay is 6679552. The monthly returns are then compounded to arrive at the annual return. 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%. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 4 Baths. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. 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. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. liable for your own investment decisions and agree to the Visit Performance Disclosure for information about the performance numbers displayed above. Adjusted EBITDA is a non-GAAP financial measure. 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. 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. 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. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Is your stock priced above or below the average P/E ratio? Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. We, Yahoo, are part of the Yahoo family of brands. 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. alongside a more general view of the financials and future forecast. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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. 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. 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 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. Integration-related costs are still with us today, impacting our bottom-line results. Zacks Investment Research, Plus500. 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. We expect continued modest rises in frac pricing in subsequent quarters. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Terms of Use and Privacy Policy. 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. NYSE and AMEX data is at least 20 minutes delayed. Forward-Looking and Cautionary Statements. We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, February 9, 2022. 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. This quarterly report represents an earnings surprise of 23.81%. 303-515-2851 To learn more, click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. Chief Financial Officer This compares to year-ago revenues of $581.29 million. Best Professional Services in Paterna, Valencian Community. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. 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. A Tale of Two Investors: Which One Are You? 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. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The visit Performance Disclosure for information about your device and internet connection, like your address! 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