Liberty Energy Inc. (LBRT) is a key name in the oil and gas field services sub-industry, known for its expertise in hydraulic fracturing. This technique is important in the oil and gas sector for extracting oil and gas from tough underground rock formations, like shale. Liberty supports this process by offering a full set of services, everything from delivering proppant (a key material used in fracking) to sand mining, on-site fueling and data analytics to help companies operate more efficiently.The company ...

A month has gone by since the last earnings report for Liberty Oilfield Services (LBRT) . Shares have added about 1.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Liberty Oilfield Services due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been ...

SINGAPORE, May 6, 2025 /PRNewswire/ -- PEC Ltd ("PEC", SGX: IX2) shareholders have approved a transaction valued at US$160 million for the 100% acquisition by Alliance Energy Services Pte Ltd ("Alliance") through a Scheme of Arrangement at Extraordinary General Meeting in Singapore.  Following sanction of the shareholders' meeting by the High Court of Singapore, all PEC shares will be acquired by Alliance and then PEC will be subsequently delisted from the Singapore Stock Exchange.  Alliance is a holding co ...

Liberty Energy Inc. (LBRT) reported a first-quarter 2025 adjusted net income of 4 cents per share, which marginally beat the Zacks Consensus Estimate of 3 cents. The Denver, CO-based oil and gas equipment company's outperformance indicated operational efficiencies as well as increased utilization of frac and wireline fleets. However, the bottom line underperformed the year-ago quarter’s reported figure of 48 cents due to a decline in service activity.The company's revenues totaled $977.5 million, which beat ...

Revenue and Income - Revenue decreased by $95.7 million, or 9%, to $977.5 million for Q1 2025 compared to $1.1 billion for Q1 2024[129] - Operating income fell by $97.3 million to $18.2 million for Q1 2025 compared to $115.4 million for Q1 2024[128] - Net income decreased by $61.8 million to $20.1 million for Q1 2025 compared to $81.9 million for Q1 2024[128] - EBITDA for the three months ended March 31, 2025, was $165.2 million, a decrease of $73.4 million from $238.6 million in the same period of 2024[140] - Adjusted EBITDA for the three months ended March 31, 2025, was $168.2 million, down $76.6 million from $244.8 million in the prior year[140] Expenses - Cost of services decreased by $21.1 million, or 3%, to $761.6 million for Q1 2025 compared to $782.7 million for Q1 2024[130] - General and administrative expenses increased by 24% to $65.8 million for Q1 2025 compared to $53.0 million for Q1 2024[131] Cash Flow and Investments - Net cash provided by operating activities increased by $32.7 million to $192.1 million for the three months ended March 31, 2025, compared to $159.4 million for the same period in 2024[148] - Cash and cash equivalents increased by $4.1 million to $24.1 million as of March 31, 2025, from $20.0 million as of December 31, 2024[142] - Net cash used in investing activities was $106.2 million for the three months ended March 31, 2025, compared to $142.0 million in the same period of 2024, primarily due to proceeds from the sale of common shares and assets[149] - The Company acquired IMG Energy Solutions for approximately $15.2 million during the three months ended March 31, 2025[149] Acquisitions and New Initiatives - The company completed the acquisition of IMG Energy Solutions for approximately $19.6 million on March 3, 2025[123] - Liberty Power Innovations LLC was launched in early 2023 to support the transition to natural gas fueled technologies[122] Market Conditions and Expectations - The average WTI price for Q1 2025 was $71.78 per barrel, down from $77.50 per barrel in Q1 2024[127] - The average Henry Hub price for Q1 2025 was $4.14 per MMBtu, up from $2.44 per MMBtu in Q1 2024[127] - The company expects modest production growth for 2025, with natural gas fundamentals anticipated to be more favorable due to rising LNG export capacity demand[126] Financing and Credit - As of March 31, 2025, the Company had a revolving line of credit of up to $525.0 million, with $210.0 million outstanding and $139.9 million of remaining availability[143] - The Company expanded its equipment lease facilities, resulting in the addition of $27.7 million in new finance lease obligations during the three months ended March 31, 2025[151] Taxation - The effective global income tax rate for the three months ended March 31, 2025, was 28%, compared to 24% for the same period in 2024[154] Shareholder Actions - The Company repurchased and retired shares of Class A Common Stock for $24.0 million during the three months ended March 31, 2025[146]

Financial Data and Key Metrics Changes - Revenue for the first quarter of 2025 was $977 million, a sequential increase of 4% from $944 million in the prior quarter [30] - Net income decreased to $20 million from $52 million in the prior quarter, while adjusted net income fell to $7 million from $17 million [31] - Adjusted EBITDA increased by 8% to $168 million from $156 million in the prior quarter [31] - General and administrative expenses rose to $66 million from $56 million in the prior quarter, primarily due to stock-based compensation [31][32] - Cash balance at the end of the quarter was $24 million, with net debt increasing to $186 million [33] Business Line Data and Key Metrics Changes - High utilization of track and wireline fleets contributed to improved performance across all business lines [30] - Permian sand mines were fully utilized despite adverse weather conditions and oversupplied market conditions [31] - Growth in CNG fuel delivery was noted, indicating diversification in service offerings [31] Market Data and Key Metrics Changes - The oil and gas industry remains cyclical, with current market conditions influenced by tariff negotiations and OPEC plus production strategies [11][14] - North American producers are evaluating macroeconomic scenarios, but no significant changes in oily customer activity have been observed [16][19] - Natural gas fundamentals are favorable due to rising LNG export capacity demand, which may benefit gas producers [15] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet while navigating market uncertainties through greater scale, vertical integration, and technological advancements [12][23] - Strategic investments in equipment technology and digitization are aimed at enhancing operational efficiency and safety [21] - The acquisition of IMG is expected to accelerate entry into the PJM market and expand power services beyond the oil field [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market uncertainties and maintain profitability amid tariff impacts and geopolitical tensions [11][38] - The outlook for the second quarter is strong, with expectations for sequential growth in revenue and profitability [23][36] - Management is closely monitoring market conditions and evaluating macroeconomic scenarios to stay ahead of potential changes in activity [36] Other Important Information - The company launched the Hive, a digital intelligence hub for monitoring frac operations, enhancing real-time decision-making [22] - The average life expectancy of equipment components has significantly increased, demonstrating the effectiveness of predictive maintenance strategies [22] Q&A Session Summary Question: Demand for high-quality assets and pricing discussions - Management noted that while there was a downward trend in pricing, current utilization is based on pricing set during the RFP season, and additional inquiries are coming from existing customers [44][45] Question: Impact of raw material costs on maintenance CAPEX - Management indicated that they do not expect significant changes in raw material pricing, with some costs offset by volume discounts [48][49] Question: Updates on the PowerGen business pipeline - Management expressed excitement about the pipeline of opportunities, which exceeds current capacity, and highlighted advanced conversations with E&P partners [55][56] Question: Full-year guidance and CAPEX - Management confirmed that full-year guidance remains intact, with strong visibility into Q2 performance [59][60] Question: Activity trends with WTI at $60 per barrel - Management suggested that a stable oil price around $60 would lead to modest activity changes, with larger producers likely to maintain their announced CAPEX budgets [110] Question: Flexibility in CAPEX and Digi fleet deliveries - Management confirmed flexibility in adjusting deliveries and capital expenditures based on market conditions [121][102] Question: Attrition rate and reinvestment requirements - Management stated that the company uses a 10% attrition rate and could pause new builds without significantly impacting deployable horsepower [142][143]

Core Insights - Z4 Energy Research has been recognized for its expertise, ranking in the top 2% of financial bloggers and top 5% of overall experts as of January 2021 [1] - The company has been providing energy market insights since 2006, with a focus on oil, natural gas, wind, solar, fuel cells, and other renewables [1] - Z4 Energy Research offers a variety of resources, including weekly slide shows on oil and natural gas inventory reports and daily analyses on individual companies and energy segments [1] Company Offerings - The company posts content six days a week and has been active in the markets since the early 1990s [1] - Z4 Energy Research provides a trading history and insights on buying and selling activities, although it does not offer direct investment advice [1] - The site is fully searchable by ticker and topic, with content available dating back to 2006 [1]

Core Viewpoint - Liberty Oilfield Services reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, but down from $0.48 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was 33.33%, with the company previously expected to post earnings of $0.09 per share but actually reporting $0.10 per share, resulting in an 11.11% surprise [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] Revenue Performance - The company posted revenues of $977.46 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.45%, but down from $1.07 billion in the same quarter last year [3] - Liberty Oilfield Services has topped consensus revenue estimates only once in the last four quarters [3] Stock Performance - Shares of Liberty Oilfield Services have declined approximately 42.7% since the beginning of the year, compared to a decline of 8.3% for the S&P 500 [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $989.02 million, and for the current fiscal year, it is $0.49 on revenues of $3.99 billion [8] - The outlook for the industry, particularly the Oil and Gas - Field Services sector, is currently in the top 37% of Zacks industries, suggesting a favorable environment for stock performance [9]

Liberty Energy Inc. Announces First Quarter 2025 Financial and Operational Results April 16, 2025 Liberty Energy Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2025 financial and operational results. Summary Results and Highlights "Liberty delivered a solid first quarter, with revenue of $977 million and Adjusted EBITDA of $168 million, and distributed $37 million to shareholders through opportunistic share repurchases and dividends. We saw strong sequential improvement in utili ...

Core Viewpoint - Liberty Energy Inc. (LBRT) is expected to report first-quarter 2025 earnings on April 16, with earnings estimated at 3 cents per share and revenues at $948.8 million, reflecting a significant year-over-year decline in both metrics [1][4]. Group 1: Recent Performance - In the last reported quarter, LBRT's earnings were 10 cents per share, beating the Zacks Consensus Estimate by 1 cent, primarily due to a decrease in costs and expenses year-over-year [3]. - Revenues for the last quarter were $943.6 million, missing the Zacks Consensus Estimate by 3.4% due to soft industry activity [3]. - Over the trailing four quarters, LBRT has beaten the consensus estimate twice and missed it twice, with an average negative surprise of 4.13% [4]. Group 2: Upcoming Quarter Expectations - The Zacks Consensus Estimate for first-quarter 2025 earnings has decreased by 1 cent (25%) to 3 cents per share, indicating a 93.8% year-over-year decline [4]. - Revenue estimates for the upcoming quarter are projected to decline to $919.4 million from $1.1 billion in the previous year, attributed to geopolitical uncertainties, a sluggish completion services market, and lower customer activity levels [5]. - Operating expenses are expected to decrease to $943.4 million, down 1.5% from the previous year, with cost of services anticipated to drop from $782.7 million to $760.2 million [6]. Group 3: Earnings Prediction Model - The Zacks model does not indicate a conclusive earnings beat for LBRT this time, as the Earnings ESP is -5.19%, which suggests a lower likelihood of exceeding earnings expectations [7][8]. - LBRT currently holds a Zacks Rank of 3, indicating a hold position [9].