Liberty achieved the highest diesel displacement in its history with natural gas-powered digiFleets and set a record for gas substitution in dual fuel technologies. The company expanded the Liberty Power Innovations ("LPI") portfolio by launching operations in the DJ Basin, including new compression capacity and logistics assets. LBRT also achieved its first CNG sales, supporting Liberty fleets and customer drilling rigs in June. Costs and Expenses Liberty reported total costs and expenses of $1018.1 millio ...

Liberty Energy Inc. (NYSE:LBRT) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Anjali Voria - Director of Investor Relations Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Scott Gruber - Citigroup Marc Bianchi - TD Cowen Arun Jayaram - J.P. Morgan Jeffrey LeBlanc - Tudor, Pickering, Holt & Co. Stephen Gengaro - Stifel Waqar Syed - ATB Capital Markets Derek Podhaizer - Barclays Neil Mehta - Gol ...

22 Frac industry trends have moderated marginally in recent periods, on the heels of slightly softer drilling activity in both oil and gas basins during the first half of 2024. Industry-wide completions activity has declined to levels consistent with only flat oil and gas production, and we believe completions activity will need to increase from current levels in order for the U.S. to increase oil and gas production. We expect this to lead to a resurgence in demand for quality frac crews in 2025. During the ...

This quarterly report represents an earnings surprise of 1.67%. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.54 per share when it actually produced earnings of $0.48, delivering a surprise of -11.11%. 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? Empirical research shows a strong correlation between near-term stock movements and trends in ...

July 17, 2024 Summary Results and Highlights "In the second quarter we delivered strong operating and financial performance and demonstrated the value of Liberty's competitive advantage," commented Chris Wright, Chief Executive Officer. "We delivered 8% and 12% sequential increases in revenue and Adjusted EBITDA , respectively, while industry drilling and completions activity modestly softened over the same period. Record average daily pumping efficiencies and record safety performance, coupled with increas ...

Highlights of Q1 Earnings In the last reported quarter, the Denver, CO-based oilfield service company's earnings missed the consensus mark. LBRT reported an earnings per share of 48 cents, which was 6 cents lower than the Zacks Consensus Estimate. This was primarily due to poor equipment and services execution and lower activity in the reported quarter. Revenues of $1.07 billion also missed the Zacks Consensus Estimate by 0.9%. LBRT's earnings beat the Zacks Consensus Estimate in one of the trailing four qu ...

Investors in Liberty Energy Inc. (LBRT) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $12 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...

The market expects Liberty Oilfield Services (LBRT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management ...

As part of its shareholder return policy, LBRT repurchased shares worth $30 million at an average price of $20.36 per share during the reported quarter. Costs and Expenses LBRT reported total costs and expenses of $957.7 million in the first quarter, down 7.65% from the year-ago quarter's level. The figure was also higher than our projection of $950.4 million. It has been about a month since the last earnings report for Liberty Oilfield Services (LBRT) . Shares have added about 4.1% in that time frame, unde ...

Liberty Energy Inc. (NYSE:LBRT) Q1 2024 Earnings Call Transcript April 18, 2024 10:00 AM ET Company Participants Anjali Voria - Strategic Finance and Investor Relations Lead Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Roger Read - Wells Fargo Stephen Gengaro - Stifel Neil Mehta - Goldman Sachs Luke Lemoine - Piper Sandler Arun Jayaram - J.P. Morgan Scott Gruber - Citigroup Derek Podhaizer - Barclays Marc Bianchi - TD Cowen ...