LBRT Beats Q1 Earnings & Revenue Estimates, Sees Sequential Growth

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 ...