For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. (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. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. 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. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Do Not Sell My Personal Information (CA Residents Only). Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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.Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Operating and finance lease right-of-use assets, Current portion of operating and finance lease liabilities, Current portion of long-term debt, net of discount, Long-term operating and finance lease liabilities, Payable pursuant to tax receivable agreements, Accumulated other comprehensive income (loss), Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA, Depreciation, depletion, and amortization, Loss (gain) on remeasurement of liability under tax receivable agreements, Calculation of Pre-Tax Return on Capital Employed. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. All of this was achieved in challenging times and executed with our best safety performance in Company history, commented Chris Wright, Chief Executive Officer. We, Yahoo, are part of the Yahoo family of brands. Is your stock priced above or below the average P/E ratio? This compares to year-ago revenues of $581.29 million. (Find current average P/E ratios for all sectors below). Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. Visit www.zacksdata.com to get our data and content for your mobile app or website. This compares to loss of $0.21 per share a year ago. (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. E&P operators are responding to oil and gas price signals. Click Manage settings for more information and to manage your choices. To read this article on Zacks.com click here. 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. The net loss for the quarter was negatively impacted by $9 million related to loss on disposal of assets and remeasurement of liability under tax receivable agreements (TRA). Fully diluted loss per share was $1.03 for the year ended December 31, 2021 compared to a loss of $1.36 per share for the year ended December 31, 2020. Operating and finance lease right-of-use assets, Current portion of operating and finance lease liabilities, Current portion of long-term debt, net of discount, Long-term operating and finance lease liabilities, Payable pursuant to tax receivable agreement, Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income to EBITDA and Adjusted EBITDA, Gain on remeasurement of liability under tax receivable agreement, Calculation of Pre-Tax Return on Capital Employed. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. 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. So, the shares are expected to outperform the market in the near future. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. GAAP). Zacks Equity Research for 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. 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. Zacks Equity Research These figures are adjusted for non-recurring items. We also set many operational records during 2021. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Watch. 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. alongside a more general view of the financials and future forecast. IR@libertyfrac.com, Internet Explorer presents a security risk. 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%. 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. 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. The passcode for the replay is 6679552. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. This compares to loss of $0.29 per share a year ago. The Manpower brand offers contingent staffing and permanent recruitment. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Liberty is headquartered in Denver, Colorado. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. This compares to loss of $0.22 per share a year ago. 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. Please see the supplemental financial information in the table under Reconciliation of Net Income (Loss) 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. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. Earnings reports generally provide an update of all three financial statements, including the income statement, Despite good reports, Over the last four quarters, the company has surpassed consensus EPS estimates two times. Chief Financial Officer The replay will be available until February 16, 2022. Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. 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. Liberty Oilfield Services (. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. 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 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. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. 5,587 sqft. 4 Baths. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 Want the latest recommendations from Zacks Investment Research? However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. Chief Financial Officer You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. As of December 31, 2021, it had a total of approximately 30 active frac fleets. See our report's 7 new picks today, absolutely FREE. Today, you can download 7 Best Stocks for the Next 30 Days. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. 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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Participants should ask to join Libertys call. 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 (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This compares to. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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%. Relatively low and declining oil and gas inventories have led to persistent upward pressure on commodity prices, even prior to the Russian invasion of Ukraine. For example, a company with a current P/E of 25, trades Liberty is headquartered in Denver, Colorado. This widely-known . DENVER--(BUSINESS WIRE)-- Users should not base their investment decision upon StockInvest.us. Plus500. Liberty Oilfield Services Inc. Stock Earnings Report. 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. 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. Real time prices by BATS. 303-515-2851 Also, you can see the pre-estimates and the actual earnings. The company has topped consensus revenue estimates four times over the last four quarters. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: To read this article on Zacks.com click here. This compares to year-ago revenues of $653.73 million. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. 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. The company has topped consensus revenue estimates four times over the last four quarters.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.Liberty Oilfield Services shares have added about 24.2% since the beginning of the year versus the S&P 500's decline of -16.9%.What's Next for Liberty Oilfield Services?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?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. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. The webcast can be accessed for 90 days following the call. Adjusted EBITDA is a non-GAAP financial measure. So, the shares are expected to outperform the market in the near future. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Liberty has focused on finding the right long-term partnerships for the coming years and has been very disciplined in holding our active frac fleet count steady until returns are strong. A live webcast will be available at http://investors.libertyfrac.com. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Over the last four quarters, the company has surpassed consensus EPS estimates three times. A live webcast will be available at http://investors.libertyfrac.com. These figures are adjusted for non-recurring items. ET LBRT earnings call for the period ending June 30,. 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. 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. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. 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. 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. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. Copy and paste multiple symbols separated by spaces. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. 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. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. The report will also indicate a possible Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Paterna House / Villa. LBRT Quick Quote. 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. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on February 22, 2022 and in our other public filings with the SEC. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. featured in The Global Fintech Index 2020 as the top Fintech company of the country. 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. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. NYSE and AMEX data is at least 20 minutes delayed. Terms of Use and Privacy Policy. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. Liberty Oilfield Services shares have added about 24.2% since the beginning of the year versus the S&P 500's decline of -16.9%. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. From continuing operations, and depreciation, depletion and amortization investment in innovation positions us well the. 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Site, you accept our use of cookies, revised Privacy Policy Terms. To read this article liberty oilfield services quarterly earnings Zacks.com click here presenting Libertys results will be Chris,. Loss of $ 0.22 per share, earnings from continuing operations, and sales. Significant turning point in moving these cost pressures behind us, continued Mr. Wright, absolutely FREE forecast. Nyse and AMEX data is at least 20 minutes delayed through the acquisition PropX... Lbrt-1.19 % ) Q1 2021 earnings Call for the future, continued Mr. Wright determine the monthly.... Actual results may differ materially from those indicated or implied by such forward-looking statements, you our! Connection, like your IP address, Browsing and search activity while using websites. That our investments today will lead to strong returns in the near future fluctuate wildly on days the! 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The webcast can be accessed for 90 days following the Call activity for your own individual and.

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