technical signals. 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. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. ratios and use a decline as an exit point. This compares to loss of $0.29 per share a year ago. The results are expected to be released on July 27.This provider of equipment and services to energy companies is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +166.7%. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. Delayed quotes by Sungard. Net loss before income taxes totaled $57 million for the fourth quarter of 2021 compared to net loss before income taxes of $39 million for the third quarter of 2021. 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. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Watch. Want the latest recommendations from Zacks Investment Research? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. Zacks Equity Research We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. 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. Privacy Policy | No cost, no obligation to buy anything ever. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. 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. 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. Liberty is headquartered in Denver, Colorado. We entered 2022 with the right people, asset base and strategy to execute in a tightening frac market, and we are pleased to deliver strong first quarter results. A live webcast will be available at http://investors.libertyfrac.com. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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. This compares to loss of $0.29 per share a year ago. This compares to . What's Next for Liberty Oilfield Services? 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. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. Liberty is headquartered in Denver, Colorado. 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. This compares to loss of $0.29 per share a year ago. Copyright Liberty Oilfield Services LLC 2023. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. 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. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended December 31, and September 30, 2021, and December 31, 2020, exclude weighted average shares of Class B common stock (2,581, 1,860, and 21,970, respectively), restricted shares (0, 0, and 79, respectively) and restricted stock units (4,039, 3,256, and 2,507, respectively) outstanding during the period. All users should speak with their financial advisor before buying or selling any securities. Although Russian export volumes of oil and gas have been only modestly impacted so far, uncertainty regarding potential future impacts of sanctions and buyer aversion to Russian hydrocarbons presents significant risk to future supply and demand balances. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Find out more about how we use your information in our privacy policy and cookie policy. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. Best General cleaning services in Paterna, Valencian Community. Net loss attributable to controlling and non-controlling interests. price of the stock. 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. These returns cover a period from January 1, 1988 through December 5, 2022. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. What's Next for Liberty Oilfield Services? Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The monthly returns are then compounded to arrive at the annual return. ET LBRT earnings call for the period ending June 30,. 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. IR@libertyfrac.com, Internet Explorer presents a security risk. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. 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. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. We also set many operational records during 2021. A wealth of resources for individual investors is available at www.zacks.com. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. 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. 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. Summary Results and Highlights. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. If you do not, click Cancel. Type a symbol or company name. The public operators are maintaining discipline and will show only modest production growth this year, while the private operators are reacting more robustly to strong commodity prices. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. 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. You can change your choices at any time by visiting your privacy controls. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +336.7%. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. So, the shares are expected to outperform the market in the near future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. To read this article on Zacks.com click here. 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. Liberty Oilfield Services (LBRT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. This quarterly report represents an earnings surprise of 23.81%. 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