Get prepared with the key expectations. 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. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. A wealth of resources for individual investors is available at www.zacks.com. 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%. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Here's what investors need to know before the announcement. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. If you do not, click Cancel. 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. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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%. Pre-tax Return on Capital Employed is the ratio of pre-tax net loss for the twelve months ended December 31, 2021 to Average Capital Employed. Zacks Ranks stocks can, and often do, change throughout the month. 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. IR@libertyfrac.com, Internet Explorer presents a security risk. Liberty Energy Inc. (LBRT) - free report >>. Best Professional Services in Paterna, Valencian Community. 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. Today, you can download 7 Best Stocks for the Next 30 Days. Factors Likely to Affect Procter & Gamble's (PG) Q2 Earnings, : Virgin Galactic confirms space-tourism flights on track for Q2, Earnings Preview: Procter & Gamble (PG) Q2 Earnings Expected to Decline, Tilray Brands (TLRY) Q2 2023 Earnings Call Transcript, Tilray Brands, Inc. (TLRY) Reports Q2 Loss, Misses Revenue Estimates, Registration on or use of this site constitutes acceptance of our. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to outperform the market in the near future. To read this article on Zacks.com click here. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. 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 and non-recurring expenses that management does not consider in assessing ongoing performance. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. All users should speak with their financial advisor before buying or selling any securities. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Zacks Equity Research for The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. (share counts presented in 000s). To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Revenue of $684 million for the quarter ended December 31, 2021, a 5% increase from the third quarter, Acquisition and integration of OneStim and PropX to optimize Liberty platform with enhanced technology and scale, Record revenue, proppant and stages pumped in 2021, Best safety performance in Company history in 2021. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. financial data for more than 25 000 publicly traded companies based on our calculated Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Terms of Use and Privacy Policy. Delayed quotes by Sungard. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.18 per share when it actually produced earnings of $0.55, delivering a surprise of 205.56%. The monthly returns are then compounded to arrive at the annual return. Liberty Oilfield Services (LBRT Quick QuoteLBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. We, Yahoo, are part of the Yahoo family of brands. 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. The Manpower brand offers contingent staffing and permanent recruitment. 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. 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. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. Analysts estimate . In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. The passcode for the replay is 1068517. 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). Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. 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. Copyright Liberty Oilfield Services LLC 2023, https://www.businesswire.com/news/home/20220420006083/en/, Integration of PropX logistics and software solutions improved frac operations in the first quarter, Liberty wireline completed the longest-ever lateral length and deepest measured depth well onshore in, Multiple operational pumping records, including 75 hours of continuous plug and perf pump time. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. New factors emerge from time to time, and it is not possible for us to predict all such factors. E&P operators are responding to oil and gas price signals. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Over the last four quarters, the company has surpassed consensus EPS estimates two times. 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. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. This compares to year-ago revenues of $653.73 million. Please read the full disclaimer here. The results are expected to be released on July 27. These returns cover a period from January 1, 1988 through December 5, 2022. We are encouraged by the progress weve made in the first quarter. Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, February 9, 2022. technical signals. 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? Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Liberty Energy. 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? 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