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. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.19 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 13.40%. 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Net loss attributable to controlling and non-controlling interests. So, the shares are expected to outperform the market in the near future. Liberty Oilfield Services , which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.19 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 13.40%. This compares to loss of $0.22 per share a. Liberty revenue increased 16% sequentially as we leveraged our vertically integrated portfolio to better mitigate the early quarter impacts of sand and logistics challenges, notably in the Permian basin. Below you can see how LBRT performed 4 days prior and 4 days after releasing the All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. The passcode for the replay is 6679552. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. The results are expected to be released on October 27. The replay will be available until February 16, 2022. Is your stock priced above or below the average P/E ratio? 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. Net loss1 (after taxes) totaled $187 million for the year ended December 31, 2021 compared to net loss1 of $161 million for the year ended December 31, 2020. 303-515-2851 This compares to loss of $0.29 per share a. Total liquidity, including availability under the credit facility, was $269 million. For more information about Liberty, please contact Investor Relations at [email protected]. The current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. ZacksTrade and Zacks.com are separate companies. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Visit Performance Disclosure for information about the performance numbers displayed above. 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? 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. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. Net loss before income taxes for the year ended December 31, 2021 included non-recurring transaction, severance and other costs of $15.1 million compared to $21.1 million for the year ended December 31, 2020. The webcast can be accessed for 90 days following the call. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. We are encouraged by the progress weve made in the first quarter. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. This compares to year-ago revenues of $581.29 million. The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. 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%. 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. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. 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. These figures are adjusted for non-recurring items. All users should speak with their financial advisor before buying or selling any securities. $176/sqft. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. 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. This compares to loss of $0.22 per share a. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. 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. Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 2022. Revenue of $793 million increased 16% sequentially Net loss 1 was $5 million, or $0.03 fully diluted loss per share Adjusted EBITDA 2 of . 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. Over the last four quarters, the company has surpassed consensus EPS estimates three times. We were simply not willing to sacrifice customer service, employee satisfaction and safety, each of which is critical to long-term financial success, even though there was a financial cost to our 2021 financial results. These figures are typically measured against previous quarters/years. 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. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Zacks Equity Research (Find current average P/E ratios for all sectors below). As of March 31, 2021, Liberty had cash on hand of $70 million, approximately flat from fourth quarter levels, and total debt of $106 million, net of deferred financing costs and original issue . Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. Announces Third Quarter 2022 Financial and Operational Results, Fourth Quarter 2022 Earnings Conference Call, Third Quarter 2022 Earnings Conference Call, View our leaders, Board of Directors, Committees and Governance Documents. Privacy Policy | No cost, no obligation to buy anything ever. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. 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. price of the stock. 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. 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. So, the shares are expected to outperform the market in the near future. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. The webcast can be accessed for 90 days following the call. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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. 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