We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Zacks Investment Research, Plus500. (share counts presented in 000s). Zacks Investment Research, Liberty Energy Inc. (LBRT) : Free Stock Analysis Report, Linde plc (LIN) : Free Stock Analysis Report. Chief Financial Officer 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. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. 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. 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. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. 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. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. 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. The webcast can be accessed for 90 days following the call. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. 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%. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. In addition, the company owns operates two s LBRT Profile. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. This quarterly report represents an earnings surprise of 81.25%. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. 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. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. 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. The information above includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For the last reported quarter, it was expected that Liberty Oilfield Services would post a loss of $0.06 per share when it actually produced earnings of $0.02, delivering a surprise of +133.33%. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. NYSE and AMEX data is at least 20 minutes delayed. Energy enables everything we do, and our passion is to energize the world. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The term loan requires only a 1% annual amortization of principal, paid quarterly. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. 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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. However, the absence of these words does not mean that the statements are not forward-looking. A Tale of Two Investors: Which One Are You? 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. 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. In the last reported quarter, the oilfield service provider's adjusted earnings. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. Forward-Looking and Cautionary Statements. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. 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. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. 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. For more information about Liberty, please contact Investor Relations at [email protected]. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. price of the stock. (Find current average P/E ratios for all sectors below). This compares to loss of $0.29 per share a year ago. Chief Financial Officer Zacks->. 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. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 6 Beds. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Net loss attributable to controlling and non-controlling interests. 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. GAAP). Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. We expect continued modest rises in frac pricing in subsequent quarters. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. GAAP). This includes personalizing content and advertising. 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. Liberty is headquartered in Denver, Colorado. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Net loss attributable to Liberty Oilfield Services Inc. stockholders $ (55,589 ) $ (38,890 ) $ (37,030 ) $ (179,244 ) $ (115,583 ) Net loss attributable to Liberty Oilfield Services Inc . $176/sqft. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. These figures are adjusted for non-recurring items. These returns cover a period from January 1, 1988 through December 5, 2022. The company has topped consensus revenue estimates four times over the last four quarters. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. In 2021, the focus was the integration of OneStim and its customers into Liberty. Best Professional Services in Paterna, Valencian Community. 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. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the . 303-515-2851 Participants should ask to join Libertys call. 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. 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 (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. Visit Performance Disclosure for information about the performance numbers displayed above. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Liberty Oilfield Services Inc. 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