The webcast can be accessed for 90 days following the call. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended March 31, 2022, December 31, 2021, and March 31, 2021 exclude weighted average shares of Class B common stock (2,092, 2,581, and 16,333, respectively) and restricted stock units (4,745, 4,039, and 3,326, respectively) outstanding during the period. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 . Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. So, the shares are expected to outperform the market in the near future. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. The Manpower brand offers contingent staffing and permanent recruitment. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. dividend. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. These figures are adjusted for non-recurring items. 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. 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. To read this article on Zacks.com click here. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. 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 will report earnings from the most recent quarter on April 20. This quarterly report represents an earnings surprise of 81.25%. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. 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 My Quotes by selecting it and pressing Enter/Return. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 The monthly returns are then compounded to arrive at the annual return. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. 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. (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. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. This compares to loss of $0.29 per share a year ago. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. 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 Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. We are benefiting from increased pricing in 2022, driven by a pass-through of inflationary costs and higher net service pricing. 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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 16 analysts predict losses of $0.161 per share compared to losses of $0.210 per share in the same quarter of the previous year. All users should speak with their financial advisor before buying or selling any securities. Earnings reports generally provide an update of all three financial statements, including the income statement, 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. You can change your choices at any time by visiting your privacy controls. 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. 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. We, Yahoo, are part of the Yahoo family of brands. 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 modest, below stated plan, increases in OPEC supply and release of global emergency oil reserves are simply not enough to supply a rebounding world economy. Below you can see how LBRT performed 4 days prior and 4 days after releasing the However, the prize was large and our team worked in overdrive to bring nearly 2,000 new team members into Liberty while continuing to deliver superior service performance to all of our customers, both legacy and new. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. 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. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. LBRT Quick Quote. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. By using the site you agree and are held 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. 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. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Liberty Energy Inc. (LBRT) - free report >>. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. 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. Forward-Looking and Cautionary Statements. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Net loss attributable to controlling and non-controlling interests. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. This compares to loss of $0.21 per share a year ago. 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. 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%. A wealth of resources for individual investors is available at www.zacks.com. A higher P/E ratio shows that investors are willing to pay a higher share price today because 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. Best Professional Services in Paterna, Valencian Community. 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%. Adjusted EBITDA is a non-GAAP financial measure. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. 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. 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. Written by Today, that discovery is still the heart of the Zacks Rank. technical signals. 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. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. 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. 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. Chief Financial Officer Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Here's what investors need to know before the announcement. 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. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, 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. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. These returns cover a period from January 1, 1988 through December 5, 2022. This widely-known . Ludoteca Mundo Magico, Eciglogstica, Ainia, Somnis, una fbrica de sueos, Restaurante Montecaada, CEEI Valencia, Centro Europeo de Empresas Innovadoras de Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Best General cleaning services in Paterna, Valencian Community. This compares to loss of $0.22 per share a year ago. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. 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. Energy enables everything we do, and our passion is to energize the world. See our report's 7 new picks today, absolutely FREE. The replay will be available until February 16, 2022. of an earnings report. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Participants should ask to join the Liberty Oilfield Services call. 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. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Watch. 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. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter.5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Despite good reports, In keeping with our companys expanded scope, we are updating our name to Liberty Energy. 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. 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. Type a symbol or company name. NASDAQ data is at least 15 minutes delayed. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. This compares to loss of $0.29 per share a year ago. For the last reported quarter, it was expected that Liberty Oilfield Services would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of +23.81%. 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. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Plus500. These figures are adjusted for non-recurring items. 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. 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 is headquartered in Denver, Colorado. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. 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. (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. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. liable for your own investment decisions and agree to the As of March 31, 2022, Liberty had cash on hand of $33 million, and total debt of $212 million including $108 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. For example, a company with a current P/E of 25, trades This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. 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. 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. These figures are typically measured against previous quarters/years. 5,587 sqft. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) DENVER--(BUSINESS WIRE)-- It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 6 Beds. You can change your choices at any time by visiting your privacy controls. What's Next for Liberty Oilfield Services? 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. 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. 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. Please read the full disclaimer here. GAAP). 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. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. Liberty Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. This compares to year-ago revenues of $581.29 million. These figures are adjusted for non-recurring items. 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. 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. Fully diluted loss per share was $0.03 for the first quarter of 2022 compared to a loss of $0.31 for the fourth quarter of 2021. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. What's Next for Liberty Oilfield Services? The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. 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. 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. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. 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 acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. We are encouraged by the progress weve made in the first quarter. In our eleven-year history we have seen two deep downturns, 2015 to 2016 and the recent Covid-induced downturn, and we have executed transformative transactions during both. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock
did danny thomas have grandchildren
Barbara Klein & Krista Schweiggl