All users should speak with their financial advisor before buying or selling any securities. 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. We are encouraged by the progress weve made in the first quarter. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 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. 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%. alongside a more general view of the financials and future forecast. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. StockInvest.us provides daily technical stock analysis commentaries and Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. 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. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. Over the last four quarters, the company has surpassed consensus EPS estimates two times. We expect continued modest rises in frac pricing in subsequent 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. 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. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. However, the absence of these words does not mean that the statements are not forward-looking. Chief Financial Officer If you wish to go to ZacksTrade, click OK. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Please read the full disclaimer here. 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. The monthly returns are then compounded to arrive at the annual return. This information can give you a slight idea of what you might expect for the next quarter's release. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? 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? 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. This quarterly report represents an earnings surprise of 205.56%. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. 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. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current Liberty is headquartered in Denver, Colorado. The term loan requires only a 1% annual amortization of principal, paid quarterly. You can change your choices at any time by visiting your privacy controls. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. 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. 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. Participants should ask to join Libertys call. 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 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. For example, a company with a current P/E of 25, trades Click Manage settings for more information and to manage your choices. 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. So, the shares are expected to outperform the market in the near future. This compares to loss of $0.21 per share a year ago. Zacks->. DENVER--(BUSINESS WIRE)-- We also set many operational records during 2021. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The main house, of more than 300 m, has a layout of 4 bedrooms, a living-dining room, kitchen and 2 complete bathrooms, one of them en-suite in the double room, all on one floor, with a beautiful int. What's Next for Liberty Oilfield Services? 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. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 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. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. The Manpower brand offers contingent staffing and permanent recruitment. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. financial data for more than 25 000 publicly traded companies based on our calculated Net loss attributable to controlling and non-controlling interests. ZacksTrade and Zacks.com are separate companies. Visit Performance Disclosure for information about the performance numbers displayed above. If you do not, click Cancel. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. 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. 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. Paterna House / Villa. 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. The passcode for the replay is 6679552. 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 frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. 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. Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. The company has topped consensus revenue estimates four times over the last four quarters. IR@libertyfrac.com. 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. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 22,551 sqft lot. Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. The webcast can be accessed for 90 days following the call. 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