Liberty Oilfield Services Inc. ( (LBRT) ) has released its Q4 earnings. Here is a breakdown of the information Liberty Oilfield Services Inc. presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Liberty Energy Inc. is a leading energy services company specializing in completion services and technologies for the oil, natural gas, and geothermal energy sectors in North America, with a strong focus on technological innovation and energy solutions.
In its latest earnings report, Liberty Energy Inc. announced a revenue of $4.3 billion for the full year of 2024, with a net income of $316 million. The company highlighted its strategic initiatives and technological advancements, particularly in digital systems and power generation services.
Key financial metrics include an Adjusted EBITDA of $922 million, with a 17% Adjusted Pre-Tax Return on Capital Employed and a 21% Cash Return on Invested Capital. The company repurchased 3.8% of its shares in 2024 and increased its quarterly cash dividend by 14%. Liberty’s operational achievements include a record number of pumping hours and expanded infrastructure in natural gas services.
Looking ahead, Liberty Energy is focused on expanding its power generation services and continuing technology innovations to improve efficiency and reduce emissions. The company is poised to capitalize on the growing demand for power infrastructure solutions and aims to provide significant value for its shareholders through strategic investments.
Liberty’s management remains optimistic about the future, anticipating modest revenue and Adjusted EBITDA growth in the first quarter of 2025. The company plans to balance growth opportunities with shareholder returns, leveraging its expertise to meet increasing power demands.
