Liberty Energy reports Q4 adjusted EPS 10c, consensus 10c

Reports Q4 revenue $944M, consensus $978.43M. “Liberty delivered strong leadership in technological innovation and executional excellence in 2024. Solid financial performance and several operational records were achieved, even as industry activity softened through the year. Full year ROCE was 17%, and a CROCI of 21% exceeded the 13-year S&P average,” commented Ron Gusek, incoming CEO. “We executed on our fleet transition initiatives, cost optimization efforts using AI-enhanced digital systems, and expansion of our natural gas fueling and delivery capacity to optimal scale. Entering 2025, we have two key strategic priorities: a continued focus on technology innovation in completions services and significant expansion of our burgeoning power generation services business. As the preeminent completions service provider, the innovation cycle in software, equipment, and design is driving long-term margin enhancement, improvement in capital efficiency, and lower emissions. This year, our pace of next generation equipment deployment will moderate to four to five digiFleets, alongside the retirement of legacy conventional equipment.”