Financial PerformanceLBRT's discounted valuation, steady free cash flow conversion, cash returns to shareholders, and higher margin technology investments align with a positive outlook.
Shareholder ReturnsLBRT repurchased ~$30MM of shares, or 0.8% of shares outstanding, with a total shareholder return of ~$42MM.
Technology TransitionThe transition to digiFleets and dual fuel technologies should support higher profitability and returns.