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Liberty Oilfield Services (LBRT)
NYSE:LBRT
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.54Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -9.16%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong operational achievements and capital return strategies amidst macroeconomic challenges and market uncertainties. While Liberty showcased robust financial performance and strategic investments, they also faced pricing pressures and a softening demand environment leading to temporary fleet reductions.Company Guidance
During the Liberty Energy Q3 2024 earnings call, the executives provided a comprehensive overview of the company's financial performance and strategic initiatives. Liberty reported a solid quarter with a revenue of $1.1 billion and adjusted EBITDA of $248 million. The company emphasized its operational efficiency and technological advancements, particularly highlighting the performance of its digiPrime fleet, which achieved record operational performance. Liberty also noted a strong return of capital to shareholders, with $39 million in share repurchases and a 14% increase in the quarterly cash dividend to $0.08 per share. The company has distributed $509 million to shareholders since July 2022. Looking ahead, Liberty anticipates a low double-digit percentage reduction in Q4 activity due to industry-wide softening but expects completions activity to increase in early 2025. The executives also discussed the strategic shift towards investing in power generation services, leveraging their expertise in constructing and managing power plants, and highlighted opportunities in the growing demand for natural gas and nuclear energy, with partnerships like that with Oklo.Solid Quarterly Financial Performance
Liberty delivered a strong quarter with revenue of $1.1 billion and adjusted EBITDA of $248 million, despite a slowing demand environment.
Record Operational Efficiency
Achieved new heights in pumping hours with the Liberty digiPrime fleet setting a company record for hours pumped in a month by any crew.
Robust Capital Return Program
Increased share repurchases to $39 million and announced a 14% increase in quarterly cash dividend to $0.08 per share, totaling $509 million returned to shareholders since July 2022.
Expansion into New Markets and Technologies
Liberty entered partnerships to develop the Beetaloo Basin in Australia and launched its first digiPrime pumps from the LAET division.
Strong Cash Flow and Investment Flexibility
Generated strong free cash flow and maintained net debt at $100 million, providing flexibility for strategic investments and shareholder returns.
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LBRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LBRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $20.00 | $18.22 | -8.90% |
| Jul 17, 2024 | $21.96 | $22.31 | +1.59% |
| Apr 17, 2024 | $21.28 | $21.86 | +2.73% |
| Jan 24, 2024 | $18.13 | $19.29 | +6.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Liberty Oilfield Services (LBRT) report earnings?
Liberty Oilfield Services (LBRT) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Liberty Oilfield Services (LBRT) earnings time?
Liberty Oilfield Services (LBRT) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LBRT EPS forecast?
LBRT EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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