Liberty Energy expects modest adjusted EBITDA and revenue growth in the first quarter, along with strong free cash flow from completions services.
Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.54 per share a year ago.
LBRT expects lower revenues due to a weak global macroeconomic environment, but an improved bottom line due to cost reductions in the fourth quarter of 2024.
Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LBRT and DC Grid team up to deliver innovative, modular energy systems that reduce emissions and support industries like EV hubs and data centers with reliable power.
Stifel raised the firm's price target on Liberty Energy to $25 from $23 and keeps a Buy rating on the shares. Heading into 2025, the firm expects "more of the same" in the Oil Services world as well limited macro-catalysts for the stocks, the analyst tells investors. Stifel listed the company as one of its favorite names in the Energy Services and Equipment sector.
LBRT's performance is affected by pricing pressures, reduced profitability and declining revenues. High CapEx commitments and fleet activity cuts add to the financial uncertainty.
Liberty Energy is a company dedicated to the production and rental of equipment for onshore oil exploitation in the US. Given the possibility of a return to a boom in American oil production with Trump's victory, LBRT seems a good option. If we annualize the adjusted EBITDA values for the last quarter, we see that the EV/EBITDA ratio is at levels of 3.49x.
Liberty Energy Inc. offers diverse energy exposure and is poised for growth with the incoming administration's favorable energy policies, making it a Strong Buy. Despite recent financial setbacks, Liberty's strategic investments and ESG initiatives, like the Bettering Human Lives Foundation, highlight its long-term value and commitment to societal impact. The company's balance sheet remains robust, with disciplined capital deployment and a focus on delivering healthy free cash flow and shareholder returns in 2025.
CNBC's Pippa Stevens reports on the latest president-elect Trump pick for his incoming administration.
Shares of Liberty Energy (LBRT) rose Monday after Chief Executive Officer (CEO) Chris Wright was tapped by President-elect Donald Trump to be energy secretary.
Wright said he is “deeply honored” by the nomination and he plans to work to bring “affordable, reliable energy to the citizens of the United States and beyond.”