Liberty Oilfield Services (LBRT) reported earnings 30 days ago. What's next for the stock?
LBRT expects the capital expenditure to reach $200 million in the fourth quarter and projects a tax expense rate of 23-24% of pre-tax income for 2024.
Liberty Energy Inc. (NYSE:LBRT ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Company Participants Anjali Voria - Director, Investor Relations Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Scott Gruber - Citigroup Ati Modak - Goldman Sachs Stephen Gengaro - Stifel Saurabh Pant - BoA Marc Bianchi - TD Cowen Keith Mackey - RBC Capital Markets Jeff LeBlanc - TPH Roger Read - Wells Fargo Waqar Syed - ATB Capital Markets Tom Curran - Seaport Research Partners Eddie Kim - Barclays John Daniel - Daniel Energy Partners Operator Welcome to the Liberty Energy Earnings Conference Call. All participants will be in listen-only mode.
Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.85 per share a year ago.
LBRT expects lower Q3 revenues due to a weak global macroeconomic environment. However, it anticipates an improvement in its bottom line due to cost reductions.
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's strong YTD gains highlight its efficiency and innovation, but exposure to volatile commodity prices and softening industry conditions may raise caution.
Liberty Oilfield Services (LBRT) reported earnings 30 days ago. What's next for the stock?
Liberty Energy (LBRT) aims to sustain strong performance amid softening industry conditions by investing in competitive advantages, making robust cash flow and delivering value to its shareholders.
Liberty Energy is FCF positive after dividends, share repurchases, and CAPEX spending. The company is gaining market share as a result of being a top-tier service provider. Longer term, natural gas drilling demand and refrac opportunities should improve the company's earning potential through higher service fees.
Liberty Energy Inc. (NYSE:LBRT ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Anjali Voria - Director of Investor Relations Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Scott Gruber - Citigroup Marc Bianchi - TD Cowen Arun Jayaram - J.P. Morgan Jeffrey LeBlanc - Tudor, Pickering, Holt & Co. Stephen Gengaro - Stifel Waqar Syed - ATB Capital Markets Derek Podhaizer - Barclays Neil Mehta - Goldman Sachs Tom Curran - Seaport Research Partners Keith MacKey - RBC Capital Markets Operator Welcome to the Liberty Energy Earnings Conference Call.
Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.87 per share a year ago.