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.”
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.