See more : Photoelectron Corp. (PECN) Income Statement Analysis – Financial Results
Complete financial analysis of Liberty Energy Inc. (LBRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Liberty Energy Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Liberty Energy Inc. (LBRT)
About Liberty Energy Inc.
Liberty Energy Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. In addition, the company owns operates two sand mines in the Permian Basin. As of December 31, 2021, it had a total of approximately 30 active frac fleets. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.75B | 4.15B | 2.47B | 965.79M | 1.99B | 2.16B | 1.49B | 374.77M | 455.40M |
| Cost of Revenue | 3.77B | 3.47B | 2.51B | 1.04B | 1.79B | 1.75B | 1.23B | 396.09M | 430.20M |
| Gross Profit | 977.04M | 677.16M | -41.90M | -72.28M | 203.79M | 401.27M | 261.37M | -21.32M | 25.21M |
| Gross Profit Ratio | 20.58% | 16.32% | -1.70% | -7.48% | 10.24% | 18.62% | 17.54% | -5.69% | 5.53% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 221.41M | 180.04M | 123.41M | 84.10M | 97.59M | 99.05M | 80.09M | 35.79M | 28.77M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 221.41M | 180.04M | 123.41M | 84.10M | 97.59M | 99.05M | 80.09M | 35.79M | 28.77M |
| Other Expenses | 0.00 | -76.19M | 19.04M | 878.63M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 216.47M | 180.04M | 123.41M | 84.10M | 97.59M | 99.05M | 80.09M | 35.79M | 28.77M |
| Cost & Expenses | 3.99B | 3.65B | 2.64B | 1.12B | 1.88B | 1.85B | 1.31B | 431.88M | 458.96M |
| Interest Income | 1.99M | 22.72M | 2.00K | 560.00K | 983.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 29.49M | 22.72M | 15.60M | 14.51M | 14.68M | 17.15M | 12.64M | 6.13M | 5.50M |
| Depreciation & Amortization | 421.51M | 326.76M | 266.58M | 183.75M | 168.57M | 125.11M | 81.47M | 41.36M | 36.44M |
| EBITDA | 1.19B | 748.99M | 100.57M | 3.32M | 274.97M | 427.96M | 262.61M | -13.07M | 32.88M |
| EBITDA Ratio | 24.98% | 10.14% | -5.92% | -16.19% | 5.34% | 14.02% | 12.17% | -4.20% | 7.22% |
| Operating Income | 760.58M | 97.91M | -181.22M | -177.03M | -59.18M | 306.56M | 181.14M | -54.43M | -3.56M |
| Operating Income Ratio | 16.02% | 2.36% | -7.33% | -18.33% | -2.97% | 14.22% | 12.16% | -14.52% | -0.78% |
| Total Other Income/Expenses | -25.69M | -96.38M | 3.44M | -14.51M | -14.68M | -17.15M | -12.64M | -6.13M | -5.50M |
| Income Before Tax | 734.89M | 399.51M | -177.79M | -191.53M | 88.92M | 289.42M | 168.50M | -60.56M | -9.06M |
| Income Before Tax Ratio | 15.48% | 9.63% | -7.20% | -19.83% | 4.47% | 13.43% | 11.31% | -16.16% | -1.99% |
| Income Tax Expense | 178.48M | -793.00K | 9.22M | -30.86M | 14.05M | 40.39M | -68.84M | 6.13M | 0.00 |
| Net Income | 556.32M | 399.60M | -187.00M | -160.67M | 74.86M | 126.35M | 168.50M | -60.56M | -9.06M |
| Net Income Ratio | 11.72% | 9.63% | -7.57% | -16.64% | 3.76% | 5.86% | 11.31% | -16.16% | -1.99% |
| EPS | 3.24 | 2.17 | -1.07 | -1.88 | 1.03 | 1.07 | 3.00 | -0.89 | -0.13 |
| EPS Diluted | 3.15 | 2.11 | -1.07 | -1.88 | 0.71 | 1.07 | 3.00 | -0.51 | -0.08 |
| Weighted Avg Shares Out | 171.85M | 184.33M | 174.02M | 85.24M | 72.33M | 117.84M | 68.98M | 67.79M | 67.79M |
| Weighted Avg Shares Out (Dil) | 176.36M | 189.35M | 174.02M | 85.24M | 105.26M | 117.84M | 68.98M | 118.20M | 118.20M |
Liberty Energy Inc. (LBRT) Q1 2024 Earnings Call Transcript
Liberty Energy Inc. (NYSE:LBRT ) Q1 2024 Earnings Call Transcript April 18, 2024 10:00 AM ET Company Participants Anjali Voria - Strategic Finance and Investor Relations Lead Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron...
Liberty Energy (LBRT) Q1 Earnings and Revenues Miss Estimates
Liberty Energy (LBRT) expects low double-digit sequential revenue growth in the second quarter, owing to stable pricing, increased efficiency and strong cash flow generation through 2024.
Liberty Oilfield Services (LBRT) Misses Q1 Earnings and Revenue Estimates
Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.90 per share a year ago.
Liberty Energy Inc. Announces First Quarter 2024 Financial and Operational Results
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT) (“Liberty” or the “Company”) announced today first quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.1 billion, flat sequentially Net income1 of $82 million, or $0.48 fully diluted earnings per...
Liberty Energy Announces Quarterly Cash Dividend
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on June 20, 2024, to...
What's in the Offing for Liberty Energy (LBRT) in Q1 Earnings?
Liberty Energy (LBRT) is likely to report lower revenues from the prior-year quarter's level due to a weak global macroeconomic environment. However, it is expected to record an improved bottom line due to cost cuts in the first quarter of...
Earnings Preview: Liberty Oilfield Services (LBRT) Q1 Earnings Expected to Decline
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.
Liberty Energy Inc. Announces Timing of Release of First Quarter 2024 Financial Results and Conference Call
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Wednesday, April 17, 2024. Following the release, the Company will host a...
Liberty (LBRT) Wins Litigation, Challenges SEC's Climate Rule
Liberty Energy (LBRT) wins an administrative stay against a litigation to challenge the SEC's Climate Rule, stating that it exceeded the SEC's authority.
Liberty Energy Inc. Comments on Stay of SEC Climate Rule and Need for Affordable, Reliable Energy to Better Human Lives
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) provided comments today on the decision by the United States Court of Appeals for the 5th Circuit granting an administrative stay of the Securities and Exchange Commission's rule titled “The...
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