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Liberty Energy Inc - LBRT STOCK NEWS

Welcome to our dedicated news page for Liberty Energy (Ticker: LBRT), a resource for investors and traders seeking the latest updates and insights on Liberty Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Liberty Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Liberty Energy's position in the market.

Rhea-AI Summary
Liberty Energy Inc. reported first quarter 2024 financial results with revenue of $1.1 billion, net income of $82 million, and adjusted EBITDA of $245 million. The company distributed $42 million to shareholders, repurchased 0.9% of shares, and achieved a 32% Adjusted Pre-Tax Return on Capital Employed. Liberty highlighted its focus on energy technology advancement and strong returns. The outlook remains positive with expectations of revenue growth, profitability improvement, and strong cash flow generation in 2024.
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Liberty Energy Inc. (NYSE: LBRT) has announced a quarterly cash dividend of $0.07 per share of Class A common stock, payable on June 20, 2024, to shareholders of record as of June 6, 2024. The Board of Directors will continue to evaluate future dividend declarations based on market conditions and capital availability.
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Liberty Energy Inc. (LBRT) will release its Q1 2024 financial results on April 17, 2024, followed by a conference call on April 18, 2024. The call will feature CEO Chris Wright, President Ron Gusek, and CFO Michael Stock.
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Rhea-AI Sentiment
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1.87%
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Liberty Energy Inc. (NYSE: LBRT) challenges SEC's Climate Rule, citing increased costs and violation of First Amendment rights. The 5th Circuit grants an administrative stay in response to Liberty's petition. CEO emphasizes the need for affordable, reliable energy and constructive dialogues on national energy policy.
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Liberty Energy Inc. (NYSE: LBRT) has released the 2024 Bettering Human Lives report, emphasizing the crucial role of energy in society. The report highlights the impact of energy on living standards, job opportunities, national security, and environmental quality. It also discusses the company's efforts to improve energy access in Africa through the Bettering Human Lives Foundation. Key takeaways include the importance of hydrocarbons in powering the modern world and the potential impact of nuclear energy. The report advocates for Zero Energy Poverty by 2050 as a superior goal compared to Net Zero emissions by 2050.
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1.05%
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Rhea-AI Summary
Liberty Energy Inc. (NYSE: LBRT) announced full year and fourth quarter 2023 financial and operational results, including revenue of $4.7 billion, net income of $556 million, and adjusted EBITDA of $1.2 billion for the year. The company repurchased and retired 1.2% of shares outstanding and increased quarterly cash dividend by 40%. Liberty also achieved 40% Adjusted Pre-Tax ROCE and 34% CROCI for the year. The company announced partnership with Tamboran to develop the new Beetaloo shale gas basin in Australia and launched Bettering Human Lives Foundation. Liberty's CEO, Chris Wright, expressed confidence in the company's diversified and innovative business and its ability to generate strong future cash flow.
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6.42%
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buyback earnings
Rhea-AI Summary
Liberty Energy Inc. (NYSE: LBRT) has increased its share repurchase authorization to $750 million, a $250 million increase from the previously authorized amount. The Board has also extended the authorization through July 31, 2026. The Company has repurchased and retired 21,891,512 shares of Class A common stock, representing 11.7% of outstanding shares, for approximately $328 million. The Board has declared a quarterly dividend of $0.07 per share of Class A common stock, to be paid on March 20, 2024. The company's CEO emphasized the commitment to drive strong total return to shareholders and significant future cash generating abilities of the business.
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4.43%
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Liberty Energy Inc. (NYSE: LBRT) will release its financial results for the fourth quarter and full year ending December 31, 2023, after the market closes on Wednesday, January 24, 2024. The Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 25, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer.
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Rhea-AI Summary
Liberty Energy (NYSE: LBRT) announces the establishment of the Bettering Human Lives Foundation, a non-profit organization dedicated to promoting clean cooking solutions and improving the well-being of communities worldwide. The foundation aims to alleviate poverty by increasing access to clean cooking fuels, supporting innovators and entrepreneurs in Africa and Asia, and empowering communities through modern, clean energy. Liberty Energy has made an initial commitment of $1 million to the foundation.
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1.98%
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Liberty Energy Inc. announces Q3 2023 financial and operational results, including revenue of $1.2 billion and net income of $149 million. The company achieved a 2% increase in revenue and a 1% increase in net income compared to the prior year. They also began commercial deployment of digiPrime hybrid pumps and increased their quarterly cash dividend by 40%.
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Rhea-AI Sentiment
End-of-Day
6.89%
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dividends earnings
Liberty Energy Inc

NYSE:LBRT

LBRT Rankings

LBRT Stock Data

3.73B
151.73M
9.15%
100.17%
11.98%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Denver

About LBRT

liberty oilfield services llc (los) is an innovative oilfield service company providing specialized stimulation services to optimize production. we focus on offering safe, efficient and high-quality hydraulic fracturing services, aiming to become the vendor of choice for operators in the williston, dj, powder river, permian and eagle ford basins. our goal is to provide frac design and execution with a real-data focus to optimize field development and improve production enhancement strategies for our clients.