Liberty Energy Inc Stock Price, News & Analysis

Liberty Oilfield Services (NYSE: LBRT) reported first quarter 2021 results, revealing revenue of $552 million and a net loss of $39 million, or $0.21 loss per share. This marks a 114% increase in revenue compared to Q4 2020. Adjusted EBITDA reached $32 million, up 345% from the previous quarter. The company successfully completed the integration of the OneStim® acquisition and expects strong future demand in the energy sector, driven by economic recovery and improved oil prices. Liberty maintains a total liquidity of $258 million as of March 31, 2021.

Liberty Oilfield Services (NYSE: LBRT) will announce its Q1 2021 financial results on April 27, 2021, after market close. A conference call is scheduled for April 28, 2021, at 8:00 AM MT (10:00 AM ET), featuring CEO Chris Wright, President Ron Gusek, and CFO Michael Stock discussing the results. Participants can dial (833) 255-2827 or (412) 902-6704 for international calls. A live webcast will be available at investors.libertyfrac.com.

Liberty Oilfield Services announced a public offering of 8,700,000 shares of Class A common stock at $11.45 per share, solely by the Selling Stockholders, R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. Liberty will not sell shares or receive proceeds. An additional 1,305,000 shares may be purchased by the underwriter, Morgan Stanley, within 30 days. The offering complies with SEC registration. Liberty is a leading North American oilfield services firm focused on innovative completion services and technologies.

Liberty Oilfield Services (NYSE: LBRT) announced an underwritten public offering of 8,700,000 shares of Class A common stock by Selling Stockholders, which include R/C Energy IV Direct Partnership and R/C IV Liberty Holdings. Liberty will not sell any shares or receive proceeds from this offering. The underwriter, Morgan Stanley, has a 30-day option to purchase an additional 1,305,000 shares. The offering is conducted under an effective shelf registration statement with the SEC.

Liberty Oilfield Services (NYSE: LBRT) reported its fourth quarter and full year 2020 results, revealing a significant revenue drop of 51% year-over-year to $966 million, with a net loss of $161 million, or $1.36 per share. Despite a quarterly revenue increase of 75% from Q3 to $258 million, the company still faced losses of $48 million. Adjusted EBITDA was $58 million for the year and $7 million for Q4. Liberty completed the acquisition of OneStim® on December 31, enhancing its operational capacity. The company anticipates maintaining 30 frac fleets in Q1 2021, aiming for gradual price improvements amidst challenging market conditions.

Liberty Oilfield Services (NYSE: LBRT) will announce its Q4 and full-year 2020 financial results on February 4, 2021, post-market close. A conference call is scheduled for February 5, 2021, at 8:00 AM MT (10:00 AM ET) to discuss the results, featuring CEO Chris Wright, President Ron Gusek, and CFO Michael Stock. Interested participants can join the call by dialing (833) 255-2827 or (412) 902-6704 for international calls. A live webcast will be available, and a replay will be accessible until February 12, 2021.

EnerCom and Colorado School of Mines will host The Energy Venture Investment Summit on February 10-11, 2021, virtually due to the pandemic. This summit will focus on energy innovations with participation from over 25,000 energy professionals and investors. Keynote speakers include Chris Wright, CEO of Liberty Oilfield Services, and a venture capital panel discussing investment opportunities in the energy sector. Presenters will have the chance for live webcasts and one-on-one meetings. Registration is free for attendees.

Liberty Oilfield Services (NYSE: LBRT) and Schlumberger (NYSE: SLB) have completed the transfer of Schlumberger’s onshore hydraulic fracturing business, OneStim®, to Liberty as of December 31, 2020. This strategic move grants Liberty a 37% equity interest in the company, enhancing its position in North America’s completion services market. The deal aims to foster innovation and sustainability in energy production. Additionally, Liberty has appointed two Schlumberger executives to its board, emphasizing a focus on technology collaboration.

Liberty Oilfield Services reported a 67% revenue increase in Q3 2020, reaching $147 million, from Q2's $88 million. The company faced a net loss of $49 million or $0.41 loss per share, but saw an Adjusted EBITDA of $(3) million. Liberty aims for over 20% growth in average active frac fleets in Q4 2020 and plans to acquire OneStim®, enhancing its service capacity. Total liquidity is $154 million, with no ABL borrowings. The CEO expressed optimism for the future, highlighting technological strengths and opportunities arising from the acquisition.