Welcome to our dedicated page for Liberty Energy news (Ticker: LBRT), a resource for investors and traders seeking the latest updates and insights on Liberty Energy stock.
Liberty Energy Inc. (LBRT) delivers innovative hydraulic fracturing and integrated energy services to North American oil and gas operators. This page provides a centralized source for all official company announcements, press releases, and market-moving developments.
Investors and industry professionals will find timely updates on earnings reports, operational milestones, technology advancements, and strategic partnerships. Our curated feed ensures access to essential information, including updates on wireline services, field gas processing innovations, and sustainability initiatives.
Key content categories include quarterly financial results, equipment fleet expansions, data analytics applications, and regulatory developments. Bookmark this page to monitor how LBRT's technology-driven approach continues shaping efficient energy solutions across major U.S. and Canadian basins.
Liberty Energy Inc. (NYSE: LBRT) reported strong Q2 2024 financial results, with revenue of $1.2 billion (8% sequential increase) and net income of $108 million ($0.64 EPS). Adjusted EBITDA reached $273 million, up 12% sequentially. The company achieved a 28% TTM Adjusted Pre-Tax ROCE and distributed $41 million to shareholders through share repurchases and dividends.
Liberty demonstrated record pumping efficiencies and safety performance, while increasing natural gas utilization in its operations. The company deployed its AI-powered Sentinel logistics platform, reducing proppant delivery downtime by 90% and decreasing truck count and delivery time by 35% each.
Despite industry-wide moderation in completions activity, Liberty expects its financial performance in H2 2024 to be similar to H1. The company remains committed to investing in its portfolio, generating free cash flow, and returning capital to shareholders.
Liberty Energy (NYSE: LBRT) has announced a quarterly cash dividend of $0.07 per share of Class A common stock. The dividend will be paid on September 20, 2024, to shareholders of record as of September 6, 2024. This decision demonstrates the company's commitment to returning value to shareholders. However, it's important to note that future dividend declarations are subject to Board approval and may be adjusted based on market conditions and capital availability. The Board will continue to assess whether dividend declarations are in the best interests of Liberty and its stockholders.
Liberty Energy has announced that it will release its Q2 2024 financial results after market close on July 17, 2024. The company will follow up with a conference call on July 18, 2024, at 8:00 a.m. MT (10:00 a.m. ET) to discuss the results. The call will feature CEO Chris Wright, President Ron Gusek, and CFO Michael Stock. U.S. participants can dial (833) 255-2827, while international callers can use (412) 902-6704 to join the call. A live webcast will be available on the company's investor website and can be accessed for 90 days post-call. A telephone replay will also be available until July 25, 2024, using passcode 3223898.
Oklo Inc. starts trading on the New York Stock Exchange with the ticker symbol 'OKLO' after completing a merger with AltC Acquisition Corp. The company received $306 million in gross transaction proceeds to support its business plan of providing clean, reliable, affordable energy to various markets. Oklo's newly appointed board of directors comprises industry leaders with Sam Altman as chairman. The company aims to drive growth through strategic partnerships and its unique owner-operator model.
AltC Acquisition Corp. stockholders approved a business combination with Oklo, a clean power technology company, resulting in over $306 million of gross proceeds for Oklo. The business combination is expected to close on May 9, 2024. Sam Altman will serve as the chairman of the newly appointed board of directors for Oklo.
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