Liberty Energy Inc Stock Price, News & Analysis

Liberty Energy Inc. (NYSE: LBRT) has declared a dividend of $0.05 per share of Class A common stock, scheduled for payment on June 20, 2023, to shareholders of record as of June 6, 2023. The decision for future dividends will depend on the Board of Directors' approval and their assessment of market conditions and capital availability. Liberty is known for its innovative energy services in North America, focusing on sustainable development in the oil and natural gas sector since its founding in 2011. The company is headquartered in Denver, Colorado.

Liberty has launched Liberty Power Innovations (LPI), focusing on alternative fuel and power solutions, primarily compressed natural gas (CNG). LPI aims to improve well site operations through reliable fuel supply amid a shift from diesel to clean-burning natural gas. To support this, Liberty has acquired Siren Energy for $78 million, boosting its natural gas compression capacity and logistics services in the Permian Basin. This acquisition is expected to accelerate LPI's growth and provide cost benefits for exploration and production customers. CEO Chris Wright emphasized the importance of this vertical integration strategy, enhancing Liberty's competitive edge and profitability in the evolving energy sector.

Liberty Energy Inc. (NYSE: LBRT) announced its financial results for Q1 2023 will be released after market close on April 19, 2023. A conference call is scheduled for April 20, 2023, at 8:00 a.m. MT (10:00 a.m. ET) for discussing these results. The call will feature CEO Chris Wright, President Ron Gusek, and CFO Michael Stock. Those wishing to participate can dial (833) 255-2827 or access a live webcast at investors.libertyfrac.com. A replay will be available until April 27, 2023.

Liberty Energy Inc. (NYSE: LBRT) reported robust financial results for 2022, achieving revenue of $4.1 billion, a 68% increase from 2021, and net income of $400 million, or $2.11 per share. The fourth quarter also showed growth with revenue of $1.2 billion and net income of $153 million.

Liberty initiated the deployment of digiFrac pumps and returned $134 million to shareholders through repurchases and dividends. The share repurchase authorization was increased to $500 million. The company anticipates strong future demand for its services, particularly in oil, despite potential risks from a recession and fluctuating gas prices.

Liberty Energy Inc. (NYSE: LBRT) has announced an increase in its share repurchase authorization by $250 million, raising the total to $500 million. Since the program's inception, the company has repurchased 8,185,890 shares, equating to 4.4% of its outstanding shares, at a cost of approximately $125 million. With this expansion, Liberty has about $375 million available for repurchases until July 31, 2024. Additionally, a dividend of $0.05 per share will be distributed on March 20, 2023. The company emphasizes its commitment to delivering capital returns while maintaining strong future cash generation capabilities.

Liberty Energy Inc. (NYSE: LBRT) is set to release its financial results for Q4 and the full year ending December 31, 2022 after market close on January 25, 2023. A conference call to discuss these results will occur at 8:00 a.m. MT on January 26, 2023, featuring CEO Chris Wright and CFO Michael Stock. Interested participants can join by dialling (833) 255-2827 or via a live webcast.

Liberty Energy Inc. (NYSE: LBRT) reported robust third quarter 2022 results with revenue reaching $1.2 billion, up 26% sequentially and 82% year-over-year. Net income was $147 million, yielding $0.78 per share. Adjusted EBITDA rose to $277 million, a 41% increase sequentially. The company reinstated a quarterly dividend of $0.05 per share and repurchased 2.5% of its shares. Despite potential economic headwinds, Liberty's operational effectiveness and market positioning remain strong, setting a positive outlook for 2023.

Liberty Energy Inc. (NYSE: LBRT) has announced the reinstatement of a quarterly cash dividend of $0.05 per share, payable on December 20, 2022 to shareholders of record as of December 6, 2022. Additionally, a similar dividend will be paid for holders of units in Liberty Oilfield Services New HoldCo LLC. The Board had previously authorized a $250 million share repurchase program, under which 4,702,166 shares were repurchased for about $70 million as of September 30, 2022. This reflects the company’s confidence in delivering shareholder value and a sustainable capital return strategy.