Liberty Energy Inc Stock Price, News & Analysis

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.

Liberty Energy Inc. (NYSE: LBRT) will release its third-quarter financial results for the period ending September 30, 2022 on October 19, 2022, after market close. A conference call is scheduled for October 20, 2022, at 8:00 a.m. MT to discuss the results, featuring CEO Chris Wright, President Ron Gusek, and CFO Michael Stock.

Participants can join the call by dialing (833) 255-2827 or access a live webcast at investors.libertyfrac.com. Replay options will be available post-call until October 27, 2022.

Liberty Energy (NYSE: LBRT) has announced an investment in Natron Energy, a leader in sodium-ion battery manufacturing. This partnership aims to leverage sodium-ion technology to enhance the performance of Liberty's digiFrac electric frac pumps, promoting reduced emissions and improved power backup solutions. Natron plans to accelerate its production capabilities with this funding, highlighting the advantages of its unique battery technology, including higher power density and safety characteristics. This collaboration is focused on advancing environmental and economic goals in energy production.

Liberty Energy Inc. (NYSE: LBRT) has released its second annual Bettering Human Lives report, emphasizing the role of energy in modern society and presenting its ESG 2021 data. The report highlights the importance of oil and gas in alleviating poverty and its geopolitical significance. Liberty aims to enhance sustainability through innovative solutions while underscoring the necessity of energy for societal progress. CEO Chris Wright stated, "Energy realism is a precondition for humanism," reflecting on the essential role the energy sector plays.

Liberty Energy Inc. (NYSE: LBRT) reported strong second-quarter 2022 results, with revenue of $943 million, a 19% sequential increase and 62% year-over-year growth. Net income reached $105 million ($0.55 EPS), and Adjusted EBITDA rose to $196 million. The company reinstated a $250 million share repurchase program and announced partnerships to deploy additional electric frac fleets. Liberty also invested $10 million in Fervo Energy to support geothermal technology. The firm aims to manage cash flow while navigating supply chain challenges and the current economic landscape.

Liberty Energy Inc. (NYSE: LBRT) will disclose its financial results for the second quarter ending June 30, 2022, after market close on July 25, 2022. A conference call is scheduled for 8:00 a.m. MT (10:00 a.m. ET) on July 26, 2022 to discuss the results. Key executives, including CEO Chris Wright and CFO Michael Stock, will present. Participants can join the call via phone or through a live webcast, accessible for 90 days post-call.

Liberty Energy has partnered with Seismos to enhance real-time quality control in stimulation performance for E&P operators. The collaboration will utilize the Seismos-MWF™ system, which employs active controlled acoustics to analyze wellbore fracture networks. This system benchmarks each stimulated stage against a database of over 15,000 measurements, improving fracture designs and well performance. Liberty aims to optimize completions and ensure cost-effective measurements of stimulation quality, furthering its reputation for innovative solutions in the energy sector.

Liberty Energy Inc. (NYSE: LBRT) announced the pricing of a public secondary offering of 14,500,000 shares of its Class A common stock by Schlumberger Technology Corporation. The offering will close on May 3, 2022, subject to customary conditions. Liberty will not sell any shares or receive proceeds from the offering. BofA Securities and J.P. Morgan are the joint bookrunning managers for this offering, which is conducted under an effective shelf registration statement with the SEC. Investors are encouraged to read the related documents before investing.