Liberty Energy Inc Stock Price, News & Analysis

Liberty Oilfield Services (NYSE: LBRT) announced the hosting of Dr. Steven Koonin, a climate science expert, at their Investor Day in Denver on June 17, 2021. CEO Chris Wright will moderate Dr. Koonin's discussion focusing on climate change's impact on energy access and its disproportionate effects on vulnerable populations. The event aims to contextualize global energy challenges, including energy poverty and the role of the oil and gas industry in delivering cleaner, more affordable energy. Liberty emphasizes its commitment to sustainable energy development.

Liberty Oilfield Services (NYSE: LBRT) has launched FracSense™, a diagnostic service developed in partnership with OptaSense, a subsidiary of Luna Innovations. This innovative service leverages real-time fiber optic measurements to enhance hydraulic fracture completions by providing accurate diagnostic data. FracSense offers insights on fracture azimuth, stage spacing, and cluster efficiency, enabling operators to optimize their completion designs effectively. CEO Chris Wright emphasizes this service as a vital addition to Liberty’s suite of fracture optimization technologies, aimed at maximizing resource recovery for customers.

Liberty Oilfield Services (NYSE: LBRT) announced its Investor Day scheduled for June 17, 2021, in Denver, Colorado. The event will showcase macro trends in the energy sector, technology innovations, and Liberty’s ESG initiatives. A highlight is the transformative acquisition of Schlumberger’s North American frac business, enhancing operational efficiency. Attendees will experience interactive presentations and site tours, featuring insights from Liberty’s leadership team. The event aims to highlight Liberty's commitment to sustainable practices and superior shareholder returns.

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.