Liberty Energy Inc Stock Price, News & Analysis

Liberty Oilfield Services (LBRT) reported second quarter 2021 results with revenue of $581 million, a 5% increase from the previous quarter. However, the company incurred a net loss of $52 million, resulting in a loss per share of $0.29. Adjusted EBITDA rose to $37 million, despite an $8 million increase in personnel costs due to the restoration of variable compensation. The company emphasized the successful test of its digiFrac™ pump and ongoing integration of the OneStim acquisition. Liberty anticipates increased demand for completion services despite supply chain challenges.

Liberty Oilfield Services (NYSE: LBRT) will release its Q2 2021 financial results on July 27, 2021, after market close. A conference call is scheduled for July 28, 2021, at 8:00 AM MT (10:00 AM ET) featuring CEO Chris Wright, President Ron Gusek, and CFO Michael Stock. Participants can dial (833) 255-2827 or access the live webcast at investors.libertyfrac.com. The replay will be available until August 4, 2021.

Liberty Oilfield Services announced the successful completion of field testing for its digiFrac electric pump, the industry's first fully integrated electric frac pump with high power density and lower emissions. Conducted on a three well pad in the Delaware Basin, the testing confirmed the pump's operational capacity and precision control. Developed over three years, digiFrac is designed to integrate seamlessly with existing electric systems, representing a significant step in ESG technologies. CEO Chris Wright highlighted its potential to enhance operational efficiency and reduce emissions.

Liberty Oilfield Services (NYSE: LBRT) has appointed Audrey Robertson to its Board of Directors following the resignation of Brett Staffieri, who stepped down after Riverstone Holdings divested its equity investment in the company. Audrey brings substantial expertise in finance and governance, particularly in the energy sector, enhancing the Board’s capabilities. Chris Wright, Chairman and CEO, expressed appreciation for Brett's contributions since Liberty's inception. Robertson co-founded Franklin Mountain Energy and has significant experience in private equity and investment banking.

Liberty Oilfield Services announced a public offering of 12,299,996 Class A shares at $15.60 each, fully exiting its investment by Riverstone. Liberty will not benefit from this offering, as it does not sell any shares nor receive proceeds. Morgan Stanley is the underwriter for the offering, which follows an effective shelf registration. The offering is detailed in a prospectus supplement available from Morgan Stanley's Prospectus Department. Liberty, founded in 2011, is a leading oilfield services firm focused on innovative completion technologies for energy resources.

Liberty Oilfield Services announced a public offering of 12,299,996 shares of its Class A common stock by Riverstone. This transaction will fully exit Riverstone's investment in Liberty, which will not participate in the sale or receive any proceeds. Morgan Stanley is the underwriter for this offering. The offering is conducted under an effective shelf registration statement with the SEC. Liberty, headquartered in Denver, is recognized for its innovative oilfield services.

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.