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Liberty Energy Inc. - LBRT STOCK NEWS

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. (NYSE: LBRT) is a leading oilfield services company that excels in providing top-tier hydraulic fracturing services across North America. Established with a focus on safety, efficiency, and quality, Liberty Energy aims to optimize oil and gas production for its clients in major basins, including the Williston, DJ, Powder River, Permian, and Eagle Ford basins.

Liberty Energy's core business revolves around pressure pumping, a critical component of hydraulic fracturing operations. The company’s strategic acquisition of Schlumberger's OneStim business segment in 2020 significantly boosted its market position, making it one of the largest pressure pumpers in North America. This acquisition also expanded Liberty Energy’s capabilities by adding wireline operations, two Permian frac sand mines, and a suite of advanced technological solutions.

The company is dedicated to providing customized frac design and execution services, underpinned by real-time data to enhance field development strategies and maximize production efficiency for its clients. Liberty Energy's commitment to innovation and operational excellence has solidified its reputation as the preferred vendor for operators in key North American basins.

Recent achievements include the successful integration of OneStim's assets and technologies, which have enabled Liberty Energy to deliver improved performance and cost-efficiency in its operations. The company continues to explore new partnerships and technologies to stay at the forefront of the oilfield services industry.

Financially, Liberty Energy maintains a robust balance sheet with strategic investments in technology and infrastructure that drive sustainable growth. Its focus on high-quality service delivery and operational safety ensures consistent value creation for its stakeholders.

Through its unwavering commitment to excellence, innovation, and client satisfaction, Liberty Energy Inc. remains a significant player in the oilfield services sector, poised for continued growth and success.

News

Liberty Energy Inc. Announces First Quarter 2024 Financial and Operational Results

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Liberty Energy Inc. reported first quarter 2024 financial results with revenue of $1.1 billion, net income of $82 million, and adjusted EBITDA of $245 million. The company distributed $42 million to shareholders, repurchased 0.9% of shares, and achieved a 32% Adjusted Pre-Tax Return on Capital Employed. Liberty highlighted its focus on energy technology advancement and strong returns. The outlook remains positive with expectations of revenue growth, profitability improvement, and strong cash flow generation in 2024.
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Liberty Energy Announces Quarterly Cash Dividend

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Liberty Energy Inc. (NYSE: LBRT) has announced a quarterly cash dividend of $0.07 per share of Class A common stock, payable on June 20, 2024, to shareholders of record as of June 6, 2024. The Board of Directors will continue to evaluate future dividend declarations based on market conditions and capital availability.
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Liberty Energy Inc. Announces Timing of Release of First Quarter 2024 Financial Results and Conference Call

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Liberty Energy Inc. (LBRT) will release its Q1 2024 financial results on April 17, 2024, followed by a conference call on April 18, 2024. The call will feature CEO Chris Wright, President Ron Gusek, and CFO Michael Stock.
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Liberty Energy Inc. Comments on Stay of SEC Climate Rule and Need for Affordable, Reliable Energy to Better Human Lives

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Liberty Energy Inc. (NYSE: LBRT) challenges SEC's Climate Rule, citing increased costs and violation of First Amendment rights. The 5th Circuit grants an administrative stay in response to Liberty's petition. CEO emphasizes the need for affordable, reliable energy and constructive dialogues on national energy policy.
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Liberty Energy Inc. Releases 2024 Bettering Human Lives Report

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Liberty Energy Inc. (NYSE: LBRT) has released the 2024 Bettering Human Lives report, emphasizing the crucial role of energy in society. The report highlights the impact of energy on living standards, job opportunities, national security, and environmental quality. It also discusses the company's efforts to improve energy access in Africa through the Bettering Human Lives Foundation. Key takeaways include the importance of hydrocarbons in powering the modern world and the potential impact of nuclear energy. The report advocates for Zero Energy Poverty by 2050 as a superior goal compared to Net Zero emissions by 2050.
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Liberty Energy Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results and Increase in Existing Share Repurchase Authorization to $750 Million

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Liberty Energy Inc. (NYSE: LBRT) announced full year and fourth quarter 2023 financial and operational results, including revenue of $4.7 billion, net income of $556 million, and adjusted EBITDA of $1.2 billion for the year. The company repurchased and retired 1.2% of shares outstanding and increased quarterly cash dividend by 40%. Liberty also achieved 40% Adjusted Pre-Tax ROCE and 34% CROCI for the year. The company announced partnership with Tamboran to develop the new Beetaloo shale gas basin in Australia and launched Bettering Human Lives Foundation. Liberty's CEO, Chris Wright, expressed confidence in the company's diversified and innovative business and its ability to generate strong future cash flow.
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Liberty Energy Increases Share Repurchase Authorization to $750 Million and Announces Quarterly Cash Dividend

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Liberty Energy Inc. (NYSE: LBRT) has increased its share repurchase authorization to $750 million, a $250 million increase from the previously authorized amount. The Board has also extended the authorization through July 31, 2026. The Company has repurchased and retired 21,891,512 shares of Class A common stock, representing 11.7% of outstanding shares, for approximately $328 million. The Board has declared a quarterly dividend of $0.07 per share of Class A common stock, to be paid on March 20, 2024. The company's CEO emphasized the commitment to drive strong total return to shareholders and significant future cash generating abilities of the business.
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Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2023 Financial Results and Conference Call

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Liberty Energy Inc. (NYSE: LBRT) will release its financial results for the fourth quarter and full year ending December 31, 2023, after the market closes on Wednesday, January 24, 2024. The Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 25, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer.
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Liberty Energy Launches Bettering Human Lives Foundation to Advance Clean Cooking Solutions

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Liberty Energy (NYSE: LBRT) announces the establishment of the Bettering Human Lives Foundation, a non-profit organization dedicated to promoting clean cooking solutions and improving the well-being of communities worldwide. The foundation aims to alleviate poverty by increasing access to clean cooking fuels, supporting innovators and entrepreneurs in Africa and Asia, and empowering communities through modern, clean energy. Liberty Energy has made an initial commitment of $1 million to the foundation.
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Liberty Energy Inc. Announces Third Quarter 2023 Financial and Operational Results and Raises Quarterly Dividend by 40%

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Liberty Energy Inc. announces Q3 2023 financial and operational results, including revenue of $1.2 billion and net income of $149 million. The company achieved a 2% increase in revenue and a 1% increase in net income compared to the prior year. They also began commercial deployment of digiPrime hybrid pumps and increased their quarterly cash dividend by 40%.
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FAQ

What is the current stock price of Liberty Energy (LBRT)?

The current stock price of Liberty Energy (LBRT) is $18.69 as of December 28, 2024.

What is the market cap of Liberty Energy (LBRT)?

The market cap of Liberty Energy (LBRT) is approximately 3.1B.

What services does Liberty Energy Inc. provide?

Liberty Energy Inc. specializes in hydraulic fracturing services, primarily pressure pumping, to optimize oil and gas production in North America.

Which basins does Liberty Energy operate in?

Liberty Energy operates in the Williston, DJ, Powder River, Permian, and Eagle Ford basins.

What was the significance of the OneStim acquisition?

The acquisition of Schlumberger's OneStim segment in 2020 made Liberty Energy one of North America's largest pressure pumpers and expanded its capabilities with new technologies and assets.

What are Liberty Energy's recent achievements?

Recent achievements include the successful integration of OneStim’s assets, enabling improved operational performance and cost-efficiency.

What is Liberty Energy's approach to frac design?

Liberty Energy focuses on real-data-driven frac design and execution to enhance field development strategies and maximize production efficiency.

How does Liberty Energy ensure safety in its operations?

Liberty Energy prioritizes safety by adhering to stringent safety standards and continually assessing and improving its operational practices.

What is Liberty Energy's financial condition?

Liberty Energy maintains a strong financial position with strategic investments in technology and infrastructure, supporting sustainable growth.

Who are Liberty Energy's clients?

Liberty Energy's clients include major oil and gas operators in North America looking to optimize their production through advanced hydraulic fracturing services.

What technologies does Liberty Energy use?

Liberty Energy employs advanced hydraulic fracturing technologies and real-time data analysis to enhance operational efficiency and production outcomes.

What future plans does Liberty Energy have?

Liberty Energy plans to continue leveraging new partnerships and technologies to maintain its leading position in the oilfield services industry and drive further growth.
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Liberty Energy Inc.

NYSE:LBRT

LBRT Rankings

#1655 Ranked by Market Cap
#1518 Ranked by Dividends

LBRT Stock Data

3.05B
158.17M
3.21%
108.99%
9.06%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States of America
DENVER