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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.
Liberty Oilfield Services (NYSE: LBRT) has announced its participation in several upcoming investor conferences. The company will be at the Coker & Palmer Energy Bus Tour on September 2, ATB Capital Markets Canadian Energy Excellence Virtual Conference on September 7, and Barclays’ Energy-Power Conference on September 9 and 10. Webcast presentations and slide copies will be available on the Liberty website for 60 days post-meeting. Liberty is renowned for its innovative completion services for oil and natural gas production, headquartered in Denver, Colorado.
Liberty Oilfield Services (NYSE: LBRT) has partnered with Rolls-Royce to utilize mtu gas generator sets for its innovative digiFrac electric frac pumps. This technology aims to enhance power density by 40% and reduce emissions by at least 25% compared to conventional systems. Liberty's CEO emphasized the importance of this collaboration for achieving ESG goals and improving operational efficiency. The mtu gensets will provide continuous power suitable for intense applications. The first systems are expected to be operational in 2022.
Liberty Oilfield Services (NYSE: LBRT) announced investor meetings at key conferences including Enercom's The Oil & Gas Conference on August 16-17, Bank of America's Fall Energy Summit on August 24, and Seaport's 10th Annual Summer Investment Conference on August 24-25. A webcast presentation and accompanying slides will be available on Liberty's website. Founded in 2011, Liberty specializes in innovative completion services and technologies for oil and natural gas exploration, focusing on sustainable development in partnership with its customers.
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.
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