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. (LBRT) delivers innovative hydraulic fracturing and integrated energy services to North American oil and gas operators. This page provides a centralized source for all official company announcements, press releases, and market-moving developments.
Investors and industry professionals will find timely updates on earnings reports, operational milestones, technology advancements, and strategic partnerships. Our curated feed ensures access to essential information, including updates on wireline services, field gas processing innovations, and sustainability initiatives.
Key content categories include quarterly financial results, equipment fleet expansions, data analytics applications, and regulatory developments. Bookmark this page to monitor how LBRT's technology-driven approach continues shaping efficient energy solutions across major U.S. and Canadian basins.
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.
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.
