Liberty Energy Inc
LBRT
ISIN US53115L1044 / Valor 35755089
Liberty Energy Inc
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About company
Liberty Energy Inc. is a prominent service provider in the North American energy sector, known for its innovative solutions across various aspects of hydraulic fracturing and energy production. The company's PropX division specializes in patented containerized solutions and software for efficient, safe, and cost-effective last-mile proppant storage and delivery for hydraulic fracturing operations. This includes pioneering technology for damp sand handling and modular proximity mines, aimed at reducing costs and environmental impact. Liberty Power Innovations (LPI), another division of Liberty, focuses on alternative fuel and distributed power solutions, facilitating the industry's transition from diesel to natural gas. LPI offers services such as compressed natural gas supply, field gas processing, and mobile electricity generation with its 2.5MW digiPower gensets. Additionally, Liberty's manufacturing division, LAET, is at the forefront of designing and building advanced equipment for hydraulic fracturing, wireline, and sand logistics, including the revolutionary digiFrac electric fleets and hybrid natural gas digiPrime fleets. Liberty Energy Inc. distinguishes itself through technology leadership, a commitment to safety and efficiency, and a culture that prioritizes low employee turnover.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (07.08.2024):
Revenue Growth
Liberty Energy Inc. reported revenue of $1.2 billion for the second quarter of 2024, marking an 8% sequential increase from the first quarter of 2024. This growth highlights the company's ability to enhance its financial performance despite a modest softening in industry drilling and completions activity.
Net Income
For the second quarter of 2024, Liberty Energy Inc. achieved a net income of $108 million, translating to $0.64 fully diluted earnings per share (EPS). This represents a significant improvement from the first quarter of 2024, where the net income was $82 million.
Adjusted EBITDA
Liberty Energy Inc. reported an adjusted EBITDA of $273 million for the second quarter of 2024, reflecting a 12% sequential increase. This robust performance underscores the company's operational efficiencies and strategic initiatives.
Shareholder Returns
During the second quarter of 2024, Liberty Energy Inc. distributed $41 million to shareholders through share repurchases and cash dividends. The company repurchased and retired 0.8% of its shares outstanding, continuing its commitment to returning capital to shareholders.
Dividend Declaration
Liberty Energy Inc. declared a quarterly cash dividend of $0.07 per share of Class A common stock, to be paid on September 20, 2024, to holders of record as of September 6, 2024. This consistent dividend payout reflects the company's strong financial health and commitment to shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3064 M
Market cap (USD)
236,840
Daily traded volume (Shares)
18.75 / 18.24
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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