Liberty Energy Posts $0.24 Per-Share Loss in Third Quarter
LBRT sits 15% above its 52-week low of $14.761.
Summary
Liberty Energy reported a third-quarter loss of $0.24 per share on revenue of $1.2B, a swing into the red after Q2 net income of $43M on $1.19B in revenue, with a net loss of $39M. Adjusted EPS came in at USD 0.06 versus an IBES estimate of USD 0.09. The loss lands as the company is carrying heavy capital commitments, including $1.9B in power generation equipment obligations funded with $1.295B in financing and a $493.2M equipment supply contract with NES-WES disclosed in September.
At the time of this announcement, LBRT was trading at $17.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $14.76 to $34.48. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.