earnings
confidence high
sentiment neutral
materiality 0.80
Liberty oilfield Q3 revenue $654M, net loss $39M; acquires PropX for ~$90M
Liberty Energy Inc.
2021-Q3 EPS reported
-$0.72
revenue$1,787,047,000
- Revenue $654M (+12% QoQ); net loss $39M ($0.22 diluted EPS loss); Adj. EBITDA $32M.
- Acquired PropX for ~$90M ($13.5M cash + 5.8M shares valued at $76.5M).
- Amended ABL facility to $350M aggregate commitment, maturity extended to Oct 2026.
- Executed multi-year digiFrac electric fleet deployment agreements starting 2022.
- Cites supply chain and logistics headwinds; expects stronger pricing into early 2022.