earnings
confidence high
sentiment positive
materiality 0.75
Liberty Energy Q3 revenue $1.2B, net income $147M; reinstates dividend, $70M buyback
Liberty Energy Inc.
2022-Q3 EPS reported
$1.30
revenue$2,923,636,000
- Revenue of $1.2B increased 26% sequentially and 82% YoY; net income was $147M ($0.78 diluted EPS).
- Adjusted EBITDA of $277M, up 41% from Q2 2022 and 765% from Q3 2021.
- Reinstated quarterly cash dividend of $0.05 per share, payable Dec 20, 2022 to holders of record Dec 6.
- Repurchased 4.7M shares for $70M (avg $14.89), 2.5% of outstanding; $180M remaining under buyback.
- Invested in Natron Energy for sodium-ion batteries to support digiFrac fleets.