Liberty Energy posts record FY2022 earnings, revenue $4.1B, net income $400M, expands buyback to $500M

Liberty Energy Inc.

2022-FY EPS reported $2.11 revenue$4,149,228,000

Full-year 2022 revenue $4.1B (+68% YoY), net income $400M vs loss of $187M in 2021, diluted EPS $2.11.
Q4 2022 revenue $1.2B (+3% QoQ), net income $153M ($0.82 EPS), Adj EBITDA $295M (+7% QoQ).
Board increased share repurchase authorization to $500M, with $375M remaining; repurchased 4.4% of shares at avg $15.29 in H2 2022.
Declared Q1 2023 cash dividend of $0.05/share, payable March 20, 2023 to holders of record March 6.
Amended ABL facility, increased commitments by $100M to $525M; retired $105M term loan due 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Liberty Energy Inc. reported full year ended December 31, 2022 results: revenue $4.1 billion, net income $400 million, EPS $2.11 fully diluted earnings per share.

Period: full year ended December 31, 2022
Revenue: $4.1 billion
Net income: $400 million
EPS: $2.11 fully diluted earnings per share
Result: reported results

Exact text from the filing

Revenue of $4.1 billion, a 68% increase over the prior year, and net income 1 of $400 million, or $2.11 fully diluted earnings per share, for the year ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Liberty Energy Inc. reported quarter ended December 31, 2022 results: revenue $1.2 billion, net income $153 million, EPS $0.82 fully diluted earnings per share.

Period: quarter ended December 31, 2022
Revenue: $1.2 billion
Net income: $153 million
EPS: $0.82 fully diluted earnings per share
Result: reported results

Exact text from the filing

Fourth quarter revenue of $1.2 billion, a 3% sequential increase, and net income 1 of $153 million, or $0.82 fully diluted earnings per share, for the quarter ended December 31, 2022

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Liberty Energy Inc. filing history →

Source: SEC EDGAR

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