8-K
filed April 19, 2023, 7:59 PM ET
ticker LBRT
CIK 0001694028
earnings
confidence high
sentiment positive
materiality 0.85
Liberty Energy Q1 revenue $1.3B (+59% YoY), EPS $0.90; repurchases 2.9% of shares
Liberty Energy Inc.
2023-Q1 EPS reported
$0.90
revenue$1,262,077,000
- Revenue $1.3B, net income $163M, adjusted EBITDA $330M (up 259% YoY).
- Repurchased 5.17M shares ($75M); cumulative 7.1% since program restart in July 2022.
- Declared $0.05/share quarterly dividend, payable June 20, 2023.
- Launched Liberty Power Innovations and acquired Siren Energy for Permian expansion.
- Deployed first digiFleet electric pumps; achieved 1,291 pumping minutes in a day.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Liberty Energy Inc. reported the first quarter ended March 31, 2023 results: revenue $1.3 billion, net income $163 million, EPS $0.90 fully diluted earnings per share.
- Period
- the first quarter ended March 31, 2023
- Revenue
- $1.3 billion
- Net income
- $163 million
- EPS
- $0.90 fully diluted earnings per share
- Result
- reported results
Exact text from the filing
- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today first quarter 2023 financial and operational results. Summary Results and Highlights • Revenue of $1.3 billion, a 59% increase over the prior year, and net income 1 of $163 million, or $0.90 fully diluted earnings per share • Adjusted EBITDA 2 of $330 million • Delivered strong first
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Liberty Energy Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023 at the 2023-04-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
Proposal 3: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023. Voting results with respect to the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023 were as follows: For Against Abstentions Broker Non-Votes 152,776,524 49,647 75,582 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Liberty Energy Inc. shareholders approved Election of three Class I directors at the 2023-04-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
Proposal 1: Election of three directors. The three individuals listed below were elected as Class I directors of the Company at the Annual Meeting to serve for a term of three years. Voting results for each director were as follows: Names For Withheld Broker Non-Votes Simon Ayat 114,512,123 27,396,789 10,992,841 Gale A. Norton 89,830,463 52,078,449 10,992,841 Cary D. Steinbeck 105,940,845 35,968,067 10,992,841
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Liberty Energy Inc. shareholders approved Advisory vote on the compensation of the named executive officers at the 2023-04-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
Proposal 2: Advisory vote on the compensation of the named executive officers. Voting results with respect to the advisory vote on the compensation of the named executive officers were as follows: For Against Abstentions Broker Non-Votes 139,251,531 2,498,669 158,712 10,992,841
View on SEC.gov
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