earnings
confidence high
sentiment positive
materiality 0.75
Liberty Energy Q2 revenue $1.2B (+27% YoY), EPS $0.87 (+57% YoY); returned $69M to shareholders
Liberty Energy Inc.
2023-Q2 EPS reported
$1.76
revenue$2,457,065,000
- Net income $153M, fully diluted EPS $0.87 vs $0.55 YoY; Adjusted EBITDA $311M, +59% YoY.
- Record average daily pumping efficiency; closed Siren Energy acquisition expanding LPI alternative fuel solutions.
- Returned $69M to shareholders: $60M buybacks (2.7% of shares) and $9M quarterly dividend ($0.05/sh).
- Cumulative buybacks since July 2022 total 9.7% of shares outstanding; remaining authorization ~$240M.
- Outlook: N. America completions activity to moderate in H2; service cos reducing fleets; gas activity likely up in 2024.