Liberty Energy reports record FY 2023 EPS of $3.15, revenue $4.7B; boosts buyback to $750M, raises dividend 40%

Liberty Energy Inc.

2023-FY EPS reported $3.15 revenue$4,747,928,000

Full year 2023 revenue $4.7B (+14% YoY); net income $556M ($3.15 diluted EPS) up 39% and 49% respectively.
Q4 2023 revenue $1.1B; net income $92M ($0.54 diluted EPS); Adjusted EBITDA $253M (-15% YoY).
Share repurchase authorization increased to $750M through July 2026; $422M remaining; $241M returned to shareholders in 2023.
Quarterly dividend raised 40% to $0.07 per share; paid $38M in dividends in 2023.
Achieved 40% Adjusted Pre-Tax ROCE and 34% CROCI for 2023; expects 90% of fleets to be natural gas-powered by end of 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 the fourth quarter ended December 31, 2023 results: revenue Fourth quarter 2023 revenue of $1.1 billion, net income fourth quarter 2023 ... net income 1 of $92 million, or $0.54 fully diluted earnings per share, EPS $0.54 fully diluted earnings per share.

Period: the fourth quarter ended December 31, 2023
Revenue: Fourth quarter 2023 revenue of $1.1 billion
Net income: fourth quarter 2023 ... net income 1 of $92 million, or $0.54 fully diluted earnings per share
EPS: $0.54 fully diluted earnings per share
Result: reported results

Exact text from the filing

Fourth quarter 2023 revenue of $1.1 billion and net income 1 of $92 million, or $0.54 fully diluted earnings per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Liberty Energy Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $4.7 billion for the year ended December 31, 2023, net income Net income 1 of $556 million, or $3.15 fully diluted earnings per share ("EPS"), for the year ended December 31, 2023, EPS $3.15 fully diluted earnings per share ("EPS").

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Revenue of $4.7 billion for the year ended December 31, 2023
Net income: Net income 1 of $556 million, or $3.15 fully diluted earnings per share ("EPS"), for the year ended December 31, 2023
EPS: $3.15 fully diluted earnings per share ("EPS")
Result: reported results

Exact text from the filing

Liberty Energy Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results and Increase in Existing Share Repurchase Authorization to $750 Million January 24, 2024 Denver - (Business Wire) - Liberty Energy Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights • Revenue of $4.7 billion for the year ended December 31, 2023 • Net income 1 of $556 million, or $3.15 fully diluted earnings per share ("EPS"), for the year ended December 31, 2023, up 39% and 49%, respectively.

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Source: SEC EDGAR

accession 0001694028-24-000002

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