earnings
confidence high
sentiment positive
materiality 0.70
Liberty Energy Q1 revenue $1.1B flat sequentially; net income $82M, EPS $0.48, Adj. EBITDA $245M down 3% sequentially
Liberty Energy Inc.
2024-Q1 EPS reported
$0.48
revenue$1,073,125,000
- Revenue $1.1B, down 15% YoY, flat QoQ; net income $82M ($0.48 diluted EPS) vs $163M ($0.90) YoY.
- Adjusted EBITDA $245M, down 26% YoY and 3% sequentially.
- Q2 guidance: low double-digit sequential revenue growth on stable pricing; expects strong free cash flow.
- Repurchased 1.48M shares for $30M at avg $20.36; cumulative 12.5% retired since July 2022.
- Declared $0.07/share dividend, payable June 20 to holders of record June 6.