earnings
confidence high
sentiment neutral
materiality 0.78
Liberty Energy Q3 revenue $1.1B, EPS $0.44; dividend raised 14%; sees Q4 activity decline
Liberty Energy Inc.
2024-Q3 EPS reported
$1.55
revenue$3,371,587,000
- Revenue $1.1B (2% seq. decrease), net income $74M ($0.44 EPS), Adjusted EBITDA $248M.
- Quarterly cash dividend raised 14% to $0.08/share; payable Dec 20 to holders of record Dec 6.
- Repurchased 1.94M shares for $39M; cumulative 14.3% retired since July 2022 repurchase program.
- Expects low double-digit Q4 activity reduction; 90% of fleets primarily natural gas-powered by early 2025.
- Shipped fleet to Australia for completions; digiPrime fleet set company record for monthly hours pumped.