Liberty Oilfield Services (LBRT) Tops Q3 EPS by 16c
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Liberty Energy Inc. Announces Third Quarter 2022 Financial and Operational Results
October 19, 2022 4:44 PM EDTDENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; Liberty or the Company) announced today third quarter 2022 financial and operational results.
Summary Results and Highlights
Revenue of $1.2 billion, increased 26% sequentially and 82% year-over-year Net income1 was $147 million, or $0.78 fully diluted earnings per share Adjusted EBITDA2 of $277 million, increased 41% sequentially Achieved record operational performance while deploying additional fleets in support of long-term customer development plans Repurchased 2.5% of outstanding shares at an average price of $14.89 per share, or $70 million in total Expanded return of capital program by reinstating quarterly cash dividend of... More