Liberty Energy (LBRT) Tops Q1 EPS by 7c
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Liberty Energy Inc. Announces First Quarter 2023 Financial and Operational Results
April 19, 2023 4:43 PM EDTDENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2023 financial and operational results.
Summary Results and Highlights
Revenue of $1.3 billion, a 59% increase over the prior year, and net income1 of $163 million, or $0.90 fully diluted earnings per share Adjusted EBITDA2 of $330 million Delivered strong first quarter free cash flow and returned $83 million to shareholders through a combination of share repurchases and a quarterly cash dividend Repurchased 2.9% of shares outstanding in the quarter, and 7.1% cumulatively of shares outstanding since reinstatement of the repurchase program in... More