Liberty Oilfield Services (LBRT) PT Raised to $26 at Wells Fargo
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Liberty Energy Inc. Announces First Quarter 2024 Financial and Operational Results
April 17, 2024 4:30 PM EDTDENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) (Liberty or the Company) announced today first quarter 2024 financial and operational results.
Summary Results and Highlights
Revenue of $1.1 billion, flat sequentially Net income1 of $82 million, or $0.48 fully diluted earnings per share (EPS) Adjusted EBITDA2 of $245 million, a 3% decrease sequentially Delivered 32% TTM Adjusted Pre-Tax Return on Capital Employed (ROCE)3 Distributed $42 million to shareholders through share repurchases and cash dividends Repurchased and retired 0.9% of shares outstanding during the first quarter, and a cumulative 12.5% of shares outstanding since reinstatement of the repurchase... More