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Sep 30, 2021
Liberty Energy Q3 2021 Earnings Report
Liberty Energy's financial performance increased due to rise in activity and service pricing, but was offset by cost inflation and supply chain disruptions.
Key Takeaways
Liberty Energy reported a 12% sequential increase in revenue to $654 million for Q3 2021. The company's net loss was $39 million, or $0.22 loss per share. Adjusted EBITDA was $32 million. The company also announced the acquisition of PropX.
Revenue of $654 million, representing a 12% sequential increase.
Net loss of $39 million, or $0.22 fully diluted loss per share.
Adjusted EBITDA of $32 million.
Announced the acquisition of Proppant Express Investments, LLC (“PropX”).
Forward Guidance
Activity and momentum are expected to continue to strengthen in the fourth quarter and into 2022 supported by strong industry fundamentals and demand for Liberty. Incremental service price increases that likely manifest more noticeably entering 2022.
Positive Outlook
- Strong industry fundamentals.
- Demand for Liberty's services expected to continue to strengthen.
- Momentum expected to continue into Q4 and 2022
- Incremental service price increases likely to manifest in 2022
- The company has the right technology, people, and commitment to excellence
Challenges Ahead
- Supply chain issues.
- Logistics challenges.
- Integration challenges.
- Covid related disruptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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