NYSE$LBRT
Liberty Energy Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Revenue increased sequentially and year-over-year, with net income and adjusted EBITDA also showing significant growth.
Liberty Energy Inc. reported strong second-quarter results with a 19% sequential increase in revenue to $943 million and a net income of $105 million, or $0.55 per share. The company reinstated its return of capital program with a $250 million share repurchase authorization and is expanding its strategic partnerships with key customers.
- Revenue increased 19% sequentially and 62% year-over-year, reaching $943 million.
- Net income totaled $105 million, resulting in fully diluted earnings per share of $0.55.
- Adjusted EBITDA increased to $196 million.
- The company reinstated its return of capital program with a share repurchase authorization of up to $250 million.
Headline financials
Revenue & EPS history
Liberty Energy · Revenue · Quarterly
$943M
Forward guidance
Liberty Energy anticipates approximately 10% sequential revenue growth in the third quarter, driven by fleet reactivations and modest net pricing increases. Margins are expected to improve, offset by supply chain pressures.
Tailwinds
- Strong frac market and specific conversations with customers give confidence in the demand for Liberty services into the coming year.
- Approximately 10% sequential revenue growth is expected in the third quarter.
- Growth will be primarily driven by fleet reactivations and modest net pricing increases.
- Third quarter margins are expected to improve from the contribution of incremental fleets.
- Price improvements are expected to contribute to margin improvements.
Headwinds
- Global economic recovery outlook has softened due to higher inflation and rising interest rates.
- The Russia/Ukraine conflict adds uncertainty to the energy markets.
- Supply chain, operational and inflationary pressures are ongoing.
- A severe recession could lead to a drop in global demand for oil and natural gas.
- Supply is restricted by a tight frac market, where equipment, supply chain and labor constraints limit frac fleet availability and service quality available to our customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+3.5%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+4.0%
Avg return
30 days after
68%
23 / 34 earnings
Positive
+47.3%
Q1 2020
Best reaction
-13.2%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +12.3% | +8.2% | |
| Q4 2025 | +15.6% | +19.4% | +28.9% | |
| Q3 2025 | +29.1% | +27.2% | +33.3% | |
| Q2 2025 | -2.4% | -5.2% | -4.9% | |
| Q1 2025 | +5.7% | +5.1% | +7.1% | |
| Q4 2024 | -7.1% | -11.4% | -16.4% | |
| Q3 2024 | -7.6% | -11.5% | -14.6% | |
| Q2 2024 | +1.6% | -2.8% | -6.1% | |
| Q1 2024 | +2.4% | +2.5% | +9.7% | |
| Q4 2023 | +11.1% | +12.9% | +18.6% | |
| Q3 2023 | +7.2% | +5.6% | +0.9% | |
| Q2 2023 | -0.7% | +0.8% | +3.8% | |
| Q1 2023 | +2.5% | +6.2% | -0.9% | |
| Q4 2022 | +3.9% | +6.0% | +4.9% | |
| Q3 2022 | +1.2% | +5.8% | +9.3% | |
| Q2 2022 | +14.5% | +17.8% | +31.2% | |
| Q1 2022 | +1.3% | -6.0% | -14.1% | |
| Q4 2021 | -8.2% | -2.2% | +21.3% | |
| Q3 2021 | -12.0% | -16.5% | -35.5% | |
| Q2 2021 | -7.1% | -13.1% | -13.8% | |
| Q1 2021 | +12.2% | +7.6% | +37.7% | |
| Q4 2020 | -1.5% | -12.2% | +6.2% | |
| Q3 2020 | -13.2% | -12.8% | +35.9% | |
| Q2 2020 | -3.9% | -15.8% | -1.0% | |
| Q1 2020 | +47.3% | +30.0% | +64.5% | |
| Q4 2019 | -2.6% | -2.7% | -41.8% | |
| Q3 2019 | +1.4% | +6.2% | -3.2% | |
| Q2 2019 | +8.8% | +1.6% | -17.4% | |
| Q1 2019 | +3.9% | +8.1% | -13.6% | |
| Q4 2018 | +0.6% | -4.3% | -8.7% | |
| Q3 2018 | +11.8% | +16.9% | +2.9% | |
| Q2 2018 | +1.0% | -0.4% | +0.2% | |
| Q1 2018 | +1.3% | +2.8% | -1.2% | |
| Q4 2017 | +0.2% | -3.7% | +3.3% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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