NYSE$LBRT
Liberty Energy Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Delivered strong operating and financial performance, demonstrating the value of Liberty’s competitive advantage.
Liberty Energy Inc. reported a revenue of $1.2 billion, an 8% sequential increase, and a net income of $108 million, or $0.64 fully diluted earnings per share for Q2 2024. The company delivered a 28% Adjusted Pre-Tax Return on Capital Employed for the twelve months ended June 30, 2024 and distributed $41 million to shareholders through share repurchases and cash dividends.
- Revenue of $1.2 billion, an 8% sequential increase.
- Net income of $108 million, or $0.64 fully diluted earnings per share.
- Adjusted EBITDA of $273 million, a 12% sequential increase.
- Distributed $41 million to shareholders through share repurchases and cash dividends.
Headline financials
Revenue & EPS history
Liberty Energy · Revenue · Quarterly
$1.16B
Forward guidance
Liberty anticipates total North American completions activity will be modestly softer in the second half of the year due to budget front-loading by some operators, but expects Liberty’s financial performance to be similar in the second half of the year compared to the first half.
Tailwinds
- Global oil and gas markets remain constructive on favorable multi-year market fundamentals.
- Rising demand for cost effective, reliable, low emission, power dense solutions.
- Strategic investments deepen portfolio of natural gas fueled pumping and power generation technologies.
- Expect to continue investing in competitively advantaged portfolio.
- Committed to safely and responsibly creating long-term value for partners and shareholders.
Headwinds
- Near term volatility in commodity prices.
- Surprise decision from OPEC+ to gradually unwind voluntary production cuts beginning in October drove oil prices lower.
- Recent reinstatement of some curtailed production has moved natural gas prices downward.
- Industry conditions moderated through the first half of the year.
- Total North American completions activity will be modestly softer in the second half of the year due to budget front-loading by some operators.
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 2024
+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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