Semiconductors Re-emerge as Leadership; Still Bullish The Fed injected some volatility into the market after their December meeting, as they noted an uncertain inflation outlook and the SEP showed the median expected rate cuts for 2025 fell to just 50bps, down from 100bps at the September meeting. We discussed in our latest report (12/23/24 ETF Pathfinder), and continue to believe, that this is a buying opportunity. Market dynamics remain risk-on, the S&P 500 remains above 5850 (a key support l...
DENVER & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- , a leader in innovative energy services and technologies, and , a pioneer in off-grid modular direct current (DC) power systems, today announced a memorandum of understanding to deliver advanced power solutions tailored to address the growing energy demands of industries such as commercial fleet electric vehicle (EV) hubs and data centers. This press release features multimedia. View the full release here: The collaboration leverages Liberty’s power solutions and operational expertise alongside DC Grid’s cutting-edge DC systems to rapidly de...
Two Directors at Liberty Energy Inc sold 60,000 shares at between 20.800USD and 20.824USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) today commented on the announcement by President-elect Donald J. Trump regarding his nomination of Chris Wright, Liberty’s Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Mr. Wright as Secretary of Energy is subject to confirmation by the U.S. Senate, and Mr. Wright will continue in his current positions with the Company until confirmation occurs. Effective upon and subject to this confirmation and in accordance with the...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) (“Liberty” or the “Company”) announced today third quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.1 billion, a 2% sequential decrease Net income of $74 million, or $0.44 fully diluted earnings per share (“EPS”) Adjusted EBITDA1 of $248 million Delivered 22% TTM Adjusted Pre-Tax Return on Capital Employed (“ROCE”)2 Distributed $51 million to shareholders through share repurchases and cash dividends Repurchased and retired 1.2% of shares outstanding during the third quarter, and ...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.08 per share of Class A common stock, to be paid on December 20, 2024, to holders of record as of December 6, 2024. This dividend represents a 14% increase from the prior regular quarterly dividend of $0.07 per share. “Liberty’s disciplined investment in innovative businesses and leading edge technologies expands our competitive advantage and increases our market opportunities in the coming years. We are increasing our q...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the third quarter ending September 30, 2024, after the market closes on Wednesday, October 16, 2024. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, October 17, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call sh...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today second quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, an 8% sequential increase Net income of $108 million, or $0.64 fully diluted earnings per share (“EPS”) Adjusted EBITDA1 of $273 million, a 12% sequential increase Delivered 28% TTM Adjusted Pre-Tax Return on Capital Employed (“ROCE”)2 Distributed $41 million to shareholders through share repurchases and cash dividends Repurchased and retired 0.8% of shares outsta...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on September 20, 2024, to holders of record as of September 6, 2024. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on m...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Wednesday, July 17, 2024. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, July 18, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial ...
DENVER--(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 d...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on June 20, 2024, to holders of record as of June 6, 2024. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on market cond...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Wednesday, April 17, 2024. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, April 18, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dia...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) provided comments today on the decision by the United States Court of Appeals for the 5th Circuit granting an administrative stay of the Securities and Exchange Commission’s rule titled “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (the “Climate Rule”). The decision is in response to a petition by Liberty and Nomad Proppant Services LLC. The Climate Rule was adopted by the SEC on March 6, 2024, and Liberty promptly filed litigation to challenge it. In response, the 5th ...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) proudly announced today the release of our 2024 report, highlighting the central role that energy plays in human lives. “A thriving energy system enables a thriving society and a future of opportunity. Unfortunately, politics is increasingly dominating the trajectory of American energy with growing consequences. The costs of getting energy wrong include reduced living standards, fewer job opportunities, reduced national security, and reduced environmental quality,” commented Chris Wright, Chief Executive ...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share (“EPS”), for the year ended December 31, 2023, up 39% and 49%, respectively. EPS grew faster than net income due to reduced share count Adjusted EBITDA2 of $1.2 billion, a 41% increase over the prior year, for the year ended December 31, 2023 Achieved...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has increased its share repurchase authorization announced on July 25, 2022 to $750 million, a $250 million increase from the previously authorized and upsized amount. The Board has also extended the authorization through July 31, 2026. Since the repurchase program commencement, Liberty has repurchased and retired 21,891,512 shares of Class A common stock, representing 11.7% of outstanding shares, for approximately $328 million. With this program ex...
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the fourth quarter and full year ending December 31, 2023, after the market closes on Wednesday, January 24, 2024. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 25, 2024. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the con...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
DENVER--(BUSINESS WIRE)-- Liberty Energy Inc., (NYSE: LBRT; “Liberty” or the “Company”) announced today third quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, a 2% increase over the prior year Net income1 of $149 million, or $0.85 fully diluted earnings per share, a 1% and 10% increase, respectively, over the prior year Adjusted EBITDA2 of $319 million and 12-month Adjusted Pre-Tax Return on Capital Employed3 of 44% Achieved third consecutive quarter of record average daily pumping efficiency driving solid results Began co...
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