Liberty Energy: A Beacon of Growth and Innovation in the Energy Sector

Liberty Energy Inc. (NYSE: LBRT) has announced the timing of the release of its fourth quarter and full year 2024 financial results, as well as a conference call to discuss the results. The company is set to release its financial results after the market closes on Wednesday, January 29, 2025, followed by a conference call on Thursday, January 30, 2025, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). Presenting the company's results will be Ron Gusek, President and named successor to the Chief Executive Officer, and Michael Stock, Chief Financial Officer.

Liberty Energy has been a standout performer in the energy sector, driven by its innovative suite of completion services and technologies, as well as its relentless focus on sustainable development and customer partnerships. The company's strong financial performance in recent years is a testament to its strategic vision and execution.

In 2023, Liberty Energy reported revenue of $4.7 billion, up 39% from the prior year, and net income of $556 million, or $3.15 fully diluted earnings per share (EPS), up 39% and 49%, respectively. The company's Adjusted EBITDA for the year ended December 31, 2023, was $1.2 billion, a 41% increase over the prior year. Liberty Energy achieved a 40% Adjusted Pre-Tax Return on Capital Employed (ROCE) and a 34% Cash Return on Capital Invested (CROCI) for the year ended December 31, 2023.

The company's fourth quarter 2023 results were equally impressive, with revenue of $1.1 billion and net income of $92 million, or $0.54 fully diluted EPS. Liberty Energy's Adjusted EBITDA for the fourth quarter was $253 million. The company repurchased and retired 1.2% of shares outstanding during the fourth quarter, and a cumulative 11.7% of shares outstanding since reinstating the repurchase program in July 2022.

Liberty Energy's strong financial performance is a result of its commitment to innovation, vertical integration, and customer-centric approach. The company's advanced technology portfolio, including its digiTechnologies℠ and Liberty Power Innovations (LPI) initiatives, has enabled it to deliver superior service quality and operational efficiencies, driving record-breaking results.

Looking ahead to 2024, Liberty Energy is well-positioned to continue its growth trajectory. The company's strategic investment in next-generation fleet technologies, such as natural gas-powered frac engines and mobile power generation, will enable it to maximize efficiency, reduce emissions, and lower fuel costs. By the end of 2024, Liberty Energy expects 90% of its fleets to be primarily powered by natural gas, further enhancing its competitive advantage.

Moreover, Liberty Energy's commitment to sustainable development and social responsibility is evident in its initiatives to promote clean cooking fuels and alleviate poverty through the Bettering Human Lives Foundation. These efforts not only contribute to the company's long-term growth but also demonstrate its dedication to creating a positive impact on society.

In conclusion, Liberty Energy's announcement of the timing of its fourth quarter and full year 2024 financial results and conference call is a testament to the company's strong performance and commitment to innovation. As the energy sector continues to evolve, Liberty Energy remains a beacon of growth and innovation, poised to deliver superior returns to its shareholders while creating a positive impact on the world.