Liberty Energy reports Q3 EPS 26c, consensus (7c)

Reports Q3 revenue $947M, consensus $964.8M. “Liberty achieved revenue of $947M and Adjusted EBITDA of $128M in Q3, despite a slowdown in industry completions activity and market pricing pressure. Our team delivered solid operational results, once again delivering the highest combined average daily pumping efficiency and safety performance in Liberty’s history,” commented CEO Ron Gusek. “While we anticipate market headwinds to persist in the near term, we are well positioned to capitalize on opportunities when conditions improve…Fleet automation is driving a 65% improvement in the time to deliver the desired fluid injection rate and a 5% to 10% improvement in hydraulic efficiency. Our cloud-based large language model, Forge, further empowers StimCommander with intelligent asset orchestration through continuous AI optimization.,,Liberty is in close engagement with potential customers with large, highly transient power demand that will benefit from rapid deployment schedules with high reliability power solutions at grid competitive prices…We are in the process of securing additional power generation, bringing our total capacity to over one gigawatt to be delivered through 2027, and we expect further increases will be necessary to meet the growing demand for our services.”