Liberty Energy reports Q4 EPS 54c, consensus 57c

Reports Q4 revenue $1.1B, consensus $1.09B. “Liberty delivered a second consecutive year of record earnings per share. Our portfolio of advanced technology and vertical integration enhanced our superior service quality and drove record-breaking operational efficiencies. Full year Adjusted Pre-Tax ROCE of 40% and CROCI of 34% both exceeded the prior year,” commented Chris Wright, Chief Executive Officer. “Strong free cash flow generation supported our leading return of capital program. Since program reinstatement in July 2022, we have distributed $375 million to shareholders through share buybacks and cash dividends. We have now retired an equivalent of 33% of the shares issued for the acquisition of SLB’s OneStim business three years ago.”