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Liberty Energy reports Q4 EPS 82c, consensus 75c
The Fly

Liberty Energy reports Q4 EPS 82c, consensus 75c

Reports Q4 revenue $1.2B, consensus $1.2B. "Liberty achieved outstanding returns in 2022 with the highest earnings per share in company history. Full-year Adjusted Pre-Tax Return on Capital Employed ("ROCE")3 and Cash Return on Capital Invested ("CROCI")4 were each at 31%, and both accelerated as the year progressed. These results demonstrate the enhanced earnings power of our diversified platform and technology portfolio and the profitability potential over the longer duration cycle ahead," commented Chris Wright, Chief Executive Officer. "Our strong conviction in the outlook and growing free cash flow led us to launch and expand a sector-leading return of capital strategy in 2022 with a share repurchase program and the reinstatement of our quarterly cash dividend. During the second half of 2022, we returned a combined $134 million in share repurchases and dividend payments to shareholders, retiring 4.4% of outstanding shares. Our confidence continues today spurring us to double the size of our share repurchase authorization."

Published first on TheFly

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