Primary Vision
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
No Result
View All Result
Primary Vision
Home Market Trends

Liberty: Q1 TAKE THREE

Avik Chowdhury by Avik Chowdhury
April 18, 2024
in Market Trends
0

Industry Outlook And Key Trends: Liberty Energy’s management emphasized the shift towards low-emissions, capital-efficient natural gas-fueled technologies in the fracking industry. In the recent past, crude oil prices have gained strength while natural gas prices have gone south. However, the divergence did not affect the demand for North American frac services. LBRT expects global energy demand to rise, leading to a “constructive” frac industry outlook in North America. You may read more about the company in our previous article here.

Q2 Forecast: LBRT will continue to focus on power generation to the CNG fuel supply that supports its digiFleet deployments. In Q2, the company expects “low double-digit” revenue growth based on stable pricing and increased efficiency. The company also expects strong cash flow generation in 2024. You can also read more about LBRT’s fracking activities in our report here.

Fundamental Metrics Remained Steady In Q1: LBRT’s revenues remained nearly unchanged in Q1 quarter-over-quarter, while its adjusted EBITDA recorded a 3% fall. So, the rate of its quarterly declines (on revenues and EBITDA) decelerated in Q1 versus the previous quarter. The company’s debt-to-equity, however, deteriorated marginally to 0.09x as of March 31, 2024, from 0.08x a quarter earlier. This was because it drew on its credit facility during the quarter. As announced in January, it increased the share repurchase authorization limit to $750 million. Since 2022, it has repurchased and retired 12.5% of its shares.

Thanks for reading the LBRT Take Three, designed to give you three critical takeaways from LBRT’s earnings report.  Soon, we will present a second update on LBRT’s earnings, highlighting its current strategy, news, and notes we extracted from our deeper dive.

Previous Post

A Global Economy in Flux: Parsing Data Points Across Continents

Next Post

SLB: Q1 TAKE THREE

Related Posts

Liberty Energy’s Perspective in Q1: KEY Takeaways
Market Trends

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE
Market Trends

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE
Market Trends

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE
Market Trends

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
MST: Is China the Last Growth Pillar Left Standing?
Market Trends

MST: Is China the Last Growth Pillar Left Standing?

May 6, 2025
MMV: How Should We Define Tier 1 in 2025?
Market Trends

MMV: How Should We Define Tier 1 in 2025?

May 5, 2025
Next Post

SLB: Q1 TAKE THREE

Please login to join discussion

Recent News

Liberty Energy’s Perspective in Q1: KEY Takeaways

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
MST: Is China the Last Growth Pillar Left Standing?

MST: Is China the Last Growth Pillar Left Standing?

May 6, 2025
Primary Vision

Established in 2011, we are renowned for our expert frac data and analytics, providing a rich array of unique indicators and industry commentary.

CONTACT

+1-713-554-4977
info@primaryvision.co

SOCIAL NETWORKS

POLICIES

Privacy Policy
Terms of Use

PARTNERS

Amazon Web Services

TRUSTED SITES

Logo

Logo

RECENT NEWS

Liberty Energy’s Perspective in Q1: KEY Takeaways

Liberty Energy’s Perspective in Q1: KEY Takeaways

May 12, 2025
KLX Energy Services: Q1 TAKE THREE

KLX Energy Services: Q1 TAKE THREE

May 9, 2025
Nine Energy Service: Q1 TAKE THREE

Nine Energy Service: Q1 TAKE THREE

May 8, 2025
ProFrac Holding: Q1 TAKE THREE

ProFrac Holding: Q1 TAKE THREE

May 7, 2025
MST: Is China the Last Growth Pillar Left Standing?

MST: Is China the Last Growth Pillar Left Standing?

May 6, 2025
  • HOME
  • ABOUT US
  • RESEARCH
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!

© 2025 Primary Vision. All rights reserved.

  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!

© 2025 Primary Vision. All rights reserved.