The industry has seen market improvement over the past year since the depths of the downturn. 
Labor intensive industries, right now, are stressed. We are collaborating with multiple parties to further develop sustainable aviation fuel, batteries, carbon capture and hydrogen opportunities. Midstream results in the fourth quarter included asset retirement costs of $70 million related to the shutdown of the Alliance Refinery in connection with plans to convert it to a terminal, $4 million of hurricane-related costs and $1 million of pension settlement expense. WebInside Liberty Oilfield Services Inc.'s 10-Q Quarterly Report: Financial - Income Highlight. Expanding CPChems propylene splitting capacity by 1 billion pounds per year with a new unit located at its Cedar Bayou facility. And I just wonder if you might bracket that for us. Liberty Oilfield Services (LBRT Quick Quote LBRT - Free Report) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. Phillips 66 Reports Fourth-Quarter 2021 Financial Results, https://www.businesswire.com/news/home/20220126006020/en/, California Transparency in Supply Chains Disclosure (SB 657), Reported fourth-quarter earnings of $1.3 billion or $2.88 per share; adjusted earnings of $1.3 billion or $2.94 per share, Generated $1.8billion of operating cash flow; $1.4 billion excluding working capital, Approved 2022 capital program of $1.9 billion, Increased quarterly dividend to 92 cents per share, Reached agreement to acquire all publicly held units of Phillips 66 Partners, Generated $6.0 billion of operating cash flow; $3.9billion excluding working capital, Reported record earnings in Midstream, Chemicals, and Marketing and Specialties, Advanced Emerging Energy initiatives in renewable fuels, batteries, carbon capture and hydrogen, Announced Scope 1, 2 and 3 greenhouse gas emissions reduction targets, Began renewable diesel production at the San Francisco Refinery and advanced Rodeo Renewed. Please go ahead. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. We are dedicated to partnering with leading exploration and production companies to apply technology innovations and superior operations. we plans with our customers, then we are discussing the next generation of regular customers moving into a fully electric, sort of, natural gas fleet, where you can call a rig. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Contents: Prepared Remarks; Questions and Answers; Call The market expects Liberty Oilfield Services (LBRT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2019. Some customer relationships are expanding as we can now work with key customers across North America, given our expanded geographic reach and a premier technology service offering. On average, equities research analysts expect that The Liberty SiriusXM Group will post 3.32 EPS for We continue to focus on returns and disciplined capital allocation. Good morning, everyone, and thank you for joining us to discuss our second quarter 2021 operational and financial results. Hey, thank you, guys. EPS of $0.82 for the same period compares with -$0.30 a year ago. I think you're going to see in general some low-single digit increase in labor costs going through second half of the year, as well, I think, in general, across the board. 
This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Liberty had an outstanding year in 2022. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. But, just what's customer appetite for contracting for even Tier 4 DGB or new build digiFrac fleet? These statements are not guarantees of future performance and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. I've got a couple of questions. We might incur probably a couple of million dollars as we move into monobore and some of the next-generation high equipment. I want to first thank the Liberty family for navigating this downturn with the utmost tenacity, dedication and commitment throughout these trying times. Thanks for everyone's time today, interest in Liberty. The consensus estimate for Tempo With that, I'd like to turn the call over to Michael Stock, our CFO, to discuss our financial results. EX-4.1 6 d513358dex41.htm EX-4.1 EX-4.1 . The company beat consensus EPS estimates in each of the trailing four quarters. Atidrip Modak -- Goldman Sachs -- Analyst. Liberty delivered another quarter of solid improvement, as we start to exit the COVID downturn. Please go ahead. Phillips 66 had $56 billion of assets as of Dec. 31, 2021. Yes, the right answer is very different, for different customers, different circumstances, different geographic segments. *Adjusted total processed inputs include our proportional share of processed inputs of an equity affiliate. Let's say, customer interest in cutting-edge frac technology and fleets is very strong, very strong. Copy and paste multiple symbols separated by spaces. Written by NEC Oil Field Services; Business data Estimated number of employees: 1 to 4: Annual sales estimate: 0 City / suburb: Oklahoma City, OK: County: digiFrac allows quick, easy, precise adjustments of pumping rate using our micro control system. This is Dan on from Connor's team. Words and phrases such as is anticipated, is estimated, is expected, is planned, is scheduled, is targeted, believes, continues, intends, will, would, objectives, goals, projects, efforts, strategies and similar expressions are used to identify such forward-looking statements. Income tax expense totaled $16 million, again reflecting the impact of the valuation adjustments, resulted in a $24 million of tax expense, more than offsetting what would have been a projected $8 million tax benefit related to operational second quarter results. The reopening of the economy is happening faster than folks are returning to labor force. Global oil demand last year dropped 89% [Phonetic], natural gas demand dropped 2%, and electricity demand only 1%. Reconciliation of Consolidated Earnings (Loss) to Adjusted Earnings (Loss), Lower-of-cost-or-market inventory adjustments, Earnings (loss) per share of common stock (dollars), Adjusted earnings (loss) per share of common stock (dollars), Reconciliation of Segment Pre-Tax Income (Loss) to Adjusted Pre-Tax Income (Loss), Reconciliation of Segment Pre-Tax This marks the first quarter we've operated entirely under the Liberty umbrella, after the cut over from Schlumberger's Liberty Internal Systems at the end of February. During our conversation, Chris shares his experiences as an entrepreneur, including the moment he realized he. The quarter was negatively affected by approximately $0.12 per share by deferred asset valuation allowance adjustments. We created opportunity in the face of adversity and we believe we are now going through an inflection point. WebNEXTIER OILFIELD SOLUTIONS INC. : Press releases relating to NEXTIER OILFIELD SOLUTIONS INC. Investor relations | Brse Stuttgart: 9KG | Brse Stuttgart WebLiberty Oilfield Services Inc. Consolidated debt was $14.4 billion at Dec. 31, 2021, including $3.9 billion at Phillips 66 Partners. 10 stocks we like better thanLiberty Oilfield Services Inc.When our award-winning analyst team hasa stock tip, it can pay to listen. Transportation fourth-quarter adjusted pre-tax income was $273 million, compared with $254 million, mainly reflecting the recognition of deferred revenue. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. This should support a continued increase in demand for North American completion services. M&S results included $1 million and $2 million of pension settlement expense in the fourth quarter and third quarter, respectively. No investment decision can be efficient without considering a stock's valuation. A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. On average, equities research analysts expect that The Liberty SiriusXM Group will post 3.32 EPS for Together, having high-power density, precise control and a noteworthy reduction in emissions, makes digiFrac the best in the market and our customers are taking notice. And of course, we're taking a ton of data on it for how we can tweak in further improvement. Liberty founders each bring over 20 years of technology thought leadership and operations excellence that have been powering the shale revolution from its beginnings in the late 1990s. To make the world smarter, happier, and richer. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Liberty Oilfield Services. I think bidding will be the wrong way to look at it. 
OAK BROOK, Ill. , April 6, 2023 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast of its first quarter earnings results conference call on Monday, May 8, 2023 , at 8:30 a.m. Financial Position, Liquidity and Return of Capital. The companys equity investment in DCP Midstream, LLC generated fourth-quarter adjusted pre-tax income of $111 million, an $80 million increase from the prior quarter. Phillips 66 has a 16% stake in NOVONIX, a company that develops technology and supplies materials for lithium-ion batteries. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the sustainable development of unconventional energy resources in partnership with our customers. With the acquisition of OneStim, this is the first year in our history we had geographic exposure in Canada, where the spring break-up seasonality will now impact our sequential revenue comparison. So, those are the three factors in varying degree that drive interest in the technology. And so, as we think of 3Q, should that step-up from $8 million, or is that fully in margins in 2Q and so don't really step that up in the 3Q? I struggle with why more people dont talk positively about our industry, Wright said. Nontaxable events reflect zero income tax. So, you guys have laid out two scenarios, kind of, a slower and faster transition scenario in the Investor Day presentation. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the sustainable development of unconventional energy resources in partnership with our customers. So, I would imagine that all of that combines to a healthy rate of top-line improvement that we should expect for Q3. Crude utilization rate was 90% and clean product yield was 86% in the fourth quarter. To receive notifications via email, enter your email address and select at least one subscription below. Yes, in January 1; and no, before then. This compares to The next question is from John Daniel with Daniel Energy Partners. It's incredible to see what a difference a year has made. I would like to turn the conference back over to management for any closing remarks. At the Sweeny Hub, Frac 4 is expected to be completed in the fourth quarter of 2022, adding 150,000 BPD of capacity. We worked abruptly in adjusting prices with our customers. Look, the quarter, we just finished and we talked about struggles mostly with utilization in calendar; never like to see that happen, but that's just life. 832-765-2297 It is noteworthy that service prices tend to lag broader inflationary increases across the value chain, but the increases are necessary to facilitate the next phase of growth and take all of your investment. ET. Their dedication and commitment to the Liberty family during these trying times was foundational to maintaining our partnerships with customers and suppliers, and also helping other folks navigate a challenging time. Labor supply is very high and we're completely delighted with a variety of [Indecipherable], as economic activity increases. 
This unique combination of assets will drive financial results in the coming cycle. The second quarter marks the anniversary of the extraordinary events of the year-ago, where business activity plunged on the back of a collapse in oil demand. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity Our report provides an overview of where the world gets energy and how that's changed over time. Midstream fourth-quarter 2021 pre-tax income was $593 million, compared with $629 million in the third quarter of 2021. If you're taking sort of a race car and you're taking your engine out of problem, rebuilding into reusing majority of that. And if you could, kind of, give a little bit more color on -- kind of, expand a little bit on the operational and capital efficiency opportunities you were talking about in terms of technology integration, automation? Just one year ago, in the second quarter, we were sitting in only $88 million of revenue on the back of a dramatic drop in worldwide oil market, widespread shutdowns from shale producers, and the near halt of North American fracking. Adjusted EBITDA in the second quarter was $37 million, compared to $32 million in the first quarter. https://www.businesswire.com/news/home/20220126006020/en/, Jeff Dietert (investors) Second quarter adjusted EBITDA increased to $37 million from $32 million in the first quarter. When we think about fleet reactivations, I mean, obviously, it doesn't sound like you've got it in the back half of this year. 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