Liberty Energy Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 04:09 pm EDT
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Liberty Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,215.91 million compared to USD 1,188.25 million a year ago. Revenue was USD 1,215.91 million compared to USD 1,188.25 million a year ago. Net income was USD 148.61 million compared to USD 146.95 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.78 a year ago.
For the nine months, sales was USD 3,672.97 million compared to USD 2,923.64 million a year ago. Revenue was USD 3,672.97 million compared to USD 2,923.64 million a year ago. Net income was USD 463.93 million compared to USD 246.73 million a year ago. Basic earnings per share from continuing operations was USD 2.68 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 2.62 compared to USD 1.3 a year ago.
Liberty Energy Inc. is an integrated energy services and technology company. The Company is focused on providing hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America. It offers customers hydraulic fracturing services, together with complementary services, including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, related goods (including its sand mine operations), and technologies. It primarily provides its services in the Permian Basin, the Williston Basin, the Eagle Ford Shale, the Haynesville Shale, the Appalachian Basin (Marcellus Shale and Utica Shale), the Western Canadian Sedimentary Basin, the Denver-Julesburg Basin, and the Anadarko Basin. The process of hydraulic fracturing involves pumping a pressurized stream of fracturing fluid (typically a mixture of water, chemicals and proppant) into a well casing or tubing.
LIBERTY ENERGY INC. 
