Oilfield services provider Liberty Energy Q3 revenue misses estimates amid market pricing pressure

Reuters
Oct 17
Oilfield services provider Liberty Energy Q3 revenue misses estimates amid market pricing pressure

Overview

  • Liberty Energy Q3 revenue falls 9% sequentially, missing analyst expectations

  • Adjusted EPS for Q3 was -$0.06, missing consensus estimates

  • Adjusted EBITDA for Q3 was $128 mln, below analyst expectations

Outlook

  • Liberty anticipates improved frac fundamentals later in 2026, assuming supportive commodity prices

  • Company plans to increase power generation capacity to over one gigawatt by 2027

  • Liberty sees strong demand for next-generation fleets offering fuel savings and efficiencies

Result Drivers

  • RECORD PUMPING EFFICIENCY - Liberty achieved highest combined average daily pumping efficiency and safety performance in its history, per CEO Ron Gusek

  • TECHNOLOGY INNOVATION - Liberty launched Forge, a large language model for intelligent asset orchestration, enhancing operational efficiencies

  • SLOWDOWN - Company achieved revenue of $947 million in the third quarter, despite a slowdown in industry completions activity and market pricing pressure

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$947.39 mln

$975.20 mln (9 Analysts)

Q3 Adjusted EPS

Miss

-$0.06

$0.01 (7 Analysts)

Q3 Net Income

$43.05 mln

Q3 Adjusted EBITDA

Miss

$127.67 mln

$145.50 mln (9 Analysts)

Q3 Capex

$113.03 mln

Q3 Operating Income

-$2.41 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil related services and equipment peer group is "buy"

  • Wall Street's median 12-month price target for Liberty Energy Inc is $13.00, about 8.2% above its October 16 closing price of $11.94

  • The stock recently traded at 358 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: ID:nBw21L6pya

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10