*Stock Advisor returns as of June 7, 2021. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. 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. We are seeing turnover rate move back towards historical Liberty levels and that will be a financial fruit for the future quarters. STOCKHOLDERS AGREEMENT . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Compared to the Zacks Consensus Estimate of $1.19 billion, the reported revenues represent a surprise of +2.61%. So, one of the big things we won, indeed when we took over -- you know, we just took this over in January 1, not great what's happening. 832-765-2297 The transitory impacts of the pandemic-driven supply demand shocks on labor and supply chain challenges will pass. 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The industry has seen market improvement over the past year since the depths of the downturn. There were no borrowings drawn on the ABL credit facility, and total liquidity available under the credit facility was $277 million at the end of the quarter. But, yes, the pull is significant. 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. Third-quarter results included a $1.3 billion impairment of the Alliance Refinery, $12 million of pension settlement expense and $10 million of hurricane-related costs.
And then, ultimately, I guess, it will get rebuild into a final commercial pump, where the majority, I think, it's reused. In October, Phillips 66 entered into an agreement to acquire all of the limited partner interests in Phillips 66 Partners not already owned by Phillips 66 and its affiliates. Please go ahead. We've got to get, as we move toward getting rid of the some of the noise out of the calendar, the widespread utilization improvement, there is going to be slow improvement as we go through the year. We are collaborating with multiple parties to further develop sustainable aviation fuel, batteries, carbon capture and hydrogen opportunities. Yes, it's ultimately -- I mean, the interest is driven by two things. Our focus is on operational execution through the rippling effects of the pandemic and harvesting gains as we embrace the early innings of the cyclical recovery. Hey, thank you, guys. Economics are still not there for us to want to chase revenue or new business, for new businesses' sake. We ended the quarter with a cash balance of $31 million, reflecting a decrease from first quarter levels as working capital increased. I think, already, we find the right partners. While the results improved in higher activity levels with staff fleets still in the low-30s, we were also navigating the macroeconomic supply and demand shocks triggered by the pandemic and related reopenings, that are creating supply chain constraints and labor shortage. The Chemicals segment reflects Phillips 66s equity investment in Chevron Phillips Chemical Company LLC (CPChem). For the second quarter of 2021, revenue increased 5% to $581 million from $552 million in the first quarter of 2021.
Title. In June, Riverstone successfully monetized the final part of acreage position in Liberty to receive new [Phonetic] stock offering, culminating into tenured partnership with us soon [Phonetic]. Depreciation, amortization and impairments, Selling, general and administrative expenses, Equity in (earnings) losses of affiliates, Proportional share of refining gross margins contributed by equity affiliates, Total processed inputs (thousands of barrels), Adjusted total processed inputs (thousands of barrels)*, Income (loss) before income taxes (dollars per barrel)**, Realized refining margins (dollars per barrel)***. You talked about more dedicated work, fewer move fleet moves, and probably just a more concentrated calendar for Q3 than you had in Q2, and then we'll also have the reversal of the adverse Canadian seasonality. So, when we think about this, can you maybe talk about how much capital or capex will be required to reactivate some fleets in 2022? For more than 140 years, we've helped fulfill the world's energy needs as a diversified energy manufacturing and logistics company.
Do the numbers hold clues to what lies ahead for the stock? Liberty Broadband Corporation (Liberty Broadband) (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call to discuss results for the first quarter of 2023 on Tuesday, May 2 nd at 4:30 p.m. E.T. We continue to have positive dialogs with our customers to full pass-through incremental inflationary costs, in addition to the net frac pricing increases. CAUTIONARY STATEMENT FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS This unique combination of assets will drive financial results in the coming cycle. Revenue of $943 million, increased 19% sequentially and 62% year-over-year. What does this mean? The reopening of the economy is happening faster than folks are returning to labor force. 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. And I'll just give a little color on that. So, there's many, there is a pretty strong pull right now for new capacity, just as market activity is increasing. In the case of Liberty Oilfield Services, the consensus sales estimate of $1.26 billion for the current quarter points to a year-over-year change of +59.1%. Our team's focus digital technology has been critical to the immense improvements in shale well productivity and efficiency over the last decade, and we continue to strive to advance our customers' ESG goals as well. Yes, the fleet reactivation is not on. Our philosophy remains the same, to grow and support our business and our people with a disciplined approach to investments while maintaining balance sheet strength and drive higher long-term returns for shareholders over the cycles. These matters involve risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. Really, Chase, reactivation costs for the next few fleets is going to be minimal. We had oil prices just collapse.
digiFrac represented around 10% of the pumping capacity. The consensus estimate for Tempo DENVER -- (BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Liberty Announces Milestone Achievement of 24 Hours of Continuous Pumping Time. For more information, visit www.phillips66.com or follow us on Twitter@Phillips66Co. Midstream fourth-quarter 2021 pre-tax income was $593 million, compared with $629 million in the third quarter of 2021. 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. Good morning and welcome to the Liberty Oilfield Services Second Quarter 2021 Earnings Conference Call. George O'Leary -- TPH and Company -- Analyst. I think bidding will be the wrong way to look at it. But, when you refer to the staff fleets in the low-30s for both Q1, Q2 -- when during Q2 with the Canadian break-up to those, would they still consider staff fleets or do you look to, how did you treat the crews in that? The results were incredible. And both of those industries are booming right now, booming. Refined product exports in the fourth quarter were 166,000 barrels per day (BPD). Liberty is headquartered in Denver, Colorado. Zacks has released a Special Report to help you do just that, and today its free. Total debt was $106 million, net of deferred financing costs. On average, equities research analysts expect that The Liberty SiriusXM Group will post 3.32 EPS for WebInvestors Heavily Search Liberty Energy Inc. (LBRT): Here is What You Need to Know. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Announces Fourth Quarter and Full Year 2022 Financial and Operational Results. And then, last one here. IRO for a leading small cap digital video advertising technology company that raised $40 million in its August 7, WebLiberty Oilfield Services Inc. But, we had net pricing improvements in Q2; we'll have more in Q3 and more beyond that in Q4, and probably means than more next year. Please go ahead. 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. These accounting adjustments were necessary in applying debt standards that were primarily driven by COVID-19-related losses. Is it more customer-specific or contract terms-specific, or is the macro backdrop kind of a bigger factor? In the second quarter of 2021, revenue increased 5% to $581 million from $552 million in the first quarter, reflecting the combination of increased activity across all U.S. basins, more than offsetting Canadian spring break-up seasonality events. You take two very proud teams with different legacies, different histories, different procedures. View source version on businesswire.com: There is a lot of pull right now; the most important thing about a lot of pull right now is,it accelerates the movement in pricing; still not huge, still going to be phased in, not abrupt; but, there is, -- that's a pull for increase in pricing. 03/09/2022 14:33:57 P EST PUMP) today announced that it will issue its first quarter of 2023 earnings release on Wednesday, May 3, 2023 before the opening of trading.
Consolidated debt was $14.4 billion at Dec. 31, 2021, including $3.9 billion at Phillips 66 Partners. I think -- one, they want their util cost; they came over from adjoining [Indecipherable] ready-to-go position. Type a symbol or company name.
Second quarter adjusted EBITDA would have been $45 million, when we neglect to restore variable compensation one quarter ahead of scheduled pace [Phonetic], due to the impact of [Indecipherable] industry. Again, a great question. The increase was primarily due to higher realized margins and improved volumes, partially offset by higher costs. Trillions will be spent. What's really happening there? So, that's a slow methodical process to lead to improvement and minimize the friction of transition and changing processes. So, you guys have laid out two scenarios, kind of, a slower and faster transition scenario in the Investor Day presentation. We've a little problem with the I/O today, so we apologize if the quality is not up to the usual standard. 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. This transaction effectively completes Liberty's evolution to a fully publicly traded company with owning 1% of shares not trading [Phonetic] in public markets. In Midstream, Phillips 66 Partners began commercial operations of the C2G Pipeline, a 16 inch ethane pipeline that connects its Clemens Caverns storage facility to petrochemical facilities in Gregory, Texas, near Corpus Christi. Income allocated to participating securities, if applicable, in the adjusted earnings per share calculation is the same as that used in the GAAP diluted earnings per share calculation. https://www.businesswire.com/news/home/20220126006020/en/, Jeff Dietert (investors) Just how does that play out over the next couple of quarters with testing? Expanding CPChems propylene splitting capacity by 1 billion pounds per year with a new unit located at its Cedar Bayou facility. It's just -- for us, everything is always bottom-up. A technical development agreement with NOVONIX to accelerate the development of next-generation materials for the U.S. battery supply chain. I think the slow and steady rooms are right at the moment with what we're looking at this year as we put in the partly [Phonetic] created platform to really take advantage of where we are going into the cycle in '22 and '23. There is a number of things. As the price is meaningful enough and the customer is the right customer, we will reactivate. The first one around pricing. All in, we are not yet back to Liberty's usual executional efficiency in the field, but is improving every month. In the press release and obviously in the prepared remarks, you talked about your conversations with customers ongoing about pushing price. It's incredible to see what a difference a year has made. CPChem expects to make a final investment decision for its U.S. Gulf Coast project in 2022. Good morning, everyone, and thank you for joining us to discuss our second quarter 2021 operational and financial results. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. One of the key things we're focusing on this year is really the sort of integration between the frac and wireline systems to reduce downtime and increase completion throughput, as we go through the year. The economic rebound across North America, coupled with supply constraints in the labor force and some supply chains, have led to a rise in inflation and wage growth. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.22. Third-quarter results included a $2 million reduction to equity earnings for pension settlement expense and $1 million of hurricane-related repair costs. So, pricing is coming through not hugely in Q2. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. These costs were partially offset by an $88 million reduction in estimated RIN obligations for the 2020 compliance year and other tax benefits of $11 million. It's continual and it's both inflation pass-throughs and net pricing. Income (Loss) to Adjusted Pre-Tax Income (Loss). Adjusted pre-tax income for Marketing and Other was $402 million in the fourth quarter, a decrease of $52 million from the third quarter. So, on that variable compensation, that really isn't going to step up; that will continue through all quarters going forward. We focus on being disciplined with the timing of basement drilling recovery [Phonetic] balancing second quarter EBITDA and capital expenditures at nearly equivalent basis. The fractionators are supported by long-term commitments. So, look, again, it's technologies and ideas from both sides, both legacy sides of the company. Liberty is headquartered in Denver, Colorado. Costs related to the shutdown of the Alliance Refinery totaled $192 million pre-tax. However, we wanted to broaden the conversation around ESG by going far beyond the narrow focus of our company and asking only how we can reduce negative impacts. I'm humbled by the response this report has garnered. In Marketing, we completed retail investments supporting our product placement strategy. In early next year [Phonetic], it's a great for both sides on the learning, as we say. Liberty Oilfield Services Inc. (LBRT-2.08%) Q4 2020 Earnings Call Feb 5, 2021, 10:00 a.m. There is customer dialogs. Financial Position, Liquidity and Return of Capital. We have capacity, but it's just about the full picture economics for us. Crude utilization rate was 90% and clean product yield was 86% in the fourth quarter. In 2021, Phillips 66 generated $6.0 billion in cash from operations, funded $1.9 billion in capital expenditures, distributed $1.6 billion to shareholders and paid down $1.5 billion in debt. Of course, everything in life has a trade-off. Liberty Oilfield Services reported revenues of $1.23 billion in the last reported quarter, representing a year-over-year change of +79.3%. Adjusted 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. And I'll turn it over to Michael to comment a little bit on reactivation costs. The decrease was primarily due to lower unrealized investment gains related to NOVONIX Ltd., partially offset by inventory impacts. Today, you can download 7 Best Stocks for the Next 30 Days. Our net loss, after-tax, was $52 million. I guess, number one, are the conversations around net pricing increases or just enough pricing to offset inflation? Over the past month, the estimate has changed +0.8%. 10 stocks we like better thanLiberty Oilfield Services Inc.When our award-winning analyst team hasa stock tip, it can pay to listen. I struggle with why more people dont talk positively about our industry, Wright said. 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. It seems like some of your peers have gotten some contracts signed up at least optically good economics. But, there are simple, straightforward things like engine idle reduction, which is a fuel saving technology; but, these are engines you can't just shut off and turn on, so you have to have a smart algorithm about when to shut them off, when to turn them on, and under what environmental conditions. So, I think that combination goes well here. Over the last 30 Contents: Prepared Remarks; Questions and Answers; Call But, yes, the interest for digiFrac, number of hands in air will certainly be well above the number of fleets we will build in the near term. Today, that discovery is still the heart of the Zacks Rank. To make the world smarter, happier, and richer. Energy matters. That's for definitional purposes. And you've spoken repeatedly about just the methodical price increases. So, the more natural gas you're using for energy, for your fleets versus diesel, the lower year fuel costs are.
Exhibit 4.1 . Create your Watchlist to save your favorite quotes on Nasdaq.com. Liberty was not immune from staffing issues and the industry supply chain challenges; for example, trucking shortages. However, the absence of these words does not mean that a statement is not forward-looking. This is the value of owning and developing the technology, to have the motors, the gears, the drivetrain fully integrated into the pump. 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. Then, we had to exclude dropping personnel costs on. Yes, thank you. Some of our comments today may include forward-looking statements, reflecting the company's views about future prospects, revenues, expenses, or profits. Connor, you might be muted, we can't hear anything. 855-841-2368 We might incur probably a couple of million dollars as we move into monobore and some of the next-generation high equipment. A swift economic recovery is leading to strong demand for workers across many industries with not enough folks to fill open positions. For years, it has been, keep our head down and just dont say anything.. Commodity markets remain constructive, as sustained economic expansion drives rising energy demand, while years of relative underinvestment in the energy sector constraints supply outside of OPEC+. Labor intensive industries, right now, are stressed. Final field testing was completed on a three well pad with 24-hour operations in the Delaware Basin. All three will almost certainly hit record highs next year or in 2023. Liberty was recently featured on Military Makeovers Operation Career, a show that travels the country, capturing stories of veterans transitioning out of the military and back to civilian life. Forward-looking statements included in this news release are based on managements expectations, estimates and projections as of the date they are made. Refining had fourth-quarter 2021 pre-tax income of $346 million, compared with a pre-tax loss of $1.1 billion in the third quarter of 2021. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in the fourth quarter, compared with third-quarter adjusted earnings of $1.4 billion. In Chemicals, CPChem progressed a portfolio of growth and optimization opportunities, including expansion of its normal alpha olefins business and propylene splitting capacity. Building partnerships with our customers and understanding what drives their success is what sets Liberty apart when they succeed, we succeed. And then, as you mentioned, the macro is a big part of that too. The effect of these missing workers is causing disruption in many labor intensive sectors of our economy. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Invest better with The Motley Fool. The increase was mainly driven by favorable hedging impacts.
Phillips 66 had $56 billion of assets as of Dec. 31, 2021. We also cover the huge problem of energy poverty and the cost to human well being of rising energy prices, or falling energy reliability. General and administrative expenses totaled $29 million and included $5.9 million of stock-based compensation and $27 million of accounts receivable allowance. 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. There are Increasing amounts of integrations between wireline frac on site, increased number of [Indecipherable] wireline units with customers. These symbols will be available throughout the site during your session.
Other periods are based on the same weighted-average diluted shares outstanding as that used in the GAAP diluted earnings per share calculation. Citigroup, Goldman Sachs, Johnson & Johnson, Walgreens and More Major Earnings This Week 24/7 Wall Street 10/11/20 Permian Basin Adds Oil Drilling Rigs for 2 Straight Weeks Zacks Investment Research 10/06/20 Schlumberger (SLB) Signs MOU With Milaha for Qatar Work Zacks Investment Research 10/01/20 5 Stocks the Insiders How are you guys? As we look forward, we are excited by the core strengths of our business, our geographic diversity, and integrated service offerings, supported by our [Indecipherable] electric pump, digiFrac, and [Indecipherable] fleet next-generation dual fuel equipment, unmatched subset of technologies that drive customer engagement, and the unwavering focus on automation and operational efficiency through [Indecipherable].