Latest news with #MichaelStock
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Liberty Energy Inc. Announces Timing of Release of Second Quarter 2025 Financial Results and Conference Call
Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the second quarter ending June 30, 2025, after the market closes on Wednesday, July 23, 2025. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, July 24, 2025. Presenting the Company's results will be Ron Gusek, President and Chief Executive Officer, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 7843160. The replay will be available until July 31, 2025. About Liberty Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit and or contact Investor Relations at IR@
Business Wire
14 hours ago
- Business
- Business Wire
Liberty Energy Inc. Announces Timing of Release of Second Quarter 2025 Financial Results and Conference Call
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT) announced today that it will release its financial results for the second quarter ending June 30, 2025, after the market closes on Wednesday, July 23, 2025. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, July 24, 2025. Presenting the Company's results will be Ron Gusek, President and Chief Executive Officer, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 7843160. The replay will be available until July 31, 2025. About Liberty Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit and or contact Investor Relations at IR@
Business Journals
21-04-2025
- Business
- Business Journals
Oilfield services giant Liberty Energy doesn't expect major tariff impacts, but its sales slow
By submitting your information you are agreeing to our Privacy Policy and User Agreement . Profits and sales revenue fall for the Denver fracking company when compared to this time last year. Denver-based oilfield services company Liberty Energy reported a first-quarter decrease in revenue last week, citing a decrease in its services and materials pricing. In the first three months of 2025, Liberty Energy (NYSE: LBRT) booked $20.1 million in first-quarter profits, a 75% drop in the company's net income compared to the same quarter last year. The company also reported revenue decreased by $95.7 million, a 9% year-over-year drop to $977.5 million. During a quarterly call with investment analysts, Michael Stock, Liberty Energy's chief financial officer, said the company is expecting some, but not massive, impacts from tariffs. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events 'We're expecting modest tariff-related inflationary impacts on engines and other equipment components, some of which are being offset by lower prices or volume discounts," Stock said. "We are also redirecting internationally sourced chemicals to either domestic sources or countries that are less impacted by global tariffs. All said, we don't anticipate a significant direct impact from tariffs at the moment.' The company's decrease in revenues stemmed from a reduction in its service and materials pricing, which Liberty Energy's filing to the U.S. Securities and Exchange Commission said were partially offset by an increase in fleet efficiency. Liberty Energy has 40 active fleets in the oil basins and shale-heavy regions in North America and Australia. The company's number of active rigs decreased throughout 2024 by 5%, according to Liberty Energy CEO Ron Gusek. Per Liberty Energy's SEC filings, most oil and gas producers have set flat or modest production growth for 2025, demand the company expects to meet. Liberty Energy officials also noted natural gas fundamentals are expected to improve with likely increases in liquid natural gas export capacity. The federal government's approach to oil and gas has grown more friendly to the industry, which could help Liberty Energy's bottom line. The Biden Administration paused drilling on federal lands, while the Trump administration appointed Chris Wright, Liberty Energy's founder and former CEO, to serve as U.S. energy secretary. In the first quarter of 2025, West Texas Intermediate crude oil traded at an average of $71.78 per barrel, slightly down from the same period last year at $77.50, but higher than the fourth quarter of 2024 at $70.73 per barrel. Currently, WTI crude oil for delivery in May trades just under $63.50 per barrel so far this week, according to Bloomberg. Liberty Energy's CEO said in a statement that his company's services are in high demand amid simultaneous tariffs and a recently announced strategy by the Organization of the Petroleum Exporting Countries to increase production. 'In recent months, tariff announcements and a more aggressive OPEC+ production strategy have sent ripples across the energy sector. Today, we have excess demand for Liberty services as our customers align themselves with top-tier providers in a clear industry 'flight to quality,'' Gusek said in the first quarter earnings announcement. 'While North American producers have not yet meaningfully changed development plans, we expect our customers to assess a range of scenarios in anticipation of commodity price pressure, and we are staying close to our partners in this dynamic market.' After President Donald Trump unveiled new, steep tariffs on April 2, despite oil and gas export exemptions, Liberty Energy's stock dropped from $16.08 per share to a low of $10. The company has since edged upward, trading at $12.08. On April 4, OPEC+ announced that it would increase oil supply to the market by 411,000 barrels per day in May, a decision that is credited with driving down oil prices.
