Liberty Energy (LBRT) Q2 Earnings Top Estimates, Revenues Lag
LBRTLiberty Energy (LBRT) ZACKS·2024-07-19 20:10

Liberty Energy Inc. (LBRT) reported a second-quarter 2024 adjusted net income of 61 cents per share, which marginally beat the Zacks Consensus Estimate of 60 cents. The Denver-CO-based oil and gas equipment company’s outperformance reflects the impact of strong execution and enhanced fleet utilization. However, the bottom line underperformed the year-ago quarter’s reported figure of 87 cents due to a year-over-year increase in costs and expenses.Revenues totaled $1.16 billion, which missed the Zacks Consens ...