Liberty Energy reported $0.06 adjusted EPS, topping forecasts of a $0.14 loss, as revenue rose 4.4% YoY to $1 billion.
Liberty Energy Inc. (LBRT) posted first-quarter adjusted earnings of $0.06 per share, reversing Wall Street expectations of a $0.14 loss. Revenue climbed 4.4% year-over-year to $1 billion, exceeding estimates by $61 million.
The results were driven by strong demand for its completion services, operational efficiency, and record output levels. The company also guided for high-single-digit sequential revenue growth in Q2, supported by higher utilization and improved profitability.
Shares rallied following the report, reflecting investor confidence in the company’s near-term outlook.