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Liberty Energy LBRT Q2 2024 earnings

Reported July 17, 2024 · After market close

Revenue estimate$1.2B
EPS estimate$0.59

Next report

Oct 15, 2026 (in 3 months)
Revenue estimate$1.2B
EPS estimate$0.10

Financials

Q2 2024

Income statement

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Revenue$1.2B-2.9%
Gross profit$324.1M-10.4%
Operating income$141.8M-31.3%
Net income$108.4M-29.0%
EPS (diluted)$0.64-26.4%

Balance sheet

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Cash & equivalents$30.0M-5.1%
Total debt$525.0M+22.4%
Total equity$1.9B+15.7%
Total assets$3.2B+10.8%

Cash flow

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Operating cash flow$248.2M+3.2%
CapEx$136.0M-14.6%
Free cash flow$112.2M+38.0%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$3.47B+53.1%
Enterprise value$3.97B+48.8%
P/E8.1×+4.4×
P/S0.8×+0.3×

Profitability

See full
Gross margin28.2%-0.2pp
Operating margin13%-3.7pp
Net margin9.5%-3.1pp
FCF margin8.5%+2.0pp

Returns & leverage

See full
Return on equity23.9%-17.1pp
Debt / equity0.3×0.0×
Current ratio1.3×-0.1×

Versus estimates

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Questions, answered.

When did Liberty Energy report Q2 2024 earnings?
Liberty Energy (LBRT) reported Q2 2024 earnings on July 17, 2024 after market close.
What were Liberty Energy's Q2 2024 revenue and EPS?
Liberty Energy reported revenue of $1.2B and diluted EPS of $0.61 for Q2 2024.
Did Liberty Energy beat estimates in Q2 2024?
Revenue missed the consensus estimate of $1.2B by $3.7M. EPS beat the consensus estimate of $0.59 by $0.02.
Where can I find Liberty Energy's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001694028-24-000082) directly on SEC EDGAR. The filing index links above go to sec.gov.