The following is a summary of the Liberty Energy Inc. (LBRT) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Liberty Energy Inc. reported Q3 revenue of $1.1 billion.

• Adjusted EBITDA for the quarter was $248 million.

• Net income after-tax decreased from $108 million in the prior quarter to $74 million.

• Adjusted net income after-tax was $76 million.

• The company increased its share repurchases to $39 million, reflecting robust capital return programs, including a 14% increase in quarterly cash dividends to $0.08 per share.

Business Progress:

• Liberty Energy has strategically expanded, including entering partnerships to develop the Beetaloo Basin in Australia.

• Launched Liberty Advanced Equipment Technologies (LAET) and introduced proprietary digiPrime pumps.

• Advanced technology in sand handling and delivery for fracking operations through its PropX division.

• Began operations with Liberty Power Innovations for compressed natural gas sales in the DJ Basin.

Opportunities:

• Expanded into innovative business areas such as LAET and sand handling technologies to offer advanced equipment solutions in fracking.

• Opportunities to grow in power generation services for commercial and industrial applications through Liberty Power Innovations.

• Long-term growth potential through heavy investment in next-generation technologies and strategic partnerships in emerging markets like the Beetaloo Basin.

Risks:

• Increased market competition and potential economic fluctuations impacting customer activity and capital spending in energy markets.

• Future energy market uncertainties could affect the balance of supply and demand, influencing service pricing strategies and fleet activity.

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