Liberty Oilfield Services presents at EnerCom’s The Oil & Gas Conference®
Headquartered in Denver, Colorado, Liberty Oilfield Services is a hydraulic fracturing services company that is active in the Permian Basin, DJ Basin, Williston Basin, Eagle Ford Shale and Powder River Basin. Liberty offers high-quality hydraulic fracturing services supported by differentiated technology, with the goal of delivering improved well results for E&P companies.
- Liberty went public in January of this year
- Liberty became well-known in the industry in 2016 when it debuted its “Quiet Fleet™ — These low-noise frac fleets are becoming popular with operators who have fracing operations adjacent to residential neighborhoods and other highly populated areas
Q2 highlights
- Q2 revenue of $628 million and net income of $95 million, or $0.71 fully diluted earnings per share
- Q2 adjusted EBITDA of $149 million and annualized Adjusted EBITDA per average active fleet of $28.0 million
- Revenue of $1.123 billion and net income of $149 million for the six months ended June 30, 2018
- Adjusted EBITDA of $249 million and annualized Adjusted EBITDA per average active fleet of $24.6 million for the six months ended June 30, 2018
Breakout session at the EnerCom conference
During Liberty’s breakout session at the 2018 EnerCom conference, management was asked the following questions:
- Comparing EBITDA per fleet vs competitors’, can you explain your cost structures? What do you think is the biggest driver? Is it related to the basin difference?
- What is your dividend plan for the long term?
- Recent trends of pricing? Current state of the market? Driven by Permian basin or demand/supply? How does that influence the earnings or the dividends?
- How do you think Permian activity demand or supply can change the pricing?
- What is your profitability driver? What gives you confidence that the supply increase would drive the price increase?
- How does Permian takeaway capacity limits influence demand? How does it influence pricing?
- How do you deal with pricing vis-à-vis steady increases in sand demand/sand per job?
- Thoughts on Colorado Initiative 97?
- CapEx plans this year? Is it within cash flow?
You can listen to Liberty Oilfield Services’presentation here.
Courtesy of Liberty Oilfield Services Inc.
