Liberty Energy (Liberty Energy) EBIT : $655 Mil (TTM As of Mar. 2024)

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What is Liberty Energy EBIT?

Liberty Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $116 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $655 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Liberty Energy's annualized ROC % for the quarter that ended in Mar. 2024 was 14.07%. Liberty Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Liberty Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.38%.

Liberty Energy EBIT Historical Data

The historical data trend for Liberty Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Liberty Energy EBIT Chart

Liberty Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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106.40

-176.76

-162.19

422.22

764.38

Liberty Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															225.49	206.83	205.76	126.30	115.91

Competitive Comparison of Liberty Energy's EBIT

For the Oil & Gas Equipment & Services subindustry, Liberty Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Liberty Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Liberty Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Liberty Energy's EV-to-EBIT falls into.

Liberty Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $655 Mil.

Liberty Energy (NYSE:LBRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Liberty Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	457.092 * ( 1 - 24.43% )	/	( (2424.744	+	2485.494)	/ 2 )
=	345.4244244	/	2455.119
=	14.07 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3033.557	-	572.029	-	( 36.784	-	max(0, 639.424	-	954.254	+	36.784	))
=	2424.744

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3097.619	-	588.337	-	( 23.788	-	max(0, 662.365	-	978.008	+	23.788	))
=	2485.494

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Liberty Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	463.644	/	( ( (1920.327 + max(139.156, 0))	+	(1978.672 + max(146.494, 0)) )	/	2 )
=	463.644	/	( ( 2059.483	+	2125.166 )	/	2 )
=	463.644	/	2092.3245
=	22.16 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(381.185	+	205.865	+	124.135)	-	(572.029	+	0	+	0)
=	139.156

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(429.819	+	210.06	+	94.952)	-	(588.337	+	0	+	0)
=	146.494

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Liberty Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	654.801	/	4258.298
	=	15.38 %

Liberty Energy EBIT Related Terms

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Liberty Energy (Liberty Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Liberty Energy Inc (NYSE:LBRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

950 17th Street, Suite 2400, Denver, CO, USA, 80202

Website

https://www.libertyenergy.com

Liberty Energy is an oilfield services company that provides hydraulic fracturing services—mainly pressure pumping—in major basins throughout North America. Its 2020 acquisition of Schlumberger's OneStim business segment made Liberty one of the largest pressure pumpers in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.

Executives

Christopher A Wright	director, officer: Chief Executive Officer	106 ALTA VISTA AVENUE, MILL VALLEY CA 94941
R Sean Elliott	officer: See Remarks	6565 MACARTHUR BLVD, SUITE 1050, IRVING TX 75039
Ron Gusek	officer: President	950 17TH STREET, SUITE 2000, DENVER CO 80202
Ken Babcock	director	950 17TH STREET, SUITE 2000, DENVER CO 80202
Ryan T Gosney	officer: Chief Accounting Officer	950 17TH STREET, SUITE 2000, DENVER CO 80202
Michael Stock	officer: Chief Financial Officer	950 17TH STREET, SUITE 2000, DENVER CO 80202
Limited/nv Schlumberger	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Audrey Robertson	director	BONANZA CREEK ENERGY, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Riverstone/carlyle Energy Partners Iv, L.p.	director, 10 percent owner	C/O RIVERSTONE HOLDINGS LLC, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Simon Ayat	director	C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
James R Mcdonald	director	13126 CONIFER RD, HOUSTON TX 77079
B.v. Schlumberger	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Holdings Corp	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Technology Corp	10 percent owner	300 SCHLUMBERGER DRIVE, MD 23, SUGAR LAND TX 77478
Brett Staffieri	director	950 17TH STREET, SUITE 2000, DENVER CO 80202