Liberty Energy (LBRT) Increases Share Buyback to $750M
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Liberty Energy Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results and Increase in Existing Share Repurchase Authorization to $750 Million
January 24, 2024 4:34 PM ESTDENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; Liberty or the Company) announced today full year and fourth quarter 2023 financial and operational results.
Summary Results and Highlights
Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share (EPS), for the year ended December 31, 2023, up 39% and 49%, respectively. EPS grew faster than net income due to reduced share count Adjusted EBITDA2 of $1.2 billion, a 41% increase over the prior year, for the year ended December 31, 2023 Achieved 40% Adjusted Pre-Tax Return on Capital Employed (ROCE)3 and 34% Cash Return on... More