Liberty Energy Inc. (LBRT) Q4 2024 Earnings Call Transcript

Liberty Energy Inc. (NYSE:LBRT) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET

Company Participants

Anjali Voria – Director, IR
Michael Stock – CFO
Ron Gusek – incoming-CEO

Conference Call Participants

Stephen Gengaro – Stifel
Arun Jayaram – JPMorgan
Ati Modak – Goldman Sachs
Scott Gruber – Citigroup
Marc Bianchi – TD Cowen
Saurabh Pant – Bank of America
Daniel Kutz – Morgan Stanley
Waqar Syed – ATB Capital Markets
Tom Curran – Seaport Research
Eddie Kim – Barclays
Keith MacKey – RBC Capital Markets

Operator

Welcome to the Liberty Energy Earnings Conference call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Anjali Voria, Director of Investor Relations. Please go ahead.

Anjali Voria

Thank you, Wyatt. Good morning, and welcome to the Liberty Energy fourth quarter and full year 2024 earnings conference call. Joining us on the call are Ron Gusek, incoming Chief Executive Officer; and Michael Stock, Chief Financial Officer.

Before we begin, I would like to remind all participants that some of our comments today may include forward looking statements reflecting the company’s views about future prospects, revenues, expenses or profits. These matters involve risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These statements reflect the company’s beliefs based on current conditions that are subject to certain risks and uncertainties that are detailed in our earnings release and other public filings.

Our comments today also include non-GAAP financial and operational measures. These non-GAAP measures, including EBITDA, adjusted EBITDA, adjusted net income, adjusted net income per diluted share and cash return on invested capital are not a substitute for GAAP measures and may not be comparable to similar measures of other companies. A reconciliation of net income to EBITDA and adjusted EBITDA, net income to adjusted

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