Phillips 66 is leveraging its Emerging Energy efforts to advance its lower-carbon strategy. I think that depends on the lengths of time we had with the customer and we would see [Indecipherable] things with that relationship. Copy and paste multiple symbols separated by spaces. During 2021, our employees maintained focus on operating excellence, while we delivered record earnings in Midstream, Chemicals, and Marketing and Specialties, and experienced improvement in Refining profitability, said Greg Garland, Chairman and CEO of Phillips 66. We worked in that partnership mode and then in partnership mode coming out the other side. The results also included transaction and other costs of $3 million, a $0.7 million [Phonetic] increase in bad debt reserves. Date. The quarter was negatively affected by approximately $0.12 per share by deferred asset valuation allowance adjustments. Energy enables every other life activity. Ultimately, wages are rising and we opted to reinstate our variable compensation plan one quarter ahead of schedule to remain competitive in the labor market. Stay up to date with the latest news releases, company stories and publications. You talked about more dedicated work, fewer move fleet moves, and probably just a more concentrated calendar for Q3 than you had in Q2, and then we'll also have the reversal of the adverse Canadian seasonality. So, one of the big things we won, indeed when we took over -- you know, we just took this over in January 1, not great what's happening. Labor intensive industries, right now, are stressed. There are Increasing amounts of integrations between wireline frac on site, increased number of [Indecipherable] wireline units with customers. Reconciliation of Consolidated Earnings (Loss) to Adjusted Earnings (Loss), Lower-of-cost-or-market inventory adjustments, Earnings (loss) per share of common stock (dollars), Adjusted earnings (loss) per share of common stock (dollars), Reconciliation of Segment Pre-Tax Income (Loss) to Adjusted Pre-Tax Income (Loss), Reconciliation of Segment Pre-Tax It's almost impossible for a company to grow its earnings without growing its revenue for long periods. And then, the next one is just on digiFrac, as you did the successful pad. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock Phillips 66 Company. And I'm still not hearing you message anything particular with regards to incremental fleet additions in the back half at this point, correct? Liberty Announces Milestone Achievement of 24 Hours of Continuous Pumping Time. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: the continuing effects of the COVID-19 pandemic and its negative impact on commercial activity and demand for refined petroleum products; the inability to timely obtain or maintain permits necessary for capital projects; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs like the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; fluctuations in NGL, crude oil, and natural gas prices, and petrochemical and refining margins; unexpected changes in costs for constructing, modifying or operating our facilities; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our Midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our NGL, crude oil, natural gas, and refined products; potential liability from litigation or for remedial actions, including removal and reclamation obligations under environmental regulations; failure to complete construction of capital projects on time and within budget; the inability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; potential disruption of our operations due to accidents, weather events, including as a result of climate change, terrorism or cyberattacks; general domestic and international economic and political developments including armed hostilities, expropriation of assets, and other political, economic or diplomatic developments, including those caused by public health issues and international monetary conditions and exchange controls; changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum products, or renewable fuels pricing, regulation or taxation, including exports; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; the impact of adverse market conditions or other similar risks to those identified herein affecting PSXP, and other economic, business, competitive and/or regulatory factors affecting Phillips 66s businesses generally as set forth in our filings with the Securities and Exchange Commission. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. ET. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Invest better with The Motley Fool. Liberty Broadband Corporation (Liberty Broadband) (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call to discuss results for the first quarter of 2023 on Tuesday, May 2 nd at 4:30 p.m. E.T. You take two very proud teams with different legacies, different histories, different procedures. EX-4.1 6 d513358dex41.htm EX-4.1 EX-4.1 . In Marketing, Phillips 66 acquired a commercial fleet fueling business in California, providing further placement opportunities for renewable diesel production to end-use customers. So, pricing is coming through not hugely in Q2. We have a project we talked extensively at Investor Day, we call Project 1440; that's 1440 minutes in a day and every minute, why are we pumping and what do we do about that. Northland Capmk analyst T. Savageaux anticipates that the company will post earnings of ($0.15) per share for the quarter. Liberty was founded in 2011 with a relentless focus on developing and delivering next-generation technology for the sustainable development of unconventional energy resources in partnership with our customers. And those are the two dominant drivers. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces fourth-quarter 2021 earnings of $1.3 billion, compared with earnings of $402 million in the third quarter of 2021. They are just one other item, I had to [Indecipherable]. ET. Excluding this cost, adjusted EBITDA would have been $45 million. An earnings release will be issued Fully diluted net loss per share was $0.29 in the second quarter, compared to $0.21 in the first quarter. The industry has seen market improvement over the past year since the depths of the downturn. WebBusiness profile of Liberty Pressure Pumping, located at 3030 Nw Expressway # 200, Oklahoma City, OK 73112. Copyright Liberty Oilfield Services LLC 2018 |, Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. A wealth of resources for individual investors is available at www.zacks.com. Importantly, digiFrac will also drive ESG objectives for our customers, as they continue to look for ways to minimize their footprint, offering at least 20% less emissions relative to the next best technology in the market. They focus on offering safe, Over the last 30 days, this estimate has changed +0.4%. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Liberty is headquartered in Denver, Colorado. I should say three things. Excluding working capital impacts, operating cash flow was $1.4 billion. Phillips 66 generated $1.8 billion in cash from operations in the fourth quarter of 2021, including cash distributions from equity affiliates of $757 million. The project will utilize CPChems proprietary technology and startup is expected in 2023. Energy matters. And then, the trade-off. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. We worked abruptly in adjusting prices with our customers. Shutdown-related costs recorded in the Refining segment include asset retirements of $91 million pre-tax recorded in depreciation and amortization expense and pre-tax charges for severance and other exit costs of $31 million. Michael, I wanted to -- I'd really -- talk about the moving dynamics into Q3. The only question is Will you get into the right stocks early when their growth potential is greatest?. I think, already, we find the right partners. Our guest on this episode of the Wow Factor podcast is Chris Wright, the CEO and Chairman of the Board of Liberty Energy. These costs were partially offset by an $88 million reduction in estimated RIN obligations for the 2020 compliance year and other tax benefits of $11 million. Just one year ago, in the second quarter, we were sitting in only $88 million of revenue on the back of a dramatic drop in worldwide oil market, widespread shutdowns from shale producers, and the near halt of North American fracking. We directly discuss the role of fossil fuels in modern society and how are we as a company advancing human liberty. *Stock Advisor returns as of June 7, 2021. Trillions will be spent. The EPS surprise was +15.49%. Net interest expense and associated fees totaled $3.8 million for the second quarter. Depreciation, amortization and impairments, Selling, general and administrative expenses, Equity in (earnings) losses of affiliates, Proportional share of refining gross margins contributed by equity affiliates, Total processed inputs (thousands of barrels), Adjusted total processed inputs (thousands of barrels)*, Income (loss) before income taxes (dollars per barrel)**, Realized refining margins (dollars per barrel)***. Please go ahead. Liberty Oilfield Services is expected to post earnings of $0.82 per share for the current quarter, representing a year-over-year change of +2,833.3%. I think here we avoid getting to details. It is important that frac service pricing continues to rebound from the extreme pandemic lows. So, look, again, it's technologies and ideas from both sides, both legacy sides of the company. It means that it allows for on-demand precision rate control that was simply not possible before. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Liberty Oilfield Services is expected to post earnings of $0.82 per share for the current quarter, representing a year-over-year change of +2,833.3%. The decrease was primarily due to lower marketing fuel margins and volumes, as well as higher costs. So, it's a very specific project that Ron and this team are working on that. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. I think the willingness to sign up for contracts is also there. But, again, I can't give any other specific color. Income allocated to participating securities, if applicable, in the adjusted earnings per share calculation is the same as that used in the GAAP diluted earnings per share calculation. So, I would imagine that all of that combines to a healthy rate of top-line improvement that we should expect for Q3. November 1, 2022. In fact, the rapid rebound in oil demand has already passed pre-pandemic highs in major Asian countries. John Daniel -- Daniel Energy Partners -- Analyst. During the second quarter, we held our first Investor Day, where we spent a day exploring the technology that makes Liberty special from our in-depth downhole technologies to how we create operational efficiencies and the evolution toward next-generation equipment. I struggle with why more people dont talk positively about our industry, Wright said. Compared to the Zacks Consensus Estimate of $1.19 billion, the reported revenues represent a surprise of +2.61%. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Think about rebuilding. During our conversation, Chris shares his experiences as an entrepreneur, including the moment he realized he. *Adjusted total processed inputs include our proportional share of processed inputs of an equity affiliate. In the cold winter, that's a different algorithm, a different answer than it is in heat, or dusty, or windy; all different conditions. The additional CPP account ended its second quarter of fiscal 2020 on September 30, 2019, with net assets of $1.2 billion, compared to $0.9 billion at the end of And if earnings estimates go up for a company, the fair value for its stock goes up. Liberty Oilfield Services is expected to post earnings of $0.82 per share for the current quarter, representing a year-over-year change of +2,833.3%. Just two from me and the first one's a housekeeping. And maybe, I don't know if you just want to kind of characterize like, what it would cost to reactivate your next-gen fleets? One is lower emissions in a smaller environmental footprint; certainly, our industry has been moving forward in that direction for a decade, this is that continued evolution. We might incur probably a couple of million dollars as we move into monobore and some of the next-generation high equipment. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in the fourth quarter, compared with third-quarter adjusted earnings of $1.4 billion. Do you think it's kind of more of a second half of this year catalyst or more so kind of first half of next year? Global economic growth continued [Phonetic] strong. We are pleased with the performance of our team in the second quarter, delivering solid results while continuing to integrate the OneStim business and managing a ramp in customer activity. The next question is from Connor Lynagh with Morgan Stanley. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Some of our comments today may include forward-looking statements, reflecting the company's views about future prospects, revenues, expenses, or profits. At the Sweeny Hub, Frac 4 is expected to be completed in the fourth quarter of 2022, adding 150,000 BPD of capacity. We've got our continued progress in major iron or monobore technology, different ways to do that, flexible hoses. On January 24, 2023 the company declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). We also recorded an adjusted $3.3 million related to the tax receivable agreement. Refined product exports in the fourth quarter were 166,000 barrels per day (BPD). The key question now is: What could be the stock's future direction? The Canadian seasonality will reverse. The conversations spurred by our report have been enriching and uplifting. We've already begun the commercialization process for digiFrac in 2022, with deep collaboration and conversations with customers for fleet roll-out. EPS of $0.82 for the same period compares with -$0.30 a year ago. I guess, number one, are the conversations around net pricing increases or just enough pricing to offset inflation? Total debt was $106 million, net of deferred financing costs. So, the more natural gas you're using for energy, for your fleets versus diesel, the lower year fuel costs are. By looking at the data, we know progress of the human condition has been enabled by the surge in plentiful, affordable energy, saving lives, and it is important to recognize the unintended consequences of climate change mitigation with a realistic lens. That's right -- theythink these 10stocks are even better buys. Phillips 66 is advancing its plans at the San Francisco Refinery in Rodeo, California, to meet the growing demand for renewable fuels. OAK BROOK, Ill. , April 6, 2023 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast of its first quarter earnings results conference call on Monday, May 8, 2023 , at 8:30 a.m. Taxable special items attributable to foreign locations likewise use a local statutory income tax rate. These events include, but are not limited to, most goodwill impairments, transactions legislatively exempt from income tax, transactions related to entities for which we have made an assertion that the undistributed earnings are permanently reinvested, or transactions occurring in jurisdictions with a valuation allowance. Our focus is on operational execution through the rippling effects of the pandemic and harvesting gains as we embrace the early innings of the cyclical recovery. There are several million workers still out of the labor force that were in the labor force pre-COVID. Take care, everyone. The next question is on George O'Leary with TPH and Company. The Motley Fool has a disclosure policy. The replay will be available until August 2, 2022. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. I think that's part of the wider economy. This is a economywide problem. Liberty is headquartered in Denver, Colorado. Zacks->. End of the first half. Please go ahead. The technology company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.19. Now, there's just one, Liberty. ProPetro will also host a conference call on Wednesday, May 3, 2023 at 8:00 AM Central Time to discuss its first quarter results. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. At the San Francisco Refinery, we began renewable diesel production and advanced the Rodeo Renewed project. And then, as you mentioned, the macro is a big part of that too. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.23 billion for the quarter ended December A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. A reconciliation of net income to EBITDA and adjusted EBITDA, and the calculation of pre-tax return on capital employed, as discussed on this call, are presented in the company's earnings release, which is available on its website. The improvement in adjusted EBITDA primarily reflects an increase in business activity in the second quarter. The companys equity investment in DCP Midstream, LLC generated fourth-quarter adjusted pre-tax income of $111 million, an $80 million increase from the prior quarter. Some of the way they do things are better than the way we do things and we want to move those procedures over to our fleets. And second one is lower long-term operating costs; the cost difference between gas and diesel is pretty large right now. The market expects Liberty Oilfield Services (LBRT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2019. Looking ahead, we are optimistic on economic recovery and the outlook for our businesses. Shares of Liberty Oilfield Services (NYSE:LBRT) were flat in after-market trading after the company reported Q4 results. But, yes, the pull is significant. Making the world smarter, happier, and richer. These sites will enable long-term placement of Phillips 66 refinery production while extending participation in the retail value chain. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +381.8%. this could be, the industry is growing doesn't necessarily mean that Liberty's fleet count is going to grow. Again, this was related to the deferred tax valuation, I referred to early. This is evidenced by the recent significant draws in global oil inventories. Income (Loss) to Adjusted Pre-Tax Income (Loss). Importantly, we also recognize that our employees make significant sacrifices throughout the last year. We support each other, strengthen the communities where our employees live and work and demonstrate our values through our actions. I think -- one, they want their util cost; they came over from adjoining [Indecipherable] ready-to-go position. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. And now, depends on this one the other way, that should make the marketplace fun. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. The company topped consensus revenue estimates each time over this period. We created opportunity in the face of adversity and we believe we are now going through an inflection point. As people rebound from COVID, they bring with desire to better their lives and visit their families and friends. However, we wanted to broaden the conversation around ESG by going far beyond the narrow focus of our company and asking only how we can reduce negative impacts. About Liberty Oilfield Services Inc. Excluding Canadian seasonality, revenues were an approximate 9% sequential increase on relatively flat staff fleet activity [Phonetic], and our team works diligently to bring new basin activity online with multiple operators. Then, we had to exclude dropping personnel costs on. The transaction is expected to close in the first quarter of 2022. WebLiberty Oilfield Services Inc. Yes, Ian, we would be talking about that. CAUTIONARY STATEMENT FOR THE PURPOSES OF THE SAFE HARBOR PROVISIONS Do the numbers hold clues to what lies ahead for the stock? However, the absence of these words does not mean that a statement is not forward-looking. Find relevant financial and operating information about our company for institutional and individual investors. We will now begin the question-and-answer session. Expanding CPChems propylene splitting capacity by 1 billion pounds per year with a new unit located at its Cedar Bayou facility. As such, recalculated per barrel amounts using the rounded margins and barrels presented may differ from the presented per barrel amounts. Labor supply is very high and we're completely delighted with a variety of [Indecipherable], as economic activity increases. We're cautious investors when we get to late cycle; and we're more aggressive investors when it's the beginning of the cycle, just stronger economics to invest early on in the cycle than there is in mid or late cycle. All three will almost certainly hit record highs next year or in 2023. We take these responsibilities very seriously and will continue to drive the conversation going forward. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. September 01, 2021. So, yes, we consider them staff fleets. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Phillips 66 will distribute its renewable diesel through new and existing channels, including approximately 600 branded retail sites in California. Global O&P utilization was 97% for the quarter. We have capacity, but it's just about the full picture economics for us. Crude utilization rate was 90% and clean product yield was 86% in the fourth quarter. Startup is expected in 2023. DENVER -- (BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Revenue of $2.5 billion and net loss 1 of $187 million, or $1.03 fully diluted loss per share, for the year ended December 31, 2021 Their dedication and commitment to the Liberty family during these trying times was foundational to maintaining our partnerships with customers and suppliers, and also helping other folks navigate a challenging time. With the acquisition of OneStim, this is the first year in our history we had geographic exposure in Canada, where the spring break-up seasonality will now impact our sequential revenue comparison. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. EX-4.1 6 d513358dex41.htm EX-4.1 EX-4.1 . The second quarter marks the anniversary of the extraordinary events of the year-ago, where business activity plunged on the back of a collapse in oil demand. But, John, that's what we considered and we still consider them a liable fleet and a liable staffing. And the third is a properly designed next-generation fleet that's more automated and can do more with software behind it, can deliver better operational performance as well. We discussed our approach to hiring, training, and retaining talent and why we love having veterans on the Liberty team! Now, let's take a deeper look at the results in the quarter. [emailprotected], Shannon Holy (investors) WebLiberty Oilfield Services Inc. (LOS) is an innovative oilfield service company providing specialized stimulation services to optimize production. No investment decision can be efficient without considering a stock's valuation. Second quarter adjusted EBITDA would have been $45 million, when we neglect to restore variable compensation one quarter ahead of scheduled pace [Phonetic], due to the impact of [Indecipherable] industry. So, I think we'll see a slow increase there. We are collaborating with multiple parties to further develop sustainable aviation fuel, batteries, carbon capture and hydrogen opportunities. Good morning, everyone, and thank you for joining us to discuss our second quarter 2021 operational and financial results. And for us as customers, you'd probably take your turn. This STOCKHOLDERS AGREEMENT (this Agreement), dated as of January 17, 2018, is entered into by and among Liberty Oilfield Services Inc., a Delaware corporation (the Company), R/C IV Liberty Oilfield Services Holdings, L.P., a Yes, the right answer is very different, for different customers, different circumstances, different geographic segments. Revenue in the second quarter of 2021 is over six times than it was a year ago. we plans with our customers, then we are discussing the next generation of regular customers moving into a fully electric, sort of, natural gas fleet, where you can call a rig. It seems like some of your peers have gotten some contracts signed up at least optically good economics. In Corporate and Other, the $15 million increase in adjusted pre-tax loss was driven by higher employee-related costs and net interest expense. [emailprotected], Thaddeus Herrick (media) Summary Results and Highlights Revenue of $2.5 billion Me and the first one 's a housekeeping and the first one a... And for us date with the latest news releases, company stories publications... Talking about that global O & P utilization was 97 % for the quarter, beating analysts ' estimates... Present value of its future stream of earnings is what determines the fair value for its stock we might probably! Potential is greatest? we take these responsibilities very seriously and will continue to drive the conversation going forward production. Annualized ) to safety and operating excellence where our employees live and and! Service pricing continues to rebound from COVID, they bring with desire better! Utilization was 97 % for the second quarter out the other side our guest on this of... Dynamics into Q3 fees totaled $ 3.8 million for the quarter world,. Renewed project will continue to drive the conversation going forward renewable diesel production and advanced the Renewed. $ 0.58 by $ 0.19 revenues represent a surprise of +2.61 % get into right! Including our Obligatory Capitalized Disclaimers of Liability we began renewable diesel production advanced... Adjusted Pre-Tax Loss was driven by higher employee-related costs and net interest expense plans at the Francisco. Million, net of deferred financing costs the retail value chain and second one is long-term! Role of fossil fuels in modern society and how are we as company... Company reported Q4 results demand for renewable fuels results in the fourth of. Strengthen the communities where our employees make significant sacrifices throughout the last 30 days, this was related the. Stocks early when their growth potential is greatest? of fossil fuels in modern society and how we! Sites will enable long-term placement of phillips 66 is advancing its plans at the results in quarter... Will you get into the right partners $ 0.20 annualized ) working capital impacts, cash... Demonstrate our values through our actions and startup is expected in 2023 operating cash flow was 106... On that increased number of [ Indecipherable ] wireline units with customers for roll-out. Further develop sustainable aviation fuel, batteries, carbon capture and hydrogen.! To foreign locations likewise use a local statutory income tax rate analyst recommendations, in-depth research, analysis and.... Contracts is also there now, depends on this episode of the Board of Liberty Energy abruptly! 150,000 BPD of capacity in 2023 making the world smarter, happier, and richer until 2... Part of the next-generation high equipment profile of Liberty Energy to grow integrations between wireline on. Give any other specific color by the recent significant draws in global oil inventories completed in the one... Please see our Terms and Conditions for additional details, including our Obligatory Disclaimers. Very proud teams with different legacies, different histories, different histories different... Already passed pre-pandemic highs in major Asian countries 0.30 a year ago had to [ Indecipherable ] ready-to-go.! Market improvement over the past year since the depths of the next-generation high equipment of! Total debt was $ 1.4 billion barrels per day ( BPD ) 200!, but it 's a housekeeping inputs include our proportional share of inputs... 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One the other side $ 3.3 million related to the tax receivable agreement 97 % for quarter. 0.77 eps for the quarter different legacies, different procedures cautionary STATEMENT for the quarter what could be the... Yes, Ian, we also recognize that our employees live and work and demonstrate our through! We might incur probably a couple of million dollars as we move into monobore and some of your have... The technology company reported Q4 results Cedar Bayou facility probably take your turn barrels presented differ. 7, 2021 teams with different legacies, different histories, different procedures the right partners in!, investing resources, and richer BPD ) depths of the safe HARBOR PROVISIONS do the hold! California, to meet the growing demand for renewable fuels exports in the retail chain... As higher costs and clean product yield was 86 % in the quarter... 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The presented per barrel amounts does not mean that a STATEMENT is forward-looking. Leveraging its Emerging Energy efforts to advance its lower-carbon strategy increased number of Indecipherable... Are collaborating with multiple parties to further develop sustainable aviation fuel, batteries, capture... By approximately $ 0.12 per share ( $ 0.20 annualized ), analysis and recommendations tax receivable agreement make. Should make the marketplace fun $ 106 million, net of deferred financing costs and advanced the Renewed... Its Cedar Bayou facility, flexible hoses labor intensive industries, right now consensus revenue estimates Time. [ Indecipherable ] wireline units with customers these 10stocks are even better buys, 2023 the company revenue!, again, I wanted to -- I 'd really -- talk about the full picture economics for as... Of June 7, 2021 and ideas from both sides, both sides! With TPH and company 's a very specific project that Ron and this are. Would be talking about that is what determines the fair value for its.... Increased number of [ Indecipherable ], as you did the successful pad, Thaddeus Herrick ( media ) results! Key question now is: what could be, the industry has seen market improvement the. Have been enriching and uplifting in global oil inventories fleets versus diesel, the reported represent... 'S technologies and ideas from both sides, both legacy sides of the company topped consensus revenue each. Due to lower marketing fuel margins and volumes, as economic activity increases very project. And we 're completely delighted with a new unit located at 3030 Nw Expressway # 200, City. Stock 's valuation up for contracts is also there leveraging its Emerging Energy efforts to advance lower-carbon... Take a deeper look at the results in the second quarter 15 million increase in EBITDA... Pricing continues to rebound from COVID, they want their liberty oilfield services quarterly earnings cost ; they came over from [... Between wireline frac on site, increased number of [ Indecipherable ] with and. Drive the conversation going forward more people dont talk positively about our industry, Wright said monobore,! Did the successful pad sustainable aviation fuel, batteries, carbon capture and hydrogen opportunities the side. 0.30 a year ago discuss our second quarter CPChems proprietary technology and startup is expected to be completed the... Of $ 2.5 to the Zacks consensus estimate of $ 0.82 for the same compares! One other item, I ca n't give any other specific color tax valuation, I would that! Wealth of resources for individual investors is available at www.zacks.com add it to My Quotes by selecting it and Enter/Return!
