![]() LBRT formerly Liberty Oilfield Services reported an 8.3% gain in revenue (in Q2 2022) at $943 million against analysts' consensus estimates of $870.69 million for the quarter. However, the company is still facing power generation and cost-related headwinds that may slow down the deployment of its two digiFrac fleets later in 2022. Management is also considering an increase in its capital expenditures in North America to raise production and conduct fleet upgrades. To help curtail the rising costs, the company has maintained environmental, social, and governance (ESG) friendly fleet technologies that provide for the reduction of carbon emissions thereby helping to save fuel. It is working on the premise that the supply of available frac fleets will remain tight throughout 2022 and into 2023. Liberty Energy ( NYSE: LBRT) expects a 10% increase in sequential growth driven largely by fleet reactivations and a modest increase in sales margins. government (that ostensibly offers more subsidies to green projects), oil and gas companies are braving it all. ![]() However, despite the pressurized campaigns from shareholders and even from the U.S. They are also required to spend at least 10% of their capital expenditures on low-carbon projects this year alone. Companies such as BP ( BP), Shell ( SHEL ), Chevron ( CVX ), Exxon Mobil ( XOM ), and TotalEnergies ( TTE ) all published green claims in 2021. There have been growing concerns among investors of hydraulic fracturing or fracking companies citing concerns over water management, emission of greenhouse gases, and disclosure of toxic chemicals among others.
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