Liberty Energy Inc. (LBRT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to the Liberty Energy Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Anjali Varia, Director of Investor Relations. Please go ahead. Thank you, Allison. Good morning and welcome to the Liberty Energy First Quarter 2025 Earnings Conference Call. Joining us on the call are Ron Gusek, 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 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 relief 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 for diluted share, adjusted pre-tax return on capital employed, and cash return on capital investor are not a substitute for GAAP measures may not be comparable to similar measures of other companies. A reconciliation of net income to EBITDA and adjusted EBITDA, net income to adjusted net income, and adjusted net income per diluted share, and a calculation of adjusted pre-tax return on capital employed and cash return on capital in...