Core Insights - Falcon Oil & Gas Ltd. has successfully completed the stimulation of the Shenandoah S2-2H ST1 well in the Beetaloo Sub-basin, Northern Territory, Australia, in collaboration with joint venture partner Tamboran (B2) Pty Limited [2][7] - The CEO of Falcon expressed optimism regarding the stimulation program, citing strong gas shows and efficient operations by the US operator Liberty Energy, which may enhance the outcomes of the program [2][7] - The company anticipates providing updates on the initial production (IP30) flow test results shortly [2] Company Overview - Falcon Oil & Gas Ltd. is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia [5] - The company is incorporated in British Columbia, Canada, and has its headquarters in Dublin, Ireland [5] - Falcon Oil & Gas Australia Limited is a nearly 98% subsidiary of Falcon Oil & Gas Ltd. [5] Joint Venture Details - The Beetaloo Joint Venture consists of Falcon Oil & Gas Australia Limited holding a 22.5% interest and Tamboran (B2) Pty Limited holding a 77.5% interest [8] - The Shenandoah South Pilot Project encompasses 46,080 acres, with Falcon Oil & Gas Australia Limited holding a 5% interest in the project [8] Stimulation Program Highlights - The stimulation program involved completing 35 stages across a 1,671-meter (5,483-feet) horizontal section of the Amungee Member B-shale using modern stimulation equipment from Liberty Energy [7] - The program achieved five stages over a 24-hour period on multiple days, with an average proppant intensity of 2,706 pounds per foot and wellhead injection rates exceeding 100 barrels per minute [7] - The SS-2H ST1 well is set to be completed ahead of clean-out activities and the commencement of initial flow back and extended production testing [7]

Financial Condition - As of February 3, 2025, the company had $261.0 million outstanding under its ABL Facility, with $93.0 million of remaining availability[143] - As of December 31, 2024, the company had $190.5 million of debt outstanding with a weighted average interest rate of 6.8%[273] - A 1% increase or decrease in the weighted average interest rate would impact interest expense by approximately $1.9 million per year[273] - The company recorded a foreign currency translation loss of $13.7 million for the year ended December 31, 2024, compared to a gain of $1.3 million in 2023[275] Debt and Financing Risks - The company may incur substantial additional debt, which could limit its flexibility in planning and reacting to industry changes[144] - The company may not be able to repurchase shares of its Class A Common Stock due to market volatility and trading fluctuations[162] Operational Risks - Unsatisfactory safety performance could negatively impact customer relationships and revenues, as safety records are crucial for customer retention[145] - The company lacks patents for many key processes and technologies, risking a loss of competitive advantage if trade secrets are compromised[146] - The company operates two sand mines in the Permian Basin, facing risks such as environmental compliance and obtaining necessary permits[152] - The company is subject to stringent health and safety standards under the Federal Mine Safety and Health Act, which could impact operations if not complied with[156] Market and Commodity Risks - Geopolitical conditions, including conflicts and sanctions, could lead to market instability and adversely affect the company's financial condition[159] - The demand for hydraulic fracturing services is heavily influenced by the volatility of U.S. oil and natural gas drilling activities[272] - A material decline in oil and natural gas prices could adversely affect the company's business, financial condition, and cash flows[272] - The company is exposed to commodity price risk related to material and fuel purchases, including diesel fuel and natural gas[274] - The pricing and terms for hydraulic fracturing services are dependent on the supply and demand dynamics in the oil and natural gas industry[271] Currency and Exchange Rate Risks - Changes in exchange rates can affect the company's revenues, earnings, and asset values in its consolidated balance sheet[275] - The company does not currently have or intend to enter into any derivative arrangements to hedge against interest rate fluctuations[273] Vendor Commitments - The company has purchase commitments with vendors for proppant inventory at fixed prices, which include minimum purchase obligations[274]

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PTEN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. My articles, blog posts, and comments on this platform do not constitute investment recommendations, but rather express my personal opinions a ...

Liberty Energy Inc. (LBRT) reported a fourth-quarter 2024 adjusted net income of 10 cents per share, which marginally beat the Zacks Consensus Estimate of 9 cents. The Denver, CO-based oil and gas equipment company's outperformance indicated a year-over-year decrease in costs and expenses.However, the bottom line underperformed the year-ago quarter’s reported figure of 54 cents, due to poor equipment and service execution, along with lower activity.Find the latest EPS estimates and surprises on Zacks Earnin ...

Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.55 per share when it actually produced earnings of $0.45, delivering a surprise of -18. ...

Financial Performance - Full year revenue for 2024 was $4.3 billion, a decrease of 9% from $4.7 billion in 2023[18] - Net income for 2024 was $316 million, or $1.87 fully diluted EPS, down from $556 million and $3.15 EPS in 2023[18] - Adjusted EBITDA for 2024 was $922 million, a 24% decrease from $1.2 billion in 2023[18] - Fourth quarter revenue was $944 million, a 12% decrease from $1.1 billion in Q4 2023[21] - Fourth quarter net income was $52 million, compared to $92 million in Q4 2023[21] - Revenue for the three months ended December 31, 2024, was $943,574,000, a decrease of 12.2% compared to $1,074,958,000 for the same period in 2023[40] - Adjusted EBITDA for the year ended December 31, 2024, was $921,593,000, down 24.0% from $1,213,068,000 in 2023[40] - Net income attributable to Liberty Energy Inc. stockholders for the year ended December 31, 2024, was $316,010,000, a decline of 43.3% from $556,317,000 in 2023[40] - Basic net income per share for the three months ended December 31, 2024, was $0.32, compared to $0.55 for the same period in 2023, representing a decrease of 41.8%[40] - Net income for the year ended December 31, 2024, was $316,010 million, a decrease of 43% compared to $556,408 million in 2023[46] - Adjusted Net Income for the year ended December 31, 2024, was $277,416 million, down from $557,962 million in 2023, reflecting a 50% decline[46] - Net income per diluted share for the year ended December 31, 2024, was $1.87, a decrease from $3.15 in 2023[46] - Adjusted Net Income per Diluted Share for the year ended December 31, 2024, was $1.64, down from $3.16 in 2023[46] Shareholder Returns - The company repurchased 6.3 million shares in 2024, representing 3.8% of shares outstanding, for approximately $127 million[13] - Liberty raised its quarterly cash dividend by 14% to $0.08 per share starting in Q4 2024[5] Operational Highlights - The company expects to deploy an additional 400 MW of power generation by the end of 2026, with deployments commencing later this year[6] - Liberty achieved a record of 7,143 pumping hours on a single fleet in 2024, averaging nearly 600 hours per month[5] Liquidity and Capital Structure - Total liquidity as of December 31, 2024, was $135 million, including cash on hand of $20 million and total debt of $191 million[23] - Total assets increased to $3,296,394,000 as of December 31, 2024, from $3,033,557,000 as of December 31, 2023, reflecting a growth of 8.7%[43] - Capital expenditures for the year ended December 31, 2024, were $627,057,000, an increase of 8.8% compared to $576,389,000 in 2023[40] - Total debt, net of discount, as of December 31, 2024, was $190,500 million, an increase from $140,000 million in 2023[47] Investment Performance - The company reported a net loss on unrealized investments of $49,227,000 for the year ended December 31, 2024[45] - Adjusted Pre-tax Return on Capital Employed for the twelve months ended December 31, 2024, was 17%[47] - Cash Return on Capital Invested for the twelve months ended December 31, 2024, was 21%[49] - Total Gross Capital Invested as of December 31, 2024, was $4,642,640 million, an increase from $3,963,213 million in 2023[49] - Adjusted EBITDA for the year ended December 31, 2024, was $1,213,068 million, compared to $860,267 million in 2023, representing a 41% increase[51] Cost Management - The total operating expenses for the three months ended December 31, 2024, were $918,650,000, a decrease of 3.4% from $951,204,000 in the same period of 2023[40] - The company expects future growth driven by recent acquisitions and improvements in operating procedures and technology[37]

Falcon Oil & Gas Ltd. Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project 24 January 2025 – Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) is pleased to announce the commencement of stimulation campaign at the Shenandoah S2-2H ST1 ("S2-2H ST1") and Shenandoah S2-4H ("S2-4H") wells in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited's ("Falcon") joint venture partner, Tamboran (B2) Pty Limited (collectively the "Beetaloo JV pa ...

Liberty Energy Inc. (LBRT) , a leading provider of hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America, is set to report fourth-quarter earnings on Jan. 29, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 10 cents per share and the same for revenues is pinned at $980.8 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let us delve into the factors that might have influence ...

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 2024. 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 price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, ...

Liberty Energy Inc. (LBRT) and DC Grid have joined forces to create groundbreaking solutions, tailored to meet the evolving demands of industries such as commercial fleet electric vehicle (“EV”) hubs and data centers. This strategic partnership introduces a cutting-edge approach to power generation, leveraging innovative technologies to provide fast, scalable and efficient energy alternatives.Powering the Future With Modular DC TechnologyThe collaboration combines LBRT's extensive experience in power genera ...