Liberty Energy Inc Class A

LBRT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Dlgf	Mkrzhsyk

Liberty’s 2021 Market Share Doubled From OneStim Acquisition, but Integration Costs Reduced Margins

Katherine Olexa

Feb 10, 2022

Liberty Oilfield Services posted solid operating results in its fourth-quarter 2021, posting sequential top-line growth of 5% and fourth-quarter operating margins of negative 9%. We intend to incorporate the firm’s financial and operating results shortly, but after this first look our fair value estimate and no moat rating are unchanged.

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