LBRT · Liberty Energy, Inc. Q2 FY2026 earnings call record财报电话会记录

“Heightened geopolitical risk, damage to regional energy infrastructure, and continued uncertainty surrounding key export corridors have reinforced the strategic importance of North American oil and natural gas resources.”

“and Canadian oil, natural gas, and refined products are becoming increasingly important to meeting global energy needs, supporting a constructive long-term outlook for North American energy.”

“The 16% sequential increase reflected record utilization and a modest pricing uplift along with higher product sales that represented the largest contribution as customers increasingly turned to Liberty's industry-leading ability to source, move, and deliver products at scale.”

“The second quarter tax expense was $9 million, approximately 18% of pre-tax income, and we expect tax expense rate in the remainder of 2026 to be approximately 25% of pre-tax income and do not expect to pay material cash taxes in the year.”

“Second quarter uses of cash included capital expenditures and $15 million in cash dividends.”

“Given the increasing depth of our commercial pipeline, we now anticipate approximately $1.5 billion in capital expenditures in 2026, primarily reflecting an increase in deposit payments to secure long lead time power generation.”

“While the market's a little tighter for equipment, the market for sand and chemical still hasn't resolved itself to any significant degree, so we still continue to see, while higher volume's going through there, challenged margins on that side of things.”

“I think it's something that we can take not only to customers here in the United States and Canada, but also internationally.”

“We have both the incremental growth and demand here onshore North America from a power generation standpoint.”

“We haven't made decisions around a CapEx program for 2027 at this point in time, we'll be working through that with the board, sharing with them our customers' desires and what we think ultimately is going to be a reasonable path forward.”

“Do you think that demand if oil prices stay where they are now and just the outlook stays robust, do you think we could return to the days of take or pay contracts for equipment like digiPrime in 2027?”

“assets and Schlumberger's North American OneStim assets, became a publicly traded company listed on the NYSE, and grew to more than $4 billion in annual revenue.”