LBRT - Liberty Energy's Competitive Advantages Position It For Strong Growth In 2023 And Beyond
Summary
- Liberty Energy reported strong financial results in 2022, with cash return on capital invested at 31%.
- The company's diversified platform and technology portfolio contributed to its enhanced earnings power, and its profitability potential is expected to continue in the longer duration cycle ahead.
- With the increased transition to natural gas-powered fleets replacing the older generation diesel frac capacity, Liberty is investing to be the technical leader in the next generation of frac fleets.
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Liberty Energy's Competitive Advantages Position It For Strong Growth In 2023 And Beyond