BUZZ-Liberty Energy slides after unveiling data center power JV

Liberty Energy, Inc. Class A

Liberty Energy, Inc. Class A

LBRT

0.00

** Shares of oilfield services provider Liberty Energy LBRT.N down ~18% at $20.78

** Company announces joint venture with PowerBridge to support planned gigawatt-scale data center campuses, including an initial deployment of over 300 MW targeted for late 2027

** Brokerage Capital Markets cites concerns over the absence of firm end-customer commitments for the power JV

** Company's rising capex estimates for the 3GW buildout and uncertainty in the frac (hydraulic fracturing) business outlook, brokerage says

** Sees liquidity risk as financing depends on contracts and execution risk around the power opportunity

** Company posts second-quarter adjusted EPS of 9 cents, compared with analysts' estimate of 4 cents - data compiled by LSEG

** Including session's move, shares up 12% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.