Liberty Energy Inc. (NYSE:LBRT) Q2 2023 Earnings Conference Call July 20, 2023 10:00 AM ET
Company Participants
Anjali Voria - Strategic Finance and Investor Relations Lead
Chris Wright - Chief Executive Officer
Ron Gusek - President
Michael Stock - Chief Financial Officer
Ryan Gosney - Chief Accounting Officer
Conference Call Participants
Derek Podhaizer - Barclays
Keith Mackey - RBC Capital Markets
Luke Lemoine - Piper Sandler
Waqar Syed - ATB Capital Markets
Stephen Gengaro - Stifel
Marc Bianchi - TD Cowen
Scott Gruber - Citigroup
Neil Mehta - Goldman Sachs
Dan Kutz - Morgan Stanley
Arun Jayaram - JPMorgan
Tom Curran - Seaport Research Partners
John Daniel - Daniel Energy Partners
Operator
Welcome to the Liberty Energy Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Anjali Voria, Strategic Finance and Investor Relations Lead. Please go ahead.
Anjali Voria
Thank you, Allison. Good morning and welcome to Liberty Energy’s second quarter 2023 earnings conference call. Joining us on the call are Chris Wright, Chief Executive Officer; Ron Gusek, President; Michael Stock, Chief Financial Officer; and Ryan Gosney, Chief Accounting Officer.
Before we begin, I would like to remind all participants that some of our comments today may include forward-looking statements reflecting the company’s views about future prospects, revenues, expenses or profits. These matters involve risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These statements reflect the company’s beliefs based on current conditions that are subject to certain risks and uncertainties that are detailed in our earnings release and other public filings.
Our comments today also include non-GAAP financial and operational measures. These non-GAAP measures, including EBITDA, adjusted EBITDA and adjusted pre-tax return on capital employed are not a substitute for GAAP measures and may not be comparable to similar measures of other companies. A reconciliation of net income to EBITDA and adjusted EBITDA and the calculation of adjusted pre-tax return on capital employed as discussed on this call are presented in our earnings release, which is available on the Investors section of our website.
I will now turn the call over to Chris.
Chris Wright
Good morning, everyone and thank you for joining us for our second quarter 2023 operational and financial results. We executed on another quarter with strong financial results, and I’m especially proud of our operations team for safely delivering the highest quarterly average daily pumping efficiency in our history, a high bar raised higher.