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Liberty Energy Inc. (NYSE:LBRT) is included among the 10 Energy Stocks that Crushed Earnings Estimates in the First Quarter.

Liberty Energy Inc. (NYSE:LBRT) is a major energy industry service provider across North America.

Liberty Energy Inc. (NYSE:LBRT) hit a new high after the company posted an adjusted profit of $0.06 per share in its Q1 report on April 22, crushing the Wall Street estimates of a loss of $0.14 per share. Its revenue also grew by 4.4% YoY to just over $1 billion and topped forecasts by more than $61 million.

The strong performance was driven by the outsized demand for Liberty Energy Inc. (NYSE:LBRT)’s premium completion service offering, outstanding operational execution, and technology-driven efficiency gains. Notably, the company ended the first quarter with record-level output, generating more horsepower hours than ever before in its 15-year operating history.

Liberty Energy Inc. (NYSE:LBRT)’s strong rally was supported by the company guiding for even stronger results in Q2. Liberty is expecting high-single-digit sequential revenue growth in the second quarter on increased utilization, in addition to forecasting the corresponding improvements in profitability.

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