#Natron energy inc stock free

Today’s commodity prices continue to offer strong returns for E&P operators, even after the decline in oil and gas prices in recent months. Together, these factors are likely to strengthen the demand for secure North American energy. Historically low levels of spare production capacity, worldwide oil and gas commercial inventories, and global strategic petroleum reserves make today’s oil market balance fragile. Myriad supply risks abound from Libya, Nigeria, Iraq and other countries. The impending sanctions on Russian seaborne crude could, however, meaningfully lower global oil supplies. So far Russian oil exports have only been modestly curbed since the Ukraine invasion, as some exports to Europe have been redirected to Asia. OPEC+ preemptive cuts to production quotas are expected to translate into a notable decline in production from key producers including Saudi Arabia and the United Arab Emirates. On the other hand, global supply risks are even larger. A deeper global economic downturn would result in increased demand destruction, further pressuring commodity prices. As we look ahead, risks to the delicate balance in oil and gas markets come from both demand and supply.Ī mild recession likely only modestly impacts the global demand for energy and may already be reflected in prices. Despite these headwinds, oil and gas markets remained tight in the third quarter. Global macroeconomic concerns include rising interest rates, elevated inflation levels, and Chinese Covid lockdowns. In the third quarter, we repurchased 2.5% of outstanding shares and this week we announced the reinstatement of our quarterly cash dividend, matching pre-Covid levels at $0.05 per share,” continued Mr.

#Natron energy inc stock free

“Our strategy is designed to generate superior returns through cycles by maintaining discipline, focusing on reinvesting cash flow at high rates of return and allocating free cash flow to maximize shareholder value. “We are continuing to execute on our disciplined leadership of the frac industry as we seek to drive superior long-term financial results and support our customers to deliver a secure supply of reliable, affordable, and clean energy to the world in a time of global insecurity.”

Our strong customer partnerships, vertically integrated delivery model and the strength of our crew leadership were crucial to quickly bringing new fleets to market while maintaining high levels of efficiency in already working fleets,” commented Chris Wright, Chief Executive Officer.

Our strategic plan to deploy six additional fleets of equipment acquired from the OneStim acquisition to supply the incremental demand of our customer partners was successfully completed ahead of schedule, while navigating challenging labor markets and a volatile supply chain. “We are extremely proud of our team’s strong operational execution that underpinned robust third quarter financial results. Repurchased 2.5% of outstanding shares at an average price of $14.89 per share, or $70 million in totalĮxpanded return of capital program by reinstating quarterly cash dividend of $0.05 per shareĪnnounced investment in Natron Energy, enabling the introduction of sodium-ion batteries as an energy storage solution for digiFrac™ fleets Net income 1 was $147 million, or $0.78 fully diluted earnings per shareĪdjusted EBITDA 2 of $277 million, increased 41% sequentiallyĪchieved record operational performance while deploying additional fleets in support of long-term customer development plans Revenue of $1.2 billion, increased 26% sequentially and 82% year-over-year (NYSE: LBRT “Liberty” or the “Company”) announced today third quarter 2022 financial and operational results.