Liberty Energy rises on 'better-than-feared' Q1 results

Shares of oilfield services provider Liberty Energy LBRT.N rise 12.25% to $12.83 in pre-market trade

LBRT posts Q1 adj. EBITDA of $168 mln beating est. of $156 mln, according to data compiled by LSEG

RBC Capital Markets says the beat has positive implications for the stock, "primarily by virtue of being better than feared"

"The better-than-feared results likely have positive read-through implications to North American-weighted drilling and completion companies" - RBC analyst Keith Mackey

For Q2, LBRT expects sequential growth in revenue and profitability from higher utilization

"As global oil markets contend with tariff impacts, geopolitical tensions, and oil supply concerns, North American producers are evaluating a range of macroeconomic scenarios," Liberty says

LBRT adds that the recent pause on tariffs has momentarily eased pressure on the global economy, and in turn, global oil demand concerns

ATB Capital Markets view LBRT's results and Q2 outlook positively

LBRT stock down 42.53% YTD