Liberty Energy Rallies 6.6% on Magnolia’s Q4 Beat and NOV’s Earnings Miss
Liberty Energy shares rose 6.6% after Magnolia Oil & Gas reported Q4 net income of $0.37/share on $318 M revenue, driven by record 103,799 boe/d production. Earlier, NOV Inc. posted Q4 adjusted EPS of $0.02 (vs. $0.25 est.) on $2.3 B revenue, marking a 1.3% year-over-year decline.
1. Magnolia Oil & Gas Q4 Outperformance
Magnolia reported Q4 net income of $0.37 per share, surpassing estimates of $0.36, on revenues of $318 million, beating forecasts of $312 million. The company achieved record production of 103,799 boe/d—up 11.5% year-over-year—driven by higher natural gas output and strong well productivity at its Giddings asset.
2. NOV Inc. Q4 Earnings Shortfall
NOV Inc. posted adjusted Q4 EPS of $0.02, well below the $0.25 consensus, despite revenues of $2.3 billion topping estimates by 4.9%. The Energy Products & Services segment saw a 6.7% revenue decline on weaker drilling activity, while Energy Equipment grew 3.6%, supported by backlog execution.