11/6/2023 0 Comments Natron energy stock ticker symbolDespite racking in record revenues in Q2 2022, Liberty’s costs of revenue were over the roof. I think LBRT's desire to adopt sodium-ion batteries is part of a wider scheme to lower the costs of operations. It explains why Nabors Industries ( NBR), a leader in drilling for offshore oil and natural gas wells invested $7 million in Natron Energy back in July 2022. Unlike lithium-ion batteries-as used by Tesla ( TSLA), cobalt or copper, sodium-ion battery components are in abundance, at a lower cost, and provide for wider distribution. LBRT did not disclose the invested capital in Natron but it was optimistic that the batteries will help it meet its ESG goals. ![]() As an energy-storage solution, the batteries will help provide uninterrupted backup power for Liberty's digiFrac. Speaking about acquisitions and business integration, LBRT announced its investment in Natron Energy for the production of sodium-ion batteries. Liberty hit record fundamentals in Q2 2022 with the first half of 2022 showing how the acquisitions in 2021 were creating value for the company. Gross profit has also increased 373.13% in the six months leading to June 30, 2022, to stand at $228.9 million. Diluted EPS stood at $0.55, beating estimates by more than $0.40. LBRT formerly Liberty Oilfield Services reported an 8.3% gain in revenue (in Q2 2022) at $943 million against analysts' consensus estimates of $870.69 million for the quarter. However, the company is still facing power generation and cost-related headwinds that may slow down the deployment of its two digiFrac fleets later in 2022. Management is also considering an increase in its capital expenditures in North America to raise production and conduct fleet upgrades. ![]() To help curtail the rising costs, the company has maintained environmental, social, and governance (ESG) friendly fleet technologies that provide for the reduction of carbon emissions thereby helping to save fuel. It is working on the premise that the supply of available frac fleets will remain tight throughout 2022 and into 2023. Liberty Energy ( NYSE: LBRT) expects a 10% increase in sequential growth driven largely by fleet reactivations and a modest increase in sales margins. government (that ostensibly offers more subsidies to green projects), oil and gas companies are braving it all. However, despite the pressurized campaigns from shareholders and even from the U.S. They are also required to spend at least 10% of their capital expenditures on low-carbon projects this year alone. Companies such as BP ( BP), Shell ( SHEL ), Chevron ( CVX ), Exxon Mobil ( XOM ), and TotalEnergies ( TTE ) all published green claims in 2021. ![]() The Zacks Consensus Estimate for Vermilion’s 2022 earnings stands at $7.37 per share, which is an increase of approximately 192.4% from the year-ago earnings of $2.52.There have been growing concerns among investors of hydraulic fracturing or fracking companies citing concerns over water management, emission of greenhouse gases, and disclosure of toxic chemicals among others. You can see the complete list of today’s Zacks #1 Rank stocks here. ![]() Some other top-ranked stocks from the energy space that warrant a look include Vermilion Energy VET, BP BP and HF Sinclair DINO, each sporting a Zacks Rank #1 (Strong Buy). Nabors currently has a Zacks Rank #2 (Buy). The American multinational company - active across approximately 20 countries - primarily provides land-based and offshore drilling rigs that serve the oil and gas industry. is one of the largest land drilling contractors in the world, conducting oil, gas and geothermal land drilling operations. He also mentioned that the two companies together would target drilling operations where Nabors has already started to combine energy storage solutions with traditional fuel-powered generators to cut down emissions and fuel consumption. The President, CEO and chairman of Nabors, Anthony Petrello, stated that Natron could offer safe, cost-effective battery solutions for various industrial applications. Natron’s supply chain for materials does not need minerals like lithium, cobalt, copper and nickel, and it leverages existing lithium-ion manufacturing units for production. Natron's batteries, which store sodium ions in electrode materials based on Prussian blue materials, are said to have higher power density and longer service life than other battery technologies.
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