Category Archives: Liberty

Liberty Resources II LLC, a newly formed Denver-based oil-and-gas company, announced Thursday a $350 million commitment, including $300 million from funds managed by energy equity firm Riverstone Holdings LLC, $50 million from Oakmont Corp. and additional amounts from the company's management team.

Riverstone and Liberty II management previously partnered in Liberty Resources LLC, an oil-and-gas company focused on the Bakken Shale of North Dakota.

The company said that after its formation, Liberty established a land position of about 43,000 net acres and drilled and completed 29 operated wells in the Bakken Shale and Three Forks formations of North Dakota. The majority of Liberty's assets were sold to Kodiak Oil & Gas in July for about $680 million.

Liberty II is led by chairman and CEO Chris Wright, president Mark Pearson, chief financial officer Paul Vitek and other former executives of Liberty.

Among potential areas of focus, Liberty II will likely concentrate its efforts in the Denver-Julesberg Basin, the Powder River Basin and the Permian Basin, said the company.

Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz

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Denver-based Liberty II announces $350 million commitment

Liberty Global plc. (LBTYA) declared disappointing financial results for the third quarter of 2013 as both the top and bottom line significantly lagged the respective Zacks Consensus Estimates. In the reported quarter, the company added 314,000 organic revenue generating units (:RGU), down 1.9% year over year.

Quarterly GAAP net loss was $830.1 million or $2.09 per share compared with a net loss of $22.4 million or 8 cents per share in the prior-year quarter. However, adjusted earnings per share of 9 cents were substantially below the Zacks Consensus Estimate of 46 cents. Quarterly total revenue of $4,371.2 million was up 73.5% year over year, but fell below the Zacks Consensus Estimate of $4,422 million.

Cost of operations was $1,702.9 million, up 98.2% year over year. Operating income was $521.9 million, down 2.5% year over year. Operating margin was 11.9% compared with 20.2% in the year-ago quarter.

During the first nine months of 2013, Liberty Global generated $2,466 million of cash from operations compared with $1,886.2 million in the year-ago period. Free cash flow in the reported period was $665.8 million against $435.5 million in the prior-year quarter.

At the end of the third quarter of 2013, Liberty Global had $5,513.6 million of cash and marketable securities and $43,147.6 million of outstanding debt on its balance sheet compared with $2,989 million and $27,524.5 million, respectively, at the end of 2012.

Subscriber Statistics

As of Sep 30, 2013, Liberty Global had a total of 24,473,800 customers. Out of the total, customer count for European Operations, VTR and Other operations were 23.009 million, 1.1938 million and 0.271 million, respectively. The total Single-Play customer count was 10.825 million, which remained same year over year. The total Double-Play customer count was 3.924 million, up 32.4% year over year. The total Triple-Play customer count was 9.7248 million, up 67.8% year over year.

During the reported quarter, Liberty Global added 314,000 organic RGUs including net gains of 214,000 and 153,000 subscribers for broadband Internet and telephony services respectively, and a net loss of 53,000 subscribers for video services. At quarter end, the company had over 365,000 Horizon TV subscribers in the Netherlands, Switzerland, Ireland and Germany. Liberty Global had more than 1.8 million TiVo Inc. (TIVO)-platform based video subscribers with a quarterly net addition of 165,000 subscribers. Moreover, the company had 4.05 million mobile subscribers.

Segment-wise Results

Total revenue from the European Operations division was $3,947.8 million, up 83.7% year over year. Within this segment, revenues from Western Europe were $3,635.3 million, up 96.9% year over year. Revenues from Central and Eastern Europe were $279.1 million, up 1.9% year over year. Revenues from Central and other operation were $33.4 million, up 15.2% year over year. VTR Chile revenues were $244.8 million, up 1.6% year over year. Corporate and other revenues were $199.8 million, up 32.9% year over year.

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Liberty Global Misses on Q4 Earnings

Sen. Rand Paul Defensive Over Wikipedia Plagiarism at Liberty University
5 Reasons Obama Never, Ever Should Have Trusted the Healthcare Industry: http://www.politicalarticles.net/blog/2013/11/01/5-reasons-obama-never-ever-should-h...

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Sen. Rand Paul Defensive Over Wikipedia Plagiarism at Liberty University - Video

Security and liberty: William #39;Pat #39; Schuber at TEDxFairleighDickinsonUniversity
"Security and Liberty: Is Big Brother Alive and Well?" This TED Talk will examine the issue of the delicate balance between security and liberty by examining...

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Security and liberty: William 'Pat' Schuber at TEDxFairleighDickinsonUniversity - Video

Video highlights VMI Keydets vs. Liberty Flames Football Game Live Updates, Scores
http://WatchFootballOnlineFree.org Youtube highlights VMI Keydets vs. Liberty Flames Football Game Live Updates, Scores. En Vivo November 2, 2013 Saturdaycol...

By: Harriett Tramble

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Video highlights VMI Keydets vs. Liberty Flames Football Game Live Updates, Scores - Video

CJ Miles Sick Statue of Liberty Dunk on Orlando Johnson
Jarrett Jack pushes the ball up ahead to CJ Miles on the fastbreak, and he dunks it on Orlando Johnson. Visit nba.com/video for more highlights. About the NB...

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CJ Miles Sick Statue of Liberty Dunk on Orlando Johnson - Video

LEGO Marvel Super Heroes - Liberty Gameplay + Free Roam (Statue of Liberty Character)
I had a request to show some gameplay with the Statue of Liberty character named "Liberty". She doesn #39;t really have much of an arsenal other than kicking and...

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LEGO Marvel Super Heroes - Liberty Gameplay + Free Roam (Statue of Liberty Character) - Video

The Rundown Live #120: Richard Gage
Listen to The Rundown Live today!! FREE Smartphone Apps: https://itunes.apple.com/us/app/id393387997?mt=8 https://play.google.com/store/apps/details?id=com.t...

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The Rundown Live #120: Richard Gage - Video

Grand Theft Auto 3: Liberty Stories - Gameplay Review Game Trailer Walkthrough [PlayStation Vita]
Check out the Playstation Vita Games Playlist - http://www.youtube.com/playlist?list=PL8wZKON07iXUYb3LMM41CFpjsJ65SRIJu Grand Theft Auto: Liberty City Storie...

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Grand Theft Auto 3: Liberty Stories - Gameplay Review Game Trailer Walkthrough [PlayStation Vita] - Video

2013 U17 Utah Liberty @ the Stick or Treat Tournament on Nov 2nd
This short video showcases Highlights from the U17 Utah Liberty Team as they versus Weber, Wasatch and Mamaci on November 2nd, 2013.

By: Lonnie Ernst

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2013 U17 Utah Liberty @ the Stick or Treat Tournament on Nov 2nd - Video