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LBRT

Liberty Energy Inc.

LBRT

Liberty Energy Inc. • NYSE
$17.78 ▲ 0.28% (+0.05)
Market Cap $2.88 B
52w High $23.58
52w Low $9.50
Dividend Yield 0.36%
P/E 15.73
Volume 1.42M
Outstanding Shares 161.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $947.397M ▼ $58.284M ▼ $43.055M ▼ 4.545% ▼ $0.27 ▼ $188.915M ▼
Q2-2025 $1.043B ▲ $58.344M ▼ $71.016M ▲ 6.812% ▲ $0.44 ▲ $234.681M ▲
Q1-2025 $977.461M ▲ $65.775M ▲ $20.111M ▼ 2.057% ▼ $0.12 ▼ $165.202M ▼
Q4-2024 $943.574M ▼ $56.174M ▼ $51.893M ▼ 5.5% ▼ $0.32 ▼ $198.631M ▼
Q3-2024 $1.139B $58.614M $73.804M 6.482% $0.45 $230.946M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.454M ▼ $3.503B ▲ $1.434B ▲ $2.07B ▲
Q2-2025 $19.563M ▼ $3.441B ▲ $1.406B ▲ $2.035B ▲
Q1-2025 $24.1M ▲ $3.356B ▲ $1.382B ▲ $1.974B ▼
Q4-2024 $19.984M ▼ $3.296B ▲ $1.318B ▲ $1.979B ▲
Q3-2024 $23.012M $3.273B $1.304B $1.969B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $43.055M ▼ $51.456M ▼ $-113.034M ▼ $55.495M ▲ $-6.109M ▼ $-67.209M ▼
Q2-2025 $71.016M ▲ $170.589M ▼ $-83.118M ▲ $-92.234M ▼ $-4.537M ▼ $33.078M ▼
Q1-2025 $20.111M ▼ $192.118M ▲ $-106.175M ▲ $-81.849M ▼ $4.116M ▲ $58.188M ▲
Q4-2024 $51.893M ▼ $177.292M ▼ $-188.148M ▼ $8.099M ▲ $-3.028M ▲ $-26.2M ▼
Q3-2024 $73.804M $244.495M $-162.835M $-88.816M $-7.031M $77.904M

Five-Year Company Overview

Income Statement

Income Statement Liberty has moved from clear losses a few years ago to solid profitability, helped by a big ramp in activity and improved pricing. Revenue has grown strongly since the industry downturn, though it dipped a bit most recently, and profit margins have narrowed from their peak but remain clearly positive. Earnings are no longer volatile quarter-to-quarter in the way they once were, suggesting better cost control and a more efficient fleet. That said, results are still tied to drilling and completion activity, so shifts in oil and gas prices, customer budgets, and pricing pressure in frac services can quickly change the earnings picture.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than it did a few years back, with the asset base and shareholder equity both building over time. Debt has risen in absolute terms but remains moderate relative to the size of the business, indicating a manageable leverage profile rather than an aggressive one. Cash on hand is quite lean, which is typical for a services company but means Liberty relies heavily on ongoing cash generation and access to credit. Overall, the company appears financially sound, but it does not have a large cash cushion if industry conditions suddenly weaken.

Cash Flow

Cash Flow Liberty has turned itself into a strong cash generator, with operating cash flow comfortably covering its spending needs in recent years. Free cash flow has shifted from negative during the weak market period to solidly positive more recently, even as the company pours money into new equipment and technology. Capital spending is sizable, reflecting the push into advanced frac fleets and power solutions, so free cash flow will fluctuate with how aggressive that investment pace remains. The pattern suggests a business that can fund growth internally in good markets, but where cash outlays will need careful pacing if conditions soften.

Competitive Edge

Competitive Edge Liberty’s competitive position is anchored in a technology-first approach and deep vertical integration across the completions supply chain. Its electric and natural-gas-based frac systems, along with advanced data and automation tools, directly target customer needs for lower costs, higher efficiency, and reduced emissions—differentiating it from more traditional service providers. Owning pieces of the fuel, sand, logistics, and equipment manufacturing stack helps Liberty control costs and reliability, and makes it easier to offer bundled, turnkey solutions. However, the company still competes in a fragmented, cyclical market where large oilfield service rivals, customer bargaining power, and swings in activity can pressure pricing and fleet utilization.

Innovation and R&D

Innovation and R&D Innovation is a clear centerpiece of Liberty’s strategy. The digiFrac and digiPrime platforms, predictive maintenance tools, and cloud-based analytics system show a sustained push to make hydraulic fracturing cleaner, quieter, and more efficient. Vertical integration through businesses like Liberty Power Innovations and its proppant and equipment units helps speed up testing and deployment of new technologies, and a sizeable patent portfolio reinforces this edge. The move into power generation, plus small stakes in next-generation nuclear and geothermal players and recent international expansion, indicate a willingness to look beyond traditional frac services—but these newer areas still need to prove they can scale profitably and withstand their own competitive and regulatory risks.

Summary

Overall, Liberty has transitioned from a cyclical service provider struggling through a downturn to a profitable, tech-forward energy services and power platform. Profitability and cash generation have improved markedly, supported by better margins and disciplined operations, while the balance sheet remains reasonably conservative. The company’s focus on electric and gas-powered fleets, data-driven operations, and control over key inputs provides a tangible edge and aligns with customers’ cost and environmental goals. At the same time, Liberty remains exposed to the ups and downs of oil and gas activity, capital-intensive growth plans, and the execution risk of building out a new power business. How well it sustains margins in weaker cycles and delivers on its power and international ambitions will be key drivers of its long-term financial profile.

NEWS

October 29, 2025 · 9:14 AM UTC

Liberty Energy Inc. Announces Dual Listing on NYSE Texas

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October 16, 2025 · 5:19 PM UTC

Liberty Energy Inc. Announces Third Quarter 2025 Financial and Operational Results

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October 16, 2025 · 4:30 PM UTC

Liberty Energy Inc. Appoints Alice Yake (Jackson) to Its Board of Directors

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October 14, 2025 · 4:30 PM UTC

Liberty Energy Inc. Announces 13% Increase in Quarterly Cash Dividend

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October 8, 2025 · 12:05 AM UTC

Liberty Energy Inc. Announces Timing of Release of Third Quarter 2025 Financial Results and Conference Call

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