Liberty Energy Inc. (LBRT)
Liberty Energy Inc. operates across North America, delivering crucial hydraulic fracturing and wireline services, along with associated products, to land-based companies focused on oil and natural gas exploration and production. Its extensive service portfolio encompasses specialized hydraulic fracturing pressure pumping, including both general pressure pumping and pumpdown perforating services. The company also provides advanced wireline solutions, efficient proppant delivery systems, sophisticated data analytics, and a variety of related technologies and supplies. Further augmenting its capabilities, Liberty Energy owns and operates two sand mines strategically located in the prolific Permian Basin. As of the close of 2021, the company maintained approximately 30 active frac fleets. Liberty Energy's primary operational focus is centered in major North American unconventional resource plays, including the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. Originally founded in 2011 as Liberty Oilfield Services Inc., the company officially adopted its current name, Liberty Energy Inc., in April 2022. Its corporate headquarters are situated in Denver, Colorado.
Sector: Oil & Gas Field Services, NEC
Industry: Oil & Gas Equipment & Services
Liberty Energy Inc.
NYSE:LBRTEnergy · Oil & Gas Equipment & Services
+1.37%$15.59
AH Close$15.59+0.00%vs close
AH Close$15.59+0.00%vs close
Mkt Cap$2.54B
Float159.96M
O/S163.19M
Inst Own-
SI10.9%
Div Yield2.31%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.01B
Net Income$147.87M
Total Assets$3.56B
Free Cash Flow$14.11M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$873.37M
Total Equity$2.08B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LBRT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.56B
Liabilities$1.48B
Accounts Receivable$605.37M
Accounts Payable$598.66M
Inventory$188.13M
PP&E (Net)$2.46B
Goodwill$0
Intangible Assets$12.6M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $4.01B | $4.32B | $4.75B | $4.15B | $2.47B | $965.79M | $1.99B | $2.16B | $1.49B | $374.77M | $455.4M |
| YoY Growth | -7.2% | -9.1% | 14.4% | 67.9% | 155.8% | -51.5% | -7.6% | 44.7% | 297.5% | -17.7% | - |
| Cost of Revenue | $3.55B | $3.71B | $3.77B | $3.47B | $2.51B | $1.04B | $1.79B | $1.75B | $1.23B | $396.09M | $429.78M |
| Gross Profit | $457.92M | $609.61M | $977.04M | $677.16M | -$41.9M | -$72.28M | $203.79M | $401.27M | $261.37M | -$21.32M | $25.63M |
| Gross Margin | 11.4% | 14.1% | 20.6% | 16.3% | -1.7% | -7.5% | 10.2% | 18.6% | 17.5% | -5.7% | 5.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $247.44M | $225.47M | $219.32M | $163.03M | $120.66M | $71.9M | $93.09M | $88.95M | $80.09M | $35.79M | $28.77M |
| Other | $129.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $376.63M | $225.47M | $219.32M | $163.03M | $120.66M | $71.9M | $93.09M | $88.95M | $80.09M | $35.79M | $28.77M |
| Operating Income (EBIT) | $81.28M | $384.13M | $757.72M | $514.13M | -$162.56M | -$144.18M | $110.7M | $312.32M | $181.28M | -$57.11M | -$3.14M |
| Operating Margin | 2.0% | 8.9% | 16.0% | 12.4% | -6.6% | -14.9% | 5.6% | 14.5% | 12.2% | -15.2% | -0.7% |
| Interest Expense | $40.31M | $32.69M | $29.49M | $22.71M | $15.6M | $14.77M | $17.48M | $17.14M | $12.64M | $6.13M | $5.5M |
| Interest Income | $0 | $478K | $1.99M | $0 | $0 | $263K | $2.8M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $113.91M | $19.14M | -$22.83M | -$114.62M | -$15.23M | -$47.35M | -$21.78M | -$22.9M | -$12.78M | -$3.45M | -$5.92M |
| Income Before Tax (EBT) | $195.19M | $403.27M | $734.89M | $399.51M | -$177.79M | -$191.53M | $88.92M | $289.42M | $168.5M | -$60.56M | -$9.06M |
| Income Tax Expense | $47.32M | $87.26M | $178.48M | -$793K | $9.22M | -$30.86M | $14.05M | $40.38M | $0 | $0 | $0 |
| Net Income | $147.87M | $316.01M | $556.32M | $399.6M | -$179.24M | -$115.58M | $39M | $126.35M | $0 | $0 | -$9.06M |
| Net Income Margin | 3.7% | 7.3% | 11.7% | 9.6% | -7.3% | -12.0% | 2.0% | 5.9% | - | - | -2.0% |
| Supplementary Data | |||||||||||
| EPS | 0.91 | 1.91 | 3.24 | 2.17 | -1.03 | -1.36 | 1.03 | 1.85 | 3.00 | -0.51 | -0.13 |
| Diluted EPS | 0.89 | 1.87 | 3.15 | 2.11 | -1.03 | -1.36 | 0.71 | 1.07 | 3.00 | -0.51 | -0.08 |
| Weighted Average OS | 161.97M | 165.03M | 171.84M | 184.33M | 174.02M | 85.24M | 72.33M | 68.15M | 68.98M | 56.09M | 67.79M |
| EBITDA | $735.83M | $941.01M | $1.19B | $745.25M | $100.57M | $3.32M | $271.78M | $432.06M | $262.66M | -$13.07M | $32.88M |
| EBITDA Margin | 18.4% | 21.8% | 25.0% | 18.0% | 4.1% | 0.3% | 13.7% | 20.0% | 17.6% | -3.5% | 7.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $27.55M | $19.98M | $36.78M | $43.68M | $20M | $68.98M | $112.69M | $103.31M | $16.32M | $11.48M | -$5.64M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $27.55M | $19.98M | $36.78M | $43.68M | $20M | $68.98M | $112.69M | $103.31M | $16.32M | $11.48M | -$5.64M |
| Accounts Receivable | $605.37M | $539.86M | $587.47M | $586.01M | $407.45M | $338.66M | $252.91M | $247.96M | $258.79M | $128.56M | $87.81M |
| Inventory | $188.13M | $203.47M | $205.87M | $214.45M | $134.59M | $118.57M | $88.55M | $60.02M | $55.52M | $28.14M | $16.46M |
| Other Current Assets | $56.92M | $85.21M | $124.14M | $112.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $877.97M | $848.52M | $954.25M | $956.67M | $630.38M | $567.13M | $488.97M | $461.22M | $352.03M | $174.09M | $107.18M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $2.46B | $2.25B | $1.92B | $1.5B | $1.33B | $1.24B | $760.12M | $627.05M | $494.78M | $277.36M | $189.79M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $12.6M | $0 | $0 | $0 | $7.1M | $54M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $70.84M | $81.04M | $31.65M | $0 | -$7.1M | -$54M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $12.59M | $607K | $5.36M | $59.99M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $135.26M | $119.4M | $127.33M | $105.3M | $82.29M | $81.89M | -$25.65M | $28.23M | $5.3M | $399K | $0 |
| Total Long-Term Assets | $2.68B | $2.45B | $2.08B | $1.62B | $1.41B | $1.32B | $794.46M | $655.28M | $500.07M | $277.75M | $189.79M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.56B | $3.3B | $3.03B | $2.58B | $2.04B | $1.89B | $1.28B | $1.12B | $852.1M | $451.85M | $296.97M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $598.66M | $314.12M | $293.73M | $326.82M | $288.8M | $193.34M | $117.61M | $80.49M | $66.85M | $42.86M | $28.6M |
| Short-Term Debt | $121.69M | $95.22M | $67.39M | $39.71M | $40.78M | $44.42M | $39.93M | $385K | $11K | $12.85M | $22.79M |
| Current Income Tax Payable | $0 | $9.69M | $12.06M | $2.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $3.86M | $4.55M | $0 | $0 | $0 | $9.23M | $0 | $0 |
| Other Current Liabilities | $0 | $170.74M | $165.94M | $192.15M | $174.61M | $90.14M | $78.82M | $116.07M | $119.43M | $72.19M | $18.5M |
| Total Current Liabilities | $720.35M | $666.52M | $639.42M | $649.5M | $569.25M | $356.15M | $266.5M | $219.74M | $220.5M | $131.79M | $75.48M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $496.59M | $190.5M | $140M | $217.43M | $121.44M | $105.41M | $105.73M | $106.14M | $196.35M | $91.08M | $87.32M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $195.6M | $137.73M | $102.34M | $1.04M | $563K | $0 | $79.64M | $32.99M | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$188.21M | $74.89M | $112.47M | $118.87M | $37.55M | $56.59M | $48.48M | $16.82M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $759.06M | $651M | $552.72M | $429.13M | $240.97M | $223.75M | $295.43M | $155.95M | $196.35M | $91.08M | $87.44M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.48B | $1.32B | $1.19B | $1.08B | $810.22M | $579.9M | $561.92M | $375.69M | $416.85M | $222.87M | $162.92M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42.49M | $0 | $0 |
| Common Stock | $1.62M | $1.62M | $1.67M | $1.79M | $1.86M | $1.79M | $1.13M | $1.14M | $392.77M | $228.97M | $134.05M |
| Retained Earnings | $1.11B | $1.02B | $752.33M | $234.53M | -$155.95M | $23.29M | $143.1M | $119.27M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$13.86M | -$19.75M | -$6.08M | -$7.4M | -$306K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $964.52M | $957.73M | $1.09B | $1.26B | $1.37B | $1.13B | $410.6M | $312.66M | $42.49M | $0 | $0 |
| Total Equity | $2.08B | $1.98B | $1.84B | $1.5B | $1.21B | $1.15B | $554.83M | $433.07M | $435.25M | $228.97M | $134.05M |
| Minority Interest | $0 | $0 | $0 | $2.29M | $17.2M | $159.41M | $226.66M | $307.75M | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.56B | $3.3B | $3.03B | $2.57B | $2.02B | $1.73B | $1.12B | $808.76M | $852.1M | $451.85M | $296.97M |
| Supplementary Data | |||||||||||
| Total Debt | $873.37M | $533.61M | $405.31M | $348.92M | $243.63M | $211.58M | $207.23M | $106.52M | $196.36M | $103.92M | $110.23M |
| Net Debt | $845.81M | $513.62M | $368.52M | $305.24M | $223.64M | $142.61M | $94.54M | $3.21M | $180.04M | $92.44M | $115.88M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $147.87M | $316.01M | $556.32M | $399.6M | -$179.24M | -$115.58M | $39M | $126.35M | $168.5M | -$60.56M | -$9.06M |
| Depreciation & Amortization | $500.33M | $505.05M | $421.51M | $323.03M | $262.76M | $180.08M | $165.38M | $125.11M | $81.47M | $41.36M | $36.44M |
| Deferred Income Tax | $54.64M | $33.84M | $120.31M | -$12.47M | $5.08M | -$25.55M | $23.41M | $20.49M | $0 | $0 | $0 |
| Stock-Based Compensation | $41.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$65.6M | $59.46M | -$243K | -$192.13M | -$90.14M | $62.69M | -$6M | $11.98M | -$130.23M | -$42.97M | $9.29M |
| Inventory | $12.02M | $66K | -$114K | -$84.99M | -$24.61M | $2.14M | -$30.48M | -$4.61M | -$27.64M | -$11.69M | $3.73M |
| Accounts Payable | $97.55M | -$40.74M | -$45.13M | $55.93M | $164.46M | -$15.28M | $21.39M | -$26.5M | $112.9M | $38.57M | -$47.04M |
| Other Working Capital | -$43.82M | -$29.52M | -$69.49M | -$59.47M | -$3.36M | $12.88M | -$11.93M | -$32.77M | -$12.61M | -$3.39M | -$109K |
| Total Working Capital Change | $143K | -$10.73M | -$114.98M | -$280.65M | $46.34M | $62.43M | -$27.02M | -$51.9M | -$57.58M | -$19.47M | -$34.13M |
| Other Non-Cash Items | -$135.31M | -$14.8M | $31.42M | $100.86M | $531K | -$16.02M | $60.34M | $131.21M | $2.72M | -$2.04M | $12.87M |
| Net Cash from Operating | $609.6M | $829.37M | $1.01B | $530.36M | $135.47M | $85.36M | $261.1M | $351.26M | $195.11M | -$40.71M | $6.12M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$595.49M | -$651.03M | -$603.3M | -$459.32M | -$198.79M | -$103.64M | -$195.17M | -$258.83M | -$311.79M | -$102.43M | -$38.49M |
| Acquisitions | -$15.21M | $0 | -$95.94M | -$15M | $25.41M | $3.37M | $826K | $3.34M | $1.75M | $6.08M | $0 |
| Purchases of Investments | $0 | -$16.06M | $0 | $0 | -$13.11M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $150.97M | $0 | $0 | $0 | -$25.41M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $24.69M | $23.98M | $26.91M | $23.66M | $25.41M | $0 | $0 | $3.34M | $1.75M | $6.08M | $0 |
| Net Cash from Investing | -$435.04M | -$643.11M | -$672.33M | -$450.66M | -$186.49M | -$100.27M | -$194.35M | -$255.49M | -$310.04M | -$96.35M | -$38.49M |
| Financing Activities | |||||||||||
| Debt Repaid | $64.21M | -$198K | $98.67M | -$88.3M | -$8.89M | $13.41M | $13.89M | $91.05M | -$95.94M | $6.94M | -$21.54M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | -$1.64M | $0 | $230.17M | $39.79M | $155.48M | $0 |
| Common Stock Repurchases | -$24.88M | -$129.25M | -$203.1M | -$125.31M | -$3.58M | $0 | -$18.4M | -$108.8M | -$62.74M | $0 | $0 |
| Dividends Paid | -$54.48M | -$48.31M | -$37.68M | -$9.16M | -$168K | -$4.43M | -$14.78M | -$6.91M | $0 | $0 | $0 |
| Other Financing Activities | -$63.48M | -$25.34M | -$11.2M | $120K | -$3.08M | -$9.38M | -$10.31M | -$32.2M | $86.57M | -$413K | -$50K |
| Net Cash from Financing | -$167.54M | -$202.71M | -$349.31M | -$55.77M | $2.06M | -$28.87M | -$57.38M | -$8.78M | $119.77M | $148.54M | $21.48M |
| Forex Effect | $554K | -$356K | $168K | -$260K | -$9K | $0 | $0 | $0 | $0 | $137.06M | $32.37M |
| Net Change in Cash | $7.57M | -$16.8M | -$6.89M | $23.68M | -$48.98M | -$43.71M | $9.38M | $86.99M | $4.84M | $148.54M | $21.48M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $609.6M | $829.37M | $1.01B | $530.36M | $135.47M | $85.42M | $261.1M | $351.26M | $195.11M | -$40.71M | $6.12M |
| Capital Expenditure | -$595.49M | -$651.03M | -$603.3M | -$459.32M | -$198.79M | -$103.64M | -$195.17M | -$258.83M | -$311.79M | -$102.43M | -$38.49M |
| Free Cash Flow | $14.11M | $178.34M | $411.29M | $71.04M | -$63.33M | -$18.21M | $65.93M | $92.42M | -$116.69M | -$143.14M | -$32.37M |
| Cash at Beginning | $19.98M | $36.78M | $43.68M | $20M | $68.98M | $112.69M | $103.31M | $16.32M | $11.48M | -$137.06M | $10.89M |
| Cash at End | $27.55M | $19.98M | $36.78M | $43.68M | $20M | $68.98M | $112.69M | $103.31M | $16.32M | $11.48M | $32.37M |