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Liberty Energy

LBRT

Liberty Energy is a leading integrated energy services and technology company specializing in hydraulic fracturing and completions services for onshore oil and natural gas exploration.

Market cap
$3.2B+61.3%
Revenue$4.2B+2.3%
Net income$122.4M-43.5%
Free cash flow-$148.2M-141%
EPS (diluted)$0.74-43.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 15, 2026 (in 3 months)
Revenue estimate$1.2B
EPS estimate$0.09

Financials

Q2 2026

Income statement

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Revenue$1.2B+14.0%
Gross profit$208.3M-9.6%
Operating income$12.7M-65.7%
Net income$43.1M-39.3%
EPS (diluted)$0.26-39.5%

Balance sheet

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Cash & equivalents$555.4M+2,739%
Total debt$1.6B+170%
Total equity$2.0B-3.5%
Total assets$4.5B+30.4%

Cash flow

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Operating cash flow$133.0M-22.0%
CapEx$223.9M+62.8%
Free cash flow-$90.8M-375%

Valuation & ratios

Valuation

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Market cap$3.2B+61.3%
Enterprise value$4.26B+59.2%
P/E26.2×+16.5×
P/S0.8×+0.3×

Profitability

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Gross margin18.5%-4.5pp
Operating margin1.3%-3.3pp
Net margin2.9%-2.4pp

Returns & leverage

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Return on equity6.1%-4.8pp
Debt / equity0.8×+0.5×
Current ratio+0.8×

Competitors

Profile

Liberty Energy is a leading integrated energy services and technology company specializing in hydraulic fracturing and completions services for onshore oil and natural gas exploration. The company provides data-driven completions designs and next-generation technologies focused on reducing emissions and noise at the wellsite. Additionally, the company has expanded into the distributed power sector, providing energy solutions for data centers and industrial applications.

Competitive position

A leading North American completions provider known for technological innovation in electric fracturing and a growing footprint in the distributed power market.

GeographiesUnited States, Canada, Australia
Customer segmentsUpstream Oil & Gas, Hyperscale Data Centers, Industrial Manufacturing
Business modelService-based, Vertically integrated manufacturing, Software as a Service (SaaS), Power as a Service
SuppliersNatural gas and diesel fuel suppliers, Heavy equipment manufacturers, Chemical suppliers, Raw sand and proppant sources
CustomersOnshore E&P companies, Data center operators, Industrial power consumers, Utility providers
Listed2018
Employees5.5K
CEORon Gusek
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Liberty Energy's market cap?
Liberty Energy (LBRT) has a market capitalization of $3.2B and trades on NYSE.
What is Liberty Energy's revenue and profitability?
Liberty Energy generated $4.2B in trailing twelve-month revenue with net income of $122.4M, representing a net margin of 2.9%. Gross margin stands at 18.5%, with free cash flow of -$148.2M. These figures are based on the Q2 2026 filing.
Who are Liberty Energy's competitors?
Liberty Energy's key competitors include ProFrac Holding Corp., ProPetro Services, Inc., Halliburton Company, and others. These companies compete in similar markets and product categories.
Who does Liberty Energy partner with?
Liberty Energy's notable partners include Vantage Data Centers.
What subsidiaries does Liberty Energy have?
Liberty Energy's subsidiaries include Liberty Power Innovations LLC, IMG Energy Solutions, Liberty Advanced Equipment Technologies LLC, and others.
Where is Liberty Energy headquartered?
Liberty Energy is headquartered in United States of America and employs approximately 5,500 people. It has been publicly traded since 2018.