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Liberty Energy LBRT Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$1.0BBeat by $62.4MDiluted EPS$0.06Beat by $0.19
Revenue estimate$958.8M
EPS estimate-$0.13

Next report

Oct 15, 2026 (in 3 months)
Revenue estimate$1.2B
EPS estimate$0.10

Financials

Q1 2026

Income statement

See full
Revenue$1.0B+4.5%
Gross profit$177.4M-17.8%
Operating income$22.3M+22.6%
Net income$22.6M+12.2%
EPS (diluted)$0.14+16.7%

Balance sheet

See full
Cash & equivalents$699.1M+2,801%
Total debt$1.6B+155%
Total equity$1.9B-1.3%
Total assets$4.4B+32.4%

Cash flow

See full
Operating cash flow$8.4M-95.6%
CapEx$157.0M+17.2%
Free cash flow-$148.6M-355%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.67B+81.6%
Enterprise value$5.59B+75.7%
P/E31×+20.9×
P/S1.2×+0.5×

Profitability

See full
Gross margin19.7%-4.9pp
Operating margin1.9%-5.0pp
Net margin3.7%-2.3pp

Returns & leverage

See full
Return on equity7.7%-5.5pp
Debt / equity0.8×+0.5×
Current ratio2.2×+1.0×

Versus estimates

Revenue

Q2 2026$1.2BBeat by $94.1M
Q1 2026$1.0BBeat by $62.4M
Q4 2025$1.0BBeat by $156.9MQ3 2025$947.4MMiss by $14.3MQ2 2025$1.0BBeat by $72.7MQ1 2025$977.5MBeat by $29.0M

Diluted EPS

Q2 2026$0.09Beat by $0.01
Q1 2026$0.06Beat by $0.19
Q4 2025$0.05Beat by $0.21Q3 2025-$0.06Miss by $0.00Q2 2025$0.61Beat by $0.45Q1 2025$0.04Beat by $0.01

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Questions, answered.

When did Liberty Energy report Q1 2026 earnings?
Liberty Energy (LBRT) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Liberty Energy's Q1 2026 revenue and EPS?
Liberty Energy reported revenue of $1.0B and diluted EPS of $0.06 for Q1 2026.
Did Liberty Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $958.8M by $62.4M. EPS beat the consensus estimate of $-0.13 by $0.19.
How did Liberty Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.5% from $977.5M a year earlier and diluted EPS grew 50.0% from $0.04.
Where can I find Liberty Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001694028-26-000021) and the 10-Q periodic report (0001694028-26-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.