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Liberty Energy LBRT Q2 2025 earnings

Reported July 24, 2025 · After market close

Revenue$1.0BBeat by $72.7MDiluted EPS$0.61Beat by $0.45
Revenue estimate$969.8M
EPS estimate$0.16

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$1.0B-10.1%
Gross profit$230.4M-28.9%
Operating income$37.1M-73.9%
Net income$71.0M-34.5%
EPS (diluted)$0.43-32.8%

Balance sheet

See full
Cash & equivalents$19.6M-34.9%
Total debt$596.4M+13.6%
Total equity$2.0B+5.1%
Total assets$3.4B+6.2%

Cash flow

See full
Operating cash flow$170.6M-31.3%
CapEx$137.5M+1.1%
Free cash flow$33.1M-70.5%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$1.95B-43.8%
Enterprise value$2.53B-36.3%
P/E9×+0.9×
P/S0.5×-0.3×

Profitability

See full
Gross margin23.1%-5.2pp
Operating margin4.6%-8.4pp
Net margin5.3%-4.2pp

Returns & leverage

See full
Return on equity10.9%-13.0pp
Debt / equity0.3×0.0×
Current ratio1.2×-0.2×

Versus estimates

Revenue

Q2 2026$1.2BBeat by $94.1MQ1 2026$1.0BBeat by $62.4MQ4 2025$1.0BBeat by $156.9MQ3 2025$947.4MMiss by $14.3M
Q2 2025$1.0BBeat by $72.7M
Q1 2025$977.5MBeat by $29.0M

Diluted EPS

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

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Questions, answered.

When did Liberty Energy report Q2 2025 earnings?
Liberty Energy (LBRT) reported Q2 2025 earnings on July 24, 2025 after market close.
What were Liberty Energy's Q2 2025 revenue and EPS?
Liberty Energy reported revenue of $1.0B and diluted EPS of $0.61 for Q2 2025.
Did Liberty Energy beat estimates in Q2 2025?
Revenue beat the consensus estimate of $969.8M by $72.7M. EPS beat the consensus estimate of $0.16 by $0.45.
How did Liberty Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.1% from $1.2B a year earlier and diluted EPS grew 0.0% from $0.61.
Where can I find Liberty Energy's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001694028-25-000100) directly on SEC EDGAR. The filing index links above go to sec.gov.