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Liberty Energy LBRT Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$1.2BBeat by $94.1M
Adjusted EPS$0.09Beat by $0.01
Revenue estimate$1.1B
EPS estimate$0.08
“The success of our digiPrime platform in the U.S. has translated into a notable milestone, with the upcoming fleet deployment in Canada alongside a key cross-border customer. This demonstrates our ability to scale across North America while reinforcing how continuous technology innovation creates sustainable differentiation across our businesses.”
Ron Gusek

Next report

Oct 15, 2026 (In 3 weeks)
Revenue estimate$1.2B
EPS estimate$0.11

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

as of 09/17/26
See full
Market cap$3.14B+78.4%
Enterprise value$4.2B+79.6%
P/E25.7×+17.5×
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 ratio2×+0.8×

FAQ

When did Liberty Energy report Q2 2026 earnings?
Liberty Energy (LBRT) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Liberty Energy's Q2 2026 revenue and EPS?
Liberty Energy reported revenue of $1.2B and adjusted eps of $0.09 for Q2 2026.
Did Liberty Energy beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.1B by $94.1M. EPS beat the consensus estimate of $0.08 by $0.01.
How did Liberty Energy's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.0% from $1.0B a year earlier.
Where can I find Liberty Energy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001694028-26-000036) and the 10-Q periodic report (0001694028-26-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.