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Other financials

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%
Free cash flow-$90.8M-375%

Valuation

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Market cap$3.27B+77.1%
Enterprise value$4.33B+78.6%
P/E26.7×+18.2×
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
FCF margin8.1%+0.6pp

Returns & leverage

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

Where this comes from

Reported directly by Liberty Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The source filing: Liberty Energy’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001694028-26-000039
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Initial payment of operating lease liability(632)(992)
Net cash provided by operating activities141,442362,707
Cash flows from investing activities:
Purchases of property and equipment and construction in-progress(380,861)(271,441)
Investment in equity securities(9,696)
Acquisition of IMG Energy Solutions, net of cash received(15,208)
Sales of equity securities80,839
Proceeds from sale of assets25,95116,517

Item 1. Financial Statements (Unaudited)

FAQ

What is Liberty Energy's capex?
Liberty Energy (LBRT) reported capex of $223.86M in Q2 2026.
How has Liberty Energy's capex changed year-over-year?
Liberty Energy's capex increased by 62.8% year-over-year, from $137.51M to $223.86M.
What is the long-term trend for Liberty Energy's capex?
Over 4 years (2021 to 2025), Liberty Energy's capex has grown at a 31.6% compound annual growth rate (CAGR), from $198.79M to $595.49M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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