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Liberty Energy LBRT Operating Income

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Other financials

Income statement

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Revenue$1.2B+14.0%
Gross profit$208.3M-9.6%
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

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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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Depreciation, depletion, and amortization114,213129,366228,272257,108
(Gain) loss on disposal of assets, net6,5525,631(11,961)8,976
Total operating costs and expenses1,175,8801,005,4482,174,7861,964,737
Operating income12,71637,07334,99455,245
Other (income) expense:
Gain on investments, net(42,913)(68,242)(60,229)(87,530)
Interest expense, net3,35410,16211,08519,705
Total other income, net(39,559)(58,080)(49,144)(67,825)

Item 1. Financial Statements (Unaudited)

FAQ

What is Liberty Energy's operating income?
Liberty Energy (LBRT) reported operating income of $12.72M in Q2 2026.
How has Liberty Energy's operating income changed year-over-year?
Liberty Energy's operating income decreased by 65.7% year-over-year, from $37.07M to $12.72M.
What is the long-term trend for Liberty Energy's operating income?
Over 4 years (2021 to 2025), Liberty Energy's operating income has grown at a -20.4% compound annual growth rate (CAGR), from -$181.22M to $72.71M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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