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Liberty Energy LBRT Shares (Diluted)

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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%
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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Income tax expense9,15424,13718,45931,943
Net income$43,121$71,016$65,679$91,127
Net income per common share:
Basic$0.26$0.44$0.40$0.56
Diluted$0.26$0.43$0.40$0.55
Weighted average common shares outstanding:
Basic163,016161,865162,534161,901
Diluted167,663164,243165,802165,041

Item 1. Financial Statements (Unaudited)

FAQ

What is Liberty Energy's shares (diluted)?
Liberty Energy (LBRT) reported shares (diluted) of 167.7M in Q2 2026.
How has Liberty Energy's shares (diluted) changed year-over-year?
Liberty Energy's shares (diluted) increased by 2.1% year-over-year, from 164.2M to 167.7M.
What is the long-term trend for Liberty Energy's shares (diluted)?
Over 4 years (2021 to 2025), Liberty Energy's shares (diluted) has grown at a -1.0% compound annual growth rate (CAGR), from 688.1M to 660.5M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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