Liberty Energy
Provides hydraulic fracturing, wireline, proppant logistics, and distributed power services across North America.
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Profile
Sells completions services to onshore oil, gas, and enhanced geothermal producers, centered on hydraulic fracturing with wireline, proppant logistics, sand, gas fueling, analytics, and lower-emission technologies. Reports through an integrated North America segment while expanding Liberty Power Innovations into distributed power and energy storage.
Provides completions services to North American onshore oil, natural gas, and enhanced geothermal producers, with hydraulic fracturing at the center. Wireline, proppant delivery, Permian sand operations, field gas processing, compressed natural gas delivery, data analytics, and lower-emission completions technologies round out the service stack.
Adds power through Liberty Power Innovations, which serves commercial, industrial, data center, energy, and mining customers with distributed power, energy storage, power-as-a-service, fueling, grid-interconnected systems, and backup systems. OneStim expanded pressure-pumping scale, PropX deepened sand and logistics, and IMG added distributed-power capabilities.
Segment reporting presents the operating model as integrated and North America-only rather than split by product. Demand depends on onshore exploration and production activity, hydraulic-fracturing regulation, water and wastewater rules, environmental and safety law, customer concentration, cybersecurity, sand mining, silica exposure, and MSHA oversight.
Company facts
Categories
Key statistics
Year to date +0.8% · Average volume (30d) 5.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Target | $34 | $30 |
| Aug 7, 2026 | Goldman Sachs | Target | $31 | $23 |
| Jul 24, 2026 | Morgan Stanley | Target | $35 | $32 |
| Jul 24, 2026 | RBC Capital | Target | $32 | $29 |
| Jul 24, 2026 | Stifel Nicolaus | Target | $37 | $36 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.08 | $0.09 | +5.9% | $1.09B | $1.19B | +8.6% | −21.96% |
| Apr 22, 2026Q1 FY26 | −$0.13 | $0.06 | +146.2% | $958.8M | $1.02B | +6.5% | +9.86% |
| Jan 28, 2026Q4 FY25 | −$0.16 | $0.05 | +131.3% | $881.8M | $1.04B | +17.8% | +16.24% |
| Oct 16, 2025Q3 FY25 | −$0.06 | −$0.06 | −3.6% | $961.7M | $947.4M | −1.5% | +28.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $977.5M | $1.04B | $947.4M | $1.04B | $1.02B | $1.19B | |
| Gross profit | $88.1M | $101.0M | $54.7M | $214.1M | $63.3M | $208.3M | |
| Operating income | $22.3M | $42.7M | −$3.6M | $19.9M | $3.8M | $12.7M | |
| Net income | $20.1M | $71.0M | $43.1M | $13.7M | $22.6M | $43.1M | |
| Diluted EPS | $0.12 | $0.43 | $0.26 | $0.08 | $0.14 | $0.26 | |
| Gross margin | 9.0% | 9.7% | 5.8% | 20.6% | 6.2% | 17.5% | |
| Operating margin | 2.3% | 4.1% | -0.4% | 1.9% | 0.4% | 1.1% |
Fiscal years (4-quarter sums)FY21 $2.47B · FY22 $4.15B · FY23 $4.75B · FY24 $4.32B · FY25 $4.01B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $555.4M · Total debt $1.61B · Total assets $4.49B · Shareholders' equity $1.96B
Dividends
Raised for 3 straight years — most recently to $0.09 from $0.08 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 18 | $0.09 | |
| Mar 4, 2026 | Mar 4 | Mar 18 | $0.09 | |
| Dec 4, 2025 | Dec 4 | Dec 18 | $0.09 | raised from $0.08 |
| Sep 4, 2025 | Sep 4 | Sep 18 | $0.08 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.08 | |
| Mar 6, 2025 | Mar 6 | Mar 20 | $0.08 | |
| Dec 6, 2024 | Dec 6 | Dec 20 | $0.08 | raised from $0.07 |
| Sep 6, 2024 | Sep 6 | Sep 20 | $0.07 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 163.19M · Float 159.64M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 27.55M | 16.88% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 11.16M | 6.84% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 9.42M | 5.77% | 13F | Aug 11, 2026 |
| State Street Corp | 7.07M | 4.33% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 7.07M | 4.33% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Michael Stock | officer: Chief Financial Officer | −3,333 | $20.00 |
| Aug 3, 2026 | Michael Stock | officer: Chief Financial Officer | −3,333 | $17.95 |
| Jul 28, 2026 | Arjun N. Murti | director | +14,053 | $17.79 |
| Jul 1, 2026 | Michael Stock | officer: Chief Financial Officer | −9,999 | $25.89 |
| Jun 2, 2026 | Michael Stock | officer: Chief Financial Officer | −3,333 | $31.00 |
Peers
- Halliburton
Largest pressure-pumping and completions rival across U.S. land
- Patterson-UTI Energy
Major U.S. land completions peer with frac, wireline, and power services
- ProFrac
Vertically integrated frac and proppant peer in U.S. shale
- ProPetro
Permian-focused frac, wireline, cementing, and power-services peer
- RPC
Diversified oilfield-services rival in pressure pumping and wireline
- SLB
Global completions-tech rival with stimulation and wireline overlap
- Baker Hughes
Oilfield-services peer in completions, intervention, measurements, and power
- Caterpillar
Distributed-power rival for natural-gas generation and energy customers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Liberty Energy | $19.12 | +0.47% | $3.10B | 25.6 | 289.3 | 0.7 | +14.0% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| ProFrac | $4.99 | −0.20% | $902.8M | — | — | 0.5 | −0.8% |
| ProPetro | $10.81 | −1.59% | $1.35B | — | 57.2 | 1.2 | −6.2% |
| RPC | $6.40 | −0.08% | $1.42B | 64.3 | 24.6 | 0.8 | +9.5% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Median | 28.0 | 24.6 | 1.3 | +2.2% |