Liberty Energy Inc.
Description
Liberty Energy Inc. provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin. In addition, the company provides services primarily in the Permian Basin, the Williston Basin, the Eagle Ford Shale, the Haynesville Shale, the Appalachian Basin (Marcellus Shale and Utica Shale), the Western Canadian Sedimentary Basin, the Denver-Julesburg Basin (the DJ Basin), and the Anadarko Basin. Liberty Energy Inc. was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. The company was founded in 2011 and is headquartered in Denver, Colorado.
About
CEO
Mr. Christopher A. Wright
Employees
5,500
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Equipment & Services
MIC code
XNYS
Address
950 17th Street, Denver, CO 80202, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 28, 2026 | — | — | — | — |
| Oct 14, 2025 | — | — | — | — |
| Jul 15, 2025 | — | — | — | — |
| Apr 15, 2025 | — | — | — | — |
| Oct 17, 2024 | 0.58 | 0.45 | -0.13 | -22.41% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 7 | 7 | 9 | 6 |
| Average estimate | 0.18 | 0.23 | 1.25 | 1.74 |
| Low estimate | 0.11 | 0.14 | 0.57 | 0.87 |
| High estimate | 0.30 | 0.34 | 3.43 | 3.00 |
| Last year EPS | 0.47 | 0.61 | 1.64 | 1.25 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-81.560%
Next qtr. (Jun 2025)
-76.520%
Current year (Dec 2025)
-64.880%
Next year (Dec 2026)
140.720%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.75B | 4.15B | 2.47B | 965.79M | 1.99B |
| Cost of revenue | 3.77B | 3.47B | 2.51B | 1.04B | 1.79B |
| Gross profit | 977.04M | 677.16M | -41.90M | -72.28M | 203.79M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 221.41M | 180.04M | 123.41M | 84.10M | 97.59M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 755.64M | 497.12M | -165.31M | -156.38M | 106.20M |
| Non operating interest income | |||||
| Income | 1.99M | — | — | 263,000 | 2.80M |
| Expense | 29.49M | 22.72M | 15.60M | 14.77M | 17.49M |
| Other income expense | 6.76M | -74.90M | 3.12M | -20.65M | -2.60M |
| Pretax income | 734.89M | 399.51M | -177.79M | -191.53M | 88.92M |
| Tax provision | 178.48M | -793,000 | 9.22M | -30.86M | 14.05M |
| Net income | 556.41M | 400.30M | -187.00M | -160.67M | 74.86M |
| Basic EPS | 3.24 | 2.17 | -1.03 | -1.36 | 0.54 |
| Diluted EPS | 3.15 | 2.11 | -1.03 | -1.36 | 0.53 |
| Basic average shares | 171.85M | 184.33M | 174.02M | 85.24M | 72.33M |
| Diluted average shares | 171.85M | 184.33M | 174.02M | 85.24M | 72.33M |
| EBITDA | 1.18B | 743.96M | 116.49M | 23.97M | 274.38M |
| Net income from continuing op. | 556.41M | 400.30M | -187.00M | -160.67M | 74.86M |
| Minority interests | -91,000 | -700,000 | 7.76M | 45.09M | -35.86M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.03B | 2.58B | 2.04B | 1.89B | 1.28B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 36.78M | 43.68M | 20.00M | 68.98M | 112.69M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 381.19M | 410.31M | 298.53M | 244.43M | 204.41M |
| Other receivables | 188.94M | 175.70M | 108.92M | 69.52M | 38.87M |
| Inventory | 205.87M | 214.45M | 134.59M | 118.57M | 88.55M |
| Prepaid assets | — | — | 68.33M | 40.93M | 34.83M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 124.14M | 112.53M | 68.33M | — | — |
| Non current assets | |||||
| Properties | 3.01B | 2.25B | 1.85B | 1.44B | 1.19B |
| Land and improvements | 29.38M | 29.28M | 33.81M | 38.35M | 5.40M |
| Machinery furniture equipment | 75.26M | 72.19M | 69.50M | 66.58M | 66.91M |
| Construction in progress | 156.59M | 158.52M | 89.60M | 153.72M | 26.73M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.50B | -1.14B | -863.19M | -622.53M | -455.69M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 158.98M | 117.89M | 82.90M | 87.25M | 34.34M |
| Total liabilities | 1.19B | 1.08B | 810.22M | 579.90M | 501.94M |
| Current liabilities | |||||
| Accounts payable | 293.73M | 326.82M | 288.80M | 193.34M | 117.61M |
| Accrued expenses | 261.07M | 280.68M | 235.12M | 118.38M | 108.95M |
| Short term debt | 67.40M | 39.71M | 40.78M | 44.43M | 39.93M |
| Deferred revenue | — | 3.86M | 4.55M | — | — |
| Tax payable | 17.23M | 2.29M | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 337.91M | 309.21M | 202.86M | 167.16M | 167.30M |
| Provision for risks and charges | 112.47M | 118.87M | 37.56M | 56.59M | 48.48M |
| Deferred liabilities | 102.34M | 1.04M | 563,000 | — | 19.66M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.67M | 1.79M | 1.86M | 1.80M | 1.13M |
| Retained earnings | 752.33M | 234.53M | -155.95M | 23.29M | 143.11M |
| Other shareholders equity | -6.08M | -7.40M | -306,000 | — | — |
| Total shareholders equity | 1.84B | 1.50B | 1.23B | 1.31B | 781.49M |
| Additional paid in capital | 1.09B | 1.27B | 1.37B | 1.13B | 410.60M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | 2.29M | 17.20M | 159.41M | 226.67M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 556.41M | 400.30M | -187.00M | -160.67M | 74.86M | 249.03M | 168.50M | -60.56M | -9.06M |
| Depreciation | 421.51M | 323.03M | 262.76M | 180.08M | 165.38M | 125.11M | 81.47M | 41.36M | 36.44M |
| Deferred Taxes | 118.50M | 63.72M | -13.96M | -25.00M | 23.29M | 20.49M | — | — | — |
| Stock-Based Compensation | 33.03M | 23.11M | 19.95M | 17.14M | 13.59M | 5.45M | — | — | — |
| Other Non-Cash Items | 3.81M | 2.75M | 6.04M | 5.01M | -72,000 | 4.03M | 2.31M | 630,000 | 514,000 |
| Accounts Receivable | -243,000 | -192.13M | -90.14M | 62.69M | -6.00M | 11.98M | -130.23M | -42.97M | 9.29M |
| Accounts Payable | — | — | 164.46M | -15.28M | 21.39M | -26.50M | 112.90M | 38.57M | -47.04M |
| Other Assets & Liabilities | -66.30M | -141.74M | -52.12M | 15.92M | -43.40M | -70.15M | -52.86M | -18.46M | 3.62M |
| Operating Cash Flow | 1.07B | 479.04M | 109.98M | 79.87M | 249.03M | 319.44M | 182.09M | -41.42M | -6.24M |
| Investing Activities | |||||||||
| Capital Expenditures | -603.30M | -459.32M | -211.90M | -103.64M | -195.17M | — | — | — | -38.49M |
| Net Intangibles | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -95.94M | -15.00M | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | -13.11M | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -672.33M | -450.66M | -199.60M | -100.27M | -194.35M | 3.34M | 1.75M | 6.08M | -38.49M |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | — | — | 274.00M | — | — | — | 231.50M | — | 40.00M |
| Long-Term Debt Payments | -1.25B | -624.70M | -265.11M | -13.41M | -13.89M | -92.85M | -216.12M | -91.23M | -58.47M |
| Other Financing Charges | -11.42M | -9.60M | -6.66M | -11.02M | -10.31M | -30.40M | -13.23M | -413,000 | -50,000 |
| Financing Cash Flow | -1.48B | -671.77M | 20.06M | -28.87M | -57.38M | -38.78M | -38.79M | 111.84M | -18.52M |
| Other Cash Details | |||||||||
| End Cash Position | 36.78M | 43.68M | 20.00M | 68.98M | 112.69M | 103.31M | 16.32M | 11.48M | — |
| Income Tax Paid | 66.69M | 10.74M | — | — | 1.04M | 27.26M | — | — | — |
| Interest Paid | 26.65M | 20.31M | 13.27M | 11.22M | 12.64M | 13.96M | 9.77M | 4.73M | 5.03M |
| Free Cash Flow | 411.29M | 71.04M | -76.43M | -18.21M | 65.93M | 92.42M | -116.69M | -143.14M | -32.37M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 10,708,682 | 189.97M | 6.55% |
| Pacer Small Cap U.S. Cash Cows 100 ETF | Oct 31, 2024 | 6,922,583 | 122.81M | 4.24% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 4,808,945 | 85.31M | 2.94% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 4,528,335 | 80.33M | 2.77% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 4,473,554 | 79.36M | 2.74% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,722,072 | 66.03M | 2.28% |
| Fidelity Small Cap Value Fund | Oct 31, 2024 | 3,285,000 | 58.28M | 2.01% |
| Fidelity Series Small Cap Opportunities Fund | Oct 31, 2024 | 2,634,237 | 46.73M | 1.61% |
| Fidelity Stock Selector Small Cap Fund | Oct 31, 2024 | 2,455,878 | 43.57M | 1.50% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,407,227 | 42.70M | 1.47% |
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