Liberty Energy (LBRT) Reports 4% Revenue Increase and 10% Share Price Surge

By Bobby Samwell • Thursday, April 17 10:13 • Permanent Link

Liberty Energy Inc. has announced its first quarter 2025 financial and operational results, revealing several key metrics and highlights:

Revenue for the first quarter of 2025 was $977 million, marking a 4% sequential increase from the previous quarter.
Net income for the same period was $20 million, resulting in $0.12 fully diluted earnings per share (EPS).
Adjusted EBITDA stood at $168 million, showing an 8% sequential increase.
Liberty also achieved a 12% TTM adjusted pre-tax return on capital employed (ROCE).
The company distributed $37 million to shareholders through share repurchases and cash dividends.
Liberty repurchased and retired 1.0% of shares outstanding during the first quarter and a cumulative 15.9% of shares outstanding since reinstating the repurchase program in July 2022.
The company expanded its distributed power systems offering with the acquisition of IMG Energy Solutions and successfully tested the latest DigiPrime technology advancement, the industry's first natural gas variable speed pump.

In terms of financial performance, Liberty Energy reported that revenue for the first quarter of 2025 was $977 million, a decrease from $1.1 billion in the first quarter of 2024 and an increase from $944 million in the fourth quarter of 2024. Net income for the first quarter of 2025 was $20 million, compared to $82 million in the first quarter of 2024 and $52 million in the fourth quarter of 2024. Adjusted net income for the first quarter of 2025 was $7 million, down from $82 million in the first quarter of 2024 and up from $17 million in the fourth quarter of 2024. Adjusted EBITDA for the first quarter of 2025 was $168 million, a decrease from $245 million in the first quarter of 2024 and an increase from $156 million in the fourth quarter of 2024.

Looking at the balance sheet and liquidity, as of March 31, 2025, Liberty had cash on hand of $24 million, an increase from the fourth quarter levels, and total debt of $210 million drawn on the secured asset-based revolving credit facility, representing a $20 million increase from the fourth quarter. Total liquidity, including availability under the credit facility, was $164 million as of March 31, 2025.

Liberty Energy's financial performance and operational highlights showcase both areas of growth and challenges as the company navigates market uncertainties and continues to invest in technology innovation and operational efficiency. The market has reacted to these announcements by moving the company's shares 10.0% to a price of $12.57. Check out the company's full 8-K submission here.

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