Liberty Energy Inc. (NYSE: LBRT) has reported its third quarter 2025 financial and operational results, revealing several key metrics and highlights. The company achieved revenue of $947 million, marking a 9% sequential decrease from the previous quarter. Net income for the quarter was $43 million, translating to $0.26 fully diluted earnings per share (EPS). Adjusted EBITDA stood at $128 million, and the company distributed $13 million to shareholders through cash dividends. Notably, Liberty increased its quarterly cash dividend by 13% to $0.09 per share beginning the fourth quarter of 2025.
The company also achieved quarterly record pumping efficiency and tons of sand sold from Liberty mines. Additionally, Liberty launched Forge, its large language model for intelligent asset orchestration, and its total power generation capacity is expected to increase to over one gigawatt through 2027.
Looking at the third quarter results, it's evident that Liberty experienced a decrease in revenue, net income, and adjusted EBITDA compared to the same period in 2024 and the second quarter of 2025. Revenue decreased by 17% from the third quarter of 2024 and 9% from the second quarter of 2025. Net income decreased from $74 million in the third quarter of 2024 to $43 million in the third quarter of 2025. Adjusted EBITDA also saw a 48% decrease from the third quarter of 2024 and a 29% decrease from the second quarter of 2025.
The company's balance sheet and liquidity position as of September 30, 2025, showed cash on hand of $13 million and total debt of $253 million, drawn on the secured asset-based revolving credit facility. Liberty's total liquidity, including availability under the credit facility, was $146 million as of September 30, 2025.
In terms of dividends, Liberty paid a quarterly cash dividend of $0.08 per share of class A common stock during the quarter ended September 30, 2025, totaling approximately $13 million in aggregate to shareholders. The board declared a cash dividend of $0.09 per share of class A common stock on October 14, 2025, to be paid on December 18, 2025.
Liberty Energy Inc. is a leading energy services company, providing completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. The company also owns and operates Liberty Power Innovations LLC, which offers advanced distributed power and energy storage solutions for various industries. Liberty was founded in 2011 and is headquartered in Denver, Colorado. As a result of these announcements, the company's shares have moved -3.24% on the market, and are now trading at a price of $11.94. For the full picture, make sure to review Liberty Energy's 8-K report.
