Liberty Energy Inc. has recently released its 10-Q report, providing an in-depth look at the company's financial performance and operations. The company, based in Denver, Colorado, offers hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production companies in North America. Liberty Energy Inc. operates a fleet of approximately 40 active hydraulic fracturing units and two sand mines in the Permian Basin, providing services primarily in major oil and gas shale basins in North America and the Northern Territory of Australia.
In the report, Liberty Energy Inc. discusses its business strategy and technical innovation, emphasizing its focus on providing innovative hydraulic fracturing services, complementary services, and technologies to facilitate lower emission completions. The company has also expanded into the distributed power business through the acquisition of IMG Energy Solutions, aiming to leverage its experience in providing electric power for its digiFrac pumps into other areas inside and outside of the oilfield.
The 10-Q report also outlines recent trends and the outlook for the industry. It notes that oil producers opted to moderate activity, leading to a decrease in revenue and cost of services for the three months ended September 30, 2025, compared to the same period in 2024. The company's revenue decreased by $191.2 million, or 17%, and cost of services decreased by $70.5 million, or 8%. Additionally, the report provides a comparison of the company's results of operations for the three months and nine months ended September 30, 2025, with the corresponding periods in 2024. For the nine months ended September 30, 2025, revenue decreased by $404.2 million, or 12%, and cost of services decreased by $115.3 million, or 5%, compared to the same period in 2024. General and administrative expenses increased by $13.1 million, or 8%, and the company recognized a loss on disposal of assets, net of $7.8 million for the nine months ended September 30, 2025, compared to $6.1 million for the same period in 2024.
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 10-Q report.
