Liberty Energy Inc. has recently released its 10-Q report, providing a detailed view of its financial performance and operations. The company, formerly known as Liberty Oilfield Services Inc., offers hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production companies in North America. As of December 31, 2024, Liberty Energy operated a fleet of approximately 40 active hydraulic fracturing units and two sand mines in the Permian Basin. The company's services primarily cover major oil and gas shale basins in North America and the Northern Territory of Australia.
In the report, Liberty Energy discussed its business strategy and technical innovation, emphasizing its focus on providing innovative hydraulic fracturing services and complementary solutions, including wireline services, proppant delivery, field gas processing, compressed natural gas delivery, and data analytics. The company also highlighted its launch of Liberty Power Innovations LLC, an integrated alternative fuel and power solutions provider for remote applications, and the acquisition of IMG Energy Solutions, a leading developer of distributed power systems.
The report detailed the company's recent trends and outlook, highlighting the impact of macroeconomic uncertainty on oil producers and the expected peak in global oil oversupply during the first half of 2026. Liberty Energy also discussed the increasing demand for power generation and AI compute load, as well as the challenges faced by the grid due to increased intermittent generation and lack of investment in transmission infrastructure.
In terms of financial performance, Liberty Energy reported a decrease in revenue of $191.2 million, or 17%, for the three months ended September 30, 2025, compared to the same period in 2024. The decrease was primarily attributed to lower service and materials pricing, along with reduced activity levels. Additionally, the company's operating income showed a significant decline, recording a loss of $2.4 million for the same period, compared to an income of $107.3 million in 2024.
For the nine months ended September 30, 2025, Liberty Energy reported a 12% decrease in revenue, amounting to $404.2 million, compared to the same period in 2024. The company's operating income also saw a substantial decline, reaching $52.8 million for the nine months ended September 30, 2025, compared to $364.5 million in 2024.
The report also provided a detailed breakdown of the company's cost of services, general and administrative expenses, depreciation, depletion, and amortization expenses, as well as other income and expenses for the respective periods.
The market has reacted to these announcements by moving the company's shares -3.24% to a price of $11.94. For the full picture, make sure to review Liberty Energy's 10-Q report.
