Liberty Energy Inc. recently released its 10-Q report, detailing its financial performance and operations for the period. The company, formerly known as Liberty Oilfield Services Inc., provides hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production companies in North America. As of December 31, 2024, the company owned and operated a fleet of approximately 40 active hydraulic fracturing units and two sand mines in the Permian Basin. Additionally, Liberty Energy Inc. offers services primarily in major oil and gas shale basins in North America and the Northern Territory of Australia.
In the report, Liberty Energy Inc. discussed its business strategy and technical innovation, emphasizing its focus on providing innovative hydraulic fracturing services and complementary offerings to facilitate lower emission completions. The company also highlighted its launch of Liberty Power Innovations LLC, an integrated alternative fuel and power solutions provider for remote applications, and its acquisition of IMG Energy Solutions, a leading developer of distributed power systems.
The report also discussed recent trends and outlook in the industry, noting that oil producers have opted to moderate activity in response to macroeconomic uncertainty. The company expects improving frac fundamentals later in 2026, assuming supportive commodity prices, and highlighted increasing demand for power generation and AI compute load as long-term growth opportunities.
In terms of financial performance, Liberty Energy Inc. 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 company attributed this decline primarily to a decrease in service and materials pricing, along with reduced activity levels. Additionally, for the nine months ended September 30, 2025, revenue decreased by $404.2 million, or 12%, compared to the same period in 2024, again due to a decrease in service and materials pricing alongside moderately reduced activity levels.
Cost of services (exclusive of depreciation, depletion, and amortization), general and administrative expenses, depreciation, depletion, and amortization expenses, and other income and expenses were also detailed in the report, providing a comprehensive overview of the company's financial performance during the specified periods.
The report provides a detailed breakdown of the company's financial results, offering investors and stakeholders valuable insights into Liberty Energy Inc.'s operations and financial health. Following these announcements, the company's shares moved -3.24%, and are now trading at a price of $11.94. If you want to know more, read the company's complete 10-Q report here.
