Liberty Energy Inc. has recently released its 10-Q report, providing a detailed overview of its operations and financial performance. 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, the company owned and operated a fleet of approximately 40 active hydraulic fracturing units and two sand mines in the Permian Basin. Liberty Energy provides services primarily in major oil and gas shale basins in North America and the Northern Territory of Australia.
In the report, the company's management discussed its financial condition and results of operations. Liberty Energy outlined its business strategy, focusing on technical innovation and strong customer and supplier relationships. The company emphasized its proactive approach in developing innovative solutions to industry challenges, including databases of U.S. unconventional wells, noise reduction technologies, and hydraulic fracturing fluid systems tailored to specific reservoir properties.
The report also highlighted recent trends and the outlook for the industry. It mentioned that oil producers have moderated activity due to macroeconomic uncertainty, leading to lower industry activity and underutilized fleets in the frac markets, which has driven price pressure, particularly for conventional fleets.
In terms of financial performance, Liberty Energy reported a decrease in revenue for the three months ended September 30, 2025, compared to the same period in 2024. Revenue decreased by $191.2 million, or 17%, primarily due to lower service and materials pricing, along with reduced activity levels. The company also experienced a decrease in net income before income taxes, which declined by $40.9 million for the same period.
For the nine months ended September 30, 2025, Liberty Energy's revenue decreased by $404.2 million, or 12%, compared to the same period in 2024. The decrease in revenue was attributed to lower service and materials pricing, coupled with moderately reduced activity levels. The company reported a net income of $134.2 million for the nine months ended September 30, 2025, representing a significant decrease of $129.9 million compared to the same period in 2024.
Today the company's shares have moved -3.24% to a price of $11.94. For more information, read the company's full 10-Q submission here.
