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Companies / Energy / Liberty Energy Inc.
LBRT

Liberty Energy Inc.

EnergyMining
Ticker LBRTDENVER, COFiscal year ends DecemberBook value per share $11.84Diluted shares 165.8M

Liberty Energy Inc. (NYSE: LBRT) operates as a leading integrated energy services and technology company specializing in innovative completions services for onshore oil, natural gas, and enhanced geothermal exploration and production companies. The company's website is www.libertyenergy.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.01B
−7.2% year over year
Last 12 mo $4.20B
1.81%
−7.2 percentage points
Last 12 mo 1.25%
$147.87M
−53.2% year over year
Last 12 mo $122.42M
7.11%
−8.9 percentage points
Last 12 mo 6.23%
Cash & financing
$609.60M
−26.5% year over year
Last 12 mo $388.33M
$14.10M
−92.1% year over year
Last 12 mo $-316.58M
0.27
Was 0.23× a year earlier
Last 12 mo 0.79
165.4M
−2.4% year over year
Last 12 mo 165.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Liberty Energy Inc. does

In the company’s own words

Liberty Energy Inc. (NYSE: LBRT) operates as a leading integrated energy services and technology company specializing in innovative completions services for onshore oil, natural gas, and enhanced geothermal exploration and production companies. The company's website is www.libertyenergy.com.

Liberty provides comprehensive hydraulic fracturing services alongside complementary offerings including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, sand mine operations, and technologies designed to facilitate lower-emission completions. The company operates approximately 40 active hydraulic fracturing fleets and maintains a single reportable business segment focused on completions services across North America, with operations spanning all major shale basins including the Permian Basin, Williston Basin, Haynesville Shale, Eagle Ford Shale, Denver-Julesburg Basin, Western Canadian Sedimentary Basin, Powder River Basin, and Appalachian Basin, with additional operations in Australia's Beetaloo Basin.

As of December 31, 2025, Liberty employed approximately 5,800 people with no unionized labor. The company has grown significantly from operating a single active hydraulic fracturing fleet in December 2011 to its current scale.

Liberty's competitive advantages stem from its pioneering data-driven completions technologies and extensive proprietary databases of unconventional wells. The company holds approximately 500 patents and patent licenses. Notable technological innovations include the Liberty Quiet Fleet design, dual fuel dynamic gas blending fleets, digiFleets comprising digiFrac and digiPrime electric and hybrid pumps with approximately 25 percent lower CO2e emissions profiles, and wet sand handling technology.

In 2023, Liberty launched Liberty Power Innovations LLC to provide advanced distributed power and energy storage solutions. In March 2025, the company completed the acquisition of IMG Energy Solutions for approximately 19.6 million dollars, enhancing its distributed power capabilities. Liberty Power Innovations focuses on serving commercial and industrial, data center, energy, and mining industries through its Forte, Tempo, and Chorus integrated power solutions.

The company's management team includes pioneers who previously founded and developed Pinnacle Technologies, which created the first commercial hydraulic fracture mapping technologies instrumental in launching the shale revolution.

Company details
Sector
Energy
Industry (SIC)
Mining
Headquarters
DENVER, CO
Fiscal year end
December
CIK
1694028
SIC
1389

Financial performance, year by year

Fiscal 2018–2025 · USD
$-680.50M$799.98M$2.28B$3.76B$5.24B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Liberty Energy Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

403
funds hold it
0 of 35
superinvestors hold it
$2.68B
held by funds, at market
58.0%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Liberty Energy Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.23%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.58%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Liberty Energy Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Liberty Energy Inc.’s debt, $210.05M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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