LBRT

Liberty Energy Inc.

Ticker: LBRTMaterialsMining
HQ DENVER, COCIK 1694028FY end 12-31Book / share $11.84Shares 166M
Revenue (FY)
$4.01B-7.16%
TTM $4.20B
Op. margin
1.81%-7.21%
TTM 1.25%
Net income
$147.87M-53.21%
TTM $122.42M
Operating cash
$609.60M-26.50%
TTM $388.33M
Free cash flow
$14.10M-92.09%
TTM $-316.58M
Return on equity
7.11%-8.86%
TTM 6.23%
Debt / equity
0.27+0.03%
TTM 0.79
Shares outstanding
165.4M-2.38%
TTM 165.8M

The business

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.

Sector
Materials
Industry
Mining
HQ
DENVER, CO
FY end
12-31
CIK
1694028
SIC
1389
Financial performance · annual
20182025
$-680.50M$799.98M$2.28B$3.76B$5.24B20182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Liberty Energy Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

403
funds hold it
0 of 35
superinvestors hold it
$2.68B
fund-held value
58.0%
of shares held by funds
2
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.23%$257.50M
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.58%$158.03M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$128.62M
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%$108.57M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%$93.15M

Bonds held by funds

Funds report holding 2 issues of Liberty Energy Inc.'s debt, $210.05M at fund-held market value — what funds hold, not the company's debt outstanding.

IssueCouponMaturesFundsFund-held
LBRT 0 03/01/310.000%None2031-03-0144$148.92M
Liberty Energy Inc0.000%None2032-03-0122$61.13M

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”.

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