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Liberty Energy (LBRT) investor relations material
Liberty Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Oct, 2025
Executive summary
Q3 2025 revenue was $947–$947.4 million, down 9% sequentially and 17% year-over-year, with net income of $43–$43.1 million, reflecting lower pricing and activity levels.
Adjusted EBITDA was $127.7–$128 million, down 29% sequentially and 48% year-over-year.
Achieved record daily pumping efficiency, safety, and sand sales; launched Forge, a proprietary large language model, and expanded AI-driven automation.
Completed the acquisition of IMG Energy Solutions, expanding distributed power business and engineering capabilities.
Expanded board with Alice Yake, adding energy infrastructure expertise to accelerate power services strategy.
Financial highlights
Revenue: $947–$947.4 million (Q3 2025), $1 billion (Q2 2025), $1.1 billion (Q3 2024).
Net income: $43–$43.1 million (Q3 2025), $71 million (Q2 2025), $74 million (Q3 2024); adjusted net loss of $10 million (Q3 2025).
Adjusted EBITDA: $127.7–$128 million (Q3 2025), $181 million (Q2 2025), $247.8 million (Q3 2024).
Net capital expenditures were $113 million; total liquidity at quarter-end was $146 million; cash on hand $13–$13.5 million.
Quarterly cash dividend increased by 13% to $0.09 per share for Q4 2025.
Outlook and guidance
Expect normal seasonal trends in Q4; industry activity seen stabilizing with potential uptick in 2026 as frac fundamentals improve.
2025 capital expenditures projected at $525–$550 million, shifting toward power generation in 2026.
Targeting 500 MW of power generation by end of 2026 and over 1 GW by end of 2027.
Confident in ability to deliver ordered power capacity despite supply chain constraints; may raise additional funds through debt, equity, or alliances.
Long-term gas demand and power business growth remain favorable, driven by LNG, AI, and electrification.
Detail the path to 1 GW power capacity by 2027
Quantify digiPrime and AI tech's competitive edge
Reconcile dividend hike with Q3 declines and outlook
Power contract conversion timeline?
Funding strategy for 1 GW power capacity?
Frac profitability per fleet outlook?
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Next Liberty Energy earnings date
Q4 202529 Jan, 2026
Next Liberty Energy earnings date
Q4 202529 Jan, 2026
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Frequently asked questions
Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and other completion services to onshore oil and natural gas exploration and production companies. Its offerings include pressure pumping, logistics, and engineering solutions aimed at enhancing reservoir productivity. The company primarily operates in major U.S. shale basins. The company is headquartered in Denver, Colorado, and its shares are listed on the NYSE.
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