LBRTNYSEOil & Gas Field Services, NECUS GAAP · USD

Liberty Energy Inc.

Liberty Energy Inc. is a U.S.-based oilfield services company focused on hydraulic fracturing and related completion services for upstream oil and gas producers. It also operates Liberty Power Innovations, which is building distributed power and energy storage solutions for data centers, industrial customers, and other high-demand power users.

Kysy yhtiöstä
Liikevaihto4 006milj. USD
−7,2 %v/v
Liikevoitto (EBIT)72,7milj. USD
−81,3 %v/v
EBIT-marginaali1,8%
−7,2 %-yks.v/v
Nettotulos148milj. USD
−53,2 %v/v
Vapaa kassavirta610milj. USD
−26,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 0004 0005 000milj. USD2020: 966 milj. USD2020: EBIT −177 milj. USD20202021: 2 471 milj. USD2021: EBIT −181 milj. USD20212022: 4 149 milj. USD2022: EBIT 496 milj. USD20222023: 4 748 milj. USD2023: EBIT 761 milj. USD20232024: 4 315 milj. USD2024: EBIT 389 milj. USD20242025: 4 006 milj. USD2025: EBIT 73 milj. USD20254 00673
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Hydraulic Fracturing Services75 %

Pressure pumping and completion services used to stimulate oil and gas wells.

Equipment and Fleet Solutions10 %

Custom frac fleets, maintenance, upgrades, and related field equipment support.

Proppant and Logistics5 %

Sand supply, containerized sand handling, and last-mile logistics services.

Distributed Power Solutions7 %

Engineered power systems, energy storage, and power generation services for large-load customers.

Fueling and Field Gas Services3 %

CNG supply, natural gas fueling, and field gas processing/treating for remote operations.

Asiakkaat

Liberty primarily serves integrated and independent exploration and production companies that need hydraulic fracturing and completion services in North America. Its newer power business targets commercial and industrial customers, data centers, energy users, and mining-related applications that need reliable distributed power and energy storage. Customer concentration remains meaningful, with the top five customers accounting for a large share of revenue and several major E&P names representing key accounts.

Integrated oil and gas producers

Buy large hydraulic fracturing and completion programs for multi-well development and value execution reliability.

Independent E&P companies

Purchase frac services and related logistics to improve well productivity and manage completion costs.

Large named customer accounts

Occidental Petroleum and XTO Energy are major customers that can materially affect revenue mix.

Data center and AI infrastructure customers

Buy distributed power systems to secure dependable electricity where grid access is constrained.

Industrial, energy, and mining customers

Use Liberty's power and fueling solutions for remote or high-demand sites needing resilient supply.

Strategia

Liberty is using its established oilfield services platform to fund and support a broader move into distributed power and energy storage. The strategy combines fleet modernization, vertical integration in supply chain and sand logistics, and new power offerings aimed at AI, data center, and industrial demand growth. Management is also seeking external capital and partnerships to scale the power business without overburdening the core services franchise.

Scale the distributed power platformKeskipitkä aikaväli

The company sees structural demand from data centers, electrification, and grid constraints.

Maintain leadership in hydraulic fracturing executionLyhyt aikaväli

The core business still generates the cash flow and customer relationships that fund expansion.

Improve supply chain control and equipment availabilityLyhyt aikaväli

Reliable access to proppant, chemicals, and equipment supports service quality and margins.

Maantiede

Liberty's core business is concentrated in the United States, with additional operations in Canada. Its oilfield services footprint is tied to active shale basins and other North American operating regions, while the power business is being built around U.S. demand centers such as data centers and industrial sites. Geography matters because customer activity, logistics, regulation, and equipment deployment are all basin- and region-specific.

Riskit

Liberty remains exposed to cyclicality in oil and gas completion activity, customer concentration, and intense price competition in hydraulic fracturing. Its move into distributed power adds execution, capital intensity, regulatory, and technology risks, while equipment supply, cyber security, and maintenance needs can disrupt operations and raise costs. The power business also depends on long sales cycles and successful adaptation to large, variable customer loads.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclicality in hydraulic fracturing demand1Customer concentration2Distributed power execution risk3Equipment and supplier dependence4Regulatory and permitting changes5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclicality in hydraulic fracturing demandVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on E&P spending, which moves with commodity prices and drilling budgets.

    Kohdistuu: Core oilfield services business

  2. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A few large customers account for a meaningful share of revenue, increasing volatility if activity changes.

    KohdistuuOccidental PetroleumXTO EnergyTop five customers
  3. Distributed power execution riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company is entering a new business line with limited direct operating history and long sales cycles.

    Kohdistuu: Liberty Power Innovations

  4. Equipment and supplier dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Frac fleets and power systems require specialized components and timely deliveries from limited vendors.

    KohdistuuAssemblersProppantChemicalsPower equipment
  5. Regulatory and permitting changesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Hydraulic fracturing and distributed power are both exposed to evolving federal, state, and local rules.

    Kohdistuu: U.S. and Canada operations

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Frac and power services are recognized as delivered, so job timing affects quarterly comparability.

Vaikutus: Quarterly revenue and margin volatility

Lease components in service contracts

Some contracts contain embedded lease elements that are combined when the service component is predominant.

Vaikutus: Revenue presentation and contract accounting

Inventory valuation

Proppant, chemicals, and maintenance parts are carried at lower of cost or net realizable value.

Vaikutus: Potential write-downs if demand or pricing weakens

Depreciation and useful life estimates

Frac fleets and power equipment are capital intensive and subject to utilization and salvage assumptions.

Vaikutus: Operating income and asset carrying values

Income taxes and deferred tax liabilities

State taxes, executive compensation, and credits affect the effective tax rate and deferred balances.

Vaikutus: Net income and balance sheet tax accounts

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026