)
Visual
test
Liberty Energy
Liberty Energy (LBRT) investor relations material
Liberty Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Delivered strong Q4 and full-year 2025 results amid oil market uncertainty and softer completions activity, with a focus on technology and operational execution driving superior performance and a resilient 13% CROCI.
Full-year 2025 revenue was $4 billion, net income $148 million, and adjusted EBITDA $634 million, reflecting a year-over-year decline.
Expanded Simul-Frac offering, reduced maintenance costs per unit by 14% via AI-driven asset optimization, and launched Atlas/Atlas IQ for real-time data insights.
Advanced LPI distributed power platform, securing major agreements with Vantage Data Centers (1 GW, 400 MW firm for 2027) and another developer (330 MW in Texas), targeting 3 GW of power projects by 2029.
Positioned to capitalize on surging U.S. power demand, especially from data centers, with a robust project pipeline and differentiated technology.
Financial highlights
2025 revenue was $4 billion, down from $4.3 billion in 2024; net income was $148 million, adjusted net income $25 million (excluding $123 million in tax-affected gains).
Adjusted EBITDA for 2025 was $634 million, down from $922 million in 2024.
Q4 2025 revenue was $1 billion, up 10% sequentially; Q4 net income was $14 million, adjusted net income $8 million, and adjusted EBITDA $158 million (up from $128 million in Q3).
Returned $77 million to shareholders in 2025 via dividends and share buybacks; ended year with $28 million cash and $219 million net debt.
Capital expenditures were $571 million for the year, including $203 million in Q4; monetized $151 million in investments.
Outlook and guidance
Expect 2026 revenue to be flat year-over-year, with higher fleet utilization offset by pricing headwinds; adjusted EBITDA projected to decline due to completions pricing and increased LPI development costs.
Completions capex to moderate to ~$250 million in 2026; anticipate delivery of 500 MW of power generation equipment.
Capital expenditures in 2026 expected to be $275–$350 million in deposits and $450–$550 million in project-related spend, largely funded by project financing.
Targeting 3 GW of deployed power plants by 2029, with project pipeline at various development stages.
Expecting lower sequential revenue and adjusted EBITDA in Q1 2026 due to pricing headwinds and winter weather.
LPI 3 GW deployment: expected earnings impact?
Reconcile dividend increase with 2025 net income decline.
Explain the difference between 13% CROCI and 1% ROCE.
LPI's competitive moat in power market?
LPI 3 GW deployment cost and returns?
What drives 2026 completions EBITDA decline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 FebSBIN
Q3 FY26 net profit hit INR 21,028 crore, driven by growth, divestments, and digital gains. - 7 FebGICRE
Net profit for the nine months surged to ₹6,62,217 lakhs, with a robust solvency ratio of 3.87. - 7 Feb517271
Strong revenue and profit growth, interim dividend, and major investments approved. - 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
Next Liberty Energy earnings date
Q1 202616 Apr, 2026
Liberty Energy
Next Liberty Energy earnings date
Q1 202616 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
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.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage