Liberty Energy Inc

For the period ended Mar 31, 2024. Filed Apr 18, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 18, 2024

LBRT$12.49-3.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended March 31,
	2024	2023
Revenue:
Revenue	$1,050,558	$1,232,320
Revenue—related parties	22,567	29,757
Total revenue	1,073,125	1,262,077
Operating costs and expenses:
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	782,680	888,416
General and administrative	52,986	53,036
Transaction, severance, and other costs	—	617
Depreciation, depletion, and amortization	123,186	94,401
(Gain) loss on disposal of assets	(1,160)	487
Total operating costs and expenses	957,692	1,036,957
Operating income	115,433	225,120
Other expense:
Interest income—related party	(478)	(373)
Interest expense, net	7,541	8,264
Total other expense, net	7,063	7,891
Net income before income taxes	108,370	217,229
Income tax expense	26,478	54,483
Net income	81,892	162,746
Less: Net income attributable to non-controlling interests	—	91
Net income attributable to Liberty Energy Inc. stockholders	$81,892	$162,655
Net income attributable to Liberty Energy Inc. stockholders per common share:
Basic	$0.49	$0.92
Diluted	$0.48	$0.90
Weighted average common shares outstanding:
Basic	166,325	176,569
Diluted	171,441	181,088

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.