Liberty Energy Inc.
For the period ended Mar 31, 2025. Filed Apr 17, 2025.
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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, 2025 · Filed Apr 17, 2025
LBRT$12.49-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue: | ||
| Revenue | $971,614 | $1,050,558 |
| Revenue—related parties | 5,847 | 22,567 |
| Total revenue | 977,461 | 1,073,125 |
| Operating costs and expenses: | ||
| Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) | 761,616 | 782,680 |
| General and administrative | 65,775 | 52,986 |
| Transaction and other costs | 811 | — |
| Depreciation, depletion, and amortization | 127,742 | 123,186 |
| Loss (gain) on disposal of assets, net | 3,345 | (1,160) |
| Total operating costs and expenses | 959,289 | 957,692 |
| Operating income | 18,172 | 115,433 |
| Other (income) expense: | ||
| Gain on investments, net | (19,288) | — |
| Interest income—related party | — | (478) |
| Interest expense, net | 9,543 | 7,541 |
| Total other (income) expense, net | (9,745) | 7,063 |
| Net income before income taxes | 27,917 | 108,370 |
| Income tax expense | 7,806 | 26,478 |
| Net income | $20,111 | $81,892 |
| Net income per common share: | ||
| Basic | $0.12 | $0.49 |
| Diluted | $0.12 | $0.48 |
| Weighted average common shares outstanding: | ||
| Basic | 161,938 | 166,325 |
| Diluted | 165,784 | 171,441 |
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