Liberty Energy Inc.
For the period ended Jun 30, 2025. Filed Jul 25, 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.
Jun 30, 2025 · Filed Jul 25, 2025
LBRT$12.49-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of O
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Revenue | $1,042,521 | $1,118,263 | $2,014,135 | $2,168,821 |
| Revenue—related parties | — | 41,621 | 5,847 | 64,188 |
| Total revenue | 1,042,521 | 1,159,884 | 2,019,982 | 2,233,009 |
| Operating costs and expenses: | ||||
| Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) | 812,107 | 835,798 | 1,573,723 | 1,618,478 |
| General and administrative | 58,344 | 57,700 | 124,119 | 110,686 |
| Transaction and other costs | — | — | 811 | — |
| Depreciation, depletion, and amortization | 129,366 | 123,305 | 257,108 | 246,491 |
| Loss on disposal of assets, net | 5,631 | 1,248 | 8,976 | 88 |
| Total operating costs and expenses | 1,005,448 | 1,018,051 | 1,964,737 | 1,975,743 |
| Operating income | 37,073 | 141,833 | 55,245 | 257,266 |
| Other (income) expense: | ||||
| Gain on investments, net | (68,242) | (7,201) | (87,530) | (7,201) |
| Interest income—related party | — | — | — | (478) |
| Interest expense, net | 10,162 | 8,063 | 19,705 | 15,604 |
| Total other (income) expense, net | (58,080) | 862 | (67,825) | 7,925 |
| Net income before income taxes | 95,153 | 140,971 | 123,070 | 249,341 |
| Income tax expense | 24,137 | 32,550 | 31,943 | 59,028 |
| Net income | $71,016 | $108,421 | $91,127 | $190,313 |
| Net income per common share: | ||||
| Basic | $0.44 | $0.65 | $0.56 | $1.14 |
| Diluted | $0.43 | $0.64 | $0.55 | $1.12 |
| Weighted average common shares outstanding: | ||||
| Basic | 161,865 | 166,210 | 161,901 | 166,268 |
| Diluted | 164,243 | 169,669 | 165,041 | 170,647 |
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