Liberty Energy Inc.

For the period ended Sep 30, 2026. Filed Oct 22, 2026.

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.

Sep 30, 2026 · Filed Oct 22, 2026

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

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Contents

Condensed Consolidated Balance Sheets

(Dollars in thousands, except share data)

	September 30, 2026	December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$118,973	$27,554
Accounts receivable—trade, net of allowances for credit losses of $886 and $886, respectively	429,069	351,717
Unbilled revenue	327,696	253,653
Inventories	181,071	188,125
Prepaid and other current assets	61,448	56,921
Total current assets	1,118,257	877,970
Property and equipment, net	2,775,804	2,054,185
Finance lease right-of-use assets	317,999	342,469
Operating lease right-of-use assets	61,021	64,983
Investments	127,300	123,888
Other assets	89,480	94,810
Total assets	$4,489,861	$3,558,305
Liabilities and Equity
Current liabilities:
Accounts payable including amounts due to related parties of $1,634 and $0, respectively	$446,205	$358,623
Accrued liabilities	292,943	232,147
Current portion of payable pursuant to tax receivable agreements	—	7,888
Current portion of long-term debt	11,906	5,097
Current portion of finance lease liabilities	85,787	94,202
Current portion of operating lease liabilities	20,247	22,396
Total current liabilities	857,088	720,353
Long-term debt, net of current portion and deferred financing costs of $33,645 and $73, respectively	1,278,666	241,510
Deferred tax liability	159,611	195,602
Payable pursuant to tax receivable agreements	66,870	66,870
Noncurrent portion of finance lease liabilities	167,276	213,296
Noncurrent portion of operating lease liabilities	39,652	41,785
Total liabilities	2,569,163	1,479,416
Commitments & contingencies (Note 14)
Stockholders’ equity:
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding	—	—
Common Stock:
Class A, $0.01 par value, 400,000,000 shares authorized and 163,191,416 issued and outstanding as of September 30, 2026 and 161,979,222 issued and outstanding as of December 31, 2025	1,632	1,620
Class B, $0.01 par value, 400,000,000 shares authorized and none issued and outstanding	—	—
Additional paid in capital	842,975	978,384
Retained earnings	1,094,997	1,112,747
Accumulated other comprehensive loss	(18,906)	(13,862)
Total stockholders’ equity	1,920,698	2,078,889
Total liabilities and equity	$4,489,861	$3,558,305

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.