Liberty Energy Inc.
For the period ended Sep 30, 2026. Filed Oct 22, 2026.
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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.
Sep 30, 2026 · Filed Oct 22, 2026
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 O
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Revenue | $1,196,156 | $947,397 | $3,405,936 | $2,961,532 |
| Revenue—related parties | — | — | — | 5,847 |
| Total revenue | 1,196,156 | 947,397 | 3,405,936 | 2,967,379 |
| Operating costs and expenses: | ||||
| Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) | 995,049 | 769,761 | 2,819,121 | 2,343,484 |
| General and administrative | 69,479 | 58,284 | 196,191 | 182,403 |
| Transaction and other costs | (215) | — | 7,476 | 811 |
| Depreciation, depletion, and amortization | 113,704 | 122,981 | 341,976 | 380,089 |
| (Gain) loss on disposal of assets, net | (1,165) | (1,210) | (13,126) | 7,766 |
| Total operating costs and expenses | 1,176,852 | 949,816 | 3,351,638 | 2,914,553 |
| Operating income (loss) | 19,304 | (2,419) | 54,298 | 52,826 |
| Other (income) expense: | ||||
| Loss (gain) on investments, net | 62,892 | (68,353) | 2,663 | (155,883) |
| Interest expense, net | 5,898 | 10,902 | 16,983 | 30,607 |
| Total other (income) expense, net | 68,790 | (57,451) | 19,646 | (125,276) |
| Net (loss) income before income taxes | (49,486) | 55,032 | 34,652 | 178,102 |
| Income tax (benefit) expense | (10,423) | 11,977 | 8,036 | 43,920 |
| Net (loss) income | $(39,063) | $43,055 | $26,616 | $134,182 |
| Net (loss) income per common share: | ||||
| Basic | $(0.24) | $0.27 | $0.16 | $0.83 |
| Diluted | $(0.24) | $0.26 | $0.16 | $0.81 |
| Weighted average common shares outstanding: | ||||
| Basic | 163,191 | 161,959 | 162,755 | 161,921 |
| Diluted | 163,191 | 165,066 | 166,855 | 165,126 |
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