Core Viewpoint - Liberty Energy Inc. has announced the pricing and agreement to sell $700.0 million of 0.00% convertible senior notes due 2031 in a private offering to qualified institutional buyers [1] Group 1 - The offering is conducted under Rule 144A of the Securities Act of 1933 [1] - Liberty has granted initial purchasers an option to purchase additional notes [1]

Core Viewpoint - Liberty Energy Inc. is proposing to offer $500 million in aggregate principal amount of convertible senior notes due 2031, subject to market conditions and other factors, in a private offering to qualified institutional buyers [1] Group 1 - The offering is categorized as a private offering under Rule 144A of the Securities Act of 1933 [1] - The company intends to grant the initial purchasers a 30-day option to purchase up to an additional $75 million principal amount of the Notes [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38081 Liberty Energy Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 81-4891595 (I.R.S. Employer Identification No.) Organization) 950 17th Street, S ...

Stephen Gengaro from Stifel Nicolaus sets a price target of $28 for Liberty Energy Inc. (NYSE:LBRT), indicating a potential upside of approximately 13.59%.Liberty Energy reported an EPS of 5 cents for Q4 2025, surpassing the Zacks Consensus Estimate by a significant margin.The company's revenue reached $1 billion in Q4 2025, a 10% increase from the previous year, driven by higher activity levels and strategic expansions.Liberty Energy Inc. (NYSE:LBRT) is a prominent player in the energy sector, focusing on ...

Group 1 - Liberty Energy Inc. (NYSE: LBRT) experienced an 18.28% week-on-week gain, reaching an all-time high due to a positive business outlook and expectations of stronger power demand [1][2] - The stock peaked at $27.21 before closing at $24.65 after a 2.68% decline due to profit-taking [2] - CEO Ron Gusek projected that power demand would increase more than threefold over the next four years, and announced plans to deploy 3 gigawatts of power by 2029 to meet this demand [2] Group 2 - Despite the optimistic outlook, Liberty Energy reported a 53% decline in net income for 2025, falling to $147.87 million from $316 million in 2024, and a 7.2% drop in revenues to $4 billion from $4.3 billion year-on-year [3] - In Q4, net income plummeted by 74% to $13.69 million from $51.89 million, even though revenues exceeded $1 billion, reaching $1.04 billion, which is a 10% increase from $943 million in the same period last year [3]

Group 1 - Liberty Energy Inc. (NYSE:LBRT) experienced a significant share price increase of 17.81% from January 22 to January 29, 2026, making it one of the top-performing energy stocks for that week [1] - The company reported better-than-expected Q4 2025 results, surpassing estimates in both earnings and revenue, with a total revenue of $4 billion for the full year and an adjusted EBITDA of $634 million [3] - Liberty Energy returned $77 million to shareholders through quarterly cash dividends and share repurchases during the year, and declared a cash dividend of $0.09 per share for holders of record as of March 4, 2026 [3] Group 2 - The company has a positive outlook on increasing power demand, announcing plans to deploy 3 GW of power by 2029, building on previous plans for over 1 GW capacity by the end of 2027 [4]

Key Takeaways Liberty Energy posted Q4 EPS of 5 cents, beating estimates, down from the year-ago quarter's 10 cents.Liberty Energy's revenue was $1B, up 10% year over year, driven by activity levels that exceeded the industry.Liberty Energy signed power deals, scaled its power platform and approved a 9-cent per share dividend in Q4.Liberty Energy Inc. (LBRT) reported a fourth-quarter 2025 adjusted net profit of 5 cents per share, beating the Zacks Consensus Estimate of a loss of 16 cents by a considerable m ...

We recently published 10 Big Names With Explosive Gains.  Liberty Energy Inc. (NYSE:LBRT) was one of the top performers on Thursday. Liberty Energy soared to a new all-time high on Thursday, as investors took heart from the company’s highly optimistic outlook for the industry and its business, despite disappointing earnings results for last year. At intra-day trading, the stock jumped to its highest price of $27.21 before trimming gains to end the day just up by 16.24 percent at $25.34 apiece. Liberty E ...

Financial Data and Key Metrics Changes - For the full year 2025, revenue was $4 billion, down from $4.3 billion in 2024. Net income totaled $148 million, with adjusted net income at $25 million, excluding $123 million of tax-affected gains on investments. Fully diluted net income per share was $0.89, and adjusted net income per fully diluted share was $0.15. Full year adjusted EBITDA was $634 million, compared to $922 million in the prior year [19][20] - In Q4 2025, revenue was $1 billion, representing a sequential increase of 10%. Q4 net income was $14 million, down from $43 million in the prior quarter. Adjusted net income was $8 million, compared to a loss of $10 million in the prior quarter. Q4 adjusted EBITDA was $158 million, increasing from $128 million in the prior quarter [19][20] Business Line Data and Key Metrics Changes - The company reported a resilient CROCI of 13% during a volatile year, driven by technological innovation and strong operational execution. The focus on expanding the simulfrac offering and leveraging AI-driven asset optimization software led to a reduction in total maintenance costs per unit of work by approximately 14% [5][6] - The LPI execution platform for earnings growth has gained strong commercial traction, with significant agreements for power solutions, including a 1 gigawatt utility-scale project with Vantage Data Centers [7][8] Market Data and Key Metrics Changes - U.S. power demand is rising at the fastest pace in decades, driven by AI-driven data center expansion and increasing industrial electrification. Data center demand for power is projected to grow threefold by 2030, highlighting the urgent need for flexible, scalable capacity [10][11] - North American oil and gas markets have stabilized after a period of softening activity, with fourth quarter completions activity exceeding expectations. Completions demand is projected to hold firm in 2026 [11][12] Company Strategy and Development Direction - The company aims to deploy approximately 3 gigawatts of power projects by 2029, focusing on long-term value creation and sustainable returns. The strategy includes investing in technology and partnerships to enhance its power solutions business [15][18] - The company is transitioning from a premier North American completions company to a diversified energy technology and power infrastructure platform, emphasizing the importance of advanced technology and strategic partnerships [14][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market cycles and capitalize on power growth potential, despite anticipated pricing headwinds and increased development costs for the LPI Distributed Power Solutions business [15][23] - The company expects to see strong demand for its digiTechnologies platform and improved economics, with a focus on driving value creation and prioritizing long-term returns [16][19] Other Important Information - The company ended the year with a cash balance of $28 million and net debt of $219 million, which increased by $49 million from the prior year. Total liquidity at the end of the year was $281 million [21][22] - Capital expenditures for 2025 were $571 million, including investments in infrastructure and technology, with expectations for continued strong demand for the company's offerings [22][23] Q&A Session Summary Question: Can you discuss the pipeline of opportunities and market conditions? - Management noted a continued trend towards co-located behind-the-meter power as the best long-term solution for data centers, with increasing urgency from customers to secure power agreements [30][32] Question: How do you see the mix of power generation technology evolving? - The company can achieve the 3 gigawatts target with current technology and is confident in the efficiency of gas reciprocating engines as the preferred choice for deployment [34][36] Question: Can you comment on the delivery of equipment and confidence in timelines? - Management has strengthened relationships with suppliers and secured delivery schedules through 2029, ensuring the ability to meet project timelines [43][44] Question: How will the 3 gigawatts be achieved? - The company expects a combination of growing opportunities with existing customers and adding new customers, with ongoing conversations in the market [45] Question: What are the expectations for EBITDA in 2026? - EBITDA is expected to be down, primarily driven by the completions business, with a significant contribution from the power business anticipated in 2027 [52][53]

Liberty Energy (NYSE:LBRT) Q4 2025 Earnings call January 29, 2026 09:30 AM ET Company ParticipantsAnjali Voria - VP of Investor RelationsDan Kutz - VP of Equity ResearchDerek Podhaizer - DirectorEddie Kim - VP of Equity ResearchJeffrey LeBlanc - AssociateJosh Silverstein - Managing DirectorKeith Mackey - Director and Global Equity Research, Oil and Gas ServicesMarc Bianchi - Managing DirectorMichael Stock - CFORon Gusek - CEOStephen Gengaro - Managing DirectorConference Call ParticipantsCaitlin Donohue - Eq ...