UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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) (State or Other Jurisdiction of Incorporation or Organization) 950 17th Street, Suite ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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) (State or Other Jurisdiction of Incorporation or Organization) 950 17th Street, Suit ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was $793 million, a 16% increase sequentially from $694 million in Q4 2021 [7][18] - Adjusted EBITDA rose to $92 million from $21 million in the previous quarter, reflecting solid incremental gains from increased activity and net service pricing [19][20] - Net loss after tax was $5 million in Q1 2022, compared to a loss of $250 million in Q4 2021, with fully diluted net loss per share at $0.03 [18][19] Business Line Data and Key Metrics Changes - The majority of revenue growth was driven by the frac business, with vertical integration in sand logistics enhancing efficiency [37] - The integration of acquisitions from 2021 is now yielding benefits, contributing to improved operational performance [6][20] Market Data and Key Metrics Changes - The frac services market is experiencing robust activity improvements, with tight supply-demand balance leading to increased pricing [14][15] - Labor shortages and logistics bottlenecks are significant challenges impacting operations across the industry [8][46] Company Strategy and Development Direction - The company is focused on vertical integration and technological advancements, including the deployment of the digiFrac electric fleet [6][11] - The strategy emphasizes partnerships and innovation to enhance operational efficiency and reduce costs [23][81] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical need for reliable energy infrastructure amid global energy crises and emphasized the importance of North American oil and gas supply [4][13] - The company expects approximately 10% sequential revenue growth in Q2 2022, driven by increased activity levels and modest service price increases [22][39] Other Important Information - The company ended Q1 2022 with a cash balance of $33 million and total liquidity of $222 million [20] - Capital expenditures totaled $90 million in Q1 2022, driven by upgrades and improvements in sand logistics [21] Q&A Session Summary Question: Path to mid-cycle fleet profitability target - Management indicated that achieving mid-cycle economics requires higher utilization and pricing, with current market conditions driving net service pricing upwards [28][30] Question: Drivers of Q1 performance - The majority of the Q1 performance beat was attributed to the frac business, with vertical integration playing a key role in efficiency [36][37] Question: Supply-demand balance in frac services - The market is tight, with limited spare capacity, and the company expects increased activity to drive revenue growth in Q2 [38][39] Question: Pricing dynamics and inflation - Pricing is expected to continue migrating higher due to inflationary pressures, with a partnership approach to pricing discussions with customers [44][45] Question: Impact of sand prices on profitability - Long-term sand prices are expected to be neutral for profitability, as costs are generally passed through to customers [58] Question: Competitive landscape changes - Industry consolidation has improved decision-making and structure within the market, with a few companies holding significant frac capacity [59] Question: Incremental pricing realization - Pricing changes generally occur annually, with some incremental adjustments throughout the year based on market conditions [63][64] Question: Demand pull from gas basins - There is an increase in activity in gas basins, particularly in response to higher natural gas prices [65] Question: Lead time for fleet contracts - New fleet contracts would likely see delivery in 2023 due to current demand and capacity constraints [89] Question: Free cash flow outlook - The company is focused on investing in new technologies while maintaining a commitment to returning cash through the cycle [75]

Debt and Financial Obligations - As of February 18, 2022, the company had $106.5 million outstanding under its Term Loan Facility and $133.0 million under its ABL Facility, with a total borrowing base of $273.1 million[136]. - The company may incur substantial additional debt, which could limit its flexibility in planning and obtaining financing for working capital and acquisitions[137]. - The company had $124.5 million of debt outstanding at December 31, 2021, with a weighted average interest rate of 8.6%, where a 1% change in interest rates would impact interest expense by approximately $1.2 million per year[249]. Market and Economic Conditions - The demand for hydraulic fracturing services is largely dependent on U.S. oil and natural gas drilling activity, which is influenced by various uncontrollable factors including oil prices and economic conditions[247]. - A material decline in oil and natural gas prices could adversely affect the company's business, financial condition, and cash flows[248]. - The company is exposed to commodity price risk related to material and fuel purchases, which can fluctuate based on market conditions[250]. Operational Risks - The company acquired two state-of-the-art sand mines in the Permian Basin as part of the OneStim Acquisition, which may face risks related to environmental compliance and operational permits[146]. - The company is subject to stringent health and safety standards under the Federal Mine Safety and Health Act, and non-compliance could adversely affect its operations[149]. - Unsatisfactory safety performance could negatively impact customer relationships and revenues, as safety records are critical for customer retention[139]. Competitive Position - The company does not have patents for many key processes and technologies, which could diminish its competitive advantage if trade secrets are compromised[140].

Liberty Oilfield Services Inc. (NYSE:LBRT) Q4 2021 Earnings Conference Call February 9, 2022 10:00 AM ET Company Participants Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Arun Jayaram - JPMorgan Chase & Co. Ian MacPherson - Piper Sandler Neil Mehta - Goldman Sachs Chase Mulvehill - Bank of America Merrill Lynch Scott Gruber - Citigroup Inc. Waqar Syed - ATB Capital Markets Inc. Taylor Zurcher - Tudor, Pickering, Holt & Co. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38081 Liberty Oilfield Services Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 81-4891595 | | --- | --- | | (State or Other Jurisdiction of | (I.R ...

Liberty Oilfield Services Inc. (NYSE:LBRT) Q3 2021 Earnings Conference Call October 27, 2021 10:00 AM ET Company Participants Chris Wright - Chief Executive Officer Michael Stock - Chief Financial Officer Ron Gusek - President Conference Call Participants Scott Gruber - Citigroup Stephen Gengaro - Stifel Taylor Zurcher - Tudor Pickering and Holt Connor Lynagh - Morgan Stanley Chase Mulvehill - Bank of America Atidrip Modak - Goldman Sachs Ian MacPherson - Piper Sandler Roger Read - Wells Fargo Keith Mackey ...

Enercom: The Oil & Gas Conference C H R I S W R I G H T, C E O & C H A I R M A N August 16, 2021 Important Disclosures 2 FORWARD LOOKING STATEMENTS The information in this presentation includes "forward-looking statements". All statements, other than statements of historical fact included in this presentation regarding Liberty Oilfield Services Inc.'s ("Liberty" or the "Company") expectations regarding the expected financial condition and synergies expelled from the acquisition from Schlumberger as well as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38081 Liberty Oilfield Services Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 81-4891595 | | --- | --- | | (State or Other Jurisdiction of ...

Liberty Oilfield Services Inc. (NYSE:LBRT) Q2 2021 Earnings Conference Call July 28, 2021 10:00 AM ET Company Participants Chris Wright – Chief Executive Officer Michael Stock – Chief Financial Officer Conference Call Participants Ian Macpherson – Piper Sandler Atidrip Modak – Goldman Sachs Daniel Allard – Morgan Stanley George O’Leary – TPH and Company John Daniel – Daniel Energy Partners Operator Good morning, and welcome to the Liberty Oilfield Services Second Quarter 2021 Earnings Conference Call. All p ...