Recent Updates — LBRT
Liberty Energy Inc. reported third quarter 2026 results with revenue of $1.2 billion, a 26% year-over-year increase, and an adjusted EBITDA of $142 million. The company posted a net loss of $39 million, or $(0.24) fully diluted EPS, compared to net income in the prior year period. On October 20, 2026, the Board declared a quarterly cash dividend of $0.10 per share, payable on December 18, 2026, to holders of record as of December 4, 2026, marking an 11% increase from the previous quarter's rate. Additionally, Liberty announced a strategic development agreement for 1.2 GW of integrated power services at data center campuses with a leading frontier AI lab.
Liberty Energy reported second quarter 2026 revenue of $1.2 billion, a 14% year-over-year increase, with net income of $43 million and adjusted EBITDA of $151 million. The company announced a joint venture with PowerBridge LLC for gigawatt-scale powered data center campuses, including an initial 300 MW deployment targeted for late 2027, and a strategic alliance with SLB for modular infrastructure and power generation. Additionally, it established Liberty Wholesale Commodities to participate in ERCOT power markets and commenced commercial operations of its SLXRRY sand slurry delivery system. As of June 30, 2026, the company held $555 million in cash and $1.3 billion in total debt. Liberty Energy is an energy services company providing completion services and technologies to oil, gas, and geothermal producers, as well as distributed power solutions.
Liberty Energy Inc. through its subsidiary Liberty Advanced Equipment Technologies LLC entered into an equipment supply contract with Wärtsilä North America, Inc. for approximately $332.6 million to purchase power generation equipment for prospective data center and distributed power projects. The contract includes a parent guarantee for payment and installment-based payments linked to delivery milestones and performance testing expected to occur between 2029 and 2030. Liberty Energy Inc. provides energy services to the oil and gas industry.