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Close of Nov 06, 2026 · end-of-day data
LBRT 8-K filings, explained
Every material Form 8-K Liberty Energy has filed with the SEC since January 29, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Liberty Energy reported third quarter 2026 revenue of $1.2 billion, up 26% from a year earlier, but swung to a net loss of $39 million, or $(0.24) per diluted share, compared with net income of $43 million in the second quarter. Adjusted EBITDA of $142 million rose 11% year over year but fell 6% from the prior quarter, and the company raised its quarterly dividend 11% to $0.10 per share.
Revenue was $1.2 billion, up 26% from $0.9 billion in Q3 2025 and up 1% from Q2 2026.
Net loss of $39 million, or $(0.24) per diluted share, versus net income of $43 million in Q2 2026; the quarter included a $62.9 million loss on investments, net.
Adjusted EBITDA of $142 million, up 11% from Q3 2025 and down 6% from $151 million in Q2 2026.
Quarterly dividend raised 11% to $0.10 per share, payable December 18, 2026; Liberty Power Innovations signed a development agreement with a frontier AI lab for 1.2 GW of power services.
Liberty Energy disclosed a supply contract signed February 13, 2026, under which its subsidiary Liberty Advanced Equipment Technologies LLC agreed to buy power generation equipment from Northeast-Western Energy Systems USA LLC for its prospective data center and distributed power projects. The contract price is approximately $493.2 million, and delivery and takeover are scheduled for 2028 and 2029, so the deal is a multi-year commitment with the timing of payments and results still ahead.
Contract price of approximately $493.2 million, subject to adjustment for tariffs and transportation costs.
Amendment No. 1, dated May 27, 2026, changed certain milestone invoice and payment events.
Delivery, performance testing and takeover are scheduled for 2028 and 2029.
Purchaser may terminate for convenience with a termination charge; NES-WES may suspend and terminate if required payments are missed after notice and a cure period.
Liberty Energy reported second quarter 2026 results with revenue up 14% from a year earlier to $1.2 billion. Net income fell to $43 million, or $0.26 per diluted share, from $71 million, or $0.43, in the second quarter of 2025, and Adjusted EBITDA declined 16% to $151 million. For shareholders, the quarter shows higher sales but lower profit, and the company also disclosed a quarterly dividend of $0.09 per share payable September 18, 2026.
Revenue of $1.2 billion, up 14% from $1.0 billion in Q2 2025 and up 16% from Q1 2026
Net income of $43 million, or $0.26 per diluted share, versus $71 million, or $0.43, in Q2 2025
Adjusted EBITDA of $151 million, down 16% from $181 million in Q2 2025 and up 20% from $126 million in Q1 2026
Cash on hand of $555 million and total debt of approximately $1.3 billion as of June 30, 2026
Liberty Energy's subsidiary agreed on June 22, 2026 to buy power generation equipment from Wärtsilä North America for about $332.6 million, for prospective data center and distributed power projects. The filing says delivery and takeover are expected to run from 2029 through 2030, so the spending and project timing extend well beyond the near term.
Contract price is approximately $332.6 million, excluding import taxes, duties, and tariffs, which the purchaser pays where due
Parent company Liberty Energy Inc. is providing a guarantee for payment of the contract price
Delivery, performance testing, and takeover are expected to begin in 2029 and continue through 2030
Either party may terminate for material breach or continuing force majeure, subject to refunds or damages; full contract to be filed with the 10-Q for the quarter ending June 30, 2026
On May 1, 2026, a Liberty Energy subsidiary signed two supply contracts with Bergen Engines AS for power generation equipment, with an aggregate purchase price of $505 million, for the company's prospective data center and other distributed power projects. Delivery is expected from the second half of 2027 through 2028, and Liberty must provide a parent guarantee for a specified portion of the price, so the deal commits significant capital ahead of those projects.
Two contracts priced at $224.4 million and $280.6 million, for an aggregate $505 million.
Contracts dated May 1, 2026; equipment delivery and takeover expected from the second half of 2027 through 2028.
Liberty must provide a parent guarantee for a specified portion of the contract price.
Termination for convenience requires Bergen's prior written agreement and certain payments to Bergen.
Liberty Energy reported first quarter 2026 revenue of $1.0 billion, up 4% from a year earlier, and net income of $23 million, or $0.14 per diluted share, compared with $0.12 a year earlier. Adjusted EBITDA fell 25% to $126 million, and the company expects sequential revenue growth and improved profitability in the second quarter. For shareholders, the picture is mixed: revenue and GAAP earnings rose, while the Adjusted EBITDA measure declined, and GAAP profit was helped by a $17 million gain on investments.
Revenue of $1.0 billion for Q1 2026, up 4% from $977 million in Q1 2025 and down 2% from $1.0 billion in Q4 2025
Net income of $23 million ($0.14 per diluted share) vs. $20 million ($0.12) in Q1 2025; includes $17.3 million gain on investments, net
Adjusted EBITDA of $126 million, down 25% from $168 million in Q1 2025 and down 20% from $158 million in Q4 2025
Management expects sequential revenue growth and improved profitability in Q2 2026; cash on hand was $699 million at March 31, 2026
On March 30, 2026, Liberty Energy completed a private offering of $475.0 million of 0.00% convertible senior notes due March 1, 2032, including a $50.0 million option the initial purchasers exercised in full. The company reported net proceeds of about $511.3 million and used about $77.2 million to fund capped call transactions, with the rest for general corporate purposes. The notes add to the company's debt, but conversion would be settled in cash up to principal, and the capped calls are intended to reduce potential dilution.
Notes: $475.0 million principal, 0.00% coupon, mature March 1, 2032, issued under an indenture with U.S. Bank Trust Company, National Association, as trustee
Initial conversion price of about $37.44 per share, a premium of about 30% over the $28.80 closing price on March 25, 2026
Capped call cap price of about $72.00 per share; about $77.2 million of net proceeds used to fund the capped calls
Company may redeem for cash on or after March 1, 2029, if the stock trades at least 130% of the conversion price for specified periods
Liberty Energy completed a private offering of $700.0 million of 0.00% convertible senior notes due March 1, 2031, including a $70.0 million option that the initial purchasers exercised in full. The company plans to use the net proceeds of about $746.0 million to fund capped call transactions, repay debt under its July 24, 2025 credit agreement, and for general corporate purposes. The notes add debt, but they carry no regular interest and their conversion price of about $34.50 per share, with capped calls offsetting part of the potential dilution, could affect existing holders.
$700.0 million of 0.00% convertible senior notes due March 1, 2031, sold to initial purchasers; a $70.0 million option was exercised in full on February 4, 2026
Net proceeds of approximately $746.0 million, of which about $109.3 million funded the capped call transactions
Initial conversion price of about $34.50 per share, a premium of about 32.5% over the $26.04 closing price on February 3, 2026; initial capped call cap price of about $65.10
Remaining proceeds intended to repay indebtedness under the Credit Agreement dated July 24, 2025 and for general corporate purposes
Liberty Energy amended its credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, allowing it to take on up to $600 million of new bridge loan debt that must be incurred by June 30, 2026. The amendment also raises the permitted convertible debt basket from $300 million to $600 million and would accelerate the maturity of the $750 million revolving credit facility if bridge debt is still outstanding 91 days before its maturity.
Amendment dated February 3, 2026 permits up to $600 million of bridge loan indebtedness.
Bridge loans must be incurred on or before June 30, 2026, with scheduled maturity no later than 365 days from incurrence.
Permitted convertible indebtedness basket increased from $300 million to $600 million.
Revolving credit facility maturity accelerates to 91 days before any outstanding bridge loan's maturity.
Liberty Energy reported fourth quarter and full year 2025 results in an 8-K filed January 28, 2026. For the full year, revenue, net income, and Adjusted EBITDA all declined from 2024, and the company said first quarter 2026 revenue and Adjusted EBITDA are expected to be lower than fourth quarter levels because of pricing headwinds and winter weather. The company also declared a $0.09 quarterly dividend, and it highlighted a 1 GW power development agreement with Vantage Data Centers.
Full year 2025 revenue was $4.0 billion, down 7% from $4.3 billion in 2024; net income was $148 million ($0.89 diluted EPS) versus $316 million ($1.87) in 2024.
Full year 2025 Adjusted EBITDA was $634 million, down 31% from $922 million in 2024.
Fourth quarter 2025 revenue was $1.0 billion, up 10% from the third quarter, but fourth quarter net income was $14 million ($0.08 per share) versus $52 million in the fourth quarter of 2024.
Management expects first quarter 2026 revenue and Adjusted EBITDA to decline sequentially; the Board declared a $0.09 dividend payable March 18, 2026.
Liberty Energy reported third-quarter 2025 revenue of $947 million, down 17% from a year earlier, and net income of $43 million, or $0.26 per diluted share. Adjusted EBITDA fell to $128 million and adjusted net loss was $10 million, or $(0.06) per share, and management said it anticipates market headwinds to persist in the near term. The company also raised its quarterly dividend 13% to $0.09 per share.
Revenue of $947 million, down 9% from $1.0 billion in Q2 2025 and down 17% from $1.1 billion in Q3 2024
Net income of $43 million ($0.26 diluted EPS) includes a $68 million gain on investments; Q3 2024 diluted EPS was $0.44
Adjusted net loss of $10 million, or $(0.06) per diluted share, compared with adjusted net income of $76 million in Q3 2024
Quarterly dividend raised 13% to $0.09 per share, payable December 18, 2025 to holders of record as of December 4, 2025
Liberty Energy director Audrey Robertson resigned from the board effective immediately on August 26, 2025. She is taking a role at the U.S. Department of Energy while her Senate confirmation as Assistant Secretary for Energy Efficiency and Renewable Energy is pending, superseding a conditional resignation she gave in February 2025. The filing discloses no financial figures, and the departure is a board change without stated operational effects.
Audrey Robertson resigned from the Liberty Energy board effective immediately on August 26, 2025
Her role at the Department of Energy is as nominee for Assistant Secretary for Energy Efficiency and Renewable Energy
This notice supersedes the conditional resignation she provided in February 2025
Liberty Energy reported second quarter 2025 revenue of $1.0 billion, down 10% from a year earlier but up 7% from the first quarter. Net income was $71 million, or $0.43 per diluted share, compared with $108 million, or $0.64, in the second quarter of 2024. The company said completions activity is expected to gradually slow in the second half of 2025 and that it plans to modestly reduce its deployed fleet count.
Revenue was $1.0 billion, down 10% year over year and up 7% sequentially from $977 million in the first quarter of 2025.
Net income was $71 million ($0.43 per diluted share) versus $108 million ($0.64) a year earlier; adjusted net income per diluted share was $0.12 versus $0.61.
Adjusted EBITDA was $181 million, down 34% from $273 million a year earlier and up 8% from $168 million in the first quarter.
The company expects completions activity to gradually slow in the second half of 2025, and it plans to modestly reduce its deployed fleet count. The quarterly dividend is $0.08 per share, payable September 18, 2025.
Liberty Energy reported first quarter 2025 revenue of $977 million, up 4% from the fourth quarter of 2024 but down from $1.1 billion a year earlier. Net income was $20 million, or $0.12 per diluted share, compared with $82 million, or $0.48 per share, in the first quarter of 2024, and the company said it expects sequential growth in revenue and profitability in the second quarter.
Revenue $977 million, versus $1.1 billion in Q1 2024 and $944 million in Q4 2024
Net income $20 million ($0.12 diluted EPS) versus $82 million ($0.48) in Q1 2024; Adjusted EBITDA $168 million, down 31% year over year and up 8% from Q4 2024
Repurchased 1.0% of shares for about $24 million; about $270 million of repurchase authorization remains
Board declared a $0.08 per share quarterly dividend on April 15, 2025, payable June 20, 2025 to holders of record as of June 6, 2025
Liberty Energy director Audrey Robertson gave notice on February 12, 2025, that she intends to resign from the board. Her resignation is effective only upon and subject to Senate ratification as Assistant Secretary of Energy, Efficiency and Renewables at the U.S. Department of Energy. She will remain on the board until she is confirmed, so the filing does not change the company's board or operations today.
Audrey Robertson provided notice of resignation from the Board on February 12, 2025.
Resignation is effective upon and subject to Senate confirmation as Assistant Secretary of Energy, Efficiency and Renewables.
Robertson will continue to serve on the Board unless and until confirmed by the Senate.
The filing was signed by Chief Legal Officer and Corporate Secretary R. Sean Elliott on February 18, 2025.
Liberty Energy reported full-year 2024 revenue of $4.3 billion, down 9%, and net income of $316 million, or $1.87 per diluted share, compared with $556 million, or $3.15, in 2023. Fourth-quarter revenue fell 12% from a year earlier to $944 million, and diluted EPS was $0.31 versus $0.54. For shareholders, earnings declined sharply, though the company said it expects a modest sequential increase in first-quarter revenue and Adjusted EBITDA.
Full-year 2024 revenue was $4.3 billion, down 9% from $4.7 billion; Adjusted EBITDA was $922 million, down 24%.
Fourth-quarter 2024 net income was $52 million, or $0.31 per diluted share, versus $92 million and $0.54 a year earlier.
Fourth-quarter Adjusted EBITDA was $156 million, down 38% from $253 million in the fourth quarter of 2023.
The Board declared a $0.08 quarterly dividend payable March 20, 2025; the company expects a modest sequential increase in first-quarter 2025 revenue and Adjusted EBITDA.
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