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AI brief of an SEC Form 8-K · Liberty Energy (LBRT)

Liberty Energy Q1 revenue rises 4% to $1.0 billion, but Adjusted EBITDA falls 25%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyLiberty Energy (LBRT)
Form8-K, current report
Filed with the SECApr 22, 2026, 5:49 PM ET
Accession number0001694028-26-000021

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.