NYSEEnergyOil & Gas Equipment & ServicesS&P SmallCap 600
$11.96
+0.61 (+5.37%)
Close of Nov 06, 2026 · end-of-day data
LBRT 8-K filings in 2026
Every material Form 8-K Liberty Energy filed with the SEC in 2026, 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.
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