Liberty Energy Inc. operates across North America, delivering crucial hydraulic fracturing and wireline services, along with associated products, to land-based companies focused ...
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$0.35 per share
$0.35 per share
Est. EPS $0.28 · Revenue $4.58B · 5 analysts
Est. EPS $0.17 · Revenue $4.98B · 6 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $4.0B | -7.2% | +16.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $147.9M | -53.2% | +91.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +11.4% | -19.1% | +182.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +2.0% | -77.2% | +190.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +3.7% | -49.6% | +64.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $14.1M | -92.1% | +38.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.4% | -91.5% | +47.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 42.0% | +55.8% | -1.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.22x | -4.3% | -10.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.6B | +7.9% | +1.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.89 vs -0.06 | +1499.8% | 0.26 vs 0.14 | +79.9% |
| Revenue Surprise | $4.0B vs $3.8B | +4.2% | $1.2B vs $1.5B | -23.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Stock Michael | officer: Chief Financial Officer | Class A Common Stock | D | 6,666 | $19.84 |
| Aug 4, 2026 | Stock Michael | officer: Chief Financial Officer | Class A Common Stock | D | 3,333 | $20.00 |
| Aug 3, 2026 | Stock Michael | officer: Chief Financial Officer | Class A Common Stock | D | 3,333 | $17.95 |
| Jul 28, 2026 | Murti Arjun N | director | Class A Common Stock | A | 14,053 | $17.79 |
| Jul 1, 2026 | Stock Michael | officer: Chief Financial Officer | Class A Common Stock | D | 9,999 | $25.89 |
Welcome to the Liberty Energy Earnings Conference Call. Please note, this event is being recorded. I would now like to turn the conference over to Anjali Voria, Vice President of Investor Relations. Please go ahead.
Thank you, Nick. Good morning, and welcome to the Liberty Energy Second Quarter 2026 Earnings Conference Call. Joining us on the call are Ron Gusek, Chief Executive Officer; and Michael Stock, Chief Financial Officer. Before we begin, I would like to remind all participants that some of our comments today may include forward-looking statements, reflecting the company's views about future prospects, revenues, expenses or profits. These matters involve risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These statements reflect the company's beliefs based on current conditions that are subject to certain risks and uncertainties that are detailed in our earnings release and other public filings. Our comments today also include non-GAAP financial and operational measures. These non-GAAP measures, including EBITDA, adjusted EBITDA, adjusted net income, adjusted net income per diluted share, adjusted pretax return on capital employed and cash return on capital invested are not a substitute for GAAP measures and may not be comparable to similar measures of other companies. A reconciliation of net income to EBITDA and adjusted EBITDA, net income to adjusted net income and adjusted net income per diluted share and the calculation of adjusted pretax return on capital employed and cash return on capital invested as discussed on this call are available on our Investor Relations website. I will now turn the call over to Ron.
Good morning. The second quarter demonstrated strong operational execution as our team continued to deliver proven quality services amidst commodity price volatility and heightened geopolitical uncertainty. We delivered revenue of $1.2 billion and adjusted EBITDA of $151 million, leveraging the benefits of our strategic investments and AI-driven technology advancements as the industry modestly strengthened from early year cyclical lows. The success of our DigiPrime platform in the United States has translated into a notable milestone with an upcoming fleet deployment in Canada alongside a key cross-border customer. We believe customers increasingly value partners that can deliver innovative technology, service quality and execution, creating deeper alignment and stronger long-term customer relationships over time. The next-generation fleet deployment in Canada demonstrates our ability to scale across North America while reinforcing how continuous technology innovation creates sustainable differentiation across our business. We also commenced commercial operations of slurry, our proprietary last mile sand system, redefining how sand is delivered to the well site. Across our first three deployments, the system has demonstrated meaningful benefits for customers and …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ron Gusek | President, Chief Executive Officer & Director | USD 1,849,632 | Male | 1972 | Active |
Michael Stock | Chief Financial Officer & Treasurer | USD 1,363,102 | Male | 1962 | Active |
R. Sean Elliott | Chief Legal Officer & Corporate Secretary | USD 1,157,652 | Male | 1975 | Active |
Ryan T. Gosney | Chief Accounting Officer & Vice President of Finance | USD 980,789 | Male | 1973 | Active |
Jim Brady | Founder & Senior Vice President of Operations | — | Male | — | Active |
Anjali Ramnath Voria | Director of Investor Relations | — | Female | — | Active |
Tracee Quinnell | Vice President of Human Resources | — | Female | — | Active |
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