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Liberty Energy's Q3 earnings miss estimates amid rising costs, but revenues surge 26.3% as strong fleet utilization and improved pricing fuel growth.
Liberty Energy Inc. ( LBRT ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Anjali Voria - Director of Investor Relations Ron Gusek - President, CEO & Director Michael Stock - CFO & Treasurer Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division Stephen Gengaro - Stifel, Nicolaus & Company, Incorporated, Research Division Scott Gruber - Citigroup Inc., Research Division Joshua Silverstein - UBS Investment Bank, Research Division Marc Bianchi - TD Cowen, Research Division Alexa Breno Keith MacKey - RBC Capital Markets, Research Division Saurabh Pant - BofA Securities, Research Division Derek Podhaizer - Piper Sandler & Co., Research Division Eddie Kim Jeffrey LeBlanc - TPH Research Daniel Kutz - Morgan Stanley, Research Division John Daniel - Daniel Energy Partners, LLC Presentation Operator Welcome to the Liberty Energy Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Liberty Energy NYSE: LBRT reported third-quarter 2026 revenue of $1.2 billion and adjusted EBITDA of $142 million, as strong fleet utilization and modest pricing gains were partly offset by drilling-related delays and inflationary pressures.
Liberty Energy (LBRT) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to a loss of $0.06 per share a year ago.
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) today reported third quarter 2026 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, a 26% year-over-year increase Net loss of $39 million, or $(0.24) fully diluted earnings per share (“EPS”) and Adjusted Net Income1 of $10 million, or $0.06 Adjusted Net Income per Diluted Share1 Adjusted EBITDA2 of $142 million Distributed $15 million to shareholders through cash divide.
Liberty Energy just hiked its dividend for the third straight fall, and management is calling it a confidence signal. But the cash flow numbers behind that raise tell a more complicated story.
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.10 per share of Class A common stock, to be paid on December 18, 2026, to holders of record as of December 4, 2026.“An improving completions cycle and the strong momentum across our power initiatives reinforce our confidence in Liberty's long-term opportunity and our ability to create durable value for shareholders,” comment.
Liberty Energy is upgraded to STRONG BUY, driven by undervalued near-term completions and long-term power business growth. LBRT's 34% share price decline creates a disconnect from improving oil field fundamentals and imminent completion profitability. Power asset deployment in 2027-2029 should stabilize earnings, supporting a multiple expansion from 4.5x to 7.5x EBITDA.