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1. Company Snapshot

1.a. Company Description

Liberty Energy Inc.provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America.It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.


In addition, the company owns operates two sand mines in the Permian Basin.As of December 31, 2021, it had a total of approximately 30 active frac fleets.The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.


The company was formerly known as Liberty Oilfield Services Inc.and changed its name to Liberty Energy Inc.in April 2022.


Liberty Energy Inc.was founded in 2011 and is headquartered in Denver, Colorado.

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1.b. Last Insights on LBRT

Liberty Energy Inc.'s recent performance was driven by strong Q1 2026 earnings, with revenue reaching $1.0 billion, a 4% year-over-year increase, and net income of $23 million. The company's adjusted EBITDA was $126 million, and it distributed $15 million to shareholders through cash dividends. Analysts have given the stock a "Moderate Buy" rating, with seven hold and seven buy recommendations. The company's improved utilization and normal incremental EBITDA margins are expected to drive second-quarter revenues to increase by high single digits sequentially.

1.c. Company Highlights

2. Liberty Energy Q1 2026: Strong Earnings Amid Strategic Moves

Liberty Energy delivered a solid first‑quarter performance, reporting $1.0 billion in revenue and an adjusted EBITDA of $126 million, a 12% YoY increase driven by record pumping efficiencies and high fleet utilization. Net income stood at $23 million, while adjusted net income was $10 million, translating to $0.06 per diluted share—surpassing consensus estimates of –$0.13. The company trades at a P/E of 35.29 and an EV/EBITDA of 9.1, reflecting market confidence in its growth trajectory. [1]

Publication Date: Apr -26

📋 Highlights
  • Strong Q1 Financials:: Revenue reached $1 billion with adjusted EBITDA of $126 million, driven by record pumping efficiencies and high fleet utilization.
  • Debt Financing & Liquidity:: Executed $1.3 billion in convertible debt offerings, boosting liquidity to $1.2 billion and strengthening financial flexibility.
  • Power Business Growth:: Secured $300 million in planned milestone payments for 2026-2027, supporting a 3-gigawatt power generation target by 2029.
  • Net Income & Debt Position:: Net income of $23 million, $10 million adjusted, with $699 million cash and $579 million net debt.
  • Market Positioning:: CEO highlighted strategic focus on North American energy security and pricing flexibility, anticipating stronger demand in Q2-Q3 as completions activity rebounds.

Convertible Debt Boosts Financial Flexibility

Liberty executed a $1.3 billion convertible debt offering, securing a cost‑effective capital structure at less than 3% net cost of capital. The transaction, coupled with capped call arrangements, preserves upside for shareholders while mitigating dilution risk, positioning the firm for long‑term expansion.

Completions Business Resilient in a Slowdown

Despite a broader industry slowdown, the completions arm shows improving fundamentals—higher utilization rates, rising demand, and stronger pricing. Management projects sequential revenue and profitability growth in Q2, bolstered by a robust backlog and a focus on securing North American supply.

Power Business Gains Momentum

Liberty’s power division, LPI, is capturing traction, especially in data‑center and commercial sectors. The Vantage partnership delivers 400 MW of generation starting 2027, while the firm pursues a 3‑GW plan by 2029, supported by a $300 million contract milestone in Q2/Q3 to secure generation capacity.

DigiFleets and Fuel Transition

The company is phasing out diesel assets, exploring variable‑speed G Prime pumps that eliminate on‑site diesel use, offering economic and emissions benefits. DigiFleets plans to add three to four replacement units in 2026, with optionality to expand if favorable opportunities arise, and anticipates pricing impacts in Q3 from tight non‑diesel supply dynamics.

Pricing Strategy and Customer Dynamics

Sales teams are engaging customers amid shifting economics, seeking price relief as pumps are not yet signed. Management expects modest pricing upside in Q2, with a more pronounced impact in the second half of the year, driven by activity‑based utilization improvements and seasonal demand.

CapEx & Growth Outlook

CapEx guidance remains at $1 billion, with $250 million earmarked for completions. Liberty’s 3‑GW target is largely ordered or under negotiation, and the firm plans to invest in digital fleet and power projects to sustain growth, confident in deploying the target by 2029 despite potential project delays.

3. NewsRoom

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Why Liberty Energy Stock Skyrocketed This Week

Apr -26

Source:

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Liberty Energy Inc. (NYSE:LBRT) Receives Consensus Rating of “Moderate Buy” from Analysts

Apr -25

Source: defenseworld.net

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Liberty Energy Q1 Earnings & Revenues Surpass Estimates, Both Up Y/Y

Apr -24

Source: zacks.com

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Liberty Energy Inc. (LBRT) Q1 2026 Earnings Call Transcript

Apr -23

Source: seekingalpha.com

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Liberty Oilfield Services (LBRT) Q1 Earnings and Revenues Top Estimates

Apr -23

Source: zacks.com

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Liberty Energy Inc. Announces First Quarter 2026 Financial and Operational Results

Apr -22

Source: businesswire.com

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Harbor Active Small Cap ETF Q1 2026 Portfolio Review

Apr -20

Source: seekingalpha.com

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Liberty Energy Q1 Earnings on Deck: Here's How This Will Fare

Apr -20

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.23%)

6. Segments

Hydraulic Fracturing and Related Goods and Services

Expected Growth: 8.23%

Liberty Energy Inc.'s 8.23% growth in Hydraulic Fracturing and Related Goods and Services is driven by increasing demand for oil and gas, advancements in fracking technology, and rising exploration activities. Additionally, the company's strategic acquisitions, expanded service offerings, and strong operational efficiency also contribute to its growth momentum.

7. Detailed Products

Renewable Energy Solutions

Liberty Energy Inc. offers customized renewable energy solutions, including solar, wind, and hydroelectric power, to help businesses and individuals reduce their carbon footprint and energy costs.

Energy Efficiency Services

Liberty Energy Inc. provides energy efficiency services, including energy audits, retrofits, and energy management systems, to help customers optimize their energy usage and reduce waste.

Energy Storage Systems

Liberty Energy Inc. designs and installs energy storage systems, including batteries and other innovative solutions, to help customers optimize their energy usage and reduce peak demand charges.

Electric Vehicle Charging Infrastructure

Liberty Energy Inc. provides electric vehicle charging infrastructure solutions, including Level 2 and DC Fast Charging stations, to support the growing demand for EVs.

Energy Management Software

Liberty Energy Inc. offers energy management software solutions to help customers monitor, analyze, and optimize their energy usage in real-time.

Sustainability Consulting

Liberty Energy Inc. provides sustainability consulting services to help customers develop and implement sustainable energy strategies and reduce their environmental impact.

8. Liberty Energy Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Liberty Energy Inc. faces moderate threat from substitutes due to the availability of alternative energy sources such as solar and wind power.

Bargaining Power Of Customers

Liberty Energy Inc. has a diverse customer base, which reduces the bargaining power of individual customers, giving the company an upper hand in negotiations.

Bargaining Power Of Suppliers

Liberty Energy Inc. relies on a few key suppliers for its operations, giving them some bargaining power, but the company's size and scale also give it negotiating leverage.

Threat Of New Entrants

The energy industry has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new entrants to challenge Liberty Energy Inc.'s market position.

Intensity Of Rivalry

The energy industry is highly competitive, with many established players competing for market share, which increases the intensity of rivalry and puts pressure on Liberty Energy Inc. to maintain its market position.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 18.04%
Debt Cost 9.61%
Equity Weight 81.96%
Equity Cost 13.15%
WACC 12.51%
Leverage 22.01%

11. Quality Control: Liberty Energy Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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USA Compression Partners

A-Score: 6.8/10

Value: 6.0

Growth: 5.2

Quality: 5.9

Yield: 10.0

Momentum: 6.0

Volatility: 7.7

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Archrock

A-Score: 5.6/10

Value: 3.9

Growth: 4.9

Quality: 5.9

Yield: 8.0

Momentum: 5.0

Volatility: 6.0

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NOV

A-Score: 5.4/10

Value: 7.7

Growth: 5.4

Quality: 5.0

Yield: 4.0

Momentum: 5.0

Volatility: 5.0

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Liberty Energy

A-Score: 5.0/10

Value: 7.8

Growth: 8.1

Quality: 4.6

Yield: 3.0

Momentum: 4.0

Volatility: 2.3

1-Year Total Return ->

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Weatherford

A-Score: 4.7/10

Value: 5.9

Growth: 7.2

Quality: 6.1

Yield: 1.0

Momentum: 4.0

Volatility: 4.0

1-Year Total Return ->

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Cactus

A-Score: 4.4/10

Value: 5.5

Growth: 4.4

Quality: 8.1

Yield: 2.0

Momentum: 1.5

Volatility: 5.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

32.68$

Current Price

32.68$

Potential

-0.00%

Expected Cash-Flows