Revenue and EBITDA Growth
Liberty Energy reported a 7% sequential increase in revenue and an 8% increase in adjusted EBITDA, despite industry-wide declines in frac activity.
Innovative Technology Deployment
Liberty Energy has successfully deployed two variable speed digiPrime units, completing over 1,700 hours of testing, increasing operational and capital efficiency with a 100% natural gas solution.
Strategic Alliances and Expansion
Liberty announced strategic alliances in power services, including partnerships in Pennsylvania and Colorado, and expanded its credit facility by $225 million to support strategic growth.
Successful Field Trial of Sand Slurry System
Completed a successful field trial of a last mile sand slurry system, expected to reduce costs, improve reliability, and decrease emissions and road maintenance.