Liberty Energy Inc. (LBRT)

NYSE:LBRT

LBRT

Liberty Energy

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Liberty Energy (LBRT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

>-0.01

Last Year’s EPS

0.12

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 22, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong operational execution, record operational metrics, technology leadership (digiPrime, digiFrac, StimCommander/Forge) and a sizable power pipeline supported by proactive financing and liquidity. These positives were balanced against realized pricing headwinds, winter weather impact, rising diesel costs, execution/timing risk in multi-year power projects, and near-term capital outlays that increased net debt. Management expects modest sequential growth in Q2 with more meaningful pricing effects in Q3 and the back half of the year. Overall, the company conveyed confidence in its strategic positioning to benefit from cyclical recovery and secular power demand despite short-term headwinds.

Company Guidance

Guidance: management expects sequential revenue growth in Q2 (high single‑digits) with “normal” incremental margins to EBITDA as utilization improves and they begin to capture modest pricing upside in Q2 (with the more meaningful pricing recovery expected in the back half and a material impact in Q3); they reiterated the 3 GW by 2029 goal (supported by planned contract milestone payments of ~ $300 million in Q2/early Q3), noted completions CapEx will moderate in 2026 while completions free cash flow strengthens, and said Q1 net capex/long‑term deposits were $133 million; tax expense is expected to be ~25% of pretax income for the remainder of 2026 with no material cash taxes, and liquidity/balance sheet targets include cash of $699 million, net debt of $579 million (net debt up ~$360 million due to convertible issuances), and total liquidity of $1.2 billion (after executing ~$1.3 billion of convertible debt offerings); Q1 operating and financial baselines were revenue $1.0 billion, adjusted EBITDA $126 million, adjusted net income $10 million and adjusted diluted EPS $0.06, G&A $60 million (including ~$6 million stock‑based comp), and $15 million of dividends paid in Q1.

Revenue and Adjusted EBITDA

Q1 2026 revenue of $1.0 billion and adjusted EBITDA of $126 million, driven by record pumping efficiencies and high fleet utilization; revenue modestly higher than year-ago period and slightly below the prior quarter.

Improving Profitability and Earnings Per Share

Net income of $23 million in Q1 versus $14 million in prior quarter (+64% QoQ). Adjusted net income $10 million vs $8 million prior quarter (+25% QoQ). Fully diluted net income per share $0.14 vs $0.08 prior quarter (+75% QoQ). Adjusted net income per diluted share $0.06 vs $0.05 prior quarter (+20% QoQ).

Record Operational Output

Delivered more horsepower hours in the quarter than ever before in company’s 15-year operating history; outsized demand for premium completion services and strong execution despite winter weather disruption.

Technology and Fleet Advancements

Commercial deployment of digiPrime (100% natural gas engine with variable speed capabilities); path to upgrade engine control software so >70% of digiPrime fleet will have variable speed and increased horsepower; digiFrac electric fleets, StimCommander fleet control software and Forge optimization platform driving efficiency and lower cost per well.

Power Platform Momentum and 3 GW Goal

LPI pipeline acceleration with hyperscaler engagement, microgrid testing facility and integrated validation process; 3 gigawatt target by 2029 with majority of equipment either ordered or in contractual negotiation and planned milestone payments (~$300 million) to secure generation capacity in Q2/early Q3.

Balance Sheet and Liquidity Strengthening

Executed ~$1.3 billion in convertible debt offerings to strengthen financial flexibility, completed capped call transactions at a 150% premium to reference share price; ended quarter with $699 million cash and total liquidity of $1.2 billion.

Cost Discipline and G&A Reduction

General & administrative expenses decreased to $60 million from $65 million prior quarter (-7.7% QoQ), excluding noncash stock-based compensation (~$6 million).

Liberty Energy (LBRT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LBRT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q2)	>-0.01 / -	0.12	―	―	―
Apr 22, 2026	2026 (Q1)	-0.13 / 0.06	0.04	50.00% (+0.02)	―
Jan 28, 2026	2025 (Q4)	-0.17 / 0.05	0.31	-83.87% (-0.26)	―
Oct 16, 2025	2025 (Q3)	-0.06 / -0.06	0.45	-113.33% (-0.51)	―
Jul 24, 2025	2025 (Q2)	0.14 / 0.12	0.61	-80.33% (-0.49)	―
Apr 16, 2025	2025 (Q1)	0.04 / 0.04	0.48	-91.67% (-0.44)	―
Jan 29, 2025	2024 (Q4)	0.10 / 0.31	0.541	-42.70% (-0.23)	―
Oct 16, 2024	2024 (Q3)	0.57 / 0.45	0.851	-47.12% (-0.40)	―
Jul 17, 2024	2024 (Q2)	0.60 / 0.61	0.876	-30.37% (-0.27)	―
Apr 17, 2024	2024 (Q1)	0.54 / 0.48	0.911	-47.31% (-0.43)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LBRT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 22, 2026	$29.42	$32.32	+9.86%
Jan 28, 2026	$21.73	$25.26	+16.24%
Oct 16, 2025	$11.85	$15.20	+28.31%
Jul 24, 2025	$12.76	$12.94	+1.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Liberty Energy Inc. (LBRT) report earnings?

Liberty Energy Inc. (LBRT) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).

What is Liberty Energy Inc. (LBRT) earnings time?

Liberty Energy Inc. (LBRT) earnings time is at Jul 28, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LBRT EPS forecast?

LBRT EPS forecast for the fiscal quarter 2026 (Q2) is >-0.01.