Liberty Energy (LBRT)
NYSE:LBRT
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Liberty Energy
(NYSE:LBRT)
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Rating:63Neutral
Price Target:
$31.00
▲(6.75% Upside)
Action:ReiteratedDate:03/31/26
LBRT’s score is primarily held back by the financial downshift in 2024–2025 (margin and ROE compression, choppy revenue, and uneven free cash flow). Technicals are comparatively supportive with a constructive trend and neutral momentum, but valuation is only average for the current profitability outlook. Earnings guidance points to near-term EBITDA pressure, while recent financings improve flexibility yet underscore sizable capital requirements.
Positive Factors
Strategic Power Project Growth
Expanding into distributed power (3 GW target) diversifies revenue away from cyclical fracturing, creating long‑duration, contracted cash flows and scale advantages. Large anchor reservations validate commercial traction and can lock in multi‑year revenue streams and higher lifetime returns.
Negative Factors
Margin and Profitability Compression
Sharp margin declines and earnings compression materially reduce returns on invested capital and internal funding capacity. Lower profitability undermines ROE and CROCI versus prior years, making it harder to fund growth organically and keep returns high as the company scales capital‑intensive power projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Power Project Growth
Expanding into distributed power (3 GW target) diversifies revenue away from cyclical fracturing, creating long‑duration, contracted cash flows and scale advantages. Large anchor reservations validate commercial traction and can lock in multi‑year revenue streams and higher lifetime returns.
Read all positive factors
Liberty Energy (LBRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.71B
Dividend Yield1.78%
Average Volume (3M)4.65M
Price to Earnings (P/E)20.2
Beta (1Y)1.21
Revenue Growth-12.05%
EPS Growth-46.45%
CountryUS
Employees5,700
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding162,051,530
10 Day Avg. Volume6,527,645
30 Day Avg. Volume4,646,988
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)1.44
Price to Sales (P/S)0.75
P/FCF Ratio211.98
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit12.06
Enterprise Value/Ebitda7.51
Forecast
1Y Price Target
$28.36Price Target Upside-2.33% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-0.39
Revenue Forecast (FY)$3.93B
Liberty Energy Business Overview & Revenue Model
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, includi...
How the Company Makes Money
Liberty makes money primarily by contracting with upstream oil and gas producers to perform well-completion work, with hydraulic fracturing services representing the core revenue stream. Under these contracts, Liberty is paid to supply and operate...
Liberty Energy Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: clear strategic progress and commercial traction in the distributed power business (notable contracts, a 3 GW by-2029 target, technology launches, and efficiency gains) alongside material near-term financial headwinds (full-year revenue and adjusted EBITDA declines, sequential earnings volatility, modest year-end cash balance and increased net debt). Management emphasized long-term growth potential from power projects and technology differentiation but acknowledged that 2026 will see pricing pressure and lower adjusted EBITDA as they invest to scale LPI. The strategic positives are meaningful, but they coexist with significant short-term financial pressures and execution/capital demands.Positive Updates
Strategic Power Contracts and Pipeline Growth
Signed major agreements to deliver distributed power: a framework with Vantage Data Centers anchored by a firm 400 MW reservation for 2027, and a 330 MW reservation for a Texas project (phased online Q4 2027 and Q2 2028). Company plans to deploy ~3 GW of power projects by 2029 and expects delivery of ~500 MW of power generation equipment by 2026.
Negative Updates
Full Year Revenue Decline
Full-year 2025 revenue was $4.0B versus $4.3B in 2024, a decrease of approximately 7.0% year-over-year, reflecting softer industry completions activity and pricing headwinds.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic Power Contracts and Pipeline Growth
Signed major agreements to deliver distributed power: a framework with Vantage Data Centers anchored by a firm 400 MW reservation for 2027, and a 330 MW reservation for a Texas project (phased online Q4 2027 and Q2 2028). Company plans to deploy ~3 GW of power projects by 2029 and expects delivery of ~500 MW of power generation equipment by 2026.
Read all positive updates
Company Guidance
Liberty guided to aggressive multi-year power growth while moderating near‑term oilfield profitability: the company expects to deploy ~3 GW of power projects by 2029 (with ~500 MW of generation deliveries into 2026), targeting high‑teens unlevered returns on long‑duration ESAs and roughly $1.0M/MW generation cost (≈$1.5–$1.6M/MW all‑in with balance‑of‑plant); 2026 revenue is expected to be approximately flat year‑over‑year, but adjusted EBITDA to be lower as completions pricing softens (low‑ to mid‑single‑digit declines vs. 2H‑2025) and LPI expansion drives $15–$20M of incremental development/overhead; capital plans include ~ $250M of completions capex in 2026 (≈$175M maintenance), ~ $275–$350M of long‑lead deposits and ~$450–$550M of project‑related spend (with the latter largely funded by project financing), and the company expects to move most deposits into project financing as projects are assigned; near‑term seasonality and winter weather should pressure Q1 revenue and adjusted EBITDA, the 2026 effective tax rate is expected at ~25% with no material cash taxes, and year‑end balance sheet/2025 metrics included $28M cash, $219M net debt, $281M total liquidity, $4.0B 2025 revenue, $634M adjusted EBITDA (FY), $158M adjusted EBITDA (Q4), and $77M returned to shareholders in 2025.Liberty Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.01B | 4.32B | 4.75B | 4.15B | 2.47B |
| Gross Profit | 457.92M | 609.61M | 977.04M | 677.16M | -41.90M |
| EBITDA | 735.83M | 941.01M | 1.19B | 745.25M | 100.57M |
| Net Income | 147.87M | 316.01M | 556.32M | 399.60M | -179.24M |
Balance Sheet | |||||
| Total Assets | 3.56B | 3.30B | 3.03B | 2.58B | 2.04B |
| Cash, Cash Equivalents and Short-Term Investments | 27.55M | 19.98M | 36.78M | 43.68M | 20.00M |
| Total Debt | 873.37M | 533.61M | 405.31M | 348.92M | 243.63M |
| Total Liabilities | 1.48B | 1.32B | 1.19B | 1.08B | 810.22M |
| Stockholders Equity | 2.08B | 1.98B | 1.84B | 1.50B | 1.21B |
Cash Flow | |||||
| Free Cash Flow | 14.11M | 178.34M | 411.29M | 71.04M | -63.33M |
| Operating Cash Flow | 609.60M | 829.37M | 1.01B | 530.36M | 135.47M |
| Investing Cash Flow | -435.04M | -643.11M | -672.33M | -450.66M | -186.49M |
| Financing Cash Flow | -167.54M | -202.71M | -349.31M | -55.77M | 2.06M |
Liberty Energy Technical Analysis
Positive
29.04
Price Trends
26.41
Positive
22.24
Positive
17.24
Positive
Market Momentum
0.96
Positive
52.36
Neutral
41.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBRT, the sentiment is Positive. The current price of 29.04 is below the 20-day moving average (MA) of 29.36, above the 50-day MA of 26.41, and above the 200-day MA of 17.24, indicating a neutral trend. The MACD of 0.96 indicates Positive momentum. The RSI at 52.36 is Neutral, neither overbought nor oversold. The STOCH value of 41.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LBRT.
Liberty Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $1.62B | -94.30 | 2.93% | 2.94% | 4.20% | -59.96% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $4.71B | 20.22 | 7.25% | 1.78% | -12.05% | -46.45% | |
61 Neutral | $1.79B | 1,198.42 | 0.10% | ― | -11.65% | 87.57% | |
60 Neutral | $734.52M | -3.63 | -16.46% | ― | -11.02% | ― | |
54 Neutral | $2.28B | ― | -5.25% | ― | 3.18% | -53.71% | |
52 Neutral | $1.20B | -1.69 | -41.79% | ― | -11.92% | -53.72% |
* Energy Sector Average
LBRT
Liberty Energy
28.86
13.38
86.45%
OIS
Oil States International
11.58
6.43
124.85%
RES
RPC
7.15
1.82
34.17%
DNOW
Now
11.62
-5.46
-31.97%
PUMP
Propetro Holding
14.65
7.30
99.32%
ACDC
ProFrac Holding
6.28
-1.31
-17.26%
Liberty Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Liberty Energy Completes Upsized Convertible Notes Offering
Positive
Mar 30, 2026
On March 30, 2026, Liberty Energy Inc. completed a private offering of $475 million of 0.00% Convertible Senior Notes due 2032, which was upsized after initial purchasers exercised a $50 million option, generating net proceeds of about $511.3 mill...
Business Operations and StrategyPrivate Placements and Financing
Liberty Oilfield Services Raises Capital via Convertible Notes
Positive
Feb 6, 2026
On February 6, 2026, Liberty Energy Inc. completed a private offering of $700 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031, after initial purchasers exercised in full a $70 million overallotment option on February ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Liberty Oilfield Services amends revolving credit facility terms
Positive
Feb 3, 2026
On February 3, 2026, Liberty Energy Inc. amended its existing revolving credit agreement, originally effective July 24, 2025, which provides a $750 million asset-based revolving credit facility backed by eligible receivables and inventory. The ame...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.