Liberty Energy

Liberty Energy helps oil and gas companies extract resources from underground. The company’s technology supports safer, cleaner energy production for its clients.

Tools of the Trade: What Liberty Energy Sells

• Hydraulic fracturing services: Uses high-pressure fluid to release oil and gas from rock layers; main revenue driver (100% of revenue reported as a single segment).
• Wireline services: Provides tools and data for well completion and monitoring; supports oil and gas producers.
• Proppant delivery: Supplies and transports sand to keep fractures open during extraction; includes logistics and software.
• Field gas processing and CNG delivery: Treats and delivers natural gas for use in drilling operations; helps reduce fuel costs.
• Data analytics and optimization: Offers real-time data and software to improve drilling efficiency and safety.

Growth Spurts: Liberty’s Expansion Moves

• Acquired Siren Energy & Logistics in April 2023 to expand natural gas delivery and compression.
• Launched Liberty Power Innovations (LPI) distributed power business in January 2025.
• Increased active hydraulic fracturing fleets from 30 (2021) to 40 (2024).
• Expanded proprietary technology offerings, including electric and hybrid frac pumps, since 2023.
• Owns and operates two sand mines in the Permian Basin since before 2021.

Why Liberty Energy Stands Out (Without the Hype)

Liberty Energy controls its supply chain, from sand mining to fuel delivery. The company invests in new technology to lower emissions and improve efficiency. Its focus on data and engineering helps clients drill faster and safer.

Five Things You Need to Know

• Q4 2025 revenue was $1.04 billion, up 10.1% from Q4 2024.
• Full-year 2024 revenue was $4.32 billion, down 9% from 2023.
• Operating income for 2024 was $389.5 million, down from $760.6 million in 2023.
• Cash flow from operations was $829.4 million in 2024, down from $1.01 billion in 2023.

Bottom Line

Liberty Energy has grown by expanding its technology and service offerings. The company adapts to industry cycles with a focus on efficiency and innovation.