Overview
Liberty Energy Q3 revenue falls 9% sequentially, missing analyst expectations
Adjusted EPS for Q3 was -$0.06, missing consensus estimates
Adjusted EBITDA for Q3 was $128 mln, below analyst expectations
Outlook
Liberty anticipates improved frac fundamentals later in 2026, assuming supportive commodity prices
Company plans to increase power generation capacity to over one gigawatt by 2027
Liberty sees strong demand for next-generation fleets offering fuel savings and efficiencies
Result Drivers
RECORD PUMPING EFFICIENCY - Liberty achieved highest combined average daily pumping efficiency and safety performance in its history, per CEO Ron Gusek
TECHNOLOGY INNOVATION - Liberty launched Forge, a large language model for intelligent asset orchestration, enhancing operational efficiencies
SLOWDOWN - Company achieved revenue of $947 million in the third quarter, despite a slowdown in industry completions activity and market pricing pressure
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $947.39 mln | $975.20 mln (9 Analysts) |
Q3 Adjusted EPS | Miss | -$0.06 | $0.01 (7 Analysts) |
Q3 Net Income | $43.05 mln | ||
Q3 Adjusted EBITDA | Miss | $127.67 mln | $145.50 mln (9 Analysts) |
Q3 Capex | $113.03 mln | ||
Q3 Operating Income | -$2.41 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Liberty Energy Inc is $13.00, about 8.2% above its October 16 closing price of $11.94
The stock recently traded at 358 times the next 12-month earnings vs. a P/E of 31 three months ago
Press Release: ID:nBw21L6pya
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)