Shares of Liberty Energy Inc. (LBRT) tumbled 8.79% in after-hours trading on Thursday, following the release of its third-quarter financial results that fell short of analyst expectations. The oilfield services company reported disappointing figures across key metrics, triggering a sell-off among investors.
According to the earnings report, Liberty Energy's Q3 revenue came in at $947.397 million, missing the IBES estimate of $975.2 million. More notably, the company's adjusted EBITDA for the quarter stood at $127.679 million, significantly below the IBES estimate of $145.5 million. The company also reported a net income of $43.055 million and capital expenditures of $113.034 million for the quarter.
Despite the earnings miss, Liberty Energy announced a 13% increase in its quarterly cash dividend to $0.09 per share, effective from the fourth quarter of 2025. This move, along with the appointment of Alice Yake (Jackson) to its Board of Directors, appears to have done little to offset investor concerns about the company's financial performance. As the market digests these mixed signals, all eyes will be on Liberty Energy's next moves to improve its operational efficiency and meet market expectations.