Liberty Energy, Inc. Class A (LBRT)

In April 2025, Liberty Energy's stock declined due to macroeconomic headwinds, a slowdown in industry frac activity, and market pricing pressure, with Q4 earnings meeting expectations but missing consensus estimates. In October 2025, the stock surged by 28% following its Q3 earnings report, driven by excitement surrounding its developing power generation business, despite sequential declines in revenue and adjusted EBITDA. The company announced a 13% increase in its quarterly cash dividend. Analyst ratings have varied, with Weiss Ratings downgrading Liberty Energy to "Sell," while Citigroup upgraded the stock to "Buy," and Morgan Stanley upgraded the stock to "Overweight."

Demand for Liberty Energy's products and services exhibits seasonality, with the company anticipating a typical low double-digit decline in activity in the fourth quarter. However, Liberty Energy is also preparing for an upward swing in industry activity by 2026.

Liberty Energy, Inc. is an energy services company focused on onshore oil, natural gas, and enhanced geothermal energy producers in North America. It specializes in hydraulic fracturing and offers a range of services, including wireline services, proppant delivery, field gas processing, CNG delivery, and data analytics. The company also manages sand mine operations and provides well site fueling and logistics. Through Liberty Power Innovations LLC, it offers advanced distributed power and energy storage solutions. Liberty Energy is known for its innovation and environmentally conscious practices, investing in electric fleets and data analytics.

Liberty Energy, Inc. operates across all active shale basins in North America, including the Permian Basin, Williston Basin, Eagle Ford Shale, Haynesville Shale, Denver-Julesburg Basin, Western Canadian Sedimentary Basin, Powder River Basin, Appalachian Basin (Marcellus Shale and Utica Shale), Anadarko Basin, Uinta Basin, and San Juan Basin.

Liberty Energy has maintained a reputation for innovation and environmentally conscious practices, emphasizing technological leadership through investments in electric fleets and data analytics. Strategic partnerships and a strong customer focus also contribute to its standing. However, Weiss Ratings downgraded Liberty Energy to a "Sell" rating. The company has garnered positive attention for its strategic pivot towards advanced distributed power and energy storage solutions, partnering with Oklo to meet energy needs for large-scale customers.

Liberty Energy Inc. features a mix of institutional, retail, and insider ownership. Institutional investors hold a significant portion of the company's shares, with major holders including BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, Fmr Llc, American Century Companies Inc, and Macquarie Group Ltd. Schlumberger is the largest individual shareholder, owning 37.23% of the company.