Q1 25 EPS
$0.12
BEAT +301.34%
Est. $0.03
Q1 25 Revenue
$977.5M
BEAT +3.06%
Est. $948.5M
vs S&P Since Q1 25
+50.6%
BEATING MARKET
LBRT +93.3% vs S&P +42.7%
Market Reaction
Did LBRT Beat Earnings? Q1 2025 Results
Liberty Energy posted a stronger-than-expected first quarter, with earnings of $0.12 per diluted share clearing the $0.03 consensus estimate by 301.34%, a gap driven in large part by a $19.29 million net gain on investments rather than core operation… Read more Liberty Energy posted a stronger-than-expected first quarter, with earnings of $0.12 per diluted share clearing the $0.03 consensus estimate by 301.34%, a gap driven in large part by a $19.29 million net gain on investments rather than core operational outperformance. Revenue came in at $977.46 million, edging past the $948.46 million consensus by 3.06%, though the top line still fell 8.9% from the year-ago quarter's $1.07 billion as compressed margins continue to weigh on the completion services industry. Adjusted EBITDA of $168.15 million improved 8% sequentially but remained 31% below Q1 2024 levels, reflecting the sector's ongoing pricing pressure. On the strategic front, Liberty's acquisition of IMG Energy Solutions broadened its power services footprint into distributed power and utility markets, a move that signals the company's longer-term push beyond the oilfield into data centers and industrial electrification. Management guided for sequential revenue and profitability growth in Q2, citing higher utilization and a "flight to quality" among E&P customers, even as tariff uncertainty and OPEC+ supply strategy cloud the broader macro backdrop.
Key Takeaways
- • Strong sequential improvement in fleet utilization from Q4 2024
- • 4% sequential revenue increase driven by higher utilization
- • New heights in operational efficiencies and safety performance
- • Excess demand for Liberty services from 'flight to quality' among E&P customers
LBRT YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“Liberty delivered a solid first quarter, with revenue of $977 million and Adjusted EBITDA of $168 million, and distributed $37 million to shareholders through opportunistic share repurchases and dividends. We saw strong sequential improvement in utilization across our fleet, reached new heights in operational efficiencies and safety performance, and set a new high watermark in asset lifespan for equipment components. Our early year results demonstrate a positive rebound from the fourth quarter of 2024, a trend that has continued into the second quarter.”
— Ron Gusek, Q1 2025 Earnings Press Release
LBRT Earnings Trends
LBRT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LBRT EPS Trend
Earnings per share: estimate vs actual
LBRT Revenue Trend
Quarterly revenue: estimate vs actual
LBRT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.14 | $0.14 | +203.32% | $1.02B | +6.51% |
| Q4 25 BEAT FY | $-0.17 | $0.08 | +145.90% | $1.04B | +17.79% |
| FY Full Year | — | $0.89 | — | $4.01B | — |
| Q3 25 BEAT | $-0.06 | $0.26 | +506.25% | $947.4M | -1.92% |
| Q2 25 BEAT | $0.14 | $0.43 | +218.52% | $1.04B | +3.87% |
| Q1 25 BEAT | $0.03 | $0.12 | +301.34% | $977.5M | +3.06% |