Q2 25 EPS
$0.43
BEAT +218.52%
Est. $0.14
Q2 25 Revenue
$1.04B
BEAT +3.87%
Est. $1.00B
vs S&P Since Q2 25
+63.8%
BEATING MARKET
LBRT +81.7% vs S&P +17.9%
Market Reaction
Did LBRT Beat Earnings? Q2 2025 Results
Liberty Energy posted a headline earnings beat in Q2 2025 that masked a more complicated underlying picture. The Houston-based pressure pumping company reported EPS of $0.43, clearing the $0.14 consensus estimate by 218.52%, though a $68.24 million g… Read more Liberty Energy posted a headline earnings beat in Q2 2025 that masked a more complicated underlying picture. The Houston-based pressure pumping company reported EPS of $0.43, clearing the $0.14 consensus estimate by 218.52%, though a $68.24 million gain on investments was the primary driver, strip that out and adjusted EPS fell to just $0.12 per diluted share, reflecting real pricing pressure across the completions market. Revenue of $1.04 billion edged past the $1.00 billion consensus by 3.87%, though year-over-year comparisons remained difficult, with the top line down 10.1% from a stronger Q2 2024. Sequentially, the story was more encouraging: revenue climbed 7% and Adjusted EBITDA rose 8% to $180.80 million, driven by record operational efficiencies and higher fleet utilization. Looking ahead, management struck a cautious tone, warning that completions activity is expected to gradually slow through the second half of 2025, prompting plans to modestly trim the deployed fleet while repositioning horsepower toward its expanded simulfrac offering and accelerating growth in power generation through strategic data-center and industrial collaborations.
Key Takeaways
- • Record operational efficiencies and increased utilization offset industry pricing headwinds
- • Leveraging full suite of completion services including frac, wireline, sand, logistics, fueling services and engineering and diagnostic tools
- • Sequential revenue increase of 7% driven by higher activity levels despite softening industry completions activity
- • Gain on investments of $68.2 million significantly boosted GAAP net income
LBRT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Liberty delivered an exceptional second quarter amidst increased macroeconomic uncertainty and energy sector volatility. Revenue and Adjusted EBITDA increased 7% and 8% sequentially, respectively, against an industry backdrop of softening completions activity. This strong performance is a direct reflection of the outstanding contributions of our team, safely driving record efficiencies and increased utilization that more than offset industry pricing headwinds.”
— Ron Gusek, Q2 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% |