Liberty Energy (LBRT) Accumulated Expenses (2016 - 2026)
Liberty Energy's Accumulated Expenses was $292.94 million in Q3 2026, up 45.1% from $201.85 million a year earlier and up 14.0% from the prior quarter.
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Analysis
Liberty Energy (LBRT) Accumulated Expenses (2016 - 2026) Analysis & Trends
At the end of FY2025, Accumulated Expenses at Liberty Energy came in at $232.15 million, up 12.3% from FY2024.
- Accumulated Expenses shows a five-year compound annual growth rate of 14.4% (FY2020 to FY2025).
- In earlier years, Accumulated Expenses was $206.71 million in FY2024 (-20.8%), $261.07 million in FY2023 (-7.0%), $280.68 million in FY2022 (+19.4%) and $235.12 million in FY2021 (+98.6%).
- The Q3 2026 figure marks the highest quarterly Accumulated Expenses in data going back to Q4 2017.
- Compared with a year earlier, Accumulated Expenses has increased for four straight quarters, with growth averaging 4.7% over the last eight quarters.
- The best year-over-year quarter for Accumulated Expenses over five years was Q4 2021 (growth of 98.6%); the worst was Q4 2024 (a decline of 20.8%).
- Per Business Quant data, LBRT's Accumulated Expenses in the three quarters before Q3 2026 was $256.91 million (Q2 2026), $264.59 million (Q1 2026) and $232.15 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 73.67 Bn | 71.28 Bn | 1.57 Bn |
| 2 | Baker Hughes | 47.44 Bn | 9.59 Bn | 1.96 Bn |
| 3 | Halliburton | 26.34 Bn | 18.29 Bn | 840.00 Mn |
| 4 | TechnipFMC | 25.18 Bn | 21.15 Bn | 728.70 Mn |
| 5 | Noble | 6.56 Bn | 4.64 Bn | 228.22 Mn |
| 6 | Nov | 6.31 Bn | 1.25 Bn | 439.00 Mn |
| 7 | Weatherford International | 6.11 Bn | 1.89 Bn | 374.00 Mn |
| 8 | Transocean | 5.79 Bn | 3.83 Bn | 348.00 Mn |
| 9 | Valaris | 5.48 Bn | 3.23 Bn | 176.30 Mn |
| 10 | Liberty Energy | 2.04 Bn | 638.74 Mn | 201.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 292.94 Mn |
| Jun 30, 2026 | 256.91 Mn |
| Mar 31, 2026 | 264.59 Mn |
| Dec 31, 2025 | 232.15 Mn |
| Sep 30, 2025 | 201.85 Mn |
| Jun 30, 2025 | 244.51 Mn |
| Mar 31, 2025 | 219.35 Mn |
| Dec 31, 2024 | 206.71 Mn |
| Sep 30, 2024 | 240.64 Mn |
| Jun 30, 2024 | 249.35 Mn |
| Mar 31, 2024 | 234.90 Mn |
| Dec 31, 2023 | 261.07 Mn |
| Sep 30, 2023 | 268.02 Mn |
| Jun 30, 2023 | 265.34 Mn |
| Mar 31, 2023 | 239.75 Mn |
| Dec 31, 2022 | 280.68 Mn |
| Sep 30, 2022 | 286.50 Mn |
| Jun 30, 2022 | 269.65 Mn |
| Mar 31, 2022 | 247.09 Mn |
| Dec 31, 2021 | 235.12 Mn |
API Access
Liberty Energy Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=LBRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "LBRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=LBRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();