Liberty Energy (LBRT) Operating Expenses (2017 - 2026)

Liberty Energy's Operating Expenses history runs 10 years deep, the most recent figure standing at $998.9 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 4.13% year-over-year to $998.9 million in Q1 2026; TTM through Mar 2026 was $4.0 billion, a 1.16% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, changed 0.2% from the prior year.
• Operating Expenses slipped to $998.9 million in Q1 2026 per LBRT's latest filing, from $1.0 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $1.0 billion in Q1 2023 and bottomed at $788.9 million in Q1 2022.
• The 5-year median for Operating Expenses is $998.9 million (2026), against an average of $970.5 million.
• Across the five-year window, Operating Expenses soared 45.0% in 2022 and retreated 7.9% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $1.0 billion in 2022, then dropped by 7.39% to $951.2 million in 2023, then fell by 3.42% to $918.6 million in 2024, then grew by 10.91% to $1.0 billion in 2025, then declined by 1.96% to $998.9 million in 2026.
• Per Business Quant, the three latest LBRT Operating Expenses figures stand at $998.9 million (Q1 2026), $1.0 billion (Q4 2025), and $949.8 million (Q3 2025).