Liberty Energy LBRT
NYSE LBRT
$22.07 +0.67 (+3.13%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Liberty Energy (LBRT) posted Operating Expenses of $1.2 billion for Q2 2026, up 17.72% on a QoQ basis from $998.9 million in Q1 2026, and up 16.95% year-over-year from $1.0 billion in Q2 2025.

Analysis

Liberty Energy (LBRT) Operating Expenses (2017 - 2026) Analysis & Trends

Liberty Energy has reported Operating Expenses for 10 years, with the latest figure at $1.2 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 16.95% year-over-year to $1.2 billion in Q2 2026; TTM through Jun 2026 was $4.1 billion, a 5.84% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, changed 0.2% from the prior year.
  • Operating Expenses was $1.2 billion for Q2 2026 at Liberty Energy, up from $998.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.2 billion in Q2 2026, with the low at $788.9 million in Q1 2022.
  • Average Operating Expenses over 5 years is $981.9 million, with a median of $1.0 billion recorded in 2022.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 45.0% in 2022, then fell 7.9% in 2025.
  • Over 5 years, Operating Expenses stood at $1.0 billion in 2022, then declined by 7.39% to $951.2 million in 2023, then retreated by 3.42% to $918.6 million in 2024, then increased by 10.91% to $1.0 billion in 2025, then rose by 15.41% to $1.2 billion in 2026.
  • The last three Operating Expenses figures came in at $1.2 billion (Q2 2026), $998.9 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 85.35 Bn 82.46 Bn 4.63 Bn 324.00 Mn
2 Baker Hughes 63.03 Bn 47.48 Bn 1.58 Bn 723.00 Mn
3 Halliburton 30.89 Bn 28.89 Bn 2.10 Bn 4.94 Bn
4 Weatherford International 6.88 Bn 5.75 Bn 662.00 Mn 998.00 Mn
5 Kodiak Gas Services 6.31 Bn 6.18 Bn 246.76 Mn 266.88 Mn
6 Tidewater 4.69 Bn 4.07 Bn 161.54 Mn 279.76 Mn
7 USA Compression Partners 3.95 Bn 3.94 Bn 217.36 Mn 241.76 Mn
8 National Energy Services Reunited 3.50 Bn 3.32 Bn 81.29 Mn 12.02 Mn
9 Liberty Energy 3.36 Bn 2.80 Bn 208.34 Mn 1.18 Bn
10 Select Water Solutions 2.55 Bn 2.61 Bn 76.84 Mn 42.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.18 Bn
Mar 31, 2026 998.91 Mn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 949.82 Mn
Jun 30, 2025 1.01 Bn
Mar 31, 2025 959.29 Mn
Dec 31, 2024 918.65 Mn
Sep 30, 2024 1.03 Bn
Jun 30, 2024 1.02 Bn
Mar 31, 2024 957.69 Mn
Dec 31, 2023 951.20 Mn
Sep 30, 2023 1.01 Bn
Jun 30, 2023 988.51 Mn
Mar 31, 2023 1.04 Bn
Dec 31, 2022 1.03 Bn
Sep 30, 2022 1.01 Bn
Jun 30, 2022 832.02 Mn
Mar 31, 2022 788.93 Mn
Dec 31, 2021 747.17 Mn
Sep 30, 2021 693.29 Mn