Liberty Energy (LBRT) Operating Expenses (2017 - 2026)
Liberty Energy (LBRT) posted quarterly Operating Expenses of $1.2 billion for Q2 2026, up 16.95% year-over-year from $1.0 billion in Q2 2025, and up 17.72% quarter-over-quarter from $998.9 million in Q1 2026.
Liberty Energy (LBRT) Operating Expenses (2017 - 2026) Analysis & Trends
Liberty Energy's Operating Expenses history runs 10 years deep, the most recent figure standing at $1.2 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 16.95% year-over-year to $1.2 billion; the TTM figure through Jun 2026 stood at $4.1 billion (up 5.84% YoY), while the FY2025 annual figure was $3.9 billion, changed 0.2% from the prior year.
- Operating Expenses for Q2 2026 stood at $1.2 billion, 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.
- The 5-year median for Operating Expenses is $1.0 billion (2022), against an average of $981.9 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 45.0% in 2022, then dropped 7.9% in 2025.
- Liberty Energy's Operating Expenses stood at $1.0 billion in 2022, then slipped by 7.39% to $951.2 million in 2023, then declined by 3.42% to $918.6 million in 2024, then climbed by 10.91% to $1.0 billion in 2025, then grew by 15.41% to $1.2 billion in 2026.
- Business Quant data shows LBRT's Operating Expenses at $1.2 billion in Q2 2026, $998.9 million in Q1 2026, and $1.0 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Liberty Energy | 3.14 Bn | 2.59 Bn | 208.34 Mn | 1.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |