Liberty Energy (LBRT) Shares Outstanding (Diluted) (2018 - 2026)
Liberty Energy's Shares Outstanding (Diluted) was 167.66 million in Q2 2026, up 2.1% from 164.24 million a year earlier and up 0.8% from the prior quarter.
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Analysis
Liberty Energy (LBRT) Shares Outstanding (Diluted) (2018 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Liberty Energy came in at 165.37 million, down 2.4% from FY2024.
- Shares Outstanding (Diluted) has now declined for three consecutive years, though with a five-year compound annual growth rate of 14.2% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 169.4 million in FY2024 (-3.9%), 176.36 million in FY2023 (-6.9%), 189.35 million in FY2022 (+8.8%) and 174.02 million in FY2021 (+104.1%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q4 2024.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in two of the last eight quarters, with an average decline of 2.0%.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q3 2021 (growth of 109.9%); the worst was Q3 2023 (a decline of 8.4%).
- Per Business Quant data, LBRT's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 166.26 million (Q1 2026), 165.37 million (Q4 2025) and 165.07 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.22 Bn | 69.33 Bn | 1.40 Bn | 1.51 Bn |
| 2 | Baker Hughes | 55.21 Bn | 18.49 Bn | 1.58 Bn | 997.00 Mn |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 404.50 Mn |
| 4 | Halliburton | 26.59 Bn | 18.34 Bn | 804.00 Mn | 838.00 Mn |
| 5 | Nov | 6.76 Bn | 1.55 Bn | 521.00 Mn | 362.00 Mn |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 159.57 Mn |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 1.20 Bn |
| 8 | Weatherford International | 5.63 Bn | 1.57 Bn | 333.00 Mn | 72.20 Mn |
| 9 | Valaris | 5.51 Bn | 3.13 Bn | 123.70 Mn | 70.40 Mn |
| 10 | Liberty Energy | 3.02 Bn | 1.72 Bn | 208.34 Mn | 167.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 167.66 Mn |
| Mar 31, 2026 | 166.26 Mn |
| Dec 31, 2025 | 165.37 Mn |
| Sep 30, 2025 | 165.07 Mn |
| Jun 30, 2025 | 164.24 Mn |
| Mar 31, 2025 | 165.78 Mn |
| Dec 31, 2024 | 169.40 Mn |
| Sep 30, 2024 | 168.60 Mn |
| Jun 30, 2024 | 169.67 Mn |
| Mar 31, 2024 | 171.44 Mn |
| Dec 31, 2023 | 176.36 Mn |
| Sep 30, 2023 | 173.98 Mn |
| Jun 30, 2023 | 176.23 Mn |
| Mar 31, 2023 | 181.09 Mn |
| Dec 31, 2022 | 189.35 Mn |
| Sep 30, 2022 | 189.91 Mn |
| Jun 30, 2022 | 190.44 Mn |
| Mar 31, 2022 | 184.00 Mn |
| Dec 31, 2021 | 174.02 Mn |
| Sep 30, 2021 | 178.31 Mn |
API Access
Liberty Energy Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=LBRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=LBRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();