Liberty Energy Inc. (NYSE: LBRT)

Liberty Energy Inc. is a leading integrated energy services and technology company, providing innovative completions services and related technologies to onshore oil, natural gas, and enhanced geothermal exploration and production companies. The company offers hydraulic fracturing along with complementary services such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, related goods including sand mine operations, and technologies that facilitate lower emission completions. Liberty Energy Inc. has expanded from one active hydraulic fracturing fleet in December 2011 to approximately 40 active fleets as of March 31, 2026. Its services are primarily delivered in major oil and gas shale basins across North America and in the Northern Territory of Australia. The company also owns and operates LPI, which provides advanced distributed power and energy storage solutions for commercial and industrial, data center, energy, and mining industries.

Liberty Energy Inc. generates revenue through the delivery of completions services and related technologies to exploration and production companies. Revenue is derived from hydraulic fracturing operations, wireline services, proppant delivery, field gas processing and treating, compressed natural gas delivery, data analytics, sand mine operations, and the sale of technologies designed to reduce emissions during completions. Additionally, the company generates revenue from its LPI subsidiary through the provision of distributed power systems, energy storage solutions, and natural gas fueling services to commercial, industrial, data center, and mining customers. The company’s integrated supply chain, which includes proppant, chemicals, equipment, natural gas fueling services, logistics, and integrated software, supports wellsite efficiency and enhances productivity during completions jobs.

The company operates through the following segments: Completions Services and LPI.

• The Completions Services segment provides hydraulic fracturing and complementary services including wireline, proppant delivery, field gas processing and treating, compressed natural gas delivery, data analytics, sand mine operations, and emissions-reducing technologies to onshore oil, natural gas, and enhanced geothermal exploration and production companies.

• The LPI segment delivers advanced distributed power and energy storage solutions, including the Forte SM, Tempo SM, and Chorus SM systems, to commercial and industrial, data center, energy, and mining industries, with a focus on supporting power demand from data center development and other industrial applications.

Liberty Energy Inc. holds a leading position as one of the largest providers of innovative completions services and related technologies in North America and Australia. The company distinguishes itself through technical innovation, including proprietary databases for fracture design optimization, the Liberty Quiet Fleet® design, tailored hydraulic fracturing fluid systems, dual fuel dynamic gas blending fleets, digiFleets℠ with lower CO2e emissions, wet sand handling technology, and internally developed software for operations and logistics. Its strong relationships with customers and suppliers further reinforce its competitive advantage in the energy services industry.

Liberty Energy Inc. serves onshore oil, natural gas, and enhanced geothermal exploration and production companies across North America and Australia. Through its LPI segment, the company also serves commercial and industrial enterprises, data center operators, energy providers, and mining companies seeking distributed power and energy storage solutions. Specific customer names are not disclosed in the filing.