Liberty Energy Announces Quarterly Cash Dividend

Rhea-AI Summary

Liberty Energy Inc. (NYSE: LBRT) has announced a quarterly cash dividend of $0.07 per share of Class A common stock, payable on June 20, 2024, to shareholders of record as of June 6, 2024. The Board of Directors will continue to evaluate future dividend declarations based on market conditions and capital availability.

Positive

• The announcement of a $0.07 per share quarterly cash dividend for Liberty Energy Inc. (NYSE: LBRT) demonstrates the company's commitment to rewarding its shareholders.
• Shareholders of record as of June 6, 2024, will receive the dividend payment on June 20, 2024.
• The Board of Directors will assess future dividend declarations based on market conditions and capital availability, indicating a prudent approach to managing shareholder returns.

Negative

• None.

DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on June 20, 2024, to holders of record as of June 6, 2024.

Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on market conditions and capital availability.

About Liberty

Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at IR@libertyenergy.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416945811/en/

Michael Stock

Chief Financial Officer

Anjali Voria, CFA

Director of Investor Relations

303-515-2851

IR@libertyenergy.com

Source: Liberty Energy Inc.

FAQ

What is the dividend amount per share announced by Liberty Energy Inc. (NYSE: LBRT)?

Liberty Energy Inc. (NYSE: LBRT) has declared a dividend of $0.07 per share of Class A common stock.

When will the dividend be paid to shareholders of Liberty Energy Inc. (NYSE: LBRT)?

The dividend will be paid on June 20, 2024, to shareholders of record as of June 6, 2024.

How does the Board of Directors of Liberty Energy Inc. (NYSE: LBRT) determine future dividend adjustments?

Future dividends may be adjusted at the Board's discretion based on market conditions and capital availability.