Liberty Energy Announces Quarterly Cash Dividend

Rhea-AI Summary

Liberty Energy (NYSE: LBRT) has announced a quarterly cash dividend of $0.07 per share of Class A common stock. The dividend will be paid on September 20, 2024, to shareholders of record as of September 6, 2024. This decision demonstrates the company's commitment to returning value to shareholders. However, it's important to note that future dividend declarations are subject to Board approval and may be adjusted based on market conditions and capital availability. The Board will continue to assess whether dividend declarations are in the best interests of Liberty and its stockholders.

Positive

• Declared a quarterly cash dividend of $0.07 per share
• Commitment to returning value to shareholders

Negative

• Future dividends subject to Board approval and market conditions
• Potential for dividend adjustments based on capital availability

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 September 20, 2024, to holders of record as of September 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/20240716297884/en/

Michael Stock

Chief Financial Officer

Anjali Voria, CFA

Director of Investor Relations

303-515-2851

IR@libertyenergy.com

Source: Liberty Energy Inc.

FAQ

When will Liberty Energy (LBRT) pay its next dividend?

Liberty Energy (LBRT) will pay its next dividend on September 20, 2024, to shareholders of record as of September 6, 2024.

What is the amount of Liberty Energy's (LBRT) quarterly dividend?

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

Are Liberty Energy's (LBRT) future dividends guaranteed?

No, Liberty Energy's (LBRT) future dividends are not guaranteed. They are subject to Board approval and may be adjusted based on market conditions and capital availability.

What factors could affect Liberty Energy's (LBRT) future dividend payments?

Liberty Energy's (LBRT) future dividend payments could be affected by market conditions, capital availability, and the Board's assessment of whether dividends are in the best interests of the company and its stockholders.