Liberty Energy Announces Quarterly Cash Dividend

Rhea-AI Summary

Liberty Energy Inc. (NYSE: LBRT) has declared a dividend of $0.05 per share of Class A common stock, scheduled for payment on June 20, 2023, to shareholders of record as of June 6, 2023. The decision for future dividends will depend on the Board of Directors' approval and their assessment of market conditions and capital availability. Liberty is known for its innovative energy services in North America, focusing on sustainable development in the oil and natural gas sector since its founding in 2011. The company is headquartered in Denver, Colorado.

Positive

• Declared a dividend of $0.05 per share, enhancing shareholder income.

Negative

• Future dividend declarations depend on market conditions and capital availability, indicating potential uncertainty.

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 $0.05 per share of Class A common stock, to be paid on June 20, 2023 to holders of record as of June 6, 2023.

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/20230418006212/en/

Michael Stock

Chief Financial Officer



Anjali Voria, CFA

Strategic Finance & Investor Relations Lead



303-515-2851

IR@libertyenergy.com

Source: Liberty Energy Inc.

FAQ

What is the dividend amount declared by Liberty Energy Inc.?

Liberty Energy Inc. declared a dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 20, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is June 6, 2023.

Are future dividends guaranteed by Liberty Energy Inc.?

Future dividends are subject to Board approval and market conditions.

What is Liberty Energy Inc.'s focus in the energy sector?

Liberty focuses on developing innovative completion services and technologies for sustainable energy resource development.