Welcome to our dedicated page for Liberty Energy news (Ticker: LBRT), a resource for investors and traders seeking the latest updates and insights on Liberty Energy stock.
Liberty Energy Inc. (LBRT) delivers innovative hydraulic fracturing and integrated energy services to North American oil and gas operators. This page provides a centralized source for all official company announcements, press releases, and market-moving developments.
Investors and industry professionals will find timely updates on earnings reports, operational milestones, technology advancements, and strategic partnerships. Our curated feed ensures access to essential information, including updates on wireline services, field gas processing innovations, and sustainability initiatives.
Key content categories include quarterly financial results, equipment fleet expansions, data analytics applications, and regulatory developments. Bookmark this page to monitor how LBRT's technology-driven approach continues shaping efficient energy solutions across major U.S. and Canadian basins.
Tamboran Resources has initiated stimulation activities for the Shenandoah South 2H sidetrack (SS-2H ST1) and 3H (SS-3H) wells in the Beetaloo Basin EP 98. The campaign includes up to 119 stimulation stages across both wells, with SS-2H ST1 planned for 43 stages over 5,427 feet and SS-3H planned for 76 stages over 9,766 feet.
The operation utilizes Liberty Energy's modern stimulation equipment - the first 80,000 hydraulic horsepower frac spread imported from the US to the Beetaloo Basin. This increased horsepower is expected to deliver >25% increase in proppant intensity of >2,800 pounds per foot compared to the previous Shenandoah South 1H well. The wells are planned to provide energy to the Northern Territory through the proposed 40 MMcf/d Shenandoah South Pilot Project.
Liberty Energy (NYSE: LBRT) has announced a quarterly cash dividend of $0.08 per share of Class A common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of March 6, 2025. The company's Board of Directors maintains discretion over future dividend declarations, which will be based on market conditions, capital availability, and the best interests of Liberty and its stockholders.
Liberty Energy (NYSE: LBRT) has announced the appointment of Arjun Murti to its Board of Directors. Murti brings over 30 years of experience as an equity research analyst, advisor, and board member in the global energy sector. He currently serves as a Partner at Veriten and as a Senior Advisor at Warburg Pincus. His previous roles include Partner at Goldman Sachs (2006-2014), where he also served as Co-Director of Equity Research for the Americas.
Murti's extensive career includes positions at JP Morgan Investment Management and Petrie Parkman. He has been a board member at ConocoPhillips since 2015, where he chairs the audit and finance committee. The appointment was announced by Ron Gusek, President and named successor to the chief executive officer, who emphasized Murti's expertise in energy markets, policy, and strategy as complementary additions to Liberty's board.
Liberty Energy (NYSE: LBRT) has scheduled the release of its fourth quarter and full year 2024 financial results after market close on Wednesday, January 29, 2025. The company will host a conference call to discuss the results on Thursday, January 30, 2025, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time).
The results presentation will be led by Ron Gusek, President and named successor to the Chief Executive Officer, alongside Michael Stock, Chief Financial Officer. The conference call will be accessible via phone and webcast, with replay options available until February 6, 2025.
Liberty Energy (NYSE: LBRT) and DC Grid have announced a strategic collaboration through a memorandum of understanding to deliver advanced power solutions. The partnership combines Liberty's power infrastructure and operational expertise with DC Grid's DC-based off-grid modular power systems to address growing energy demands in critical infrastructure sectors.
The collaboration focuses on providing solutions for commercial fleet EV charging hubs and data centers. DC Grid's systems offer higher power conversion efficiency and simplified architecture, reducing energy consumption and emissions. Small-scale power outputs can be deployed within three months for EV charging hubs, while larger installations of hundreds of megawatts for data centers take 12-18 months.
Liberty's contribution through its Liberty Power Innovations (LPI) subsidiary includes low emissions mobile power generation with fuel flexibility, supporting natural gas, RNG, and hydrogen. The modular design allows scaling alongside growing customer demands while ensuring operational reliability in harsh environments.
Liberty Energy (NYSE: LBRT) announced that its Founder, Chairman, and CEO Chris Wright has been nominated by President-elect Trump as U.S. Secretary of Energy. The appointment is subject to Senate confirmation. As part of the company's succession plan, upon Wright's confirmation, William Kimble will be appointed as non-executive Chairman and Ron Gusek as CEO. Kimble has been a Board member since 2018 and Lead Director since October 2018. Gusek, who joined Liberty in 2014, has served as President since November 2016.
Liberty Energy Inc. (NYSE: LBRT) reported its Q3 2024 financial results with revenue of $1.1 billion, a 2% sequential decrease. The company achieved net income of $74 million, or $0.44 fully diluted earnings per share, and Adjusted EBITDA of $248 million. Liberty delivered a 22% TTM Adjusted Pre-Tax Return on Capital Employed and distributed $51 million to shareholders through share repurchases and cash dividends.
The company increased its quarterly cash dividend by 14% to $0.08 per share starting Q4 2024. Liberty's fleet technology transition is on track to start 2025 with 90% of fleets primarily powered by natural gas. The company also shipped a fleet to Australia, with completions activity commencing in Q4. Despite a slowing demand environment, Liberty reached new efficiency heights, pumping more hours in a quarter than ever before.
Liberty Energy Inc. (NYSE: LBRT) has announced a 14% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.08 per share of Class A common stock, up from the previous $0.07 per share. This dividend will be paid on December 20, 2024, to shareholders of record as of December 6, 2024.
CEO Chris Wright stated that this increase aligns with Liberty's long-term goal of generating strong total shareholder value, including a balanced return of capital program. The company's focus on investing in innovative businesses and leading-edge technologies is expected to expand its competitive advantage and market opportunities in the coming years.
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.
Liberty Energy Inc. (NYSE: LBRT) has announced the timing for the release of its third quarter 2024 financial results. The company will release its results after market close on Wednesday, October 16, 2024, followed by a conference call on Thursday, October 17, 2024, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time).
The conference call will feature presentations by Chris Wright (CEO), Ron Gusek (President), and Michael Stock (CFO). Interested parties can participate by dialing (833) 255-2827 for domestic callers or (412) 902-6704 for international callers. A live webcast will be available at http://investors.libertyfrac.com for 90 days following the call. A telephone replay will be accessible until October 24, 2024.
Tamboran Resources (NYSE: TBN, ASX: TBN) has commenced its Shenandoah South (SS) Pilot Project drilling program in EP 98. The company has spudded the SS-2H well, targeting the Middle Velkerri B Shale at a depth of approximately 9,910 feet. This will be followed by the SS-3H well, both designed with a 10,000-foot horizontal section and up to 60 stimulation stages each.
The drilling program utilizes Helmerich & Payne's super-spec FlexRig® Flex 3 rig and Liberty Energy's modern frac fleet, recently mobilized from the US. Initial flow test results are expected in Q1 2025, with production from the SS Pilot Project anticipated to commence in H1 2026, subject to approvals. This campaign represents the largest single campaign in the Beetaloo Basin to date.
