Liberty Energy Inc. (NYSE: LBRT) reported its financial and operational results for the third quarter of 2026. The company announced a quarterly cash dividend increase of 11% to $0.10 per share, effective in the fourth quarter of 2026.
For the three months ended September 30, 2026, Liberty reported revenue of $1.2 billion. This figure represents a 26% year-over-year increase from the same period in 2025 and a 1% increase from the second quarter of 2026. The company reported a net loss of $39 million for the quarter, or $(0.24) fully diluted earnings per share (EPS). Adjusted Net Income was reported at $10 million, or $0.06 Adjusted Net Income per Diluted Share. Adjusted EBITDA for the quarter was $142 million.
During the quarter, Liberty paid a quarterly cash dividend of $0.09 per share, totaling approximately $15 million to shareholders. On October 20, 2026, the Board of Directors declared a cash dividend of $0.10 per share, scheduled to be paid on December 18, 2026, to shareholders of record as of December 4, 2026.
The company highlighted record natural gas substitution across its frac fleets, with natural gas fueling over 60% of the total fuel consumed. Liberty stated this achievement provided annualized fuel savings of over $1 billion for its customers. Additionally, the company’s power division, Liberty Power Innovations (LPI), entered into a strategic development agreement with a leading frontier AI lab and a dedicated infrastructure platform. This agreement targets the delivery of 1.2 gigawatts (GW) of integrated power services at data center campuses, with the first energy service agreement contract for approximately 500 megawatts (MW) targeted for execution by December 2026.
Regarding its balance sheet, as of September 30, 2026, Liberty had cash on hand of $119 million and total debt of approximately $1.3 billion. Total liquidity, including availability under a secured asset-based revolving credit facility, was approximately $669 million.
