Liberty Energy Inc (NYSE: LBRT) shares closed higher on Wednesday after the company reported its fourth quarter and full year 2025 financial results. The stock ended the session at approximately $25.85, on the day, as traders responded to the latest earnings data. Current price and intraday move reflect the close of trading on the NYSE.
Latest Quarterly Results
For the quarter ended December 31, 2025 (Q4 2025), Liberty Energy reported revenue of $1.0 billion, up 10% from $944 million in the fourth quarter of 2024. Net income attributable to the company was $14 million, compared with $52 million in Q4 2024, reflecting a decline in profit year-on-year. Fully diluted earnings per share for Q4 2025 were $0.08, down from $0.31 in the year-ago quarter. Adjusted EBITDA for the quarter was $158 million, up 1% from $156 million in Q4 2024 and up 23% from the third quarter of 2025.
Full-Year Results Context
For the full year ended December 31, 2025, Liberty Energy reported total revenue of $4.0 billion, down 7% from $4.3 billion for the year ended December 31, 2024. Net income for 2025 was $148 million, compared with $316 million in 2024. Adjusted Net Income for 2025 totaled $25 million, down from $277 million in the prior year. Adjusted EBITDA for 2025 was $634 million, a 31% decrease from $922 million in 2024. Fully diluted earnings per share for the year were $0.89, down from $1.87 in 2024.
Business & Operations Update
The company’s press release highlighted several operational developments in the quarter and full year:
- Dividend increase: Liberty raised its quarterly cash dividend by 13% to $0.09 per share, beginning in Q4 2025.
- Power agreements: The company announced a 1 GW power development agreement with Vantage Data Centers, anchored by a firm reservation contract for 400 MW, and a 330 MW power reservation and preliminary energy services agreement with another major data center developer in Texas.
- Distributed power expansion: Liberty detailed an accelerated deployment plan for distributed power projects to 3 GW by 2029.
Equity Analyst Commentary
Institutional research coverage in the wake of the earnings release noted the quarterly revenue increase and profit trends, referencing company disclosures. Analysts cited official results showing higher revenue and moderated profit margins relative to the prior year, reflecting industry conditions for oilfield service and energy infrastructure companies.
Guidance & Outlook
The company’s press release outlined key areas for monitoring, including the execution of power development contracts and ongoing returns on capital invested measures. Liberty emphasized its strategic position in both traditional oilfield services and power infrastructure sectors, noting developments in its distributed power execution platforms.
Performance Summary
Liberty Energy’s stock rose at the close on the quarterly results. Fourth quarter revenue was $1.0 billion, up 10% year-on-year. Net income for the quarter was $14 million. Full-year 2025 revenue declined 7%, with net income of $148 million. Power contract agreements and dividend increase were key operational developments.
