10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001694028-22-000020`
Period End Date	20220331
Filing Date	20220425
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	lbrt-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 44 Cash Flow Statement 82 Stockholders Equity 26 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Allowance for bad debts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$884.00K	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$884.00K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$1.40M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.00M	USD	Point-in-time
Accrued liabilities, related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.92M	USD	Point-in-time
Accrued liabilities, related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$779.00K	USD	Point-in-time
Accounts receivabletrade, net of provision for credit losses of $884 and $884, respectively	`AccountsReceivableNetCurrent`	$360.40M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$743.00K	USD	Point-in-time
Accounts receivabletrade, net of provision for credit losses of $884 and $884, respectively	`AccountsReceivableNetCurrent`	$298.53M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$740.00K	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$11.18M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.27M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.09M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$108.92M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$143.03M	USD	Point-in-time
Inventories	`InventoryNet`	$139.72M	USD	Point-in-time
Inventories	`InventoryNet`	$134.59M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.33M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$74.30M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$761.56M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$630.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$17.22M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$18.20M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$109.75M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$109.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$82.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$82.29M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$607.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$616.00K	USD	Point-in-time
Total assets	`Assets`	$2.19B	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Accounts payable (including payables to related parties of $1,401 and $2,732, respectively)	`AccountsPayableCurrent`	$333.60M	USD	Point-in-time
Accounts payable (including payables to related parties of $1,401 and $2,732, respectively)	`AccountsPayableCurrent`	$288.80M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $779 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$235.12M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $779 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$247.09M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.67M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.55M	USD	Point-in-time
Current portion of long-term debt, net of discount of $740 and $743, respectively	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current portion of long-term debt, net of discount of $740 and $743, respectively	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.58M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.74M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$31.25M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$31.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$569.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$623.20M	USD	Point-in-time
Long-term debt, net of discount of $1,086 and $1,270, respectively, less current portion	`LongTermDebtNoncurrent`	$211.19M	USD	Point-in-time
Long-term debt, net of discount of $1,086 and $1,270, respectively, less current portion	`LongTermDebtNoncurrent`	$121.44M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$563.00K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$563.00K	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$41.72M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$37.55M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$4.45M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$3.39M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$76.97M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$77.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$810.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$957.21M	USD	Point-in-time
Commitments & contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.37B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.39B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-161.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-155.95M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$743.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-306.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.40M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.19B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$550.85M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$770.48M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$1.18M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$22.29M	USD	1 Quarter
Total revenue	`Revenues`	$792.77M	USD	1 Quarter
Total revenue	`Revenues`	$552.03M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$498.94M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$670.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.36M	USD	1 Quarter
Transaction, severance and other costs	`TransactionSeveranceAndOtherCosts`	$1.33M	USD	1 Quarter
Transaction, severance and other costs	`TransactionSeveranceAndOtherCosts`	$7.62M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$74.59M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$62.06M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-4.67M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$720.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$594.25M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$788.93M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-42.22M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$3.84M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-4.17M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	-	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$3.75M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$4.32M	USD	1 Quarter
Total other expense	`InterestExpense`	$8.49M	USD	1 Quarter
Total other expense	`InterestExpense`	$3.75M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-45.97M	USD	1 Quarter
Net loss before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-4.65M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$830.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-7.36M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.62M	USD	1 Quarter
Less: Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.41M	USD	1 Quarter
Less: Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-104.00K	USD	1 Quarter
Net loss attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-34.20M	USD	1 Quarter
Net loss attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-5.38M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	184.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	163.21M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	184.00M	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.62M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$62.05M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$74.59M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-4.67M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$720.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$336.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$569.00K	USD	1 Quarter
Non-cash lease expense	`LeaseNonCashPortionExpense`	$1.03M	USD	1 Quarter
Non-cash lease expense	`LeaseNonCashPortionExpense`	$981.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$4.95M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$6.81M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-9.64M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	-	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$-4.17M	USD	1 Quarter
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$20.98M	USD	1 Quarter
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$95.21M	USD	1 Quarter
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$100.00K	USD	1 Quarter
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$11.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.03M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.50M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-17.38M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.60M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.78M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.58M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.17M	USD	1 Quarter
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-1.86M	USD	1 Quarter
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	1 Quarter
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$501.00K	USD	1 Quarter
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.53M	USD	1 Quarter
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$25.36M	USD	1 Quarter
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$90.99M	USD	1 Quarter
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	$795.00K	USD	1 Quarter
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	-	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$927.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.57M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.86M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.79M	USD	1 Quarter
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$438.00K	USD	1 Quarter
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$438.00K	USD	1 Quarter
Proceeds from borrowing on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Proceeds from borrowing on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$185.00M	USD	1 Quarter
Repayments on borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$95.00M	USD	1 Quarter
Repayments on borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$1.22M	USD	1 Quarter
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$2.33M	USD	1 Quarter
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$202.00K	USD	1 Quarter
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	-	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-924.00K	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-548.00K	USD	1 Quarter
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	$24.00K	USD	1 Quarter
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	-	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$224.00K	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$62.00K	USD	1 Quarter
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$848.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.27M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.96M	USD	1 Quarter
Net increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$475.00K	USD	1 Quarter
Net increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.65M	USD	1 Quarter
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.00K	USD	1 Quarter
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$81.00K	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.92M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.53M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.92M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.53M	USD	Point-in-time
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$4.83M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.64M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$3.85M	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$27.49M	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$71.70M	USD	1 Quarter
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$1.19M	USD	1 Quarter
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	-	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Exchange of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Exchange of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$848.00K	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$62.00K	USD	1 Quarter
Effect of exchange on deferred tax asset, net of liability under tax receivable agreements	`AdjustmentsToAdditionalPaidInCapitalExchangeEffectOnDeferredTaxAssetNet`	$4.95M	USD	1 Quarter
Deferred tax impact of ownership changes from issuance of Class A Common Stock	`DeferredTaxImpactOfOwnershipChangesFromExchangesAndRepurchases`	$4.52M	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$548.00K	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$924.00K	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.95M	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.81M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$186.00K	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Restricted Stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$24.00K	USD	1 Quarter
Restricted Stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00K	USD	1 Quarter
Currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$1.06M	USD	1 Quarter
Currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$1.41M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.62M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.62M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.06M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.41M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-4.42M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-37.21M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-97.00K	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.32M	USD	1 Quarter
Comprehensive loss attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-32.89M	USD	1 Quarter
Comprehensive loss attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-4.33M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.