10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001694028-22-000033`
Period End Date	20220630
Filing Date	20220727
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	lbrt-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 88 Cash Flow Statement 88 Stockholders Equity 42 Comprehensive Income 20

Balance Sheet 92 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
Unbilled receivables, related parties	`UnbilledReceivablesRelatedPartiesCurrent`	-	USD	Point-in-time
Unbilled receivables, related parties	`UnbilledReceivablesRelatedPartiesCurrent`	$1.25M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.00M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.48M	USD	Point-in-time
Accrued liabilities, related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$1.14M	USD	Point-in-time
Accounts receivabletrade, net of allowances for credit losses of $884 and $884, respectively	`AccountsReceivableNetCurrent`	$298.53M	USD	Point-in-time
Accrued liabilities, related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$415.00K	USD	Point-in-time
Accounts receivabletrade, net of allowances for credit losses of $884 and $884, respectively	`AccountsReceivableNetCurrent`	$399.82M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$743.00K	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$737.00K	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $1,254 and $0, respectively)	`UnbilledReceivablesCurrent`	$108.92M	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $1,254 and $0, respectively)	`UnbilledReceivablesCurrent`	$164.22M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$903.00K	USD	Point-in-time
Inventories	`InventoryNet`	$134.59M	USD	Point-in-time
Inventories	`InventoryNet`	$163.65M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.27M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.33M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$71.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$630.38M	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
Total current assets	`AssetsCurrent`	$840.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.27B	USD	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$24.09M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$18.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$109.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$109.90M	USD	Point-in-time
Other assets	`OtherAssets`	$82.29M	USD	Point-in-time
Other assets	`OtherAssets`	$92.92M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$607.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$280.00K	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Total assets	`Assets`	$2.34B	USD	Point-in-time
Accounts payable (including payables to related parties of $1,842 and $2,732, respectively)	`AccountsPayableCurrent`	$288.80M	USD	Point-in-time
Accounts payable (including payables to related parties of $1,842 and $2,732, respectively)	`AccountsPayableCurrent`	$311.40M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $415 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$235.12M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $415 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$269.64M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.55M	USD	Point-in-time
Current portion of long-term debt, net of discount of $737 and $743, respectively	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current portion of long-term debt, net of discount of $737 and $743, respectively	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$7.62M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.74M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$30.84M	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`	$622.07M	USD	Point-in-time
Long-term debt, net of discount of $903 and $1,270, respectively, less current portion	`LongTermDebtNoncurrent`	$121.44M	USD	Point-in-time
Long-term debt, net of discount of $903 and $1,270, respectively, less current portion	`LongTermDebtNoncurrent`	$252.94M	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`	$37.55M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$41.89M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$4.45M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$10.49M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$77.17M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$76.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$810.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	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`	$1.38B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-155.95M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-306.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.33B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.45M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	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 equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.71B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.13B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$941.37M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$581.29M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$23.54M	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$1.18M	USD	2 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$1.25M	USD	1 Quarter
Total revenue	`Revenues`	$581.29M	USD	1 Quarter
Total revenue	`Revenues`	$942.62M	USD	1 Quarter
Total revenue	`Revenues`	$1.74B	USD	2 Qtrs
Total revenue	`Revenues`	$1.13B	USD	2 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$713.72M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$521.96M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.38B	USD	2 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.02B	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$80.48M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$29.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$55.76M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$42.16M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$3.53M	USD	2 Qtrs
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$3.00M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$10.62M	USD	2 Qtrs
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$2.19M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$125.27M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$77.38M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$63.21M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$151.97M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.44M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$277.00K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$997.00K	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.21B	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$832.01M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.62B	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$617.29M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$114.44M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-36.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-78.22M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$110.60M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$3.31M	USD	2 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-4.33M	USD	2 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-168.00K	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$3.31M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$9.19M	USD	2 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$7.52M	USD	2 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$4.86M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$3.77M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$462.00K	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$5.03M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$4.22M	USD	2 Qtrs
Total other expense	`OtherNonoperatingExpense`	$13.52M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-82.44M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-36.47M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$105.57M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$100.92M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.06M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.65M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$235.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.01M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-52.47M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-91.09M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$105.34M	USD	1 Quarter
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.32M	USD	2 Qtrs
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.91M	USD	1 Quarter
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$79.00K	USD	2 Qtrs
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$183.00K	USD	1 Quarter
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$105.16M	USD	1 Quarter
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$99.78M	USD	2 Qtrs
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-50.56M	USD	1 Quarter
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-84.77M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.54	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.52M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.37M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	167.89M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	186.72M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.62M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	172.52M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.89M	shares	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-52.47M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-91.09M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$105.34M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$151.97M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$125.27M	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.44M	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$277.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	2 Qtrs
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$997.00K	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$1.41M	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$2.09M	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$11.01M	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$10.85M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$6.12M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$320.00K	USD	2 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$3.31M	USD	2 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$-4.33M	USD	2 Qtrs
Other non-cash expense	`OtherNoncashExpense`	$826.00K	USD	2 Qtrs
Other non-cash expense	`OtherNoncashExpense`	$1.88M	USD	2 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$141.44M	USD	2 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$156.05M	USD	2 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.12M	USD	2 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$29.21M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.59M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.76M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.56M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.90M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$132.85M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.54M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-1.96M	USD	2 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	2 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$153.00K	USD	2 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$1.76M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$135.63M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.57M	USD	2 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$224.74M	USD	2 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$67.86M	USD	2 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	-	USD	2 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	$5.72M	USD	2 Qtrs
Investment in Fervo Energy Company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Investment in Fervo Energy Company	`PaymentsToAcquireEquityMethodInvestments`	$10.00M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$7.63M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$1.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-232.82M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$400.00M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$50.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$50.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$268.00M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	2 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$4.06M	USD	2 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$2.70M	USD	2 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$168.00K	USD	2 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$148.00K	USD	2 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-1.37M	USD	2 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-924.00K	USD	2 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	$9.70M	USD	2 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	$3.59M	USD	2 Qtrs
Payments of equity offering costs	`PaymentsOfStockIssuanceCosts`	$523.00K	USD	2 Qtrs
Payments of equity offering costs	`PaymentsOfStockIssuanceCosts`	$854.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$224.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.18M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.76M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-38.50M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$21.56M	USD	2 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$236.00K	USD	2 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-85.00K	USD	2 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.48M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.71M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.48M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.71M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$6.07M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$8.35M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.33M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$22.36M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$79.32M	USD	2 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	-	USD	2 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$1.19M	USD	2 Qtrs

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	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
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	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	2 Qtrs
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	2 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$564.00K	USD	2 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$6.00K	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$854.00K	USD	2 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$502.00K	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$924.00K	USD	2 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$1.37M	USD	2 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$824.00K	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.85M	USD	2 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.01M	USD	2 Qtrs
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.90M	USD	1 Quarter
Stock based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.20M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$3.58M	USD	2 Qtrs
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$3.40M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	2 Qtrs
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.68M	USD	1 Quarter
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.70M	USD	2 Qtrs
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00K	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.70M	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.01M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.29M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.96M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-52.47M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-91.09M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$105.34M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	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
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-52.47M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-91.09M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$105.34M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.70M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.01M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.29M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.96M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-88.39M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-51.18M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$102.33M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$97.90M	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.76M	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.08M	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$80.00K	USD	2 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$177.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$97.82M	USD	2 Qtrs
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-82.31M	USD	2 Qtrs
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$102.15M	USD	1 Quarter
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-49.42M	USD	1 Quarter

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