10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001694028-22-000050`
Period End Date	20220930
Filing Date	20221021
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	lbrt-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 92 Cash Flow Statement 94 Stockholders Equity 40 Comprehensive Income 20

Balance Sheet 94 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`	$26.12M	USD	Point-in-time
Unbilled receivables, related parties	`UnbilledReceivablesRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.00M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$3.81M	USD	Point-in-time
Accrued liabilities, related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$1.12M	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`	$480.71M	USD	Point-in-time
Accounts receivabletrade, net of allowances for credit losses of $884 and $884, respectively	`AccountsReceivableNetCurrent`	$298.53M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$734.00K	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$10.31M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$743.00K	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $26,119 and $0, respectively)	`UnbilledReceivablesCurrent`	$108.92M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.27M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$721.00K	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $26,119 and $0, respectively)	`UnbilledReceivablesCurrent`	$200.14M	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
Inventories	`InventoryNet`	$185.65M	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
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.33M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$95.20M	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
Total current assets	`AssetsCurrent`	$996.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$630.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	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
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$31.81M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$18.20M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$109.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$103.17M	USD	Point-in-time
Other assets	`OtherAssets`	$98.67M	USD	Point-in-time
Other assets	`OtherAssets`	$82.29M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$607.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$262.00K	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Total assets	`Assets`	$2.53B	USD	Point-in-time
Accounts payable (including payables to related parties of $3,807 and $2,732, respectively)	`AccountsPayableCurrent`	$378.48M	USD	Point-in-time
Accounts payable (including payables to related parties of $3,807 and $2,732, respectively)	`AccountsPayableCurrent`	$288.80M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $1,121 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$235.12M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $1,121 and $1,142, respectively)	`AccruedLiabilitiesCurrent`	$286.50M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$976.00K	USD	Point-in-time
Current portion of long-term debt, net of discount of $734 and $743, respectively	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current portion of long-term debt, net of discount of $734 and $743, respectively	`LongTermDebtCurrent`	$1.02M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.74M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.69M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$31.03M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$29.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$569.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$704.86M	USD	Point-in-time
Long-term debt, net of discount of $721 and $1,270, respectively, less current portion	`LongTermDebtNoncurrent`	$252.68M	USD	Point-in-time
Long-term debt, net of discount of $721 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`	$37.55M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$70.79M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$4.45M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$15.86M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$72.97M	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`	$1.12B	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`	$1.32B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.37B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$90.78M	USD	Point-in-time
Retained earnings (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`	$-8.60M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.20M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.70M	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`	$1.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.53B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.78B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.83B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$646.71M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.12B	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$65.79M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$8.19M	USD	3 Qtrs
Revenuerelated parties	`RevenueFromRelatedParties`	$7.01M	USD	1 Quarter
Revenuerelated parties	`RevenueFromRelatedParties`	$89.33M	USD	3 Qtrs
Total revenue	`Revenues`	$653.73M	USD	1 Quarter
Total revenue	`Revenues`	$1.19B	USD	1 Quarter
Total revenue	`Revenues`	$2.92B	USD	3 Qtrs
Total revenue	`Revenues`	$1.79B	USD	3 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.61B	USD	3 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$874.45M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$593.68M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$2.26B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$88.04M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$130.95M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$50.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$32.28M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$1.77M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$5.29M	USD	3 Qtrs
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$1.56M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$12.17M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$65.85M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$234.81M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$191.12M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$82.85M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$4.28M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$1.08M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.04M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$79.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$693.29M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.90B	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$2.63B	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.01B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$182.98M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-39.57M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-117.79M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$297.43M	USD	3 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-28.90M	USD	1 Quarter
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$8.25M	USD	3 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-33.23M	USD	3 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$4.95M	USD	1 Quarter
Gain on investments	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on investments	`GainLossOnInvestments`	$2.52M	USD	3 Qtrs
Gain on investments	`GainLossOnInvestments`	-	USD	3 Qtrs
Gain on investments	`GainLossOnInvestments`	$2.52M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$15.96M	USD	3 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$11.53M	USD	3 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$4.01M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$6.77M	USD	1 Quarter
Total other expense (income)	`OtherNonoperatingIncomeExpense`	$940.00K	USD	1 Quarter
Total other expense (income)	`OtherNonoperatingIncomeExpense`	$-33.15M	USD	1 Quarter
Total other expense (income)	`OtherNonoperatingIncomeExpense`	$-3.28M	USD	3 Qtrs
Total other expense (income)	`OtherNonoperatingIncomeExpense`	$-46.67M	USD	3 Qtrs
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$149.84M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-121.06M	USD	3 Qtrs
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-38.63M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$250.76M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$753.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.40M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.57M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.64M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.38M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-130.47M	USD	3 Qtrs
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.81M	USD	3 Qtrs
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-489.00K	USD	1 Quarter
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$310.00K	USD	1 Quarter
Less: Net income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$389.00K	USD	3 Qtrs
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-123.66M	USD	3 Qtrs
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$-38.89M	USD	1 Quarter
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$246.73M	USD	3 Qtrs
Net income (loss) attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$146.95M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.72	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.30	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.72	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	171.40M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.51M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.41M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	178.31M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	171.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	178.31M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	189.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.47M	shares	3 Qtrs

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.38M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-130.47M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$234.81M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$191.12M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$4.28M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$1.08M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.04M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$79.00K	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$1.70M	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$1.72M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	-	USD	Annual
Inventory write-down	`InventoryWriteDown`	-	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$2.83M	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$3.08M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.09M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.13M	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$6.12M	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$316.00K	USD	3 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$8.25M	USD	3 Qtrs
Loss (gain) on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$-33.23M	USD	3 Qtrs
Other non-cash (income) expense, net	`OtherNoncashIncomeExpense`	$-2.45M	USD	3 Qtrs
Other non-cash (income) expense, net	`OtherNoncashIncomeExpense`	$1.01M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$121.28M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$250.47M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$36.30M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.88M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$56.47M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.03M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.00M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.48M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$135.98M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$143.99M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-4.70M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	3 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$503.00K	USD	3 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$2.31M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$292.61M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$80.14M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$123.01M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$326.96M	USD	3 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	$6.72M	USD	3 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	-	USD	3 Qtrs
Investment in Fervo Energy Company and Natron Energy, Inc.	`PaymentsToAcquireEquityMethodInvestments`	$15.00M	USD	3 Qtrs
Investment in Fervo Energy Company and Natron Energy, Inc.	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$3.69M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$14.81M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.32M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-333.88M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$100.00M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$543.00M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$411.00M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$84.00M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$1.31M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$1.31M	USD	3 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$4.79M	USD	3 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$6.14M	USD	3 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$148.00K	USD	3 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$168.00K	USD	3 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-924.00K	USD	3 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-1.37M	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$70.09M	USD	3 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	$3.58M	USD	3 Qtrs
Tax withholding on restricted stock unit vesting	`PaymentsForRestrictedStockVesting`	$9.70M	USD	3 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$1.01M	USD	3 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$557.00K	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$678.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.15M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.64M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.38M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-34.03M	USD	3 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-330.00K	USD	3 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-245.00K	USD	3 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.70M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.05M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.70M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.98M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.05M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$6.50M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$13.62M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$9.69M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$25.48M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$83.30M	USD	3 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	-	USD	3 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$12.45M	USD	3 Qtrs

Stockholders Equity 40 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`	$1.33B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Exchange of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Exchange of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$159.00K	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$79.00K	USD	3 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.01M	USD	3 Qtrs
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-485.00K	USD	1 Quarter
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$924.00K	USD	3 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`NoncontrollingInterestIncreaseDecreaseFromOtherDistributionsAndAdvancesToNoncontrollingInterestHolders`	$1.37M	USD	3 Qtrs
Share repurchases	`StockRepurchasedDuringPeriodValue`	$70.09M	USD	3 Qtrs
Share repurchases	`StockRepurchasedDuringPeriodValue`	$70.09M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.09M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.25M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.13M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.11M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	3 Qtrs
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	$3.58M	USD	3 Qtrs
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.00K	USD	1 Quarter
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.70M	USD	3 Qtrs
Restricted stock and RSU forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00K	USD	3 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.29M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.30M	USD	3 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$411.00K	USD	3 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.34M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.38M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-130.47M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-39.38M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-130.47M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.29M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.30M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$411.00K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.34M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$238.82M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-41.67M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-130.06M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.92M	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$379.00K	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$299.00K	USD	1 Quarter
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.59M	USD	3 Qtrs
Comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-513.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$140.62M	USD	1 Quarter
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$238.44M	USD	3 Qtrs
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-41.15M	USD	1 Quarter
Comprehensive income (loss) attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$-123.46M	USD	3 Qtrs

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