10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001694028-23-000032`
Period End Date	20230630
Filing Date	20230721
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	lbrt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 84 Cash Flow Statement 96 Stockholders Equity 31 Comprehensive Income 20

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.67M	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $29,002 and $13,854, respectively)	`UnbilledReceivablesCurrent`	$201.91M	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $29,002 and $13,854, respectively)	`UnbilledReceivablesCurrent`	$175.70M	USD	Point-in-time
Inventories	`InventoryNet`	$201.07M	USD	Point-in-time
Inventories	`InventoryNet`	$214.45M	USD	Point-in-time
Prepaid and other current assets (including amounts from related parties of $6,426 and $0, respectively	`PrepaidExpenseAndOtherAssetsCurrent`	$121.98M	USD	Point-in-time
Prepaid and other current assets (including amounts from related parties of $6,426 and $0, respectively	`PrepaidExpenseAndOtherAssetsCurrent`	$112.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$956.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.36B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.55B	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$53.46M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$41.77M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$97.23M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$96.41M	USD	Point-in-time
Other assets (including amounts from related parties of $0 and $11,799, respectively)	`OtherAssets`	$105.30M	USD	Point-in-time
Other assets (including amounts from related parties of $0 and $11,799, respectively)	`OtherAssets`	$133.29M	USD	Point-in-time
Unbilled receivables, current	`UnbilledReceivablesCurrent`	$201.91M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$21.24M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$12.59M	USD	Point-in-time
Unbilled receivables, current	`UnbilledReceivablesCurrent`	$175.70M	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.98M	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$112.53M	USD	Point-in-time
Total assets	`Assets`	$2.58B	USD	Point-in-time
Total assets	`Assets`	$2.92B	USD	Point-in-time
Other assets	`OtherAssets`	$105.30M	USD	Point-in-time
Other assets	`OtherAssets`	$133.29M	USD	Point-in-time
Accounts payable, current	`AccountsPayableCurrent`	$368.72M	USD	Point-in-time
Accounts payable, current	`AccountsPayableCurrent`	$326.82M	USD	Point-in-time
Accrued liabilities, current	`AccruedLiabilitiesCurrent`	$265.34M	USD	Point-in-time
Accounts payable (including payables to related parties of $0 and $2,629, respectively)	`AccountsPayableCurrent`	$368.72M	USD	Point-in-time
Accrued liabilities, current	`AccruedLiabilitiesCurrent`	$276.82M	USD	Point-in-time
Accounts payable (including payables to related parties of $0 and $2,629, respectively)	`AccountsPayableCurrent`	$326.82M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$730.00K	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $0 and $730, respectively)	`AccruedLiabilitiesCurrent`	$265.34M	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $0 and $730, respectively)	`AccruedLiabilitiesCurrent`	$276.82M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$52.29M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$2.29M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$540.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.86M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$19.34M	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
Current portion of long-term debt, net of discount of $0 and $730, respectively	`LongTermDebtCurrent`	$1.02M	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
Current portion of long-term debt, net of discount of $0 and $730, respectively	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$11.39M	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
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$10.93M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$27.29M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$27.61M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$744.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$649.50M	USD	Point-in-time
Long-term debt, net of discount of $0 and $540, respectively, less current portion	`LongTermDebtNoncurrent`	$217.43M	USD	Point-in-time
Long-term debt, net of discount of $0 and $540, respectively, less current portion	`LongTermDebtNoncurrent`	$288.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$1.07M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$1.04M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$114.84M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$118.87M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$33.77M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$21.24M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$22.49M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$12.59M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$69.30M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$68.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.25B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08B	USD	Point-in-time
Commitments & contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & contingencies (Note 14)	`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`	$1.27B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$531.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$234.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	-	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.29M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.58B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.19B	USD	1 Quarter
Revenues	`Revenues`	$2.46B	USD	2 Qtrs
Revenues	`Revenues`	$942.62M	USD	1 Quarter
Revenues	`Revenues`	$1.74B	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`	$833.46M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.72B	USD	2 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$1.38B	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$80.48M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$42.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$111.07M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$58.03M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$1.60M	USD	2 Qtrs
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$985.00K	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$2.19M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$3.53M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$194.10M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$77.38M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$151.97M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$99.69M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.17M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.44M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.66M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.62B	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$832.01M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$2.03B	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$988.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$114.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$110.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$431.60M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$206.48M	USD	1 Quarter
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`	-	USD	2 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	-	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-168.00K	USD	1 Quarter
Interest incomerelated party	`InterestIncomeOther`	-	USD	1 Quarter
Interest incomerelated party	`InterestIncomeOther`	$723.00K	USD	2 Qtrs
Interest incomerelated party	`InterestIncomeOther`	$350.00K	USD	1 Quarter
Interest incomerelated party	`InterestIncomeOther`	-	USD	2 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$15.09M	USD	2 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$9.19M	USD	2 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$4.86M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$6.83M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$5.03M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$6.47M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$13.52M	USD	2 Qtrs
Total other expense	`OtherNonoperatingExpense`	$14.37M	USD	2 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$100.92M	USD	2 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$200.00M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$417.23M	USD	2 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$105.57M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$235.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$101.81M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$47.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.06M	USD	2 Qtrs
Net income	`ProfitLoss`	$152.67M	USD	1 Quarter
Net income	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$105.34M	USD	1 Quarter
Net income	`ProfitLoss`	$315.42M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$91.00K	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$79.00K	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$183.00K	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$152.67M	USD	1 Quarter
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$105.16M	USD	1 Quarter
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$99.78M	USD	2 Qtrs
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$315.33M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.54	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.80	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.76	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	173.13M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	174.84M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.37M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	186.72M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	176.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	178.84M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.62M	shares	2 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$152.67M	USD	1 Quarter
Net income	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$105.34M	USD	1 Quarter
Net income	`ProfitLoss`	$315.42M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$151.97M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$194.10M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.17M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-1.24M	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.44M	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.66M	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$2.20M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDown`	$2.20M	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$1.70M	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	-	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$1.59M	USD	2 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$2.09M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.14M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.01M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$320.00K	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	-	USD	2 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$-4.33M	USD	2 Qtrs
Other non-cash expense	`OtherNoncashIncomeExpense`	$401.00K	USD	2 Qtrs
Other non-cash expense	`OtherNoncashIncomeExpense`	$-826.00K	USD	2 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$156.05M	USD	2 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$105.85M	USD	2 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$17.07M	USD	2 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.12M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.41M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$29.21M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.56M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.29M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$10.28M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.90M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.54M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$49.18M	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`	$1.13M	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`	$444.39M	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`	$292.28M	USD	2 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	$5.72M	USD	2 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	-	USD	2 Qtrs
Investment in Fervo Energy Company	`PaymentsToAcquireEquityMethodInvestments`	$10.00M	USD	2 Qtrs
Investment in Fervo Energy Company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Acquisition of Siren Energy, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$74.90M	USD	2 Qtrs
Acquisition of Siren Energy, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$10.88M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$7.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-232.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-356.30M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$525.00M	USD	2 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$400.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$268.00M	USD	2 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$352.00M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$104.72M	USD	2 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	2 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$5.07M	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`	$17.57M	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`	-	USD	2 Qtrs
Other distributions and advance payments to non-controlling interest unitholders	`PaymentsForDistributionsAndAdvancesToMinorityShareholders`	$-924.00K	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$134.74M	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Tax withholding on restricted stock units	`PaymentsForTaxWithholdingOnRestrictedStockUnits`	$9.70M	USD	2 Qtrs
Tax withholding on restricted stock units	`PaymentsForTaxWithholdingOnRestrictedStockUnits`	$9.32M	USD	2 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$223.00K	USD	2 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$523.00K	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.57M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$224.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.76M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.21M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$21.56M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-12.12M	USD	2 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-85.00K	USD	2 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.00K	USD	2 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.68M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.67M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.48M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.68M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.67M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.48M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$6.07M	USD	2 Qtrs
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$49.04M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$11.95M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$8.35M	USD	2 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$127.73M	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`	$20.68M	USD	2 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$1.19M	USD	2 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Exchange of Class B Common Stock for Class A Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Offering Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$502.00K	USD	1 Quarter
$0.10/share of Class A Common Stock dividend	`Dividends`	$8.76M	USD	1 Quarter
Share repurchases	`StockRepurchasedDuringPeriodValue`	$60.09M	USD	1 Quarter
Excise tax on share repurchases	`ExciseTaxesOnShareRepurchasesValue`	$639.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.96M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.20M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.68M	USD	1 Quarter
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.32M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.01M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.00M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.53M	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.96M	USD	2 Qtrs
Net income	`ProfitLoss`	$152.67M	USD	1 Quarter
Net income	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$105.34M	USD	1 Quarter
Net income	`ProfitLoss`	$315.42M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$152.67M	USD	1 Quarter
Net income	`ProfitLoss`	$99.86M	USD	2 Qtrs
Net income	`ProfitLoss`	$105.34M	USD	1 Quarter
Net income	`ProfitLoss`	$315.42M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.01M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.53M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.96M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$316.95M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$97.90M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$102.33M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$154.67M	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$80.00K	USD	2 Qtrs
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$177.00K	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$92.00K	USD	2 Qtrs
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$316.86M	USD	2 Qtrs
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$102.15M	USD	1 Quarter
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$154.67M	USD	1 Quarter
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$97.82M	USD	2 Qtrs

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