10-Q Filing

Liberty Energy Inc. CIK: 1694028 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001694028-23-000039`
Period End Date	20230930
Filing Date	20231019
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	lbrt-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 88 Cash Flow Statement 96 Stockholders Equity 30 Comprehensive Income 20

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.68M	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $10,903 and $13,854, respectively)	`UnbilledReceivablesCurrent`	$208.11M	USD	Point-in-time
Unbilled revenue (including amounts from related parties of $10,903 and $13,854, respectively)	`UnbilledReceivablesCurrent`	$175.70M	USD	Point-in-time
Inventories	`InventoryNet`	$214.45M	USD	Point-in-time
Inventories	`InventoryNet`	$211.75M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$112.53M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$100.85M	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`	$1.61B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.36B	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$41.77M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$135.11M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$98.36M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$97.23M	USD	Point-in-time
Other assets (including amounts from related parties of $14,656 and $11,799, respectively)	`OtherAssets`	$153.35M	USD	Point-in-time
Other assets (including amounts from related parties of $14,656 and $11,799, respectively)	`OtherAssets`	$105.30M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$12.59M	USD	Point-in-time
Unbilled receivables, current	`UnbilledReceivablesCurrent`	$208.11M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$21.24M	USD	Point-in-time
Unbilled receivables, current	`UnbilledReceivablesCurrent`	$175.70M	USD	Point-in-time
Total assets	`Assets`	$2.58B	USD	Point-in-time
Other assets	`OtherAssets`	$153.35M	USD	Point-in-time
Other assets	`OtherAssets`	$105.30M	USD	Point-in-time
Total assets	`Assets`	$3.09B	USD	Point-in-time
Accounts payable, current	`AccountsPayableCurrent`	$358.60M	USD	Point-in-time
Accounts payable, current	`AccountsPayableCurrent`	$326.82M	USD	Point-in-time
Accrued liabilities, current	`AccruedLiabilitiesCurrent`	$276.82M	USD	Point-in-time
Accrued liabilities, current	`AccruedLiabilitiesCurrent`	$268.02M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Accounts payable (including payables to related parties of $0 and $2,629, respectively)	`AccountsPayableCurrent`	$358.60M	USD	Point-in-time
Current portion of long-term debt, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$730.00K	USD	Point-in-time
Accounts payable (including payables to related parties of $0 and $2,629, respectively)	`AccountsPayableCurrent`	$326.82M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$540.00K	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $0 and $730, respectively)	`AccruedLiabilitiesCurrent`	$276.82M	USD	Point-in-time
Long-term debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Accrued liabilities (including amounts due to related parties of $0 and $730, respectively)	`AccruedLiabilitiesCurrent`	$268.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$94.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$2.29M	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
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
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.86M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$16.77M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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 issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current portion of long-term debt, net of discount of $0 and $730, respectively	`LongTermDebtCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$28.02M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$11.39M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$27.29M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$27.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$793.81M	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`	$223.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$1.04M	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
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$12.59M	USD	Point-in-time
Payable pursuant to tax receivable agreements	`AccruedIncomeTaxesNoncurrent`	$118.87M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$21.24M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$98.11M	USD	Point-in-time
Noncurrent portion of finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$22.49M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$69.76M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$69.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30B	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`	$1.12B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$234.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$671.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.29M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	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`	$1.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.58B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.22B	USD	1 Quarter
Revenues	`Revenues`	$1.19B	USD	1 Quarter
Revenues	`Revenues`	$3.67B	USD	3 Qtrs
Revenues	`Revenues`	$2.92B	USD	3 Qtrs
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$850.25M	USD	1 Quarter
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)	`CostOfGoodsAndServicesSold`	$2.57B	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`	$2.26B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$50.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$130.95M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$166.11M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$55.04M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$1.80M	USD	3 Qtrs
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$1.77M	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$202.00K	USD	1 Quarter
Transaction, severance, and other costs	`TransactionSeveranceAndOtherCosts`	$5.29M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$82.85M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$303.09M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$234.81M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$109.00M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$6.98M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.81M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$4.28M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.04M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.01B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.01B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$3.04B	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$2.63B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$297.43M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$636.83M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$205.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$182.98M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-33.23M	USD	3 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	-	USD	3 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	$-28.90M	USD	1 Quarter
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnRemeasurementOfLiabilityUnderTaxReceivableAgreement`	-	USD	1 Quarter
Gain on investments	`GainLossOnInvestments`	$2.52M	USD	3 Qtrs
Gain on investments	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on investments	`GainLossOnInvestments`	-	USD	3 Qtrs
Gain on investments	`GainLossOnInvestments`	$2.52M	USD	1 Quarter
Interest incomerelated party	`InterestIncomeOther`	$531.00K	USD	1 Quarter
Interest incomerelated party	`InterestIncomeOther`	$1.25M	USD	3 Qtrs
Interest incomerelated party	`InterestIncomeOther`	-	USD	3 Qtrs
Interest incomerelated party	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$22.40M	USD	3 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$6.77M	USD	1 Quarter
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$15.96M	USD	3 Qtrs
Interest expense, net	`InterestExpenseExcludingRelatedPartyTransactions`	$7.31M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$33.15M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$6.78M	USD	1 Quarter
Total other expense	`OtherNonoperatingExpense`	$46.67M	USD	3 Qtrs
Total other expense	`OtherNonoperatingExpense`	$21.14M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$615.68M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$250.76M	USD	3 Qtrs
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$198.45M	USD	1 Quarter
Net income before income taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$149.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$49.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.64M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$151.66M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.57M	USD	1 Quarter
Net income	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income	`ProfitLoss`	$464.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$148.61M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$91.00K	USD	3 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$310.00K	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$389.00K	USD	3 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$146.95M	USD	1 Quarter
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$246.73M	USD	3 Qtrs
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$463.93M	USD	3 Qtrs
Net income attributable to Liberty Energy Inc. stockholders	`NetIncomeLoss`	$148.61M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.68	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`	$0.78	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.62	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.51M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	185.41M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	173.13M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	169.78M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	173.98M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	189.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.28M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.47M	shares	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income	`ProfitLoss`	$464.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$148.61M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$303.09M	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$234.81M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$6.98M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.81M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$4.28M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$3.04M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$2.20M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	-	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$1.70M	USD	1 Quarter
Inventory write-down	`InventoryWriteDown`	$1.72M	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$3.08M	USD	3 Qtrs
Non-cash lease expense	`LeaseNonCashPortionExpense`	$2.15M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.13M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$23.74M	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$316.00K	USD	3 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	-	USD	3 Qtrs
Loss on remeasurement of liability under tax receivable agreements	`GainLossOnTaxReceivableAgreements`	$-33.23M	USD	3 Qtrs
Other non-cash income	`OtherNoncashIncomeExpense`	$1.05M	USD	3 Qtrs
Other non-cash income	`OtherNoncashIncomeExpense`	$1.01M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$250.47M	USD	3 Qtrs
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$120.55M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$6.27M	USD	3 Qtrs
Accounts receivable and unbilled revenuerelated party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$36.30M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$56.47M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-461.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$43.34M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.03M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.48M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.72M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$97.70M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$143.99M	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	-	USD	3 Qtrs
Accounts payable and accrued liabilitiesrelated party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParties`	$-4.70M	USD	3 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$3.06M	USD	3 Qtrs
Initial payment of operating lease liability	`OperatingLeaseLiabilityPrepayment`	$2.31M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$719.84M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$292.61M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$326.96M	USD	3 Qtrs
Purchases of property and equipment and construction in-progress	`PaymentsToAcquireProductiveAssets`	$465.21M	USD	3 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	$6.72M	USD	3 Qtrs
Investment in sand logistics	`PaymentsToAcquireIntangibleAssetsSandLogistics`	-	USD	3 Qtrs
Investments in Oklo Inc. (2023) and Fervo Energy Company and Natron Energy, Inc. (2022)	`PaymentsToAcquireEquityMethodInvestments`	$15.00M	USD	3 Qtrs
Investments in Oklo Inc. (2023) and Fervo Energy Company and Natron Energy, Inc. (2022)	`PaymentsToAcquireEquityMethodInvestments`	$10.00M	USD	3 Qtrs
Acquisition of Siren Energy, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$75.66M	USD	3 Qtrs
Acquisition of Siren Energy, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$14.81M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$22.43M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-528.43M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-333.88M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$543.00M	USD	3 Qtrs
Proceeds from borrowings on line-of-credit	`ProceedsFromLongTermLinesOfCredit`	$873.00M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$411.00M	USD	3 Qtrs
Repayments of borrowings on line-of-credit	`RepaymentsOfLongTermLinesOfCredit`	$765.00M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$104.72M	USD	3 Qtrs
Repayments of borrowings on term loan	`RepaymentsOfOtherLongTermDebt`	$1.31M	USD	3 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$10.48M	USD	3 Qtrs
Payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$4.79M	USD	3 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$26.01M	USD	3 Qtrs
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting	`PaymentsOfDividends`	$148.00K	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`	-	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$70.09M	USD	3 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$164.02M	USD	3 Qtrs
Tax withholding on restricted stock units	`PaymentsForTaxWithholdingOnRestrictedStockUnits`	$9.32M	USD	3 Qtrs
Tax withholding on restricted stock units	`PaymentsForTaxWithholdingOnRestrictedStockUnits`	$9.70M	USD	3 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$557.00K	USD	3 Qtrs
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$223.00K	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$678.00K	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.57M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.64M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-208.34M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.93M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents before translation effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.38M	USD	3 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-139.00K	USD	3 Qtrs
Translation effect on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-330.00K	USD	3 Qtrs
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.68M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.60M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.05M	USD	Point-in-time
Cash and cash equivalentsend 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`	$26.60M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.05M	USD	Point-in-time
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$6.50M	USD	3 Qtrs
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$56.17M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$13.62M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$19.52M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$83.30M	USD	3 Qtrs
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$112.89M	USD	3 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$34.41M	USD	3 Qtrs
Capital expenditures reclassified from prepaid and other current assets	`CapitalExpendituresFundedThroughIssuanceOfEquity`	$12.45M	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common stock dividend (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	3 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	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`	$1.79B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Deferred tax and tax receivable agreements impact of Liberty LLC merger into the Company	`DeferredTaxImpactOfOwnershipChanges`	$1.20M	USD	1 Quarter
$0.15/share of Class A Common Stock dividend	`Dividends`	$8.66M	USD	1 Quarter
Share repurchases	`StockRepurchasedDuringPeriodValue`	$29.28M	USD	1 Quarter
Share repurchases	`StockRepurchasedDuringPeriodValue`	$70.09M	USD	1 Quarter
Share repurchases	`StockRepurchasedDuringPeriodValue`	$70.09M	USD	3 Qtrs
Excise tax on share repurchases	`ExciseTaxesOnShareRepurchasesValue`	$293.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.60M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.11M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVesting`	-	USD	1 Quarter
Tax withheld on vesting of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.30M	USD	3 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.15M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.62M	USD	3 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.34M	USD	1 Quarter
Net income	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income	`ProfitLoss`	$464.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$148.61M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	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`	$1.79B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$247.12M	USD	3 Qtrs
Net income	`ProfitLoss`	$147.26M	USD	1 Quarter
Net income	`ProfitLoss`	$464.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$148.61M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.30M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.15M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.62M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.34M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$462.41M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$238.82M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$145.46M	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$299.00K	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$379.00K	USD	3 Qtrs
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$92.00K	USD	3 Qtrs
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$145.46M	USD	1 Quarter
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$238.44M	USD	3 Qtrs
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$140.62M	USD	1 Quarter
Comprehensive income attributable to Liberty Energy Inc.	`ComprehensiveIncomeNetOfTax`	$462.31M	USD	3 Qtrs

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