Liberty Energy Reports Strong Q2 Results and Expands into Power Generation
Liberty Energy (NYSE:LBRT) reported stronger second-quarter results in 2026, with revenue reaching $1.2 billion and adjusted EBITDA of $151 million. Sequential improvements were driven by record utilization levels, modest pricing gains in the frac market, and higher product sales. Net income rose to $43 million from $23 million in Q1. The company is expanding beyond oilfield services into power generation for data centers and large-load customers through a joint venture with PowerBridge. Liberty aims to build a 3-gigawatt power plan targeting long-term returns of 17% to 18%. Capital spending will increase significantly, reaching $1.5 billion in 2026, primarily for power generation equipment. Despite improved operational performance and market conditions, management remains cautious about the second half due to ongoing oil price volatility and macroeconomic uncertainty.
Tickers: $LBRT
Topics: capital spending data centers oilfield services power generation