NASDAQ:LBRT 18 October 2025 - 29 January 2026

Liberty Energy’s logo has been in the spotlight as the stock rallied on the latest earnings. On October 17, one day after Liberty’s Q3 report, the stock soared ~28% intraday, closing at $15.32 reuters.com ts2.tech. That move came even though broader markets were relatively calm. Traders piled in on the “better-than-feared” outcome. By contrast, LBRT’s shares had been drifting lower for months; at one point earlier in Oct they were down over 40% on the year ts2.tech. Why the sudden jump? Simply put, the quarter’s silver linings outweighed the misses in investors’ eyes. Liberty’s revenue of $947M and adjusted EBITDA of $128M both fell short of forecasts ts2.tech, and adjusted EPS came in as a small loss. However, the company surprised with a GAAP net profit of $43M for Q3 investors.libertyenergy.com – far above the ~zero consensus – largely due to one-time tax benefits. Even more unusually, Liberty hiked its cash dividend by 13% in the same report investors.libertyenergy.com. Investors saw this as a signal of confidence. In Liberty’s own words, CEO Ron Gusek said the results were achieved “despite a slowdown in industry completions activity and market pricing pressure,” and emphasized that the team hit record pumping efficiency and