Filing Flows › Liberty Energy (LBRT) › Q1 2026
Liberty Energy (LBRT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Liberty Energy (LBRT) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was 2.2%, net earnings $22.6M (2.2% of revenue).
Liberty Energy, Q1 2026: revenue $1.0B (+4% year over year), operating margin 2.2%, net earnings $22.6M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -2% | +4% |
| Operating profit | $22.3M | +12% | +23% |
| Net earnings | $22.6M | +65% | +12% |
| Operating cash flow | $8.4M | -96% | -96% |
What changed
Revenue was $1.0B in Q1 2026, up 4% year over year and down 2% from the previous quarter.
Operating profit was $0.02B, a 2.2% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, above the 2% margin then. Total costs grew 4% against revenue growth of 4%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $0.02B, up 12% year over year. The effective tax rate was 29.2%. Non-operating items added $0.01B, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.01B (down 96% year over year), 37% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.15B.
Questions
What was Liberty Energy's revenue in the first quarter 2026?
Liberty Energy (LBRT) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before.
Was Liberty Energy profitable in the first quarter 2026?
Operating profit was $22.3M (2.2% of revenue) and net earnings $22.6M.
Source: Liberty Energy 10-Q on SEC EDGAR.