Filing Flows › Liberty Energy (LBRT) › Q2 2026 › vs Q1 2026
Liberty Energy (LBRT) Q2 2026 vs Q1 2026 (quarter over quarter)
Liberty Energy's revenue rose $167M (+16%) from $1.0B in Q1 2026 to $1.2B in Q2 2026. Operating margin 1.1% against 2.2% (-1.1 pts).
Liberty Energy, Q2 2026: revenue $1.2B (+14% year over year), operating margin 1.1%, net earnings $43.1M, operating cash flow $133M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 1.1% | 2.2% | -1.1 pts |
| Net margin | 3.6% | 2.2% | +1.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $167M | +16% |
| Other income, net | $39.6M | $9.6M | $30.0M | +313% |
| Operating profit | $12.7M | $22.3M | −$9.6M | -43% |
| Costs & expenses | $1.2B | $999M | $177M | +18% |
| Pre-tax earnings | $52.3M | $31.9M | $20.4M | +64% |
| Cost of revenue | $980M | $844M | $136M | +16% |
| General & admin | $67.2M | $59.5M | $7.6M | +13% |
| Other operating costs | $128M | $95.5M | $32.9M | +34% |
| Net earnings | $43.1M | $22.6M | $20.6M | +91% |
| Income tax | $9.2M | $9.3M | −$151K | -2% |
| Depreciation & amortization | $114M | $114M | $154K | +0.1% |
| Share-based compensation | $10.0M | $8.0M | $1.9M | +24% |
| Working capital & other | $34.3M | $136M | −$102M | -75% |
| Operating cash flow | $133M | $8.4M | $125M | 16× |
| Capital expenditures | $224M | $157M | $66.9M | +43% |
| Negative free cash flow (OCF − capex) | $90.8M | $149M | −$57.8M | -39% |
Questions
How much did Liberty Energy's revenue grow quarter over quarter in Q2 2026?
Liberty Energy's revenue rose $167M (+16%) from $1.0B in Q1 2026 to $1.2B in Q2 2026. Operating margin 1.1% against 2.2% (-1.1 pts).