Filing Flows › Liberty Energy (LBRT) › Q3 2026
Liberty Energy (LBRT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Liberty Energy (LBRT) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +0.6% from the quarter before. Operating margin was 1.6%, net loss $39.1M (3.3% of revenue).
Liberty Energy, Q3 2026: revenue $1.2B (+26% year over year), operating margin 1.6%, net loss $39.1M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +0.6% | +26% |
| Operating profit | $19.3M | +52% | — |
| Net earnings | −$39.1M | -191% | -191% |
| Operating cash flow | $223M | +68% | +333% |
What changed
Revenue was $1.2B in Q3 2026, up 26% year over year and up 1% from the previous quarter.
Operating profit was $0.02B, a 1.6% margin (up 1.9 points year over year). Total costs grew 24% against revenue growth of 26%. The fastest-growing cost line was Cost of revenue (+29%). The quarter ended with a net loss of $0.04B, after a profit of $0.04B the previous quarter. Net interest and other expense of $0.07B was the main reason.
Operating cash flow was $0.22B (up 333% year over year). Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.63B exceeded it, leaving free cash flow of −$0.40B.
Questions
What was Liberty Energy's revenue in the third quarter 2026?
Liberty Energy (LBRT) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +0.6% from the quarter before.
Was Liberty Energy profitable in the third quarter 2026?
Operating profit was $19.3M (1.6% of revenue) and net loss $39.1M.
Source: Liberty Energy 10-Q on SEC EDGAR.