Liberty Energy Inc Class A

LBRT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$74.00	Gfrbn	Lqbrrjlg

Liberty Energy Earnings: Seasonal Pick-Up Drives Solid Performance

Joshua Aguilar ,

Aug 14, 2024

Business Strategy and Outlook

Liberty Energy has provided hydraulic fracturing services since 2011, expanding from one active fleet to over 40 over the past decade. Most of its management team has been involved in technological innovation for fracking since the 1990s. Current tech solutions include statistical analysis to optimize frac design and dual-fuel fleets. The 2020 acquisition of OneStim from Schlumberger, previously the leader in North American pressure pumping, doubled Liberty's capacity while adding a slew of previously unpenetrated customers and shale basins.

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