For the quarter ending 2026-03-31, LBRT had $671,686K increase in cash & cash equivalents over the period. -$148,598K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 22,558 | 13,690 | 43,055 | 91,127 |
| Depreciation, depletion, and amortization | 114,059 | 120,243 | 122,981 | 129,366 |
| (gain) loss on disposal of assets, net | 18,513 | -8,925 | 1,210 | -5,631 |
| Stock-based compensation expense | 8,026 | 8,440 | 7,301 | 8,101 |
| Deferred income tax expense | 9,305 | 12,677 | 42,107 | - |
| Gain on investments, net | 17,316 | 6,759 | 68,353 | 68,242 |
| Cash return on equity method investment | 1,566 | 1,597 | 1,372 | 1,195 |
| (gain) loss on remeasurement of liability under tax receivable agreements | - | 147 | - | - |
| Other non-cash items, net | -1,698 | -1,350 | -221 | -2,209 |
| Accounts receivable and unbilled revenue | 124,914 | 30,623 | -30,180 | 60,978 |
| Accounts receivable and unbilled revenuerelated party | 0 | 0 | 0 | 0 |
| Inventories | -2,799 | 4,860 | -15,849 | -1,715 |
| Prepaid and other assets | 9,659 | -21,746 | 36,676 | 10,709 |
| Accounts payable and accrued liabilities | 18,853 | 50,383 | -105,377 | 91,907 |
| Accounts payable and accrued liabilitiesrelated party | 187 | -248 | 248 | -3 |
| Initial payment of operating lease liability | 249 | 979 | 242 | 619 |
| Net cash provided by operating activities | 8,400 | 195,435 | 51,456 | 170,589 |
| Purchases of property and equipment and construction in-progress | 156,998 | 205,387 | 118,665 | 137,511 |
| Investment in equity securities | 3,917 | 0 | 0 | 0 |
| Acquisition of img energy solutions, net of cash received | 0 | 0 | 0 | 0 |
| Sales of equity securities | 0 | -70,133 | 0 | -50,928 |
| Proceeds from sale of assets | 23,572 | 2,544 | 5,631 | 3,465 |
| Net cash used in investing activities | -137,343 | -132,710 | -113,034 | -83,118 |
| Proceeds from issuance of convertible senior notes | 1,295,000 | - | - | - |
| Purchase of capped calls related to convertible senior notes | 186,515 | - | - | - |
| Proceeds from borrowings on line-of-credit | 106,000 | 300,000 | 655,000 | 202,000 |
| Repayments of borrowings on line-of-credit | 336,000 | 323,000 | 562,000 | 252,000 |
| Payments under tra liability | - | 0 | - | - |
| Borrowings on long-term debt | 4,750 | 16,680 | - | - |
| Payment of equity issuance costs | - | 0 | - | - |
| Repayments of long-term debt | 926 | - | - | - |
| Repayments of borrowings on term loan | - | 0 | - | - |
| Payments of debt issuance costs | 36,789 | 1,028 | 4,660 | - |
| Payments on finance lease obligations | 22,385 | 26,832 | 19,889 | 16,520 |
| Class a common stock dividends and dividend equivalents upon restricted stock vesting | 14,618 | 14,578 | 12,956 | 13,753 |
| Payments of payables pursuant to tax receivable agreements | -32,869 | - | 19 | 40,738 |
| Share repurchases | 0 | 0 | 0 | 924 |
| Tax withholding on restricted stock units | 0 | 199 | 0 | 11,037 |
| Net cash provided by (used in) financing activities | 800,629 | -48,957 | 55,495 | -92,234 |
| Net increase in cash and cash equivalents before translation effect | 671,686 | 13,768 | -6,083 | -4,763 |
| Translation effect on cash | -94 | 332 | -26 | 226 |
| Cash and cash equivalentsbeginning of period | 27,554 | 6,530 | 421 | 19,984 |
| Cash and cash equivalentsend of period | 699,146 | 14,100 | -6,109 | 19,563 |
Liberty Energy Inc. (LBRT)
Liberty Energy Inc. (LBRT)