Below are the financial statements of Liberty Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Revenue | 4,183.82a | 4,533.05a | 4,000.78a |
| Revenue - related parties | 131.34a | 214.88a | 148.45a |
| Total revenue | 4,315.16a | 4,747.93a | 4,149.23a |
| Operating costs and expenses | — | — | — |
| Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) | -3,200.51a | -3,349.37a | -3,149.04a |
| General and administrative | -225.47a | -221.41a | -180.04a |
| Transaction and other costs | 0a | -2.05a | -5.84a |
| Depreciation, depletion, and amortization | -505.05a | -421.51a | -323.03a |
| Gain on disposal of assets, net | -5.34a | -6.99a | -4.6a |
| Total operating costs and expenses | -3,925.69a | -3,987.35a | -3,653.34a |
| Operating income | 389.47a | 760.58a | 495.89a |
| Other (income) expense | — | — | — |
| Loss (gain) on remeasurement of liability under tax receivable agreements | 3.21a | -1.82a | 76.19a |
| Unrealized gain on investments, net | -49.23a | 0a | -2.53a |
| Interest income - related party | -0.48a | -1.99a | 0a |
| Interest expense, net | -32.69a | -29.49a | -22.72a |
| Total other (income) expense, net | -13.8a | 25.69a | 96.38a |
| Net income before income taxes | 403.27a | 734.89a | 399.51a |
| Income tax expense (benefit) | -87.26a | -178.48a | -0.79a |
| Net income | 316.01a | 556.41a | 400.3a |
| Less: Net income attributable to non-controlling interests | 0a | 0.09a | 0.7a |
| Net income attributable to Liberty Energy Inc. stockholders | 316.01a | 556.32a | 399.6a |
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