Liberty Energy (LBRT)
Market Price (5/6/2026): $33.69 | Market Cap: $5.5 BilSector: Energy | Industry: Oil & Gas Equipment & Services
Liberty Energy (LBRT)
Market Price (5/6/2026): $33.69Market Cap: $5.5 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. | Trading close to highsDist 52W High is -0.7%, Dist 3Y High is -0.7% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 36x Stock price has recently run up significantly12M Rtn12 month market price return is 199% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.3% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 81% Key risksLBRT key risks include [1] execution challenges and significant capital expenditures from its aggressive diversification into the power generation market, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. |
| Trading close to highsDist 52W High is -0.7%, Dist 3Y High is -0.7% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 36x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 199% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.3% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 81% |
| Key risksLBRT key risks include [1] execution challenges and significant capital expenditures from its aggressive diversification into the power generation market, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Stronger-than-expected Q1 2026 Earnings and Robust Q4 2025 Performance.
Liberty Energy reported strong financial results, surpassing analyst expectations for Q1 2026 with an EPS of $0.06 against a consensus estimate of -$0.13, and quarterly revenue increasing 4.5% year-over-year to $1.02 billion, exceeding estimates of $954.71 million. This followed solid Q4 2025 results, announced just before the period began, which showed a 10% sequential increase in revenue to $1.0 billion and adjusted EBITDA of $158 million. The company also demonstrated a commitment to shareholder returns by raising its quarterly cash dividend by 13% to $0.09 per share starting in Q4 2025 and distributing $15 million in cash dividends in Q1 2026.
2. Strategic Expansion into Distributed Power and Data Center Market.
Liberty Energy made significant advancements in diversifying its business by expanding into distributed power solutions, particularly for data centers. The company announced a 1-gigawatt power development agreement with Vantage Data Centers, with 400 megawatts reserved for delivery in 2027, and secured a preliminary energy services agreement for 330 megawatts with another data center developer in Texas. This strategic move includes an accelerated deployment plan for distributed power projects to 3 gigawatts by 2029, with plans to take delivery of approximately 500 megawatts of power generation equipment in 2026, positioning the company for growth in new, high-demand sectors.
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Stock Movement Drivers
Fundamental Drivers
The 37.2% change in LBRT stock from 1/31/2026 to 5/5/2026 was primarily driven by a 69.9% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.57 | 33.70 | 37.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,911 | 4,050 | 3.6% |
| Net Income Margin (%) | 4.8% | 3.7% | -22.0% |
| P/E Multiple | 21.4 | 36.3 | 69.9% |
| Shares Outstanding (Mil) | 162 | 162 | -0.1% |
| Cumulative Contribution | 37.2% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LBRT | 37.2% | |
| Market (SPY) | 3.6% | -1.2% |
| Sector (XLE) | 17.2% | 30.9% |
Fundamental Drivers
The 87.6% change in LBRT stock from 10/31/2025 to 5/5/2026 was primarily driven by a 132.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.97 | 33.70 | 87.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,911 | 4,050 | 3.6% |
| Net Income Margin (%) | 4.8% | 3.7% | -22.0% |
| P/E Multiple | 15.6 | 36.3 | 132.3% |
| Shares Outstanding (Mil) | 162 | 162 | -0.1% |
| Cumulative Contribution | 87.6% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LBRT | 87.6% | |
| Market (SPY) | 5.5% | 18.9% |
| Sector (XLE) | 37.0% | 27.0% |
Fundamental Drivers
The 199.7% change in LBRT stock from 4/30/2025 to 5/5/2026 was primarily driven by a 407.2% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.25 | 33.70 | 199.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,219 | 4,050 | -4.0% |
| Net Income Margin (%) | 6.0% | 3.7% | -38.4% |
| P/E Multiple | 7.2 | 36.3 | 407.2% |
| Shares Outstanding (Mil) | 162 | 162 | -0.1% |
| Cumulative Contribution | 199.7% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LBRT | 199.7% | |
| Market (SPY) | 30.4% | 26.2% |
| Sector (XLE) | 52.4% | 41.5% |
Fundamental Drivers
The 177.2% change in LBRT stock from 4/30/2023 to 5/5/2026 was primarily driven by a 860.6% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.16 | 33.70 | 177.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,619 | 4,050 | -12.3% |
| Net Income Margin (%) | 12.3% | 3.7% | -69.8% |
| P/E Multiple | 3.8 | 36.3 | 860.6% |
| Shares Outstanding (Mil) | 177 | 162 | 9.0% |
| Cumulative Contribution | 177.2% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LBRT | 177.2% | |
| Market (SPY) | 78.7% | 39.5% |
| Sector (XLE) | 54.0% | 60.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LBRT Return | -6% | 66% | 15% | 11% | -5% | 84% | 249% |
| Peers Return | 34% | 65% | -25% | -13% | -12% | 74% | 118% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| LBRT Win Rate | 58% | 67% | 42% | 58% | 42% | 100% | |
| Peers Win Rate | 52% | 68% | 32% | 43% | 45% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| LBRT Max Drawdown | -15% | 0% | -27% | -7% | -49% | 0% | |
| Peers Max Drawdown | -5% | -6% | -40% | -29% | -38% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HAL, SLB, PTEN, ACDC, PUMP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/5/2026 (YTD)
How Low Can It Go
| Event | LBRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -43.4% | -18.8% |
| % Gain to Breakeven | 76.8% | 23.1% |
| Time to Breakeven | 204 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.5% | -6.7% |
| % Gain to Breakeven | 36.0% | 7.1% |
| Time to Breakeven | 118 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -72.5% | -33.7% |
| % Gain to Breakeven | 263.3% | 50.9% |
| Time to Breakeven | 153 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -43.6% | -19.2% |
| % Gain to Breakeven | 77.4% | 23.7% |
| Time to Breakeven | 1923 days | 105 days |
In The Past
Liberty Energy's stock fell -43.4% during the 2025 US Tariff Shock. Such a loss loss requires a 76.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | LBRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -43.4% | -18.8% |
| % Gain to Breakeven | 76.8% | 23.1% |
| Time to Breakeven | 204 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.5% | -6.7% |
| % Gain to Breakeven | 36.0% | 7.1% |
| Time to Breakeven | 118 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -72.5% | -33.7% |
| % Gain to Breakeven | 263.3% | 50.9% |
| Time to Breakeven | 153 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -43.6% | -19.2% |
| % Gain to Breakeven | 77.4% | 23.7% |
| Time to Breakeven | 1923 days | 105 days |
In The Past
Liberty Energy's stock fell -43.4% during the 2025 US Tariff Shock. Such a loss loss requires a 76.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Liberty Energy (LBRT)
AI Analysis | Feedback
Liberty Energy is like a specialized **Halliburton** or **Schlumberger**, focusing primarily on hydraulic fracturing services and the supply of crucial frac sand to North American oil and gas companies.
Think of Liberty Energy as a major **industrial services contractor**, providing specialized heavy equipment and expert crews for the complex task of stimulating oil and gas wells, similar to how **Fluor** or **Jacobs Engineering** manage large-scale industrial projects, but for well completions.
Liberty Energy is like a highly specialized **United Rentals** for the oil and gas industry, providing both the advanced fracturing equipment and the expert crews to operate it for oil and gas extraction.
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Liberty Energy (LBRT) provides the following major services:
- Hydraulic Fracturing Services: Provides specialized services for stimulating oil and natural gas wells by injecting fluid at high pressure to create fractures, including pressure pumping.
- Wireline Services: Offers services utilizing a wireline to deploy equipment into wells for various operations such as logging, perforating, and setting tools.
- Proppant Delivery Solutions: Manages the supply, logistics, and delivery of proppants, like sand from its owned mines, essential for hydraulic fracturing operations.
- Pumpdown Perforating Services: Delivers precise perforating services for well completion and stimulation through pumpdown technologies.
- Data Analytics: Provides analytical services to optimize well performance, operational efficiency, and decision-making for exploration and production clients.
AI Analysis | Feedback
Liberty Energy (LBRT) sells its services and related goods primarily to other companies. Based on its public filings, no single customer accounts for more than 10% of its total revenues, meaning no individual major customers are disclosed by name.
However, Liberty Energy serves the following categories of companies:
- Major integrated oil and gas companies
- Large independent oil and gas companies
- Smaller independent oil and gas companies
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Ron Gusek - CEO, President & Director
Ron Gusek has served as Liberty's Chief Executive Officer and board member since February 2025, and President since November 2016. He previously held the role of Vice President of Technology and Development. With over 25 years of extensive oil and gas experience garnered in North America, Asia, Russia, and the Middle East, his focus at Liberty includes new technology, innovation, service quality, efficiency, and optimization. Ron holds a B.Sc. in Mechanical Engineering from the University of Alberta.
Michael Stock - Chief Financial Officer & Treasurer
Michael Stock joined Liberty in April 2012 and assumed the Treasurer title in March 2018. He brings over 25 years of financial and systems implementation experience, having been involved in global financial management, mergers and acquisitions, strategic planning, and risk management throughout his career. Prior to Liberty, Michael was the CFO for TAS Energy Inc., an innovative Cleantech Energy company, from 2009 to 2012. At TAS, he was a key part of raising equity from leading investment groups including Kleiner Perkins, Element Partners, NGP, and Credit Suisse, indicating a pattern of managing companies backed by private equity firms. From 1997 to 2009, Michael served as the CFO for Pinnacle Technologies Inc., a prominent oil field service company.
Sean Elliott - Chief Legal Officer & Corporate Secretary
Sean Elliott has been Liberty's Chief Legal Officer since January 2023, having served as Vice President and General Counsel since March 2017, and Corporate Secretary since 2018. He possesses over 20 years of legal experience, with much of his career spent in leadership roles within publicly traded companies. Before joining Liberty, Sean worked as Assistant General Counsel at USAA Real Estate Company. He earned a bachelor's degree (magna cum laude) in Economics and Business Administration from Austin College and a Juris Doctorate degree (with honors) from The University of Texas at Austin.
Ryan Gosney - Chief Accounting Officer & Vice President of Finance
Ryan Gosney serves as Liberty's Chief Accounting Officer and took on the Vice President of Finance role in January 2025, overseeing accounting and finance operations.
Jim Brady - Senior Vice President of Operations
Jim Brady has been the Senior Vice President of Operations at Liberty Energy since the company's inception. With over two decades of experience in the oil and gas industry, his expertise covers personnel management, equipment, vendor relations, and customer dynamics. He has been instrumental in cultivating a corporate culture that emphasizes service excellence, safety, and a commitment to achieving the highest industry standards.
AI Analysis | Feedback
The key risks to Liberty Energy Inc. (LBRT) primarily stem from its deep ties to the volatile oil and natural gas industry, the evolving regulatory landscape surrounding hydraulic fracturing, and the significant capital requirements and execution challenges associated with its diversification strategy into distributed power.
- Commodity Price Volatility: Liberty Energy's demand for services, including hydraulic fracturing and wireline, is directly influenced by the capital expenditures and activity levels of its exploration and production (E&P) customers. These customer activities are highly sensitive to fluctuations in oil and natural gas prices. A sustained downturn in commodity prices can lead to reduced drilling and completion activity, decreased demand for Liberty Energy's services, lower asset utilization, and subsequent adverse impacts on revenue and profitability. The company operates in a highly cyclical industry, making it vulnerable to the boom-bust cycles of North American shale activity.
- Regulatory and Environmental Risks: The hydraulic fracturing industry faces significant scrutiny and potential challenges from environmental regulations and public opposition. Concerns over water contamination, air emissions, seismic activity, and the overall environmental impact of fracking could lead to stricter federal, state, and local legislation. Such regulations could impose additional restrictions, increase operational costs, or even limit future oil and natural gas exploration and production activities, directly affecting Liberty Energy's core business. Increased societal and governmental focus on ESG (Environmental, Social, and Governance) factors and climate change issues may also impact business operations, access to financing, and the long-term demand for fossil fuel-related services.
- High Capital Expenditures and Execution Risk in Diversification: Liberty Energy is undertaking a strategic diversification into distributed power generation, which requires substantial capital investment. This strategy introduces execution risks, including potential project delays, intense competition in the power market, and the uncertainty of securing long-term contracts for the new capacity. The elevated capital expenditures could strain the company's free cash flow and balance sheet, particularly if market demand for these new services weakens or if the projected returns on these investments take longer to materialize. Additionally, there is a customer concentration risk within the emerging power segment, as success depends heavily on securing contracts with a limited number of large hyperscale data center operators.
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Addressable Markets for Liberty Energy (LBRT)
Liberty Energy Inc. operates in several key addressable markets within North America, primarily focusing on hydraulic fracturing services, wireline services, proppant delivery solutions (including frac sand), and data analytics for the oil and natural gas industry.
- Hydraulic Fracturing Services: The North America hydraulic fracturing market is a significant addressable market for Liberty Energy. In 2025, North America held the largest revenue share of the global hydraulic fracturing market, accounting for 33.5% of an estimated global market size of approximately USD 58.49 billion. This market is projected to reach USD 95.92 billion by 2033. Another estimate places the North America hydraulic fracturing market share at 67.60% in 2025. The North America Hydraulic Fracturing Fluids Market, a component of these services, was valued at USD 24.26 billion in 2024 and is expected to reach USD 32.24 billion by 2030.
- Wireline Services: For wireline services, the North American market was valued at USD 3.91 billion in 2025 and is estimated to be USD 4.12 billion in 2026. North America holds the largest market share for wireline services, driven by the significant presence of oil and gas reserves, particularly from shale formations, and increasing drilling and completion activities in the U.S. and Canada. The global wireline services market was valued at USD 10.83 billion in 2025 and is projected to reach USD 16.62 billion by 2034.
- Proppant Delivery Solutions (including Frac Sand): Liberty Energy's involvement in proppant delivery and sand mining addresses a substantial North American market. The North America proppants market generated a revenue of USD 4,156.6 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030, reaching an estimated USD 6,899.9 million by 2030. More specifically for frac sand, the North America frac sand market was valued at USD 1,698.1 million in 2024 and is projected to reach USD 3,094.9 million by 2033. North America dominated the frac sand industry with over 55.0% revenue share in 2024.
- Data Analytics: The oil and gas analytics market, where Liberty Energy offers data analytics, is also a growing segment. The global oil and gas analytics market size was estimated at USD 8.15 billion in 2023 and is projected to reach USD 31.68 billion by 2030. North America accounted for the largest market share, at 40.85%, in 2023. Another report valued the global oil and gas analytics market at USD 12.28 billion in 2025, with a projection to reach USD 71.93 billion by 2034. North America consistently leads this market due to strong adoption in shale operations, offshore drilling, and integrated refining systems.
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Expected Drivers of Future Revenue Growth for Liberty Energy (LBRT)
- Expansion of Distributed Power Solutions Business (LPI): Liberty Energy is strategically expanding its presence in the power market with its LPI distributed power solutions. The company has ambitious plans to grow its power generation capacity to over 1 gigawatt (GW) by 2027 and 3 GW by 2029, securing significant agreements with entities like Vantage Data Centers. This initiative is anticipated to be a substantial long-term revenue growth driver, capitalizing on the increasing demand for reliable, on-site power generation, particularly from data centers and industrial reshoring.
- Increased Frac Fleet Utilization and Potential for Price Improvement: Despite some industry-wide activity reductions and pricing headwinds, Liberty Energy expects that frac fleet supply attrition will lead to tighter markets over time. This tightening is projected to create opportunities for price improvements and higher utilization rates for its active frac fleets in the coming years. The company has also demonstrated its ability to outperform the market and gain market share even during industry slowdowns due to superior operational performance.
- Growth in Natural Gas Demand: Liberty Energy is well-positioned to benefit from the growing demand for natural gas. This demand is supported by the significant expansion of Liquefied Natural Gas (LNG) export capacity and increasing power consumption. The company's strategic presence in gas-prone basins and its efficient fleet technology align with this structural demand trend, offering a natural hedge and a clear growth pathway beyond the immediate oil market cycles.
- Technological Innovation and Operational Execution: Liberty Energy's continuous focus on technological innovation and strong operational execution is a key driver. The company leverages AI-driven asset optimization software and its proprietary digiTechnologies (such as digiPrime fleets and StimCommander software) to enhance efficiency, reliability, and safety while reducing maintenance costs. This technological edge and operational excellence are expected to contribute to sustained market share gains and revenue growth.
- Strategic Expansion of Simulfrac Offering and Customer Relationships: Liberty Energy has been strengthening its customer relationships by expanding its simulfrac offering with strategic dedicated customers. This expansion of advanced services has led to meaningful operational efficiencies for its clients, indicating potential for continued revenue growth through deeper customer engagement and broader adoption of its specialized fracturing services.
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Share Repurchases
- Liberty Energy repurchased approximately $24 million of Class A common stock in 2025.
- The company executed $127 million in share buybacks during 2024.
- Liberty Energy increased and extended its share repurchase authorization to $750 million through July 2026, with approximately $270 million remaining as of the first quarter of 2025.
Share Issuance
- In February 2026, Liberty Energy proposed an offering of $500 million aggregate principal amount of convertible senior notes due 2031.
- During the second quarter of 2025, the company reported approximately $51 million in proceeds from the sale of equity securities.
Outbound Investments
- In the first quarter of 2025, Liberty Energy expanded its Liberty Power Innovations (LPI) distributed power systems offering through the acquisition of IMG Energy Solutions.
- During 2024, Liberty Energy announced a partnership with Tamboran to develop the Beetaloo shale gas basin in Australia, and a Liberty fleet arrived in the country.
- Liberty Energy invested $15 million in acquisitions in 2025.
Capital Expenditures
- Total capital expenditures for 2025 are expected to be approximately $575 million, which includes investments in digiFleets, capitalized maintenance, and LTI infrastructure.
- For the full year 2024, capital expenditures amounted to $627 million, focusing on digiFleet, LPI gas compression and delivery infrastructure, wet sand technology, and capitalized maintenance.
- Liberty Energy projects 2025 capital expenditures at approximately $650 million, primarily focused on completions and power generation, with plans to deploy an additional 400 megawatts of power generation by the end of 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Liberty Energy Stock On Fire: Up 29% With 8-Day Winning Streak | 04/30/2026 | |
| 7-Day Rally Sends Liberty Energy Stock Up 26% | 04/29/2026 | |
| Liberty Energy Stock On Fire: Up 25% With 6-Day Winning Streak | 04/28/2026 | |
| Liberty Energy Earnings Notes | 12/27/2025 | |
| Can Liberty Energy Stock Recover If Markets Fall? | 10/17/2025 | |
| Liberty Energy (LBRT) Net Income Comparison | 08/08/2025 | |
| Liberty Energy (LBRT) Debt Comparison | 08/08/2025 | |
| Liberty Energy (LBRT) Operating Income Comparison | 08/08/2025 | |
| Liberty Energy (LBRT) EBITDA Comparison | 08/08/2025 | |
| ARTICLES | ||
| Liberty Energy Stock Rockets 26% With 7-Day Winning Streak | 04/29/2026 | |
| Liberty Energy Stock 6-Day Winning Spree: Stock Climbs 25% | 04/28/2026 | |
| Small Cap Stocks Trading At 52-Week High | 03/13/2026 |
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| 12122025 | NOV | NOV | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 25.4% | 25.4% | -6.5% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 25.16 |
| Mkt Cap | 5.1 |
| Rev LTM | 4,357 |
| Op Inc LTM | 31 |
| FCF LTM | 146 |
| FCF 3Y Avg | 251 |
| CFO LTM | 621 |
| CFO 3Y Avg | 872 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -6.7% |
| Rev Chg 3Y Avg | -1.7% |
| Rev Chg Q | -2.1% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Inc Chg LTM | -54.3% |
| Op Inc Chg 3Y Avg | -44.5% |
| Op Mgn LTM | 0.5% |
| Op Mgn 3Y Avg | 5.2% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 14.0% |
| CFO/Rev 3Y Avg | 17.9% |
| FCF/Rev LTM | 3.4% |
| FCF/Rev 3Y Avg | 6.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.1 |
| P/S | 1.5 |
| P/Op Inc | 0.7 |
| P/EBIT | 4.3 |
| P/E | 9.5 |
| P/CFO | 11.6 |
| Total Yield | 1.6% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 7.2% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 18.1% |
| 3M Rtn | 35.1% |
| 6M Rtn | 60.3% |
| 12M Rtn | 124.9% |
| 3Y Rtn | 40.8% |
| 1M Excs Rtn | 9.3% |
| 3M Excs Rtn | 30.2% |
| 6M Excs Rtn | 52.6% |
| 12M Excs Rtn | 85.0% |
| 3Y Excs Rtn | -43.6% |
Price Behavior
| Market Price | $33.70 | |
| Market Cap ($ Bil) | 5.5 | |
| First Trading Date | 01/12/2018 | |
| Distance from 52W High | -0.7% | |
| 50 Days | 200 Days | |
| DMA Price | $29.45 | $19.53 |
| DMA Trend | up | up |
| Distance from DMA | 14.4% | 72.5% |
| 3M | 1YR | |
| Volatility | 50.6% | 62.2% |
| Downside Capture | -0.43 | 0.48 |
| Upside Capture | 49.91 | 194.67 |
| Correlation (SPY) | -1.0% | 26.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.79 | -0.66 | -0.05 | 0.76 | 1.32 | 1.36 |
| Up Beta | -0.60 | -0.92 | -0.80 | -0.10 | 0.84 | 1.31 |
| Down Beta | -11.49 | 1.89 | 1.61 | 1.95 | 1.40 | 1.98 |
| Up Capture | -36% | -45% | 70% | 153% | 302% | 155% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 25 | 36 | 71 | 130 | 379 |
| Down Capture | -1550% | -224% | -142% | 8% | 104% | 100% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 18 | 28 | 54 | 121 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LBRT | |
|---|---|---|---|---|
| LBRT | 182.3% | 62.5% | 1.89 | - |
| Sector ETF (XLE) | 49.9% | 19.6% | 1.94 | 41.4% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 25.8% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | -10.9% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | 24.5% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 8.6% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | 9.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LBRT | |
|---|---|---|---|---|
| LBRT | 24.0% | 55.2% | 0.60 | - |
| Sector ETF (XLE) | 23.4% | 26.0% | 0.80 | 68.4% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 37.4% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 6.0% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 50.2% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 25.3% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 10.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LBRT | |
|---|---|---|---|---|
| LBRT | 5.4% | 65.0% | 0.37 | - |
| Sector ETF (XLE) | 10.2% | 29.5% | 0.39 | 66.6% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 41.2% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 4.3% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 46.6% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 30.9% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 12.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | 1.3% | 4.5% | |
| 1/29/2026 | -2.7% | -6.4% | 12.4% |
| 10/17/2025 | 3.5% | 7.0% | 5.1% |
| 7/25/2025 | -0.6% | -11.6% | -14.2% |
| 4/17/2025 | -4.5% | 0.7% | -0.9% |
| 1/29/2025 | -7.1% | -14.1% | -16.4% |
| 10/16/2024 | -8.9% | -14.5% | -13.7% |
| 7/17/2024 | 1.6% | -3.9% | -6.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 13 |
| # Negative | 13 | 10 | 10 |
| Median Positive | 1.6% | 2.7% | 7.1% |
| Median Negative | -4.2% | -9.7% | -10.5% |
| Max Positive | 13.2% | 16.4% | 54.9% |
| Max Negative | -8.9% | -17.4% | -31.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/02/2026 | 10-K |
| 09/30/2025 | 10/17/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/17/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/18/2024 | 10-Q |
| 03/31/2024 | 04/18/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 10/19/2023 | 10-Q |
| 06/30/2023 | 07/21/2023 | 10-Q |
| 03/31/2023 | 04/21/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue Growth | |||||||
| 2029 Power Projects Deployment | 3.00 Bil | ||||||
Prior: Q4 2025 Earnings Reported 1/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2029 Power Projects Deployment | 3.00 Bil | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kimble, William F | Chairman of the Board | Direct | Sell | 5052026 | 33.92 | 7,350 | 249,312 | 3,046,186 | Form |
| 2 | Murti, Arjun N | Direct | Buy | 2192026 | 25.79 | 9,696 | 250,000 | 710,830 | Form | |
| 3 | Elliott, R Sean | Chief Legal Officer | Direct | Sell | 2092026 | 25.40 | 25,000 | 635,000 | 8,716,010 | Form |
| 4 | Stock, Michael | Chief Financial Officer | Direct | Sell | 2092026 | 25.38 | 25,000 | 634,500 | 19,918,706 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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