Liberty Energy

Q2 FY2026 EarningsQ2 2026 revenue increased 14% YoY to $1.2B, driven by improved completions activity and utilization. Net income fell to $43.1M (EPS $0.26) from $71.0M YoY as cost of services rose 21% due to higher material and labor costs. The company significantly expanded its capital structure by issuing $1.3B in convertible senior notes to fund its Power Innovations (LPI) segment, securing over $2.1B in power generation equipment contracts. Adjusted EBITDA stood at $151.1M, down 16.4% YoY.