Liberty Energy Inc. announced its first quarter 2025 financial and operational results on April 16, 2025. The company reported revenue of $977 million, an 8.9% decrease from $1.1 billion in Q1 2024, but a 4% sequential increase from Q4 2024.
Net income for the quarter totaled $20 million, significantly lower than $82 million in Q1 2024. Adjusted EBITDA was $168 million, down 31% from $245 million in Q1 2024, but up 8% sequentially from $156 million in Q4 2024.
The company repurchased 1,546,138 shares of Class A common stock for approximately $24 million and declared a quarterly cash dividend of $0.08 per share. Liberty anticipates sequential growth in revenue and profitability for the second quarter of 2025, driven by higher utilization and excess demand for its services. The company is also actively assessing tariff implications and expanding its power services beyond the oilfield, including the recent acquisition of IMG Energy Solutions.
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