Liberty Energy Inc. reported its second quarter 2025 financial and operational results on July 24, 2025. Revenue for the quarter was $1.0 billion, a 10% decrease from $1.2 billion in Q2 2024, but a 7% sequential increase from $977 million in Q1 2025.
Net income totaled $71 million, compared to $108 million in Q2 2024. Adjusted EBITDA was $181 million, a 34% decrease from $273 million in Q2 2024, but an 8% sequential increase from $168 million in Q1 2025. The company paid a quarterly cash dividend of $0.08 per share.
In July 2025, Liberty expanded its credit facility by $225 million to $750 million. The company also completed the field trial of the industry’s first last-mile sand slurry system and announced strategic alliances for power facilities in Pennsylvania and Colorado. Additionally, a collaboration with Oklo for integrated power solutions was launched. However, completions activity is anticipated to gradually slow during the second half of the year, contributing to market pricing pressure on services.
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