Liberty Energy Q4 2024 Earnings Call Summary

Overall Sentiment & Business Highlights

• Tone: The call had a neutral to slightly positive tone. While Liberty saw weaker Q4 results due to market headwinds, they remain optimistic about rebounding completion activity and growth in power generation.

• Business Highlights:

  • Revenue: $4.3 billion (down from $4.7 billion in 2023, -9% YoY).

  • Net Income: $316 million.

  • Adjusted EBITDA: $922 million (down from $1.2 billion in 2023).

  • Power Business Expansion: Liberty is deploying 400 MW of power generation by 2026, targeting data centers, mining, and industrial applications.

  • Frac Pricing: Weakened in late 2024, but signs of bottoming out.

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