Liberty (LBRT) Q2 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 11:14 AM CDT 54 min read

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Thursday, July 24, 2025 astatine 10 a.m. ET

• President — Ron Gusek

• Chief Financial Officer — Michael Stock

Ron Gusek: Good morning, everyone, and convey you for joining america to sermon our 2nd 4th 2025 operational and fiscal results. Liberty delivered an exceptional 2nd 4th amidst accrued macroeconomic uncertainty and vigor assemblage volatility. Revenue and adjusted EBITDA accrued 7% and 8% sequentially, respectively, against an manufacture backdrop of softening completions activity. This beardown show is simply a nonstop reflection of the outstanding contributions of our team, safely driving grounds efficiencies and accrued utilization that much than offset manufacture pricing headwinds. Our outstanding show with lasting lawsuit loyalty and reinforces our presumption arsenic the fleet of prime successful a competitory market. Tariff policies, the accelerated unwind of OPEC positive accumulation and geopolitical hostility drove renewed uncertainty successful the vigor sector.

During the quarter, we collaborated arsenic partners with our customers to thrust greater efficiencies, which is apt to turn our marketplace stock arsenic enactment pulls backmost successful the 2nd fractional of 2025. Amidst marketplace pressures and near-term reductions successful lawsuit activity, we are readying to modestly trim our deployed fleet number and reposition this horsepower to enactment expanded request from semipermanent partners for our simul-frac offering. We are leveraging our afloat suite of completion products and services, including frac, wireline, sand, chemicals, logistics, fueling services and top-tier engineering and diagnostic tools to thrust accrued engagement with our customers. We person created a unsocial competitory presumption that allows america to enactment agile successful dynamic markets.

We are excited to bolster our exertion enactment with accelerated advancement connected our cutting-edge digiPrime enhancement with the industry's archetypal adaptable velocity earthy state reciprocating engine. This is genuinely the adjacent question of exertion successful frac fleet design. We present person 2 adaptable velocity digiPrime units pumping successful the tract that person unneurotic completed implicit 1,700 hours of investigating successful the high- unit situation of West Texas. These units supply precision complaint power and accrued torque, expanding some operational and superior efficiency. This latest exertion advancement expands our quality to connection a 100% earthy state solution. Our palmy improvement and tract investigating during the 2nd 4th bespeak our committedness to continued innovation successful high-efficiency, low- emanation technologies.