- Adjusted EBITDA increased 8% sequentially to $181 million from $168 million in the prior quarter.
- Capital expenditures were $134 million, including investments in digiFleet, maintenance, LPI infrastructure, and other products, with expected total 2025 CapEx of approximately $575 million, $75 million less than planned.
- General and administrative expenses decreased to $58 million from $66 million, primarily due to accelerated modified stock-based compensation related to a prior executive departure.
- Liberty Energy reported second quarter 2025 revenue of $1 billion, a 7% sequential increase from $977 million in the prior quarter, driven by higher activity across nearly all business lines despite pricing headwinds and softer Permian sand market conditions.
- Net debt decreased by $46 million to $140 million, and cash balance ended at $20 million.
- Net income for the quarter was $71 million compared to $20 million in the prior quarter, with adjusted net income of $20 million versus $7 million, excluding $51 million of tax-effected gains on investments.
- Other income totaled $58 million, including $68 million gains on investments offset by $10 million interest expense.
- Tax expense was $24 million, approximately 25% of pretax income, with cash taxes at $20 million.
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