Liberty Energy Inc (LBRT) News & EventsLBRTLiberty Energy Inc

Nasdaq Composite Rises Over 1%, Tesla Falls 3.3%

All the major averages were up, though the outsized bounce in technology stocks helped Nasdaq Composite to post an outsized increase of over 1%.  AI-exposed Industrials and Technology were also the top two performing sectors in the S&P 500, where Semiconductors as well as Enterprise Software marched in step to the upside.   Software iShares ETF (IGV) was up for the second consecutive day, rising 1.8%, while iShares Semiconductorsrallied over 2%.  In turn, rising Treasury yields punished the rate-sensitive sectors - REITs was among the worst performing areas of the market.The afterhours earnings session saw mixed results for high-profile Tech and AI-driven names: Lam Research and IBM were down, though Meta Platforms and Texas Instruments were modestly higher.  Tesla initially rallied on earnings, but the stock retreated during the earnings call as the company cut its capex view for this year to $20B from $25B.  Subsequently, in the opening hours of the evening session, the Nasdaq 100 contract is down by 0.7% while S&P e-Minis are down by 0.5%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Liberty Energyup 8.8%CSXup 3.7%Knight-Swift Transportationup 3.3%Meta Platformsup 2.5%SAP SEup 2.3%Kinder Morganup 2.0%Texas Instrumentsup 1.2%United Rentalsup 0.6%DOWN AFTER EARNINGS -Lam Researchdown 6.8%IBMdown 4.4%Tesladown 3.3%Las Vegas Sandsdown 2.7%

Liberty Reports Q3 Revenue of $1.2B, Exceeding Expectations

Reports Q3 revenue $1.2B, consensus $1.19B. "Liberty's completions trajectory has improved meaningfully from early year cyclical lows. Strong customer engagement and strengthening market fundamentals provide a more constructive outlook as we close out the year. Q3 of $1.2B and Adjusted EBITDA of $142M reflected strong operational execution and modest price increases, partially offset by drilling-related delays and cost inflation headwinds," commented CEO Ron Gusek. "In power, we are excited to share that Liberty Power Innovations entered into a strategic development agreement with a leading frontier AI lab and a dedicated infrastructure platform for 1.2 GW of integrated power services at data center campuses. The agreement includes a significant prepayment of capacity fees and targeted execution of the first energy service agreement contract for approximately 500 MW by December 2026. ..We see significant opportunity to expand this relationship and are already working together to advance additional projects across other sites, including gas supply, interconnection, permitting and construction planning."

Liberty Energy Declares $0.10 Dividend per Share

Liberty Energy announced that its Board of Directors has declared a dividend of 10c per share of Class A common stock, to be paid on December 18 to holders of record as of December 4.