Liberty Energy Inc. LBRT is set to report second-quarter 2026 earnings on July 22, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 7 cents per share, and the same for revenues is pinned at $1.09 billion.
Let us delve into the factors that might have influenced LBRT’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.
Highlights of LBRT’s Q1 Earnings
In the previously reported quarter, the Denver, CO-based oilfield service company’s earnings beat the consensus mark backed by its focus on technological innovation and strong operational execution. LBRT reported adjusted net income of 6 cents per share, which was in contrast to the Zacks Consensus Estimate of a loss of 13 cents. Moreover, the company's revenues of $1 billion beat the Zacks Consensus Estimate of $949 million. LBRT’s earnings beat the Zacks Consensus Estimate twice in the trailing four quarters while missing the other two, delivering an average negative surprise of 59.22%.
This is depicted in the graph below:
Liberty Energy Inc. Price and EPS Surprise
Liberty Energy Inc. price-eps-surprise | Liberty Energy Inc. Quote
Trend in Estimate Revision of LBRT
The Zacks Consensus Estimate for second-quarter 2026 earnings has been revised 16.7% upward in the past seven days. The estimated figure indicates a 41.7% year-over-year decline. The Zacks Consensus Estimate for revenues indicates growth of 4.6% from the year-ago period.
Factors to Consider Ahead of LBRT’s Q2 Release
Liberty Energy, a leading provider of hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America, appears well positioned to deliver a solid second-quarter 2026 earnings performance, supported by improving completion activity and management's expectation of sequential revenue and profitability growth as fleet utilization increases. The company indicated that customer demand now exceeds available fleet capacity, with accelerating DUC completions and tightening frac market fundamentals beginning to support pricing recovery. Operationally, Liberty Energy continues to leverage record pumping efficiencies and technology-driven productivity gains. Its differentiated digiPrime and digital completion technologies continue to enhance margins and customer value, while strong demand for integrated power solutions from hyperscalers and industrial customers provides an additional growth driver.
On the bearish side, some risks could weigh on quarterly earnings as the company expects only a modest contribution from pricing improvements in the second quarter, with the bulk of pricing benefits deferred to the second half of 2026. Our model predicts that the company’s cost of services is likely to have increased to $834.7 from $812.1 in the year-ago quarter, creating pressure on the reported quarterly earnings. LBRT also continues to face lingering pricing pressure from prior market weakness, while the timing of power projects and customer decisions remains uncertain, potentially delaying revenue recognition.
What Does Our Model Say About LBRT?
Our proven Zacks model predicts an earnings beat for Liberty Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is exactly the case here.
Earnings ESP of LBRT: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is +54.99%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
LBRT’s Zacks Rank: LBRT currently carries a Zacks Rank #2.
Other Stocks to Consider
Here are some other firms from the energy space that you may want to consider, as these, too, have the right combination of elements to post an earnings beat this season.
Baker Hughes Company BKR has an Earnings ESP of +3.73% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Baker Hughes is scheduled to release earnings on July 26. The Zacks Consensus Estimate for BKR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 14.6%. Valued at around $56.8 billion, BKR’s shares have gained 44.3% in a year.
HF Sinclair Corporation DINO currently has an Earnings ESP of +11.69% and a Zacks Rank #2. It is scheduled to release earnings on July 28.
Notably, the Zacks Consensus Estimate for DINO’s 2026 earnings indicates year-over-year growth of about 103%. Valued at around $15 billion, DINO’s shares have surged 98.6% in a year.
NOV Inc. NOV has an Earnings ESP of +19.69% and a Zacks Rank #2 at present. It is scheduled to release earnings on July 28.
The Zacks Consensus Estimate for NOV’s 2026 earnings indicates year-over-year growth of about 33.9%. Valued at around $7 billion, NOV’s shares rose 50.3% in a year.
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Liberty Energy Inc. (LBRT): Free Stock Analysis Report
NOV Inc. (NOV): Free Stock Analysis Report
Baker Hughes Company (BKR): Free Stock Analysis Report
HF Sinclair Corporation (DINO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).