Liberty Energy Inc.

Earlier this week, we raised our quarterly cash dividend by 13% to reflect confidence in our future and a continued commitment to delivering long-term value to shareholders.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Cash Dividend During the quarter ended September 30, 2025, the Company paid a quarterly cash dividend of $0.08 per share of Class A common stock, or approximately $13 million in aggregate to shareholders.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

On October 14, 2025, the Board declared a cash dividend of $0.09 per share of Class A common stock, to be paid on December 18, 2025 to holders of record as of December 4, 2025.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Future dividends may be adjusted at the Board s discretion based on market conditions and capital availability.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Balance Sheet and Liquidity As of September 30, 2025, Liberty had cash on hand of $13 million and total debt of $253 million, drawn on the secured asset-based revolving credit facility.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Our strategic investments are targeted at accelerating the growth of our power business and advancing completion technologies that reinforce our competitive edge, commented Mr.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Slowing trends in oil markets have more than offset increased demand for natural gas fleet activity where long-term fundamentals remain encouraging in support of LNG export capacity expansion and rising power consumption.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Although industry frac activity has declined since early 2023, the Liberty team has consistently outperformed markets by staying relentlessly focused on customer success and alignment of shared priorities.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

We remain focused on expanding competitive advantages through cycles, allowing us to navigate softer anticipated conditions in the months ahead while remaining well-positioned to react swiftly when demand for frac services rises.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Liberty s on-site power solutions are fully customizable power plants that provide consumers with reliability and clarity around power costs, serving as a strategic hedge against potentially significant increases in grid power prices.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

The team remains committed to driving outstanding results for our customers while navigating current market challenges.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

While we anticipate market headwinds to persist in the near term, we are well positioned to capitalize on opportunities when conditions improve.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Oil producers, which comprise a vast majority of North American frac activity, opted to moderate completions against a backdrop of macroeconomic uncertainty and after exceeding production targets during the first half of the year.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

At the same time, the grid is facing mounting reliability and capacity challenges driven by increased intermittent generation and a lack of investment in transmission infrastructure, continued Mr.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025

These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission.

SEC original ↗Liberty Energy Inc. — Earnings release (8-K exhibit)EX-99Oct 17, 2025