Liberty Energy Inc.

Liberty Energy reported second-quarter 2026 adjusted net profit of 9 cents per share, beating the Zacks Consensus Estimate of 7 cents, while revenues rose 14% year over year to $1.2 billion. Adjusted EBITDA fell 16% to $151 million, and total costs and expenses increased 17% to $1.2 billion. The company declared a cash dividend of 9 cents per share, payable September 18, 2026, and announced a joint venture with PowerBridge to develop powered data center campuses, initially supporting a planned 2-gigawatt facility in West Texas. Liberty Energy also formed a strategic alliance with SLB and launched Liberty Wholesale Commodities to expand its Chorus platform into ERCOT power markets. Shares have lost about 1.9% since the earnings report, underperforming the S&P 500.

SLB announced an alliance with Liberty Energy to deliver modular behind-the-meter power solutions for AI-driven data centers, while its OneSubsea joint venture secured a multi-well subsea EPC contract from Eni for Phase 3 of the Baleine project offshore Côte d'Ivoire. The company's narrative projects $42.2 billion in revenue and $5.6 billion in earnings by 2029, requiring 5.5% annual revenue growth and a $2.3 billion earnings increase from $3.3 billion today. A Kuwait Oil Company seven-year Ahmadi Innovation Valley agreement reinforces SLB's push into AI, industrial IoT, and production optimization. Analysts' cautious view assumes about 3% annual revenue growth and roughly $4.8 billion in earnings by 2029. SLB's fair value estimate stands at $61.39, representing a 30% upside to its current price.

Liberty Energy reported second-quarter non-GAAP earnings per share of $0.09, beating analyst estimates by $0.01. Revenue reached $1.2 billion, a 20 percent increase year-over-year, exceeding expectations by $110 million. Adjusted EBITDA was $151 million, and the company distributed $15 million to shareholders through cash dividends.

Liberty Energy declared a quarterly dividend of $0.09 per share, in line with its previous payout. The dividend carries a forward yield of 1.43% and is payable on September 18 to shareholders of record as of September 4, with the ex-dividend date also set for September 4.

Liberty Energy beat Wall Street revenue expectations in the second quarter of calendar year 2026, reporting sales of $1.19 billion, an 8.5% beat over analyst estimates of $1.10 billion and a 14% increase year on year. Adjusted earnings per share came in at $0.09, in line with consensus, while adjusted EBITDA of $151.1 million edged past the $150.4 million estimate. CEO Ron Gusek attributed the performance to strong operational execution and benefits from strategic investments and AI-driven technology advancements amid commodity price volatility. The company's operating margin declined to 1.1% from 3.6% a year earlier, and its market capitalization stood at $4.10 billion.

Liberty Energy Inc. reported second quarter 2026 revenue of $1.2 billion, a 14% increase from the prior year, with net income of $43 million and adjusted EBITDA of $151 million. The company distributed $15 million to shareholders through cash dividends and announced a joint venture with PowerBridge LLC to support gigawatt-scale powered data center campuses, including an initial deployment of over 300 megawatts targeted for late 2027. Liberty also formed a strategic alliance with SLB to deliver modular infrastructure and integrated power generation solutions for global data center projects, and established Liberty Wholesale Commodities to extend its Chorus offering through direct participation in ERCOT power markets. The company secured additional long-term equipment purchases with several leading OEMs to support its power generation roadmap through 2030, and commenced commercial operations of its proprietary last-mile sand slurry delivery system, SLXRRY. CEO Ron Gusek highlighted strong operational execution amid commodity price volatility and geopolitical uncertainty, noting that the digiPrime platform's success in the U.S. is leading to a fleet deployment in Canada with a key cross-border customer.

Liberty Energy and PowerBridge have formed a strategic joint venture to support a planned 2 gigawatt powered data center campus in West Texas. The venture combines PowerBridge's digital campus development assets with Liberty Power Innovations' integrated power generation and energy management capabilities. The initial phase of the Alpha Digital Campus is expected to include more than 300 megawatts of generation capacity, with first power delivery anticipated in the fourth quarter of 2027 and continuing through the first half of 2028. The joint venture is structured to align ownership, capital investment, and operational responsibilities, and remains subject to final commercial agreements and regulatory approvals.

SLB shares drew attention after the company announced a new alliance with Liberty Energy to supply modular infrastructure and integrated power generation for data centers serving AI and high performance computing. The most widely followed narrative points to a fair value around $61.39, compared with SLB's last close at $47.54, suggesting the stock is undervalued. This valuation is grounded in detailed long-term earnings and cash flow assumptions, supported by double-digit year-over-year growth in SLB's digital business, notably the DELFI platform. However, the narrative faces pressure from potential declines in global upstream spending and the risk that the ChampionX integration delivers slower or smaller cost synergies.

Liberty Energy declared a quarterly cash dividend of $0.09 per share, in line with the previous payout. The dividend is payable on September 18 to shareholders of record as of September 4, with the ex-dividend date also set for September 4. The forward yield is 1.42%.

GE Vernova has returned about 72.5% since the start of the calendar year, significantly outperforming the Oils-Energy sector's average gain of 21.4%. The company, which holds a Zacks Rank of 2, or Buy, saw its full-year consensus earnings estimate rise 6% over the past quarter. Another sector outperformer, Liberty Energy, returned 50.9% year-to-date and carries a Zacks Rank of 1, or Strong Buy, after its current-year EPS estimate surged 162.6% in three months. GE Vernova belongs to the Alternative Energy - Other industry, which gained 23.3% on average, while Liberty Energy is part of the Oil and Gas - Field Services industry, up 32.4%.