Liberty Energy (LBRT) risk factors

Item 1A of every Liberty Energy Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
45 risks6 new3 dropped8 reworded
Liberty Energy is expanding heavily into distributed power generation to serve data centers and oilfield electrification.
Filed Feb 02, 2026
FY2024 10-K risk factors
42 risks
Liberty Energy faces heavy risks from oil and gas price volatility and customer capital spending cuts. The company relies on a small group of large customers, representing 43 percent of 2024 revenue. Diversification into distributed power systems and energy storage introduces new regulatory and market risks. Stringent environmental, hydraulic fracturing, and silica regulations threaten operational costs and permit approvals.
Filed Feb 06, 2025