secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Energy Inc. (LBRT)
CIK:        0001694028
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001694028-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Energy posts record FY2022 earnings, revenue $4.1B, net income $400M, expands buyback to $500M
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- Full-year 2022 revenue $4.1B (+68% YoY), net income $400M vs loss of $187M in 2021, diluted EPS $2.11.
- Q4 2022 revenue $1.2B (+3% QoQ), net income $153M ($0.82 EPS), Adj EBITDA $295M (+7% QoQ).
- Board increased share repurchase authorization to $500M, with $375M remaining; repurchased 4.4% of shares at avg $15.29 in H2 2022.
- Declared Q1 2023 cash dividend of $0.05/share, payable March 20, 2023 to holders of record March 6.
- Amended ABL facility, increased commitments by $100M to $525M; retired $105M term loan due 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694028/000169402823000003/0001694028-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694028/000169402823000003/lbrt-20230125.htm
  HTML page:      https://secwatch.observer/filing/0001694028-23-000003

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