Liberty Energy Inc Class A

LBRT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$14.00	Kln	Gcwkyxjp

Stellar Q2 for Liberty Energy Driven by Tight Frac Equipment Market

Katherine Olexa

Jul 26, 2022

Liberty Energy had a very strong second quarter as exceptionally high demand for pressure pumping equipment drove significant revenue gains and margin expansion for the quarter. We’re slightly raising our fair value estimate to $16 from $15 following the results. Our no-moat rating, stable moat trend, and Morningstar Uncertainty Rating of Very High are unchanged.

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