10 Firms End Stronger, Buck Muted Broader Market Trading

8. Liberty Energy Inc. (NYSE:LBRT)

Liberty Energy extended its rally for a fifth straight day on Thursday, adding 5.69 percent to finish at $12.08 apiece as investors cheered the company’s beat of estimates for the first quarter of the year.

In its latest earnings results, LBRT reported revenues of $977 million, as compared with a forecast of $956.66 million. Revenues dropped by 8.9 percent from $1.07 billion.

Net income plunged by 75 percent to $20.11 million from $81.89 million year-on-year. Earnings per share ended at $0.04 as against the $0.0575 forecast by analysts.

“Our early-year results demonstrate a positive rebound from the fourth quarter of 2024, a trend that has continued into the second quarter,” said LBRT CEO Ron Gusek.

“In recent months, tariff announcements and a more aggressive OPEC+ production strategy have sent ripples across the energy sector. Today, we have excess demand for Liberty services as our customers align themselves with top-tier providers in a clear industry ‘flight to quality,’” he added.