7Baggers

Liberty Oilfield Services Inc
(NYSE:LBRT) 

LBRT stock logo

Liberty Oilfield Services Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. The company also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown ...

Founded: 2011
Full Time Employees: 2,571
Sector: Energy
Industry: Oil & Gas Equipment & Services
Energy
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
                                      
      revenue:
    		                                  
      revenue
    		1,021,184,000 1,038,737,000 947,397,000 1,042,521,000 971,614,000 903,047,000 1,111,953,000 1,118,263,000 1,050,558,000 1,021,593,000 1,136,378,000 1,142,757,000 1,232,320,000 1,166,476,000 1,122,453,000 941,370,000 770,481,000 668,286,000 646,714,000 581,288,000 550,852,000 257,586,000 147,495,000 88,362,000 472,344,000 397,972,000 507,948,000 537,322,000 528,831,000 460,325,000 552,525,000 628,084,000 491,098,000  
      yoy
    		5.10% 15.03% -14.80% -6.77% -7.51% -11.60% -2.15% -2.14% -14.75% -12.42% 1.24% 21.39% 59.94% 74.55% 73.56% 61.95% 39.87% 159.44% 338.47% 557.85% 16.62% -35.28% -70.96% -83.56% -10.68% -13.55% -8.07% -14.45% 7.68%      
      qoq
    		-1.69% 9.64% -9.12% 7.30% 7.59% -18.79% -0.56% 6.44% 2.84% -10.10% -0.56% -7.27% 5.64% 3.92% 19.24% 22.18% 15.29% 3.34% 11.26% 5.53% 113.85% 74.64% 66.92% -81.29% 18.69% -21.65% -5.47% 1.61% 14.88% -16.69% -12.03% 27.89%   
      revenue—related parties
    		    5,847,000 40,527,000 26,625,000 41,621,000 22,567,000 53,365,000 79,527,000 52,231,000 29,757,000 59,116,000 65,794,000 1,249,000 22,289,000 15,449,000 7,013,000  1,180,000      7,131,000 4,825,000 6,317,000 12,790,000 6,252,000  4,062,000  
      total revenue
    		1,021,184,000 1,038,737,000 947,397,000 1,042,521,000 977,461,000 943,574,000 1,138,578,000 1,159,884,000 1,073,125,000 1,074,958,000 1,215,905,000 1,194,988,000 1,262,077,000 1,225,592,000 1,188,247,000 942,619,000 792,770,000 683,735,000 653,727,000 581,288,000 552,032,000 257,586,000 147,495,000 88,362,000 472,344,000 397,972,000 515,079,000 542,147,000 535,148,000 473,115,000 558,777,000 628,084,000 495,160,000  
      operating costs and expenses:
    		                                  
      cost of services
    		843,817,000 585,871,000 769,761,000 812,107,000 761,616,000 741,754,000 840,274,000 835,798,000 782,680,000 777,251,000 850,247,000 833,456,000 888,416,000 890,846,000 874,453,000 713,718,000 670,019,000 635,352,000 593,683,000 521,956,000 498,935,000 236,510,000 139,237,000 89,518,000 392,716,000 344,430,000 421,007,000 426,444,000 429,299,000 377,590,000 418,867,000 455,469,000 376,827,000  
      general and administrative
    		59,543,000 65,033,000 58,284,000 58,344,000 65,775,000 56,174,000 58,614,000 57,700,000 52,986,000 55,296,000 55,040,000 58,034,000 53,036,000 49,087,000 50,473,000 42,162,000 38,318,000 35,363,000 32,281,000 29,403,000 26,359,000 18,614,000 18,807,000 18,064,000 28,613,000 26,210,000 25,302,000 23,989,000 22,088,000 25,404,000 24,659,000 27,313,000 21,677,000  
      transaction and other costs
    		 29,000   811,000                              
      depreciation, depletion, and amortization
    		114,059,000 120,243,000 122,981,000 129,366,000 127,742,000 132,164,000 126,395,000 123,305,000 123,186,000 118,421,000 108,997,000 99,695,000 94,401,000 88,213,000 82,848,000 77,379,000 74,588,000 71,635,000 65,852,000                
      loss on disposal of assets
    		-18,513,000 8,925,000 -1,210,000 5,631,000 3,345,000 1,526,250 6,017,000 1,248,000 -1,160,000   -3,660,000 487,000   -3,436,000 4,672,000   -277,000  109,000 -752,000 334,000 -102,000 1,359,000 -124,000 143,000 1,223,000 -5,608,000 701,000 485,000 80,000  
      total operating costs and expenses
    		998,906,000 1,018,855,000 949,816,000 1,005,448,000 959,289,000 918,650,000 1,031,300,000 1,018,051,000 957,692,000 951,204,000 1,010,678,000 988,510,000 1,036,957,000 1,027,128,000 1,005,264,000 832,015,000 788,931,000 747,170,000 693,293,000 617,292,000 594,251,000 311,954,000 202,897,000 161,904,000 466,058,000 416,299,000 488,509,000 490,944,000 490,997,000 431,569,000 476,532,000 513,873,000 426,600,000  
      operating income
    		22,278,000 19,882,000 -2,419,000 37,073,000 18,172,000 24,924,000 107,278,000 141,833,000 115,433,000 123,754,000 205,227,000 206,478,000 225,120,000 198,464,000 182,983,000 110,604,000 3,839,000 -63,435,000 -39,566,000 -36,004,000 -42,219,000 -54,368,000 -55,402,000 -73,542,000 6,286,000 -18,327,000 26,570,000 51,203,000 44,151,000 41,546,000 82,245,000 114,211,000 68,560,000  
      yoy
    		22.60% -20.23% -102.25% -73.86% -84.26% -79.86% -47.73% -31.31% -48.72% -37.64% 12.16% 86.68% 5764.03% -412.86% -562.48% -407.20% -109.09% 16.68% -28.58% -51.04% -771.64% 196.66% -308.51% -243.63% -85.76% -144.11% -67.69% -55.17% -35.60%      
      qoq
    		12.05% -921.91% -106.52% 104.01% -27.09% -76.77% -24.36% 22.87% -6.72% -39.70% -0.61% -8.28% 13.43% 8.46% 65.44% 2781.06% -106.05% 60.33% 9.89% -14.72% -22.35% -1.87% -24.67% -1269.93% -134.30% -168.98% -48.11% 15.97% 6.27% -49.49% -27.99% 66.59%   
      operating margin %
    		2.18% 1.91% -0.26% 3.56% 1.87% 2.76% 9.65% 12.68% 10.99% 12.11% 18.06% 18.07% 18.27% 17.01% 16.30% 11.75% 0.50% -9.49% -6.12% -6.19% -7.66% -21.11% -37.56% -83.23% 1.33% -4.61% 5.23% 9.53% 8.35% 9.03% 14.89% 18.18% 13.96%  
      other expense:
    		                                  
      gain on investments
    		-17,316,000   -68,242,000 -19,288,000          -2,525,000                    
      interest expense
    		7,731,000 9,699,000 10,902,000 10,162,000 9,543,000 8,499,000 8,589,000 8,063,000 7,541,000 7,097,000 7,307,000 6,825,000 8,264,000 6,756,000 6,773,000 4,862,000 4,324,000 4,075,000 4,008,000 3,767,000 3,755,000 3,648,000 3,634,000 3,725,000 4,058,000 5,980,000 3,726,000 3,597,000 4,182,000 -3,463,000 -3,648,000 -3,540,000 -6,494,000  
      total other income
    		-9,585,000                                  
      net income before income taxes
    		31,863,000 17,089,000 55,032,000 95,153,000 27,917,000 57,968,000 95,962,000 140,971,000 108,370,000 119,207,000 198,451,000 200,003,000 217,229,000 148,750,000 149,835,000 105,574,000     -45,973,000 -58,014,000 -58,997,000 -77,198,000 2,678,000 -21,503,000 22,844,000 47,606,000 39,969,000 38,083,000 78,597,000 110,671,000 62,066,000  
      income tax expense
    		9,305,000 3,399,000 11,977,000 24,137,000 7,806,000 6,075,000 22,158,000 32,550,000 26,478,000 26,824,000 49,843,000 47,332,000 54,483,000 -4,430,000 2,572,000 235,000 830,000 -186,000 753,000 16,006,000 -7,357,000 -9,783,000 -9,972,000 -11,363,000 261,000 -3,095,000 4,004,000 7,083,000 6,060,000 4,147,000 12,229,000 15,930,000 8,079,000  
      net income
    		22,558,000 13,690,000 43,055,000 71,016,000 20,111,000 51,893,000 73,804,000 108,421,000 81,892,000 92,383,000 148,608,000 152,671,000 162,746,000 153,180,000 147,263,000 105,339,000 -5,480,000 -56,537,000 -39,379,000 -52,472,000 -38,616,000 -48,231,000 -49,025,000 -65,835,000 2,417,000 -18,408,000 18,840,000 40,523,000 33,909,000 33,936,000 66,368,000 94,741,000 53,987,000  
      yoy
    		12.17% -73.62% -41.66% -34.50% -75.44% -43.83% -50.34% -28.98% -49.68% -39.69% 0.91% 44.93% -3069.82% -370.94% -473.96% -300.75% -85.81% 17.22% -19.68% -20.30% -1697.68% 162.01% -360.22% -262.46% -92.87% -154.24% -71.61% -57.23% -37.19%      
      qoq
    		64.78% -68.20% -39.37% 253.12% -61.25% -29.69% -31.93% 32.40% -11.36% -37.83% -2.66% -6.19% 6.24% 4.02% 39.80% -2022.24% -90.31% 43.57% -24.95% 35.88% -19.94% -1.62% -25.53% -2823.83% -113.13% -197.71% -53.51% 19.51% -0.08% -48.87% -29.95% 75.49%   
      net income margin %
    		2.21% 1.32% 4.54% 6.81% 2.07% 5.75% 6.64% 9.70% 7.80% 9.04% 13.08% 13.36% 13.21% 13.13% 13.12% 11.19% -0.71% -8.46% -6.09% -9.03% -7.01% -18.72% -33.24% -74.51% 0.51% -4.63% 3.71% 7.54% 6.41% 7.37% 12.01% 15.08% 10.99%  
      net income per common share:
    		                                  
      basic
    		140 207.5 270 440 120                              
      diluted
    		140 202.5 260 430 120                              
      weighted-average common shares outstanding:
    		                                  
      basic
    		162,046,000 161,932,000 161,959,000 161,865,000 161,938,000 165,026,000 164,741,000 166,210,000 166,325,000 171,845,000 169,781,000 173,131,000 176,569,000 184,334,000 185,508,000 186,719,000 183,999,000 174,019,000 178,311,000 172,523,000 163,207,000 85,242,000 84,937,000 83,292,000 81,651,000 72,334,000 74,173,000 68,404,000 67,427,000 68,838,000 68,548,000 69,020,000 68,923,719,000  
      diluted
    		166,255,000 165,365,000 165,066,000 164,243,000 165,784,000 169,398,000 168,595,000 169,669,000 171,441,000 176,360,000 173,984,000 176,225,000 181,088,000 189,349,000 189,907,000 190,441,000 183,999,000 174,019,000 178,311,000 172,523,000 163,207,000 85,242,000 84,937,000 83,292,000 114,952,000 105,256,000 113,064,000 114,338,000 114,171,000 117,838,000 118,470,000 118,638,000 118,182,439,000  
      loss on investments
    		 -38,970,750 -68,353,000                                
      interest income—related party
    		        -478,000 -733,000 -531,000 -350,000 -373,000         -2,000 -29,000 -45,000 -187,000          
      total other expense
    		 2,793,000 -57,451,000 -58,080,000 -9,745,000 -33,044,000 11,316,000 862,000 7,063,000 4,547,000 6,776,000 6,475,000 7,891,000 49,714,000 33,148,000 5,030,000 8,489,000 -6,712,000 -940,000 462,000               
      unrealized loss on investments
    		     -1,118,500 2,727,000                            
      less: net income attributable to non-controlling interests
    		            91,000 311,000 310,000 183,000     -4,411,000 -11,201,000 -14,523,000 -20,064,000 697,000          
      net income attributable to liberty energy inc. stockholders
    		     51,893,000 73,804,000 108,421,000 81,892,000 92,383,000 148,608,000 152,671,000 162,655,000 152,869,000 146,953,000 105,156,000                   
      net income attributable to liberty energy inc. stockholders per common share:
    		                                  
      basic
    		     320 450 650 490 560 880 880 920 840 790 560     -210 -420 -410 -550 20 -190 150 320 270 280 500 720 340  
      diluted
    		     320 440 640 480 530 850 870 900 810 780 550     -210 -420 -410 -550 20 -180 150 320 260 280 490 710 340  
      unrealized gain on investments
    		       -7,201,000                           
      transaction, severance, and other costs
    		         249,000 202,000 985,000 617,000 544,000 1,767,000 2,192,000                   
      gain on disposal of assets
    		         -1,745,250 -3,808,000   -760,250 -4,277,000   -269,000 -79,000  -720,000              
      loss on remeasurement of liability under tax receivable agreements
    		             42,958,000 28,900,000 168,000 4,165,000                  
      transaction, severance and other costs
    		                1,334,000 2,965,000 1,556,000 2,996,000 7,621,000              
      net loss before income taxes
    		                -4,650,000 -30,266,250 -38,626,000 -36,466,000               
      less: net loss attributable to non-controlling interests
    		                -104,000 -1,703,000 -489,000 -1,912,000               
      net loss attributable to liberty energy inc. stockholders
    		                -5,376,000                  
      net loss attributable to liberty energy inc. stockholders per common share:
    		                                  
      basic
    		                -30 -180 -220 -290               
      diluted
    		                -30 -180 -220 -290               
      gain on remeasurement of liability under tax receivable agreement
    		                 -10,787,000 -4,947,000 -3,305,000               
      interest income
    		                  -1,000  -1,000  -10,000 -24,000 -263,000          
      net loss attributable to liberty oilfield services inc. stockholders
    		                 -30,913,750 -38,890,000 -50,560,000               
      net loss attributable to liberty oilfield services inc. stockholders per common share:
    		                                  
      basic
    		                -30 -180 -220 -290               
      diluted
    		                -30 -180 -220 -290               
      depreciation and amortization
    		                   63,214,000  33,564,500 44,496,000 44,931,000 44,831,000 44,300,000 42,324,000 40,368,000 38,387,000 34,183,000 32,305,000 30,606,000 28,016,000  
      depreciation, depletion and amortization
    		                    62,056,000              
      total interest expense
    		                    3,754,000 3,646,000 3,595,000 3,656,000 3,608,000     -3,463,000 -3,648,000 -3,540,000   
      net income attributable to liberty oilfield services inc. stockholders
    		                    -34,205,000 -37,030,000 -34,502,000 -45,771,000 1,720,000 -12,148,000 10,998,000 22,032,000 18,121,000 18,985,000 34,093,000 49,595,000 23,675,000  
      net income attributable to liberty oilfield services inc. stockholders per common share:
    		                                  
      basic
    		     320 450 650 490 560 880 880 920 840 790 560     -210 -420 -410 -550 20 -190 150 320 270 280 500 720 340  
      diluted
    		     320 440 640 480 530 850 870 900 810 780 550     -210 -420 -410 -550 20 -180 150 320 260 280 490 710 340  
      severance and related costs
    		                     2,541,500 1,109,000 9,057,000           
      less: net income attributable to predecessor, prior to corporate reorganization
    		                                8,705,000  
      less: net income attributable to noncontrolling interests
    		                         10,530,250 7,842,000 18,491,000 15,788,000 14,951,000 32,275,000 45,146,000 21,607,000  
      interest expense related party
    		                                  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                       
        assets
      		                                 
        current assets:
      		                                 
        cash and cash equivalents
      		699,146,000 27,554,000 13,454,000 19,563,000 24,100,000 19,984,000 23,012,000 30,043,000 23,788,000 36,784,000 26,603,000 31,667,000 20,876,000 43,676,000 24,045,000 41,476,000 32,925,000 19,998,000 34,705,000 30,710,000 69,534,000 68,978,000 84,819,000 124,504,000 56,531,000 112,690,000 139,995,000 32,503,000 58,688,000 103,312,000 87,077,000 83,331,000 98,070,000 
        accounts receivable—trade, net of allowances for credit losses of 886 and 886, respectively
      		461,748,000                                 
        unbilled revenue
      		267,687,000 253,653,000 187,625,000 219,563,000 166,062,000 185,210,000 183,047,000 227,719,000 219,389,000 188,940,000 208,112,000 201,907,000 229,753,000 175,704,000 200,144,000 164,222,000 143,034,000 108,923,000 109,277,000 118,052,000 135,753,000 69,516,000 38,094,000 8,636,000 52,380,000 38,868,000 33,778,000 98,221,000 86,809,000 79,233,000 80,233,000 118,280,000 74,078,000 
        inventories
      		185,259,000 188,125,000 184,420,000 201,268,000 202,865,000 203,469,000 197,563,000 206,386,000 210,060,000 205,865,000 211,747,000 201,069,000 196,675,000 214,454,000 185,647,000 163,652,000 139,721,000 134,593,000 116,795,000 120,015,000 129,338,000 118,568,000 76,989,000 81,167,000 87,616,000 88,547,000 86,985,000 86,809,000 74,348,000 60,024,000 55,836,000 62,374,000 60,072,000 
        prepaid and other current assets
      		66,634,000 56,921,000 122,733,000 93,213,000 87,271,000 85,214,000 107,889,000 90,246,000 94,952,000 124,135,000 100,848,000  119,970,000 112,531,000 95,204,000 71,757,000 74,302,000 68,332,000 85,567,000 62,717,000 47,887,000 65,638,000 31,431,000 25,500,000 38,201,000 34,827,000 23,015,000 20,332,000 24,839,000 49,924,000 33,356,000 29,237,000 26,847,000 
        total current assets
      		1,680,474,000 877,970,000 894,408,000 921,377,000 858,510,000 848,523,000 922,520,000 1,002,312,000 978,008,000 954,254,000 1,067,624,000 1,073,915,000 1,070,192,000 956,673,000 996,061,000 840,924,000 761,561,000 630,377,000 671,565,000 668,691,000 583,223,000 567,133,000 337,644,000 299,690,000 517,973,000 488,974,000 496,339,000 486,025,000 479,112,000 461,221,000 502,061,000 518,792,000 478,516,000 
        property and equipment
      		2,136,628,000 2,054,185,000 1,925,871,000 1,929,426,000 1,926,060,000 1,890,998,000 1,834,214,000 1,750,977,000 1,694,232,000 1,645,368,000 1,613,437,000 1,546,187,000 1,430,979,000 1,362,364,000 1,295,189,000 1,267,393,000 1,218,959,000 1,199,287,000 1,069,890,000 1,076,899,000 1,105,938,000 1,120,950,000 582,865,000 613,136,000 642,871,000 651,703,000 638,686,000 647,614,000 640,768,000 627,053,000 583,942,000 561,014,000 549,297,000 
        finance lease right-of-use assets
      		329,511,000 342,469,000 328,179,000 305,723,000 297,181,000 283,113,000 276,416,000 240,750,000 195,955,000 182,319,000 135,114,000 53,461,000 41,375,000 41,771,000 31,812,000 24,095,000 17,223,000 18,201,000 20,492,000 29,112,000 36,155,000 38,733,000 31,292,000 32,921,000 52,683,000 55,337,000 57,991,000 59,422,000 55,315,000     
        operating lease right-of-use assets
      		59,446,000 64,983,000 70,179,000 70,550,000 73,320,000 73,322,000 81,341,000 85,453,000 88,485,000 92,640,000 98,361,000 96,407,000 92,930,000 97,232,000 103,165,000 109,517,000 109,754,000 109,899,000 131,279,000 125,280,000 69,996,000 75,878,000 77,758,000 74,669,000 52,983,000 53,076,000 57,251,000 61,143,000 65,123,000     
        other assets
      		150,394,000 147,858,000 135,928,000 127,931,000 131,382,000 119,402,000 123,636,000 124,378,000 140,939,000 158,976,000 153,349,000 133,292,000 103,906,000 105,300,000 98,669,000 92,924,000 82,767,000 82,289,000 72,866,000 75,145,000  81,888,000 29,188,000 30,704,000 32,042,000 34,339,000 33,848,000 33,570,000 28,538,000 28,227,000 15,030,000 11,751,000 11,113,000 
        investment in nomad proppant services llc
      		6,467,000 8,050,000 8,710,000 8,988,000 9,631,000 10,674,000                            
        investment in oklo inc.
      		26,581,000 38,465,000 115,651,000 58,007,000 38,307,000 51,611,000 16,605,000 17,385,000                          
        investment in tamboran resources corporation
      		53,981,000 24,325,000 24,459,000 19,046,000 21,431,000 18,751,000 18,152,000 20,100,000                          
        total assets
      		4,443,482,000 3,558,305,000 3,503,385,000 3,441,048,000 3,355,822,000 3,296,394,000 3,272,884,000 3,241,355,000 3,097,619,000 3,033,557,000 3,089,123,000 2,924,502,000 2,760,622,000 2,575,932,000 2,525,158,000 2,335,133,000 2,190,880,000 2,040,660,000 1,966,092,000 1,975,127,000 1,916,775,000 1,889,942,000 1,058,747,000 1,051,120,000 1,298,552,000 1,283,429,000 1,295,230,000 1,303,375,000 1,268,856,000 1,116,501,000 1,101,033,000 1,091,557,000 1,038,926,000 
        liabilities and equity
      		                                 
        current liabilities:
      		                                 
        accounts payable including amounts due to related parties of 187 and —, respectively
      		377,597,000                                 
        accrued liabilities
      		264,586,000 232,147,000 201,846,000 244,506,000 219,345,000 206,713,000 240,641,000 249,347,000 234,895,000 261,066,000 268,018,000 265,340,000 239,748,000 279,113,000 286,504,000 269,645,000 247,087,000 235,115,000 230,872,000 256,682,000 166,193,000             
        current portion of payable pursuant to tax receivable agreements
      		 7,888,000 7,725,000 7,725,000 7,725,000 40,776,000 37,444,000 37,444,000 37,444,000 5,170,000                        
        current portion of long-term debt
      		7,143,000 5,097,000                                
        current portion of finance lease liabilities
      		90,490,000 94,202,000 91,366,000 79,528,000 72,938,000 66,648,000 64,114,000 56,727,000 46,146,000 39,867,000 28,020,000 10,926,000 10,565,000 11,393,000 8,694,000 7,615,000 8,582,000 8,743,000 10,483,000 16,583,000 19,197,000 20,580,000 20,133,000 15,633,000 25,036,000 23,646,000 20,366,000 18,193,000 12,709,000     
        current portion of operating lease liabilities
      		20,017,000 22,396,000 26,164,000 29,577,000 30,343,000 28,570,000 28,938,000 28,325,000 27,882,000 27,528,000 27,629,000 27,615,000 26,601,000 27,294,000 29,187,000 30,841,000 31,252,000 31,029,000 38,321,000 34,628,000 22,990,000 23,481,000 21,488,000 20,727,000 16,935,000 15,873,000 16,613,000 16,508,000 14,403,000     
        total current liabilities
      		759,833,000 720,353,000 677,203,000 793,378,000 716,559,000 666,523,000 748,571,000 743,897,000 662,365,000 639,424,000 793,809,000 744,230,000 754,777,000 649,497,000 704,857,000 622,072,000 623,200,000 569,247,000 509,052,000 491,144,000 393,549,000 356,146,000 166,015,000 100,952,000 283,268,000 266,495,000 253,980,000 270,696,000 274,409,000 219,736,000 204,837,000 205,697,000 250,014,000 
        long-term debt
      		1,271,350,000 241,510,000 253,000,000 160,000,000 210,000,000 190,500,000 123,000,000 147,000,000 166,000,000 140,000,000 223,000,000 288,000,000 210,000,000 217,426,000 252,682,000 252,937,000 211,192,000 121,445,000 121,125,000 105,221,000 105,317,000 105,411,000 105,504,000 105,596,000 105,625,000 105,731,000 105,837,000 106,375,000 106,041,000 106,139,000 106,267,000 106,830,000 106,905,000 
        deferred tax liability
      		162,905,000 195,602,000 180,883,000 137,728,000 137,728,000 137,728,000 102,287,000 102,287,000 102,340,000 102,340,000 1,040,000 1,067,000 1,044,000 1,044,000 563,000 563,000 563,000 563,000 765,000 764,000   2,673,000 14,887,000 28,913,000 19,659,000 19,560,000 33,915,000 27,020,000 32,994,000 44,042,000 37,243,000 28,796,000 
        payable pursuant to tax receivable agreements
      		66,870,000 66,870,000 67,180,000 67,180,000 67,180,000 74,886,000 75,008,000 75,027,000 75,027,000 112,471,000 114,842,000 114,842,000 114,842,000 118,874,000 70,788,000 41,888,000 41,720,000    84,668,000      40,306,000 20,074,000 20,074,000 16,818,000    
        noncurrent portion of finance lease liabilities
      		195,385,000 213,296,000 211,975,000 206,561,000 207,682,000 203,511,000 203,247,000 179,885,000 147,578,000 133,654,000 98,112,000 33,765,000 23,440,000 22,490,000 15,862,000 10,491,000 3,388,000 4,445,000 4,630,000 6,330,000 9,752,000 11,318,000 6,501,000 12,898,000 21,025,000 24,884,000 31,820,000 35,843,000 38,022,000     
        noncurrent portion of operating lease liabilities
      		38,767,000 41,785,000 43,479,000 41,218,000 42,561,000 44,377,000 51,773,000 56,364,000 59,825,000 64,260,000 69,758,000 68,657,000 66,400,000 69,295,000 72,968,000 77,166,000 77,151,000 76,966,000 90,324,000 88,945,000 45,754,000 50,430,000 54,247,000 51,152,000 35,682,000 36,687,000 40,262,000 44,026,000 47,808,000     
        total liabilities
      		2,495,110,000 1,479,416,000 1,433,720,000 1,406,065,000 1,381,710,000 1,317,525,000 1,303,886,000 1,304,460,000 1,213,135,000 1,192,149,000 1,300,561,000 1,250,561,000 1,170,503,000 1,078,626,000 1,117,720,000 1,005,117,000 957,214,000 810,221,000 774,238,000 745,693,000 639,040,000 579,899,000 382,452,000 331,163,000 517,099,000 501,937,000 491,765,000 510,929,000 513,374,000 375,687,000 357,437,000 352,061,000 388,006,000 
        commitments & contingencies
      		                                 
        stockholders’ equity:
      		                                 
        preferred stock, 0.01 par value...
      		                                 
        common stock:
      		                                 
        class a, 0.01 par value...
      		1,621,000 1,620,000 1,620,000 1,620,000 1,608,000 1,619,000 1,634,000 1,653,000 1,652,000 1,666,000 1,686,000 1,704,000 1,739,000 1,788,000 1,822,000 1,869,000 1,858,000 1,834,000 1,783,000 1,783,000 1,692,000 1,579,000 859,000 848,000 819,000 819,000 759,000 690,000 687,000 684,000 671,000 700,000 700,000 
        class b, 0.01 par value...
      		             3,000 3,000 3,000 3,000 26,000 19,000 19,000 103,000 216,000 271,000 281,000 307,000 307,000 367,000 436,000 436,000 452,000 482,000 482,000 482,000 
        additional paid in capital
      		842,359,000 978,384,000 970,123,000 962,840,000 965,665,000 977,484,000 996,336,000 1,027,939,000 1,070,383,000 1,093,498,000 1,123,967,000 1,146,130,000 1,208,183,000 1,266,097,000 1,320,731,000 1,384,134,000 1,389,987,000 1,367,642,000 1,278,073,000 1,274,031,000 1,212,354,000 1,125,554,000 446,155,000 435,885,000 413,664,000 410,596,000 368,502,000 318,099,000 314,967,000 312,659,000 311,772,000 349,488,000 347,965,000 
        retained earnings
      		1,120,082,000 1,112,747,000 1,113,968,000 1,084,192,000 1,026,519,000 1,019,517,000 980,914,000 918,836,000 822,256,000 752,328,000 671,924,000 531,974,000 388,064,000 234,525,000 90,779,000       23,288,000 60,317,000 94,817,000 140,581,000 143,105,000 159,448,000 152,322,000 133,877,000 119,274,000 103,820,000 73,270,000 23,675,000 
        accumulated other comprehensive loss
      		-15,690,000 -13,862,000 -16,046,000 -13,669,000 -19,680,000 -19,751,000 -9,886,000 -11,533,000 -9,807,000 -6,084,000 -9,015,000 -5,867,000 -7,867,000 -7,396,000 -8,595,000 -2,263,000                  
        total stockholders’ equity
      		1,948,372,000 2,078,889,000 2,069,665,000 2,034,983,000 1,974,112,000 1,978,869,000 1,968,998,000 1,936,895,000 1,884,484,000 1,841,408,000 1,788,562,000 1,673,941,000 1,590,119,000 1,495,017,000 1,404,740,000 1,327,569,000 1,231,261,000 1,213,242,000 1,179,701,000 1,216,812,000 1,204,552,000 1,150,637,000 507,602,000 531,831,000 555,371,000 554,827,000 529,076,000 471,547,000 449,967,000 433,069,000 416,745,000 423,940,000  
        total liabilities and equity
      		4,443,482,000 3,558,305,000 3,503,385,000 3,441,048,000 3,355,822,000 3,296,394,000 3,272,884,000 3,241,355,000 3,097,619,000 3,033,557,000 3,089,123,000 2,924,502,000 2,760,622,000 2,575,932,000 2,525,158,000 2,335,133,000 2,190,880,000 2,040,660,000 1,966,092,000 1,975,127,000 1,916,775,000 1,889,942,000 1,058,747,000 1,051,120,000 1,298,552,000 1,283,429,000 1,295,230,000 1,303,375,000 1,268,856,000 1,116,501,000 1,101,033,000 1,091,557,000 1,038,926,000 
        accounts receivable—trade, net of allowances for credit losses of 886 and 848, respectively
      		 351,717,000                                
        accounts receivable—related party
      		     4,234,000    17,345,000 21,023,000 7,162,000 14,310,000  10,307,000  11,183,000            10,776,000 15,139,000 4,213,000 4,106,000 7,982,000 
        accounts payable
      		 358,623,000 350,102,000 404,457,000 369,112,000 314,123,000 347,074,000 348,273,000 315,998,000 293,733,000 358,595,000 368,723,000 412,498,000 326,818,000 378,480,000 311,404,000 333,599,000 288,801,000 228,997,000 182,876,000 184,799,000 193,338,000 70,009,000 27,381,000 108,136,000 117,613,000 91,019,000 108,102,000 122,673,000 80,490,000 95,624,000 93,288,000 139,084,000 
        income taxes payable
      		   27,585,000 17,096,000 9,693,000 30,360,000 23,781,000  12,060,000 94,773,000 52,291,000 61,946,000                     
        accounts receivable—trade, net of allowances for credit losses of 994 and 848, respectively
      		  386,176,000 387,770,000                              
        accounts receivable—trade, net of allowances for credit losses of 838 and 848, respectively
      		    378,212,000                             
        accounts receivable—trade, net of allowances for credit losses of 848 and 939, respectively
      		     350,412,000                            
        accounts receivable—trade, net of allowances for credit losses of 939 and 939, respectively
      		      411,009,000 447,918,000                          
        accounts receivable
      		        429,819,000 381,185,000                        
        deferred tax asset
      		            21,240,000 12,592,000    607,000    5,360,000            
        current portion of long-term debt, net of discount of 0 and 730, respectively
      		                                 
        non-controlling interest
      		             2,289,000 2,698,000 2,447,000 2,405,000 17,197,000 12,153,000 12,622,000 73,183,000 159,406,000 168,693,000 188,126,000 226,082,000 226,665,000        
        total equity
      		         1,841,408,000 1,788,562,000 1,673,941,000 1,590,119,000 1,497,306,000 1,407,438,000 1,330,016,000 1,233,666,000 1,230,439,000 1,191,854,000 1,229,434,000 1,277,735,000 1,310,043,000 676,295,000 719,957,000 781,453,000 781,492,000 803,465,000 792,446,000 755,482,000 740,814,000 743,596,000 739,496,000 650,920,000 
        accounts receivable—trade, net of allowances for credit losses of 962 and 884, respectively
      		          499,291,000                       
        deferred tax assets
      		          21,238,000 21,240,000   262,000 280,000 616,000    43,514,000             
        deferred revenue
      		          16,774,000 19,335,000 3,419,000 3,859,000 976,000 1,554,000 1,670,000 4,552,000             750,000 3,844,000 6,784,000 
        accounts receivable—trade, net of allowances for credit losses of 884 and 884, respectively
      		           510,125,000 488,608,000 410,308,000 480,714,000 399,817,000                  
        prepaid and other current assets (including amounts from related parties of 6,426 and 0, respectively
      		           121,985,000                      
        current portion of long-term debt, net of discount of 730 and 743, respectively
      		             1,020,000                    
        current portion of long-term debt, net of discount of 734 and 743, respectively
      		              1,016,000                   
        current portion of long-term debt, net of discount of 737 and 743, respectively
      		               1,013,000                  
        accumulated deficit
      		               -56,174,000 -161,330,000                 
        accounts receivable—trade, net of provision for credit losses of 884 and 884, respectively
      		                360,396,000                 
        current portion of long-term debt, net of discount of 740 and 743, respectively
      		                1,010,000                 
        accumulated other comprehensive income
      		                743,000  191,000 2,454,000 1,318,000             
        accounts receivable—trade, net of allowances for credit losses of 884 and 773, respectively
      		                 298,531,000 325,221,000               
        current portion of long-term debt, net of discount of 743 and 1,386, respectively
      		                 1,007,000                
        payable pursuant to tax receivable agreements, including payables to related parties of 0 and 27,173, respectively
      		                 37,555,000 48,342,000 53,289,000              
        (accumulated deficit) retained earnings
      		                 -155,954,000 -100,365,000 -61,475,000 -10,915,000             
        accumulated other comprehensive
      		                 -306,000                
        current portion of long-term debt, net of discount of 1,371 and 1,386, respectively
      		                  379,000               
        accounts receivable—trade, net of allowances for credit losses of 1,518 and 773, respectively
      		                   337,197,000              
        current portion of long-term debt, net of discount of 1,375 and 1,386, respectively
      		                   375,000              
        accounts receivable—trade, net of provision for credit losses of 773 and 773, respectively
      		                    200,711,000             
        other tax asset
      		                    77,949,000             
        current portion of long-term debt, net of discount of 1,380 and 1,386, respectively
      		                    370,000             
        accounts receivable—trade, net of provisions for credit losses of 773 and 1,053, respectively
      		                     244,433,000            
        accounts and notes receivable
      		                      375,000 1,314,000 1,390,000 9,629,000 9,351,000       
        accrued liabilities:
      		                                 
        accrued vendor invoices
      		                     61,210,000 15,444,000 10,854,000 67,570,000 42,753,000 54,053,000 75,120,000 68,125,000 67,771,000 49,712,000 64,575,000 60,162,000 
        operational accruals
      		                     28,932,000 20,755,000 9,496,000 20,437,000 26,753,000 29,596,000 19,823,000 21,195,000 36,414,000 21,538,000 13,276,000 12,666,000 
        accrued benefits and other
      		                     28,241,000            
        current portion of long-term debt, net of discount of 1,386 and 1,341, respectively
      		                     364,000            
        payable pursuant to tax receivable agreements, including payables to related parties of 27,173 and 23,797, respectively
      		                     56,594,000            
        accounts receivable—trade, net of allowances for credit losses of 2,930 and 1,053, respectively
      		                      105,936,000 58,569,000          
        accrued salaries and benefits
      		                      13,624,000 8,021,000 32,102,000 28,805,000 31,491,000 22,963,000 26,928,000 22,791,000 27,487,000 22,326,000 22,461,000 
        accrued interest and other
      		                      4,204,000 8,487,000 12,638,000 10,643,000  9,590,000 7,984,000 9,585,000 8,909,000 8,013,000 8,487,000 
        current portion of long-term debt, net of discount of 1,392 and 1,341, respectively
      		                      358,000           
        payable pursuant to tax receivable agreements, including payables to related parties of 20,579 and 23,797, respectively
      		                      47,512,000 45,678,000          
        current portion of long-term debt, net of discount of 1,397 and 1,341, respectively
      		                       353,000          
        accounts receivable—trade, net of allowances for credit losses of 3,576 and 1,053, respectively
      		                        281,855,000         
        current portion of long-term debt, net of discount of 1,336 and 1,341, respectively
      		                        414,000         
        payable pursuant to tax receivable agreements, including payables to related parties of 20,601 and 23,797, respectively
      		                        42,586,000         
        accounts receivable—trade, net allowances for bad debt of 1,053 and 0, respectively
      		                         204,413,000        
        accrued liabilities—related party
      		                             2,300,000    
        current portion of long-term debt, net of discount of 1,341 and 1,365, respectively
      		                         409,000        
        payable pursuant to tax receivable agreements, including payables to related parties of 23,797 and 2,857, respectively
      		                         48,481,000        
        accounts receivable—trade
      		                          203,215,000 248,160,000 223,652,000 153,589,000 241,346,000 221,464,000 211,467,000 
        note receivable—related party, less current portion
      		                          11,115,000       
        other accrued liabilities
      		                          10,441,000       
        current portion of long-term debt, net of discount of 1,348 and 1,365, respectively
      		                          401,000       
        noncontrolling interest
      		                          274,389,000 320,899,000 305,515,000 307,745,000 326,851,000 315,556,000 278,098,000 
        note receivable—related party
      		                           15,601,000      
        current portion of long-term debt, net of discount of 1,353 and 1,365, respectively
      		                           397,000      
        current portion of long-term debt, net of discount of 1,357 and 1,365, respectively
      		                            392,000     
        unbilled revenue—related party
      		                                 
        current portion of long-term debt, net of discount of 1,365 and 1,739, respectively
      		                             385,000    
        redeemable common units
      		                                 
        members’ equity:
      		                                 
        members’ equity
      		                                 
        current portion of long-term debt, net of discount of 1,370 and 1,739, respectively
      		                              817,000   
        payable pursuant to tax receivable agreement
      		                              2,291,000 2,291,000 2,291,000 
        current portion of long-term debt, net of discount of 1,375 and 1,739, respectively
      		                               375,000  
        current portion of long-term debt, net of discount of 1,380 and 1,739, respectively
      		                                370,000 
        member equity:
      		                                 
        member equity
      		                                 
        stockholders' equity:
      		                                 
        total stockholders' equity
      		                                372,822,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                         
          cash flows from operating activities:
        		                                 
          net income
        		22,558,000 13,690,000 43,055,000 71,016,000 20,111,000 51,893,000 73,804,000 108,421,000 81,892,000 92,383,000 148,608,000 152,671,000 162,746,000 153,180,000 147,263,000      -38,616,000 -48,231,000 -49,025,000 -65,835,000 2,417,000 -18,408,000 18,840,000 40,523,000 33,909,000 33,936,000 66,369,000 94,741,000 53,987,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                                 
          depreciation, depletion, and amortization
        		114,059,000 120,243,000 122,981,000 129,366,000 127,742,000 132,164,000 126,395,000 123,305,000 123,186,000 118,421,000 108,997,000 99,695,000 94,401,000 88,213,000 82,848,000 77,379,000 74,588,000                 
          loss on disposal of assets
        		-18,513,000 8,925,000 -1,210,000 5,631,000 3,345,000  6,017,000 1,248,000 -1,160,000   -3,660,000 487,000   -3,436,000 4,672,000     109,000 -752,000 334,000 -102,000 1,359,000 -124,000 143,000 1,223,000 -5,608,000 701,000 485,000 80,000 
          stock-based compensation expense
        		8,026,000 8,440,000 7,301,000 8,101,000 18,080,000 10,094,000 8,121,000 6,870,000 7,327,000 9,288,000 8,595,000 7,965,000 7,178,000 5,982,000                    
          deferred income tax expense
        		9,305,000 12,677,000            -12,788,000 -4,000   -1,045,000 0   -4,222,000 -10,056,000           
          gain on investments
        		-17,316,000 -6,759,000 -68,353,000 -68,242,000 -19,288,000                             
          cash return on equity method investment
        		1,566,000 1,597,000 1,372,000 1,195,000 1,039,000 814,000 1,148,000                           
          other non-cash items
        		1,698,000 1,350,000 221,000 2,209,000 1,660,000 380,000 -352,000 -369,000 519,000                         
          changes in operating assets and liabilities:
        		                                 
          accounts receivable and unbilled revenue
        		-124,914,000 -30,623,000 30,180,000 -60,978,000 -8,417,000 52,138,000 63,078,000 -3,449,000 -93,580,000 140,166,000 -14,705,000 30,665,000 -136,514,000 83,866,000 -94,422,000 -60,843,000 -95,206,000 31,140,000 20,157,000 -120,462,000 -20,977,000 -41,516,000 -76,825,000 264,875,000 -93,477,000 -7,341,000    89,908,000    
          accounts receivable and unbilled revenue—related party
        		 0 0 0 4,234,000 -196,000 16,692,000 -20,677,000 45,456,000 -13,582,000 10,800,000 -5,615,000 -11,458,000 10,773,000 -35,177,000 10,065,000 -11,183,000    -100,000 375,000 940,000 75,000 8,239,000 10,836,000    -10,926,000    
          inventories
        		2,799,000 -4,860,000 15,849,000 1,715,000 -682,000 -6,210,000 8,848,000 2,032,000 -4,604,000 -575,000 -10,945,000 -6,384,000 17,790,000 -28,517,000 -27,263,000 -24,179,000 -5,030,000 -17,734,000 3,708,000 -89,000 -10,497,000 -8,651,000 4,178,000 6,353,000 257,000 -2,865,000 -826,000 -12,461,000 -14,324,000 -909,000 6,538,000 -5,691,000 -4,548,000 
          prepaid and other assets
        		-9,659,000 21,746,000 -36,676,000 -10,709,000 -15,969,000 12,502,000 -31,886,000 -25,162,000 16,350,000                         
          accounts payable and accrued liabilities
        		18,853,000 50,383,000 -105,377,000 91,907,000 61,215,000 -57,639,000 -29,722,000 61,625,000 -15,583,000 -142,837,000 48,526,000 -33,701,000 82,879,000 -86,190,000 85,447,000 10,957,000 47,582,000 24,603,000 3,135,000 110,680,000 22,166,000 67,533,000 59,828,000 -165,432,000 22,789,000 -9,354,000 -21,603,000 8,660,000 44,683,000 -20,340,000 -11,233,000 -1,748,000 6,523,000 
          accounts payable and accrued liabilities—related party
        		187,000 -248,000 248,000 -3,000 -579,000         2,832,000 -2,741,000 -98,000 -1,857,000         0 0 0 -1,000,000     
          initial payment of operating lease liability
        		-249,000 -979,000 -242,000 -619,000 -373,000 -89,000 -375,000 -457,000 -407,000 -243,000 -1,933,000 -880,000 -249,000 -404,000 -545,000 -1,263,000 -501,000                 
          net cash from operating activities
        		8,400,000 195,435,000 51,456,000 170,589,000 192,118,000 177,292,000 244,495,000 248,191,000 159,396,000 294,742,000 275,453,000 240,449,000 203,939,000 237,754,000 156,981,000 121,077,000 14,552,000 55,325,000 44,576,000 8,038,000 27,528,000 15,419,000 -26,625,000 96,400,000 231,000 16,025,000 147,362,000 48,219,000 49,494,000 127,631,000 114,426,000 78,499,000 30,702,000 
          cash flows from investing activities:
        		                                 
          purchases of property and equipment and construction in-progress
        		-156,998,000  -118,665,000 -137,511,000 -133,930,000 -203,492,000 -166,591,000 -135,965,000 -144,986,000 -138,086,000 -172,931,000 -159,143,000 -133,138,000 -124,945,000 -102,223,000 -133,748,000 -90,989,000 -75,786,000 -55,147,000 -42,500,000 -25,361,000  -12,312,000 -25,065,000 -45,395,000  -27,827,000 -64,075,000 -66,333,000     
          investment in equity securities
        		-3,917,000                                 
          acquisition of img energy solutions, net of cash received
        		  0 0 -15,208,000                             
          sales of equity securities
        		                                 
          proceeds from sale of assets
        		23,572,000  5,631,000 3,465,000 13,052,000  3,756,000 1,884,000 2,993,000  11,552,000 7,397,000 3,484,000  7,176,000 6,703,000 927,000  1,723,000 392,000 1,574,000  1,038,000 146,000 317,000  197,000 195,000 149,000     
          net cash from investing activities
        		-137,343,000 -132,710,000 -113,034,000 -83,118,000 -106,175,000 -188,148,000 -162,835,000 -150,137,000 -141,993,000 -143,893,000 -172,139,000 -226,642,000 -129,654,000 -116,781,000 -101,051,000 -141,967,000 -90,857,000 -67,175,000 -53,424,000 -42,108,000 -23,787,000 -18,998,000 -11,274,000 -24,919,000 -45,078,000 -36,653,000 -27,630,000 -63,880,000 -66,184,000 -71,551,000 -46,098,000 -83,109,000 -54,734,000 
          cash flows from financing activities:
        		                                 
          proceeds from issuance of convertible senior notes
        		1,295,000,000                                 
          purchase of capped calls related to convertible senior notes
        		-186,515,000                                 
          proceeds from borrowings on line-of-credit
        		106,000,000 300,000,000 655,000,000 202,000,000 493,000,000 567,000,000 584,000,000 514,000,000 573,000,000 280,000,000 348,000,000 283,000,000 242,000,000 170,000,000 143,000,000   174,000,000 50,000,000               
          repayments of borrowings on line-of-credit
        		-336,000,000 -323,000,000 -562,000,000 -252,000,000 -473,500,000 -499,500,000 -608,000,000   -363,000,000 -413,000,000   -205,000,000 -143,000,000   -172,000,000 -34,000,000           0 0 0 -30,000,000 
          borrowings on long-term debt
        		4,750,000                                 
          repayments of long-term debt
        		-926,000                                 
          payments of debt issuance costs
        		-36,789,000 -1,028,000        0 0 0 -1,566,000 -30,000 -454,000 0 -224,000             -33,000 0   
          payments on finance lease obligations
        		-22,385,000 -26,832,000 -19,889,000 -16,520,000 -17,645,000 -15,856,000 -14,005,000 -11,187,000 -9,254,000 -6,909,000 -5,413,000 -2,905,000 -2,165,000 -2,156,000 -2,095,000 -1,478,000 -1,218,000 -1,219,000 -2,080,000 -1,738,000 -2,326,000 -4,801,000 -1,897,000    -3,710,000 -3,512,000 -3,282,000     
          class a common stock dividends and dividend equivalents upon restricted stock vesting
        		-14,618,000 -14,578,000 -12,956,000 -13,753,000 -13,191,000 -13,002,000 -11,441,000 -12,225,000 -11,642,000 -11,673,000 -8,441,000 -8,793,000 -8,777,000 -9,016,000 0                   
          payments of payables pursuant to tax receivable agreements
        		-7,888,000  0    -19,000 0 -5,170,000                         
          share repurchases
        		  0 -924,000 -23,958,000  -39,351,000 -29,576,000 -30,167,000 -39,079,000 -29,279,000 -60,094,000 -74,648,000 -55,219,000            0        
          tax withholding on restricted stock units
        		 -199,000 0 -11,037,000 -5,798,000 -387,000 0   -314,000 0       0                
          net cash from financing activities
        		800,629,000 -48,957,000 55,495,000 -92,234,000 -81,849,000 8,099,000 -88,816,000 -91,755,000 -30,233,000 -140,975,000 -108,133,000 -3,112,000 -97,095,000 -101,412,000 -73,116,000 29,800,000 88,958,000 -3,093,000 13,324,000 -4,909,000 -3,266,000 -12,262,000 -1,786,000 -3,508,000 -11,312,000 -6,677,000 -12,240,000 -10,524,000 -27,934,000 -39,845,000 -64,582,000 -10,129,000 105,781,000 
          net increase in cash and cash equivalents before translation effect
        		671,686,000    4,094,000      -4,819,000 10,695,000 -22,810,000  -17,186,000 8,910,000 12,653,000   -38,979,000 475,000             
          translation effect on cash
        		-94,000 332,000 -26,000 226,000 22,000 -271,000 125,000 -44,000 -166,000 307,000 -245,000 96,000 10,000 70,000 -245,000 -359,000 274,000 236,000 -481,000 155,000 81,000             
          cash and cash equivalents—beginning of period
        		27,554,000 0 0 0 19,984,000 0 0 0 36,784,000 0 0 0 43,676,000 0 0 0 19,998,000 0 0 0 68,978,000 0 0 0 112,690,000 0 0 0 103,312,000 0 0 0 16,321,000 
          cash and cash equivalents—end of period
        		699,146,000 14,100,000 -6,109,000 -4,537,000 24,100,000 -3,028,000 -7,031,000 6,255,000 23,788,000 10,181,000 -5,064,000 10,791,000 20,876,000 19,631,000 -17,431,000 8,551,000 32,925,000 -14,707,000 3,995,000 -38,824,000 69,534,000 -15,841,000 -39,685,000 67,973,000 56,531,000 -27,305,000 107,492,000 -26,185,000 58,688,000 16,235,000 3,746,000 -14,739,000 98,070,000 
          loss on remeasurement of liability under tax receivable agreements
        		             42,958,000 28,900,000 168,000 4,165,000                 
          purchases of property and equipment, construction in-progress, and deposits on equipment
        		                                 
          acquisition of img energy solutions (2025) and siren energy (2023), net of cash received
        		                                 
          sale of equity securities
        		   50,928,000 29,911,000                             
          proceeds from sales of assets
        		                                 
          proceeds from borrowings on term loan
        		                                 
          repayments of borrowings on term loan
        		         0 0 0 -104,716,000 -437,000 -438,000 -437,000 -438,000 -437,000 -438,000 -437,000 -438,000 -437,000 -438,000 -437,000 -438,000 -437,000 -875,000 0 -438,000 -875,000 -437,000 -438,000 -61,097,000 
          share repurchases, including related excise tax
        		                                 
          payments under tra liability
        		                                 
          payment of equity issuance costs
        		                                 
          net increase in cash and cash equivalents
        		                     -15,841,000 -39,685,000   -27,305,000 107,492,000 -26,185,000 -44,624,000 16,235,000 3,746,000 -14,739,000 81,749,000 
          net decrease in cash and cash equivalents before translation effect
        		  -6,083,000    -7,156,000 6,299,000 -12,830,000                         
          payments pursuant to tax receivable agreements
        		    -40,757,000                             
          gain on disposal of assets
        		                    -720,000             
          unrealized gain on investments
        		     -44,753,000 2,727,000                           
          investment in sand logistics
        		             -694,000 -1,004,000 -4,922,000 -795,000                 
          acquisition of siren energy, net of cash received
        		         0 -760,000                       
          per unit distributions to non-controlling interest unitholders
        		                     0 0 0 -1,532,000         
          other distributions and advance payments to non-controlling interest unitholders
        		             -4,000 0 0 924,000 0 0 824,000 548,000 -4,566,000 549,000 -1,000 -2,782,000         
          investment in tamboran resources corporation, empire energy group ltd., falcon oil & gas ltd.
        		                                 
          payments of equity issuance costs
        		          0 0 -223,000    -62,000                 
          investment in tamboran resources corporation, empire energy group ltd., and falcon oil & gas ltd.
        		                                 
          repayments on borrowings on line-of-credit
        		        -547,000,000    -147,000,000    -95,000,000                 
          other assets
        		         -22,847,000 -16,044,000 -12,374,000 -14,917,000 -25,131,000 -29,470,000 1,039,000 -2,599,000 -25,954,000 -9,758,000 -12,618,000 17,375,000 -2,490,000 -5,140,000 13,960,000 7,450,000 -20,943,000 -3,672,000 -2,326,000 20,477,000     
          prepaid and other current assets—related party
        		                                 
          investment in tamboran resources ltd. and oklo inc.
        		                                 
          inventory write-down
        		          0   0         0 96,000 674,000      0   
          non-cash lease expense
        		          561,000 726,000 861,000 648,000 997,000 1,054,000 1,034,000 989,000 1,425,000 428,000 981,000 987,000 682,000 1,481,000 518,000 131,000 233,000 2,409,000 419,000     
          other non-cash income
        		                                 
          deferred revenue
        		          -2,553,000 10,716,000 -441,000 2,883,000 -578,000 -116,000 -2,782,000                 
          investments in oklo inc.
        		                                 
          other non-cash expense
        		             1,011,000 -1,833,000                   
          investment in fervo energy company
        		                                 
          amortization of debt issuance costs
        		            1,176,000    336,000 333,000 567,000 568,000 569,000 564,000 562,000 558,000 548,000 549,000 551,000 549,000 556,000 589,000 574,000 558,000 2,310,000 
          provision for credit losses
        		                 0 0    0 2,155,000 2,523,000         
          investment in fervo energy company and natron energy, inc.
        		             0                    
          tax withholding on restricted stock unit vesting
        		              -1,000 -9,676,000 -24,000     -585,000 0   0        
          stock based compensation expense
        		               4,201,000 6,813,000 4,855,000 4,245,000 5,899,000 4,947,000 4,245,000 4,487,000       2,328,000 1,926,000   
          payments of equity offering costs
        		                    -848,000             
          net loss
        		                -5,480,000  -39,379,000               
          adjustments to reconcile net loss to net cash from operating activities:
        		                                 
          deferred income tax benefit
        		                                 
          proceeds from borrowing on line-of-credit
        		                185,000,000                 
          loss on tax receivable agreements
        		                 -10,787,000 -4,947,000   374,000 0           
          payment of operating lease liability
        		                 -62,000 -350,000   0 0 -372,000 -523,000 -272,000 -40,000 -66,000 -5,091,000     
          class a common stock dividends and dividend equivalents upon rsu vesting
        		                                 
          supplemental disclosure of cash flow information:
        		                                 
          net cash paid for income taxes
        		                                 
          cash paid for interest
        		                 3,582,000 4,360,000 2,684,000 2,642,000 2,807,000 2,762,000 2,722,000 2,927,000  4,065,000 2,308,000 3,267,000 3,197,000 3,205,000 3,114,000 4,441,000 
          non-cash investing and financing activities:
        		                                 
          capital expenditures included in accounts payable and accrued liabilities
        		                 31,991,000 3,120,000 -5,130,000 27,494,000 3,096,000 -31,000 -11,781,000 19,636,000  2,517,000 -20,125,000 30,478,000 29,598,000 9,836,000 -40,300,000 46,569,000 
          equity issued in exchange for assets and liabilities
        		                                 
          depreciation, depletion and amortization
        		                  65,852,000               
          restricted stock unit vesting
        		                  3,418,000 -3,384,000 -202,000             
          cash paid for income taxes
        		                          0   7,434,000 4,803,000 9,092,000 5,934,000 
          payment of equity offering costs
        		                         -17,000        
          depreciation and amortization
        		                    62,045,000 45,826,000 44,496,000 44,931,000 44,831,000 44,300,000 42,324,000 40,368,000 38,387,000 34,183,000 32,305,000 30,606,000 28,016,000 
          deferred income taxes
        		                    -9,645,000      2,299,000       
          gain on tax receivable agreements
        		                        -37,000         
          class a common stock dividends
        		                     -169,000 0 -172,000 -4,090,000 -4,150,000        
          inventory write down
        		                                 
          bad debt provision
        		                                 
          capital expenditures
        		-156,998,000 0 -118,665,000 -137,511,000 -133,930,000 -203,492,000 -166,591,000 -135,965,000 -144,986,000 -138,086,000 -172,931,000 -159,143,000 -133,138,000 -124,945,000 -102,223,000 -133,748,000 -90,989,000 -75,786,000 -55,147,000 -42,500,000 -25,361,000 0 -12,312,000 -25,065,000 -45,395,000 0 -27,827,000 -64,075,000 -66,333,000 -71,756,000 -46,218,000 -85,876,000 -54,985,000 
          free cash flows
        		-148,598,000 195,435,000 -67,209,000 33,078,000 58,188,000 -26,200,000 77,904,000 112,226,000 14,410,000 156,656,000 102,522,000 81,306,000 70,801,000 112,809,000 54,758,000 -12,671,000 -76,437,000 -20,461,000 -10,571,000 -34,462,000 2,167,000 15,419,000 -38,937,000 71,335,000 -45,164,000 16,025,000 119,535,000 -15,856,000 -16,839,000 55,875,000 68,208,000 -7,377,000 -24,283,000 
          proceeds from disposal of assets
        		                             205,000 120,000 2,767,000 251,000 
          proceeds from issuance of class a common stock, net of underwriter discount
        		                                 
          redemption of llc units from legacy owners
        		                             0 0 0 -25,897,000 
          proceeds from liberty oilfield services holdings llc
        		                             0 0 0 2,115,000 
          interest expense on finance lease liability
        		                          665,000 699,000 651,000     
          share based compensation expense
        		                        4,124,000  3,542,000 3,571,000 2,880,000     
          payments on finance lease and capital lease obligations
        		                        -2,470,000         
          net decrease in cash and cash equivalents
        		                        -56,159,000         
          proceeds from related party bridge loans
        		                                 
          proceeds from issuance of redeemable common units
        		                                 
          payments for redemption of redeemable common units
        		                                 
          proceeds from issuance of common stock, net of underwriter discount
        		                              0 0 230,174,000 
          redemption of liberty llc units from legacy owners
        		                                 
          per unit distributions to noncontrolling interest unitholders
        		                                 
          other distributions and advance payments to noncontrolling interest unitholders
        		                                 
          accounts receivable
        		                           -24,508,000 -70,063,000   -9,997,000 -15,506,000 
          accounts receivable—related party
        		                           -4,825,000 4,363,000   3,876,000 -3,998,000 
          unbilled revenue
        		                           -11,412,000 -7,576,000   -44,202,000 -15,294,000 
          unbilled revenue—related party
        		                               0 59,000 
          class a common stock dividend
        		                           -3,470,000 -3,415,000     
          restricted stock vesting
        		                                 
          distribution to noncontrolling interest unitholders
        		                           -2,178,000 -2,179,000     
          share buyback
        		                           0 -18,398,000     
          payment of deferred equity offering costs
        		                             -309,000 -45,000 -493,000 -5,389,000 
          advance payments on tras
        		                                 
          contribution of assets from los holdings
        		                                 
          distributions to noncontrolling interest holders
        		                            -222,000     
          equity offering costs
        		                                 
          deferred tax expense
        		                             5,242,000 6,799,000   
          prepaids and other current assets
        		                                 
          proceeds from borrowings on term loan, net of discount
        		                                 
          distributions and dividends paid to noncontrolling interest unitholders and class a common stock shareholders
        		                                 
          share repurchase
        		                             -28,981,000    
          payments on capital lease obligations
        		                                 
          member contributions
        		                                 
          distributions paid to noncontrolling interest unitholders
        		                             -3,930,000 -4,317,000   
          related party bridge loans exchanged for redeemable class 2 common units
        		                                 
          prepaid and other current assets
        		                              -7,611,000 -3,161,000 -20,927,000 
          distribution and dividend paid to noncontrolling interest unitholders and class a common stock shareholders
        		                                 
          distribution paid to non-controlling interest unitholders
        		                                -4,125,000 
          inventory reserve