Liberty Energy Inc Class A
LBRT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $77.00 | Cjwr | Yytzljnwh |
Liberty's Vertical Integration Will Drive Margin Improvements as Frac Equipment Demand Remains High
Business Strategy and Outlook
Liberty Oilfield Services has provided hydraulic fracturing services since 2011, expanding from one active fleet to 30 over the last decade. Most of its management team has been involved in technological innovation for hydraulic fracturing since the 1990s. Current tech solutions include statistical analysis to optimize frac design and dual-fuel fleets. The 2020 acquisition of OneStim from Schlumberger, previously the leader in North American pressure pumping, doubled Liberty’s capacity while adding a slew of previously unpenetrated customers and shale basins.