Liberty Energy Inc-A 2024年度报告

℠ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the Fiscal Year Ended December 31, 2024 OR ℠TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934Commission File No. 001-38081 81-4891595 Delaware (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act.℠Yes℠No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section15(d) of the Act.℠Yes℠No Indicate by check mark whether the registrant (1) has filed all reports to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days.℠Yes℠No Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this Chapter) during thepresiding 12 months (or for such shorter period that the registrant was required to submit and post suchfiles).℠Yes℠No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large Accelerated Filer℠Accelerated Filer℠Non-accelerated filer℠company℠ Emerging growth company℠ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.℠ Indicate by check mark whether the registrant has filed a report on an attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.℠ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.℠ Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b).℠ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act):℠Yes℠No As of June 28, 2024, the last business day of the registrant’s most recently completed second fiscalquarter, the aggregate market value of voting and non-voting common stock held by non-affiliates of theregistrant was approximately $3.3 billion, determined using the per share closing price on the New YorkStock Exchange on that date of $20.89. Shares of common stock held by each director and executiveofficer (and their respective affiliates) and each person who owns 10 percent or more of the outstandingcommon stock or who is otherwise believed by the registrant to be in a control position have beenexcluded. This determination of affiliate status is not necessarily a conclusive determination for otherpurposes. As of January 31, 2025, the Registrant had 161,923,807 shares of Class A Common Stock and 0 sharesof Class B Common Stock outstanding. Documents Incorporated by Reference: Part III of this Annual Report on Form 10-K incorporates certaininformation by reference from the registrant’s proxy statement for the 2025 annual meeting ofstockholders to be filed no later than 120 days after the end of the registrant’s fiscal year. PART I Item 1.Business1Item 1A.Risk Factors12Item 1B.Unresolved Staff Comments28Item 1C.Cybersecurity28Item 2.Properties29Item 3.Legal Proceedings29Item 4.Mine Safety Disclosures29PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities30Item 6.[Reserved]28Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations34Item 7A.Quantitative and Qualitative Disclosure about Market Risk45Item 8.Financial Statements and Supplementary Data45Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure45Item 9A.Controls and Procedures46Item 9B.Other Information46PART IIIItem 10.Directors, Executive Officers and Corporate Governance47Item 11.Executive Compensation47Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters47Item 13.Certain R