Pay vs Performance Disclosure | 12 Months Ended |
Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) |
Pay vs Performance Disclosure [Table] | | | | | | |
Pay vs Performance Disclosure, Table | | Pay Versus Performance Table for 2024 Summary Compensation Compensation Average Summary Compensation Table Total for Average Summary Compensation Actually Paid to Value of Initial Fixed $100 Investment Based On: Net Income (Loss) (in Table Total for Actually Paid to Non-PEO NEOs Non-PEO NEOs Company Peer Group Thousands) Adjusted Year PEO ($) (1) PEO ($) (2) ($) (3) ($) (4) TSR ($) TSR ($) (5) ($) (6) ROCE (7) 2024 5,836,488 10,045,829 2,411,705 3,805,434 188.06 101.68 316,010 19.5 % 2023 5,628,100 9,819,996 2,328,163 3,919,083 169.06 115.11 556,317 42.9 % 2022 5,747,485 12,201,790 2,367,374 4,567,954 147.11 112.94 399,602 34.0 % 2021 4,611,372 3,946,524 2,028,596 1,738,700 88.85 69.94 (179,244 ) -10.3 % 2020 3,310,114 2,493,998 1,218,682 909,552 94.44 57.93 (115,583 ) -13.9 % (1) The dollar amounts reported are the amounts of total compensation reported for Christopher A. Wright (our former Chairman and CEO) for each corresponding year in the “Total” column of the Summary Compensation Table provided above. (2) The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Wright, as computed in accordance with Item 402(v) of SEC Regulation S-K. The dollar amounts reported do not reflect the actual amount of compensation earned by or paid to Mr. Wright during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to Mr. Wright’s total compensation for each year to determine the compensation actually paid to Mr. Wright: (3) The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding Mr. Wright) in the “Total” column of the Summary Compensation Table provided above. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney. (4) The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Wright), as computed in accordance with Item 402(v) of SEC Regulation S-K. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney. The dollar amounts reported do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Wright) during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Wright) for each year to determine the compensation actually paid: (5) The peer group selected for each listed year consists of the OSX. We also use this peer group for purposes of the Stock Performance Graph set forth in “Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” of our Annual Report on Form 10-K for the year ended December 31, 2024. (6) The dollar amounts reported represent the amount of net income (loss) (in thousands) attributable to Liberty Energy Inc. in our audited consolidated financial statements for the applicable year (7) For the year ended December 31, 2024, Adjusted ROCE is equal to the Company’s 2024 income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, divided by the simple average of capital (debt and equity) employed at the beginning and end of the year. For the years ended December 31, 2020 to 2023, Adjusted ROCE is equal to the Company’s income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, plus interest expense and stock-based compensation expense for the year, divided by the simple average of capital (debt and equity) employed at the beginning and end of each year presented. We rank our Adjusted ROCE against those of the ROCE Peer Group to determine Comparative ROCE, which is used as a metric to determine a portion of annual incentive compensation and the vesting of performance-based RSU awards. While we use numerous financial and non-financial performance measures for the purpose of evaluating performance for our compensation programs, we have determined that our Adjusted ROCE is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in this table) used by us to link compensation actually paid to our NEOs for the most recently completed fiscal year, to our performance. (1) The dollar amounts reported are the amounts of total compensation reported for Christopher A. Wright (2) The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Wright, as computed in accordance with Item 402(v) of SEC Regulation S-K. The dollar amounts reported do not reflect the actual amount of compensation earned by or paid to Mr. Wright during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to Mr. Wright’s total compensation for each year to determine the compensation actually paid to Mr. Wright: Year Reported Summary Compensation Table Total for PEO Deduct Fair Value of Equity Awards Reported in Summary Compensation Table Add Year-End Fair Value of Equity Awards Granted in Current Year Add (Deduct) Change in Fair Value at Year End of Unvested Equity Awards Granted in Prior Years Add (Deduct) Change in Fair Value of Equity Awards Vested in Current Year Compensation Actually Paid to PEO 2024 5,836,488 (3,832,639 ) 4,401,339 2,715,100 925,541 10,045,829 2023 5,628,100 (3,590,569 ) 4,164,509 4,410,269 (792,313 ) 9,819,996 2022 5,747,485 (3,406,258 ) 4,405,023 3,612,975 1,842,565 12,201,790 2021 4,611,372 (3,801,972 ) 2,841,227 99,171 196,725 3,946,524 2020 3,310,114 (2,876,014 ) 3,082,298 (209,920 ) (812,480 ) 2,493,998 (3) The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding Mr. Wright) in the “Total” column of the Summary Compensation Table provided above. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney. (4) The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Wright), as computed in accordance with Item 402(v) of SEC Regulation S-K. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney. The dollar amounts reported do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Wright) during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Wright) for each year to determine the compensation actually paid: Year Reported Average Summary Compensation Table Total for Non-PEO NEOs Deduct Fair Value of Equity Awards Reported in Summary Compensation Table Add Year-End Fair Value of Equity Awards Granted in Current Year Add (Deduct) Change in Fair Value at Year End of Unvested Equity Awards Granted in Prior Years Add (Deduct) Change in Fair Value of Equity Awards Vested in Current Year Average Compensation Actually Paid to Non-PEO NEOs 2024 2,411,705 (1,297,394 ) 1,489,905 826,530 374,687 3,805,434 2023 2,328,163 (1,208,667 ) 1,401,868 1,667,331 (269,613 ) 3,919,083 2022 2,367,374 (1,146,682 ) 1,482,906 1,259,414 604,943 4,567,954 2021 2,028,596 (1,515,516 ) 1,132,550 22,787 70,282 1,738,700 2020 1,218,682 (957,726 ) 1,026,420 (68,658 ) (309,165 ) 909,552 (5) The peer group selected for each listed year consists of the OSX. We also use this peer group for purposes of the Stock Performance Graph set forth in “Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” of our Annual Report on Form 10-K for the year ended December 31, 2024. (6) The dollar amounts reported represent the amount of net income (loss) (in thousands) attributable to Liberty Energy Inc. in our audited consolidated financial statements for the applicable year (7) For the year ended December 31, 2024, Adjusted ROCE is equal to the Company’s 2024 income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, divided by the simple average of capital (debt and equity) employed at the beginning and end of the year. For the years ended December 31, 2020 to 2023, Adjusted ROCE is equal to the Company’s income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, plus interest expense and stock-based compensation expense for the year, divided by the simple average of capital (debt and equity) employed at the beginning and end of each year presented. We rank our Adjusted ROCE against those of the ROCE Peer Group to determine Comparative ROCE, which is used as a metric to determine a portion of annual incentive compensation and the vesting of performance-based RSU awards. While we use numerous financial and non-financial performance measures for the purpose of evaluating performance for our compensation programs, we have determined that our Adjusted ROCE is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in this table) used by us to link compensation actually paid to our NEOs for the most recently completed fiscal year, to our performance. | | | | |
Company Selected Measure Name | | Adjusted ROCE | | | | |
Named Executive Officers, Footnote | | (1) The dollar amounts reported are the amounts of total compensation reported for Christopher A. Wright | | | | |
Peer Group Issuers, Footnote | | The peer group selected for each listed year consists of the OSX. We also use this peer group for purposes of the Stock Performance Graph set forth in “Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” of our Annual Report on Form 10-K for the year ended December 31, 2024. | | | | |
PEO Total Compensation Amount | [1] | $ 5,836,488 | $ 5,628,100 | $ 5,747,485 | $ 4,611,372 | $ 3,310,114 |
PEO Actually Paid Compensation Amount | [2] | $ 10,045,829 | 9,819,996 | 12,201,790 | 3,946,524 | 2,493,998 |
Adjustment To PEO Compensation, Footnote [Text Block] | | Year Reported Summary Compensation Table Total for PEO Deduct Fair Value of Equity Awards Reported in Summary Compensation Table Add Year-End Fair Value of Equity Awards Granted in Current Year Add (Deduct) Change in Fair Value at Year End of Unvested Equity Awards Granted in Prior Years Add (Deduct) Change in Fair Value of Equity Awards Vested in Current Year Compensation Actually Paid to PEO 2024 5,836,488 (3,832,639 ) 4,401,339 2,715,100 925,541 10,045,829 2023 5,628,100 (3,590,569 ) 4,164,509 4,410,269 (792,313 ) 9,819,996 2022 5,747,485 (3,406,258 ) 4,405,023 3,612,975 1,842,565 12,201,790 2021 4,611,372 (3,801,972 ) 2,841,227 99,171 196,725 3,946,524 2020 3,310,114 (2,876,014 ) 3,082,298 (209,920 ) (812,480 ) 2,493,998 | | | | |
Non-PEO NEO Average Total Compensation Amount | [3] | $ 2,411,705 | 2,328,163 | 2,367,374 | 2,028,596 | 1,218,682 |
Non-PEO NEO Average Compensation Actually Paid Amount | [4] | $ 3,805,434 | 3,919,083 | 4,567,954 | 1,738,700 | 909,552 |
Adjustment to Non-PEO NEO Compensation Footnote | | Year Reported Average Summary Compensation Table Total for Non-PEO NEOs Deduct Fair Value of Equity Awards Reported in Summary Compensation Table Add Year-End Fair Value of Equity Awards Granted in Current Year Add (Deduct) Change in Fair Value at Year End of Unvested Equity Awards Granted in Prior Years Add (Deduct) Change in Fair Value of Equity Awards Vested in Current Year Average Compensation Actually Paid to Non-PEO NEOs 2024 2,411,705 (1,297,394 ) 1,489,905 826,530 374,687 3,805,434 2023 2,328,163 (1,208,667 ) 1,401,868 1,667,331 (269,613 ) 3,919,083 2022 2,367,374 (1,146,682 ) 1,482,906 1,259,414 604,943 4,567,954 2021 2,028,596 (1,515,516 ) 1,132,550 22,787 70,282 1,738,700 2020 1,218,682 (957,726 ) 1,026,420 (68,658 ) (309,165 ) 909,552 | | | | |
Compensation Actually Paid vs. Total Shareholder Return | | Compensation Actually Paid and Cumulative TSR | | | | |
Compensation Actually Paid vs. Net Income | | Compensation Actually Paid and Net Income (Loss) | | | | |
Compensation Actually Paid vs. Company Selected Measure | | Compensation Actually Paid and Adjusted ROCE | | | | |
Total Shareholder Return Vs Peer Group | | | | | | |
Tabular List, Table | | Performance Measures The most important financial performance measures that we use to link executive compensation actually paid to the NEOs for the most recently completed fiscal year to our performance are Adjusted Pre-tax EPS Adjusted ROCE Comparative ROCE | | | | |
Total Shareholder Return Amount | | $ 188.06 | 169.06 | 147.11 | 88.85 | 94.44 |
Peer Group Total Shareholder Return Amount | [5] | 101.68 | 115.11 | 112.94 | 69.94 | 57.93 |
Net Income (Loss) Attributable to Parent | [6] | $ 316,010,000 | $ 556,317,000 | $ 399,602,000 | $ (179,244,000) | $ (115,583,000) |
Company Selected Measure Amount | [7] | 0.195 | 0.429 | 0.340 | (0.103) | (0.139) |
PEO Name | | Christopher A. Wright | Christopher A. Wright | Christopher A. Wright | Christopher A. Wright | Christopher A. Wright |
Measure [Axis]: 1 | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Measure Name | | Adjusted Pre-tax EPS | | | | |
Measure [Axis]: 2 | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Measure Name | | Adjusted ROCE | | | | |
Measure [Axis]: 3 | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Measure Name | | Comparative ROCE | | | | |
PEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | $ (3,832,639) | $ (3,590,569) | $ (3,406,258) | $ (3,801,972) | $ (2,876,014) |
PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | 4,401,339 | 4,164,509 | 4,405,023 | 2,841,227 | 3,082,298 |
PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | 2,715,100 | 4,410,269 | 3,612,975 | 99,171 | (209,920) |
PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | 925,541 | (792,313) | 1,842,565 | 196,725 | (812,480) |
Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | (1,297,394) | (1,208,667) | (1,146,682) | (1,515,516) | (957,726) |
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | 1,489,905 | 1,401,868 | 1,482,906 | 1,132,550 | 1,026,420 |
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | 826,530 | 1,667,331 | 1,259,414 | 22,787 | (68,658) |
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] | | | | | | |
Pay vs Performance Disclosure [Table] | | | | | | |
Adjustment to Compensation Amount | | $ 374,687 | $ (269,613) | $ 604,943 | $ 70,282 | $ (309,165) |
| |
[1]The dollar amounts reported are the amounts of total compensation reported for Christopher A. Wright (our former Chairman and CEO) for each corresponding year in the “Total” column of the Summary Compensation Table provided above.[2]The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Wright, as computed in accordance with Item 402(v) of SEC Regulation S-K. The dollar amounts reported do not reflect the actual amount of compensation earned by or paid to Mr. Wright during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to Mr. Wright’s total compensation for each year to determine the compensation actually paid to Mr. Wright:[3]The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding Mr. Wright) in the “Total” column of the Summary Compensation Table provided above. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney.[4]The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Wright), as computed in accordance with Item 402(v) of SEC Regulation S-K. The NEOs (excluding Mr. Wright) included for purposes of calculating the average amounts in each applicable year are Messrs. Stock, Gusek, Elliott and Gosney. The dollar amounts reported do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Wright) during the applicable year. In accordance with the requirements of Item 402(v) of SEC Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Wright) for each year to determine the compensation actually paid:[5]The peer group selected for each listed year consists of the OSX. We also use this peer group for purposes of the Stock Performance Graph set forth in “Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” of our Annual Report on Form 10-K for the year ended December 31, 2024.[6]The dollar amounts reported represent the amount of net income (loss) (in thousands) attributable to Liberty Energy Inc. in our audited consolidated financial statements for the applicable year[7]For the year ended December 31, 2024, Adjusted ROCE is equal to the Company’s 2024 income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, divided by the simple average of capital (debt and equity) employed at the beginning and end of the year. For the years ended December 31, 2020 to 2023, Adjusted ROCE is equal to the Company’s income before taxes and loss (gain) on remeasurement of liability under tax receivable agreements, plus interest expense and stock-based compensation expense for the year, divided by the simple average of capital (debt and equity) employed at the beginning and end of each year presented. We rank our Adjusted ROCE against those of the ROCE Peer Group to determine Comparative ROCE, which is used as a metric to determine a portion of annual incentive compensation and the vesting of performance-based RSU awards. While we use numerous financial and non-financial performance measures for the purpose of evaluating performance for our compensation programs, we have determined that our Adjusted ROCE is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in this table) used by us to link compensation actually paid to our NEOs for the most recently completed fiscal year, to our performance. | |