Liberty Energy Inc. (NYSE: LBRT), one of the largest U.S. shale fracking companies, reported its lowest earnings in three years, underscoring the pressure that lower oil prices and geopolitical uncertainty are placing on the North American energy sector.

The Permian Basin, the heart of U.S. shale, is set for a strong year in 2025 as completion activity rebounds and demand for next-generation frac technology accelerates. While Liberty Energy (NYSE: LBRT) did not explicitly mention the Permian in its recent earnings release, its insights into market trends and completions activity have significant implications for the region.

Chris Wright, Chief Executive Officer, highlighted Liberty’s strong performance and competitive advantages. “Our second quarter results demonstrate the value of Liberty’s innovative technologies and strategic investments. We achieved record average daily pumping efficiencies and safety performance, underpinning our robust financial results. Our focus on capital-efficient, low-emission natural gas technologies continues to yield significant benefits for our customers and shareholders.”