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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Revenue $ 1,232,320 $ 770,481
Revenue—related parties 29,757 22,289
Total revenue 1,262,077 792,770
Operating costs and expenses:    
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) 888,416 670,019
General and administrative 53,036 38,318
Transaction, severance, and other costs 617 1,334
Depreciation, depletion, and amortization 94,401 74,588
Loss on disposal of assets 487 4,672
Total operating costs and expenses 1,036,957 788,931
Operating income 225,120 3,839
Other expense:    
Loss on remeasurement of liability under tax receivable agreements 0 4,165
Interest income—related party (373) 0
Interest expense, net 8,264 4,324
Total other expense 7,891 8,489
Net income (loss) before income taxes 217,229 (4,650)
Income tax expense 54,483 830
Net income (loss) 162,746 (5,480)
Less: Net income (loss) attributable to non-controlling interests 91 (104)
Net income (loss) attributable to Liberty Energy Inc. stockholders $ 162,655 $ (5,376)
Net income (loss) attributable to Liberty Energy Inc. stockholders per common share:    
Basic (in dollars per share) $ 0.92 $ (0.03)
Diluted (in dollars per share) $ 0.90 $ (0.03)
Weighted average common shares outstanding:    
Basic (in shares) 176,569 183,999
Diluted (in shares) 181,088 183,999