Liberty Energy (LBRT) outlined plans to expand its power generation capacity to 3 gigawatts (GW) by 2029 during a presentation at the EnerCom Denver – The Energy Investment Conference on August 18, 2026. The company, which operates five mobile power plants capable of producing 25 to 30 megawatts each, also expects to announce more than 500 megawatts (MW) of energy service agreements before year-end.
The Houston-based oilfield services provider, founded in 2011 by Chris and Jim Brady, reported a 3.82% decline in its stock price to $21.39 on August 18, following a previous close of $22.24. Liberty’s shares trade slightly above its InvestingPro Fair Value of $20.24 and yield 1.62%, with the company having raised its dividend for four consecutive years. Over the past year, LBRT has delivered a 107% return, while its historical cash return on capital invested averages 23% over its 15-year history.
Liberty highlighted the role of artificial intelligence in improving operational efficiency, including a logistics AI system that reduced sand delivery truck requirements by 35% and an equipment-monitoring AI processing about 2 billion data points daily. The company’s The Hive system has extended the life of engines, transmissions, and power ends by up to 100%, with agentic AI models tested on roughly one-third of its frac fleets.
The company’s power strategy includes partnerships with SLB for modular server hall infrastructure, Vantage for a 400-MW energy service agreement in Wyoming, Oklo for advanced nuclear power, and Fervo for enhanced geothermal power. Liberty is also developing a West Texas site with PowerBridge.
Liberty operates 6,000 employees across North America and has maintained the top ranking in oilfield services in the EnergyPoint Research Customer Satisfaction Survey for a decade. The company moves over 20 million tons of sand annually, equivalent to more than 1 million truckloads, while industry efficiency has improved markedly since its founding—North America now produces record oil and gas volumes with roughly 200 frac crews and 600 drilling rigs, down from 450 frac crews and 1,800 rigs in 2011.
The company also emphasized the continued dominance of fossil fuels in global energy, noting that crude oil, natural gas, and coal still account for 85% of supply, unchanged since 1971. A six-month disruption in the Strait of Hormuz removed about 2.5 billion barrels of oil from the market, while 25% of global LNG previously transited the strait. Liberty also highlighted disparities in per capita energy consumption, with Western nations averaging 13 barrels of oil per person annually compared to 3 barrels globally and 4.5 barrels in China.
