Liberty Energy boosts stock buyback authorization to $500M

On January 24, 2023, the Board approved an increase to Liberty’s existing share repurchase authorization announced July 25, 2022 to $500 million, a $250 million increase from the originally authorized amount. During the year ended December 31, 2022, Liberty repurchased and retired 8,185,890 shares of Class A common stock, representing 4.4% of shares outstanding at program commencement, for approximately $125 million. With this program expansion, total remaining authorization for future common share repurchases is approximately $375 million.