Liberty Energy increases share repuchase program to $500M

Liberty Energy announced that its Board of Directors has increased its existing share repurchase authorization announced on July 25, 2022, to $500M, a $250M increase from the originally authorized amount. Since the repurchase program commencement, Liberty has repurchased and retired 8,185,890 shares of Class A common stock, representing 4.4% of outstanding shares, for approximately $125M. With this program expansion, the Company has approximately $375M available for share repurchases through July 31, 2024.