LBRT secures $300M prepayment and 1.2 GW power deal to expand power business
LBRT reported $1.2 billion third-quarter revenue and signed a 1.2 GW data-center power deal backed by a $300 million prepayment and project financing.
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what happened
According to TradingView, LBRT reported third-quarter revenue of $1.2 billion and adjusted EBITDA of $142 million. Better completion activity supported the results, while drilling delays and inflation weighed on performance.
The company also signed a 1.2 GW power agreement for data centers, backed by a $300 million prepayment and targeted project financing. The deal anchors its plans to expand its power business.
why it matters
The agreement shows oilfield service firms moving into data-center power supply. The prepayment and planned project financing could ease funding needs for new capacity, while results still hinge on drilling activity and costs.
market impact
LBRT and oilfield services: data-center power deal adds growth but results still track drilling activity
tags
instruments
sources
- LBRT: A $300M prepayment and 1.2 GW agreement accelerate the power-growth strategy — TradingView, 22 October 2026 at 16:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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