Liberty Energy signs $505M power equipment deals

Liberty Energy Inc. entered into two major supply contracts through its subsidiary Liberty Advanced Equipment Technologies LLC with Bergen Engines AS to buy power generation equipment for prospective data center and distributed power projects.

Rhea-AI Filing Summary

Liberty Energy Inc. entered into two major supply contracts through its subsidiary Liberty Advanced Equipment Technologies LLC with Bergen Engines AS to buy power generation equipment for prospective data center and distributed power projects. The contracts are priced at $224.4 million and $280.6 million, for an aggregate Contract Price of $505 million. Payments include a deposit, amounts due at signing, and further installments tied to scheduling, delivery, and takeover of the equipment, with delivery and performance testing expected from the second half of 2027 through 2028. Liberty must provide a parent guarantee for part of the price. The contracts cap Bergen’s liability in some circumstances but also impose liquidated damages if it misses delivery milestones or performance guarantees, and allow termination for convenience with payments to Bergen, or for material breach or prolonged force majeure by either party.

Insights

Energy infrastructure & capex analyst

Liberty commits to $505M long‑lead power equipment for data and distributed projects.

Liberty Energy is locking in two large power-generation equipment packages with Bergen Engines totaling $505 million. These long-lead assets are designated for prospective data center and distributed power projects, signaling a planned build-out of power-intensive infrastructure over several years.

The contracts phase payments over deposits, signing, and milestone-based installments and run through delivery, testing, and takeover in the second half of 2027 and into 2028. Bergen’s liability is limited in defined cases, but liquidated damages apply if delivery milestones or performance guarantees are not met, partially mitigating counterparty and execution risk.

Termination rights are structured so Liberty can exit for convenience with agreed payments, while either party can terminate for material breach or extended force majeure. For Liberty, financial impact will depend on project execution and future disclosures around these data center and distributed power initiatives, including how these assets are ultimately deployed.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Key Figures

First supply contract price: $224.4 million Second supply contract price: $280.6 million Aggregate Contract Price: $505 million +2 more

5 metrics

First supply contract price $224.4 million Power generation equipment contract with Bergen Engines

Second supply contract price $280.6 million Power generation equipment contract with Bergen Engines

Aggregate Contract Price $505 million Total for both Bergen Engines supply contracts

Delivery window start Second half of 2027 Beginning of delivery, testing, and takeover period

Delivery window end 2028 Expected completion of delivery, testing, and takeover

Key Terms

Material Definitive Agreement, liquidated damages, force majeure, parent guarantee, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

liquidated damages financial

"Bergen is subject to liquidated damages under certain conditions for failure to achieve delivery milestones"

A pre-agreed sum that one party must pay if it breaks a contract, chosen so both sides avoid arguing over the exact amount of loss later. Think of it like a fixed cancellation fee for a reservation: it makes potential costs predictable. For investors, liquidated damages matter because they create a known financial liability that can affect cash flow, contract risk, balance-sheet exposure and deal valuations.

force majeure legal

"Either party may also terminate the Supply Contracts without liability for a continuing force majeure event."

Force majeure is a legal concept that refers to unexpected events beyond anyone’s control, such as natural disasters, war, or severe disruptions, that prevent a party from fulfilling their obligations. It matters to investors because it can delay or cancel agreements, affecting the timing and certainty of financial transactions and obligations. Essentially, it acts as a shield for parties facing unforeseen, uncontrollable problems.

parent guarantee financial

"The Company is required to provide a parent guarantee for a specified portion of the Contract Price."

forward-looking statements regulatory

"contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreements did Liberty Energy (LBRT) disclose in this Form 8-K?

Liberty Energy disclosed two supply contracts between its subsidiary and Bergen Engines AS to purchase power generation equipment. The equipment will support Liberty’s prospective data center and other distributed power projects, reflecting a sizable planned build-out of long-lead infrastructure assets over several years.

What is the total contract value of Liberty Energy’s new power equipment deals?

The two Bergen Engines supply contracts are priced at $224.4 million and $280.6 million, for a combined Contract Price of $505 million. Payments are structured as a deposit, amounts due at signing, and milestone-based installments tied to scheduling, delivery, and equipment takeover.

When will Liberty Energy receive the power generation equipment from Bergen?

Delivery, performance testing, and takeover of the power generation equipment under the Bergen contracts are expected to begin in the second half of 2027 and continue through 2028. This long timeline reflects the complex, large-scale nature of the equipment and related projects.

What protections and liabilities are included in Liberty Energy’s contracts with Bergen?

The supply contracts limit Bergen’s liability under specified conditions but impose liquidated damages if it fails to meet delivery milestones or performance guarantees. Liberty can terminate for material breach or delay and seek specified refunds and damages, while prolonged force majeure allows either party to terminate without liability.

Can Liberty Energy terminate the supply contracts with Bergen for convenience?

Liberty, through its subsidiary, may terminate a supply contract for convenience with Bergen’s prior written agreement. However, Liberty must satisfy defined payment obligations in Bergen’s favor, balancing flexibility to adjust plans with compensation for the supplier’s commitments and costs.

How is Liberty Energy’s parent company involved in these Bergen equipment contracts?

Liberty Energy Inc. must provide a parent guarantee covering a specified portion of the $505 million Contract Price. This guarantee supports its subsidiary’s obligations to Bergen Engines and underscores the corporate-level commitment behind these prospective data center and distributed power projects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 04:31 PM Learn about SEC filing dates

FALSE000169402800016940282026-05-012026-05-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 01, 2026

LIBERTY ENERGY INC.

(Exact name of registrant as specified in its charter)

Delaware

001-38081

81-4891595

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

950 17th Street, Suite 2400

Denver, Colorado 80202

(Address and Zip Code of Principal Executive Offices)

(303) 515-2800

(Registrant’s Telephone Number, Including Area Code)

 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01

LBRT

New York Stock Exchange

NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 1.01 Entry into a Material Definitive Agreement.

Supply Contracts for Power Generation Equipment

On May 1, 2026, Liberty Advanced Equipment Technologies LLC (the “Purchaser”), a wholly owned subsidiary of Liberty Energy Inc. (the “Company”), entered into two supply contracts with Bergen Engines AS (“Bergen”) for the purchase of power generation equipment, including engines and certain balance of plant equipment, for the Company’s prospective data center and other distributed power projects (each, a “Supply Contract” and, collectively, the “Supply Contracts”). Each Supply Contract was entered into on substantially similar terms, at a purchase price of $224.4 million and $280.6 million, respectively, for an aggregate purchase price of $505 million (the “Contract Price”).

The payment schedule for the Contract Price includes a deposit, amounts due at signing, and various additional installments relating to the scheduling, delivery, and takeover of the equipment. Delivery, performance testing, and takeover of the equipment is expected to occur beginning in the second half of 2027 through 2028. The Company is required to provide a parent guarantee for a specified portion of the Contract Price.

Each Supply Contract provides that Bergen has limited liability under specified conditions and that Bergen is subject to liquidated damages under certain conditions for failure to achieve delivery milestones and performance guarantees.

Each Supply Contract provides that the Purchaser may terminate the applicable Supply Contract for convenience with the prior written agreement of Bergen, subject to fulfillment of certain payment obligations in favor of Bergen. In addition, either party may terminate the Supply Contracts for material breach subject to notice and cure periods. In the event of termination by the Purchaser for material breach or delay by Bergen, the Purchaser is entitled to a specified refund and damages. Either party may also terminate the Supply Contracts without liability for a continuing force majeure event.

The foregoing description of the Supply Contracts does not purport to be complete and is qualified in its entirety by reference to the full text of the Supply Contracts, copies of which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2026.

Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, including those with respect to the delivery timelines for equipment being acquired under the Supply Contracts, the timing and amount of payments under the Supply Contracts, performance of the equipment being acquired under the Supply Contracts, and the performance of Bergen under the Supply Contracts. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “outlook,” “project,” “plan,” “position,” “believe,” “intend,” “achievable,” “forecast,” “assume,” “anticipate,” “will,” “continue,” “potential,” “likely,” “should,” “could,” and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation and expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

LIBERTY ENERGY INC.

Dated: May 7, 2026

By:

/s/ R. Sean Elliott

R. Sean Elliott

Chief Legal Officer and Corporate Secretary

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