Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

 SPECIALIZED DISCLOSURE REPORT

 

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)

Michael Stock

[phone]

(Name and Telephone Number, Including Area Code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

 

☐

Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, _____.

☒

Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the fiscal year ended December 31, 2023.

---

Section 2. Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Disclosure of Payments by Resource Extraction Issuers

The specified payment disclosure required by this Form is included in Exhibit 2.01 to this Form SD.

Section 3. Exhibits

Item 3.01 Exhibits

 

Exhibit No.						Description
99.1						Resource Extraction Payment Report

---

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: September 26, 2024

By:

/s/ Michael Stock

Michael Stock

Chief Financial Officer

Exhibit 2.01

Resource Extraction Payment Report

Government-level disclosure

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.

(USD, $ in thousands)
Country						Payee						Taxes						Royalties						Fees						Production Entitlements						Bonuses						Dividends						Payments for infrastructure improvements						Community and social responsibility payments						Total
United States						U.S. Federal Government						$	53,038		(1)			—						—						—						—						—						—						—						$	53,038
Total												$	53,038					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	53,038

(1) Liberty Energy Inc. (the “Company”) files a consolidated income tax return and is the entity that made the payments. The U.S. Federal Government levies corporate income taxes at the entity level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the entity level. The payments relate not to particular projects but to the U.S. consolidated taxable income of the Company. The Company’s operations are organized into a single reportable segment, which consists of hydraulic fracturing and related goods and services. The Company’s wholly owned subsidiary, Freedom Proppant, LLC, is engaged in the commercial development of open-pit mining and refining frac sand in the Permian Basin in the State of Texas.

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001694028
Registrant Name	Liberty Energy Inc.
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($) $ in Thousands	Taxes	Total Payments
Total	$ 53,038	$ 53,038

Payments, by Project - USD ($) $ in Thousands	Taxes	Total Payments
Total	$ 53,038	$ 53,038

Payments, by Government - USD ($) $ in Thousands	Taxes	Total Payments
Total	$ 53,038	$ 53,038

---