This Energy Services Stock Up Nearly 100% Got a $36 Million Institutional Bet Last Quarter

By Jonathan Ponciano – Mar 10, 2026 at 8:12PM ESTKey PointsGoodlander Investment Management bought 1,950,000 shares of Liberty Energy in the fourth quarter.The quarter-end position value rose by $35,997,000 as a result.Liberty Energy is now a significant holding within the fund’s top five positions by value.On February 17, 2026, Goodlander Investment Management disclosed a new position in Liberty Energy (LBRT +2.02%), acquiring 1,950,000 shares in an estimated $35,997,000 trade.What happenedAccording to a filing with the Securities and Exchange Commission dated February 17, 2026, Goodlander Investment Management established a new stake in Liberty Energy, purchasing 1,950,000 shares. The firm’s quarter-end position in Liberty Energy was valued at $35,997,000.What else to knowThis was a new position for Goodlander Investment Management and represents 13.75% of its $261.83 million in reportable U.S. equity assets.Top holdings after the filing:NYSE:SEI: $44.13 million (16.9% of AUM)NYSE:MTZ: $36.95 million (14.1% of AUM)NYSE:EME: $36.71 million (14.0% of AUM)NYSE:LBRT: $36.00 million (13.8% of AUM)NYSE:GEV: $29.41 million (11.2% of AUM)As of Tuesday, shares of Liberty Energy were priced at $28.32, up 96% over the past year and well outperforming the S&P 500’s roughly 21% gain in the same period.Company overviewMetricValuePrice (as of Tuesday)$28.32Market capitalization$4.6 billionRevenue (TTM)$4.01 billionNet income (TTM)$147.87 millionCompany snapshotLiberty Energy provides hydraulic fracturing, wireline services, proppant delivery, and related technologies to oil and gas exploration companies in North America.The firm serves onshore oil and natural gas producers, with a strong presence in major U.S. shale basins including the Permian, Eagle Ford, Denver-Julesburg, Williston, and Powder River Basins.Liberty Energy leverages its integrated business model and strategic basin footprint to deliver high-value completion services for North American oil and gas producers, providing a competitive advantage in servicing leading energy customers.What this transaction means for investorsShares of Liberty Energy have been on an absolute tear this past year, and while that may have certainly caught the attention of Goodlander, it’s important to note that much of the stock surge has been this year, with shares climbing about 50% since the end of last quarter.That means the bet has potentially paid off well, and recent results shed some light as to why. Liberty Energy generated roughly $4 billion in revenue in 2025 with $148 million in net income and $634 million in adjusted EBITDA, highlighting the earnings power that completion services can produce during periods of steady drilling activity. Fourth-quarter revenue alone reached about $1 billion, reflecting stable demand for its services across major shale basins.The company is also expanding beyond traditional oilfield services.

Its Liberty Power Innovations platform is pushing into distributed power solutions and energy infrastructure projects tied to data centers and industrial users, suggesting a longer runway than typical shale service providers.About the AuthorJonathan Ponciano is a contributing stock market analyst at The Motley Fool. He has nearly a decade of experience as a financial journalist, most recently as an editor and senior reporter at Forbes focused on markets, technology, and entrepreneurship. Jonathan has also written for Investopedia and the Los Angeles Business Journal. He holds a dual B.A. in Business Journalism and Economics from the University of North Carolina at Chapel Hill and an M.B.A. from Columbia Business School. A North Carolina native now based in New York City, Jonathan has also lived in Mexico City and Los Angeles.CMFjonponcStocks MentionedLiberty EnergyNYSE: LBRT$28.32(+2.02%)+$0.56*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.