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Liberty Energy Inc. (NYSE:LBRT, ", Liberty", or the ", Company", ))))) announced today that its Board of Directors (the "Board") has increased its share repurchase authorization announced on July 25, 2022 to $750 million, a $250 million increase from the previously authorized and upsized amount. The Board has also extended the authorization through July 31, 2026.
Since the repurchase program commencement, Liberty has repurchased and retired 21,891,512 shares of Class A common stock, representing 11.7% of outstanding shares, for approximately $328 million. With this program expansion, the Company has approximately $422 million available for share repurchases through July 31, 2026.
The Board has also declared a quarterly dividend of $0.07 per share of Class A common stock, to be paid on March 20, 2024 to holders of record as of March 6, 2024.
Posted In: LBRT
