Business
Flowco Holdings Inc. Reports First Quarter 2025 Results
HOUSTON, May 13, 2025--Flowco Holdings Inc. (NYSE: FLOC) ("Flowco" or the "Company"), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced financial results for the first quarter ended March 31, 2025.
About this update from Flowco Holdings Inc.
[{"type":"text","content":"HOUSTON, May 13, 2025--(BUSINESS WIRE)--Flowco Holdings Inc. (NYSE: FLOC) ("Flowco" or the "Company"), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced financial results for the first quarter ended March 31, 2025.","length":325,"tagName":"p"},{"type":"text","content":"Where presented, the financial results for 2024 represent periods (i) during which Flowco’s operating subsidiary, Flowco MergeCo LLC ("Flowco LLC"), was a privately-owned limited liability company and (ii) prior to the completion of Flowco’s initial public offering in January 2025. Historical financial information for the periods ended in 2024 reflects information for Flowco LLC, and historical financial information presented prior to June 20, 2024 reflects only the historical financial information of Estis Compression LLC ("Estis") as the accounting predecessor prior to the business combination of Estis, Flowco Production Solutions, L.L.C. ("FPS") and Flogistix, LP ("Flogistix") and parent entities formed in connection with such business combination (the "2024 Business Combination").","length":845,"tagName":"p"},{"type":"text","content":"Key First Quarter 2025 Highlights","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues of $192.4 million, generating net income of $27.0 million and Adjusted Net Income1 of $32.8 million","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 of $74.9 million","length":33,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA Margin1 of 38.9%","length":32,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"In May 2025, Flowco's Board of Directors declared a quarterly cash dividend of $0.08 per share","length":98,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Robust balance sheet with $547.4 million of availability under our revolving credit facility as of May 9, 2025","length":110,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":381,"olType":false},{"type":"text","content":"Financial Summary","length":17,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"padd...