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Flowco (FLOC) investor relations material
Flowco Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q4 2025 revenues of $197.2M, net income of $43.0M, and Adjusted EBITDA of $83.5M, with a margin of 42.4%.
Full-year 2025 revenues reached $759.7M, net income $131.7M, and Adjusted EBITDA $311.7M.
Delivered consistent execution and growth across both operating segments, maintaining industry-leading margins and robust free cash flow.
Announced acquisition of Valiant Artificial Lift Solutions, expected to close in early March 2026, expanding artificial lift offerings and addressable market.
Declared a quarterly dividend of $0.08 per share in January 2026.
Financial highlights
Q4 revenue reached $197 million, with adjusted net income of $45.7 million and Adjusted EBITDA of $83.5 million.
Full-year Adjusted Net Income was $148.8 million; Q4 Adjusted EBITDA margin was 42.4%, up from 39.7% in Q4 2024.
Q4 Free Cash Flow was $63.2 million; full-year Free Cash Flow was $167.1 million.
Maintained robust liquidity with $579.6 million available under the revolving credit facility as of February 2026.
Rental revenue surpassed $110 million for the first time in Q4, with recurring contracted revenue.
Outlook and guidance
Q1 2026 Adjusted EBITDA expected between $82 million and $86 million.
Valiant expected to contribute ~$52 million Adjusted EBITDA in 2026, with 10 months of earnings contribution.
Full-year 2026 CapEx (excluding M&A) expected at approximately $115 million.
Management expects the Valiant acquisition to expand the addressable market and drive incremental growth in 2026.
Anticipate continued incremental growth in rental fleets and stable segment revenues, excluding Valiant.
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