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Flowco (FLOC) investor relations material
Flowco Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $258.6M, up 10% sequentially and 46% YoY; Adjusted EBITDA reached $103.9M, up 11% sequentially and above the high end of guidance.
Free Cash Flow was $72.4M, with 69.7% conversion; both operating segments contributed to sequential growth.
Lifting Solutions expanded later-life well technologies and international reach, complementing Valiant’s artificial-lift activity and cross-selling opportunities.
Financial highlights
Q3 revenue was $258.6M versus $176.9M a year earlier; rentals were $141.8M and sales were $116.9M.
Operating income was $47.9M versus $34.6M; net income attributable to shareholders was $20.1M versus $12.5M.
Adjusted EBITDA was $103.9M versus $93.9M in Q2 and $76.8M in Q3 2025; Adjusted EBITDA margin was 40.2%.
Operating cash flow was $103.1M, Free Cash Flow was $72.4M and Q3 capital expenditures were $30.7M.
Nine-month revenue was $704.0M, operating income $125.4M and operating cash flow $277.0M.
Outlook and guidance
Q4 Adjusted EBITDA guidance is $93M-$99M, reflecting typical seasonality, expanded geographic reach and a full quarter of Lifting Solutions.
Full-year capital spending outlook is unchanged; Q4 CapEx is expected in line with Q3, with 2027 spending anticipated at similar or slightly lower levels than 2026.
Surface Equipment systems released in Q3 are being redeployed against identified demand; returns to current stacked levels are expected by mid-2027.
Free Cash Flow conversion from EBITDA is expected to remain in the 50% neighborhood; international opportunities are expected to require $5M-$10M of additional working capital.
- A US$113 million acquisition adds rod lift, PCP and Canadian and international reach.FLOC
M&A announcement - Q2 2026 saw strong revenue, EBITDA, and cash flow, boosted by Valiant acquisition and rentals.FLOC
Q2 2026 - Resilient growth, high-margin rentals, and expanding technology leadership define the outlook.FLOC
J.P. Morgan Natural Resources Conference 2026 - Q1 2026 delivered strong growth, high margins, and a boosted dividend after the Valiant acquisition.FLOC
Q1 2026 - Registers 1,454,849 shares for resale by a stockholder; no proceeds to the company.FLOC
Registration filing - Annual meeting covers director elections, ESPP approval, and auditor ratification, with board governance updates.FLOC
Proxy filing - Virtual meeting to elect directors, approve ESPP, and ratify PwC as auditor.FLOC
Proxy filing - Strong Q4 and 2025 results, Valiant acquisition boosts growth and international expansion.FLOC
Q4 2025 - 2024 revenue up 10% with strong margins; IPO proceeds reduced debt; 2025 outlook positive.FLOC
Q4 2024
Next Flowco earnings date
Next Flowco earnings date
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