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Flowco Holding (FLOC) investor relations material
Flowco Holding Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q3 2025 Adjusted EBITDA of $76.8 million and margin of 43.4%, exceeding expectations and expanding margin by 382 basis points quarter-over-quarter.
Net income for Q3 2025 was $34.3 million, up 66% year-over-year, with Adjusted Net Income of $37.3 million.
Free cash flow for Q3 2025 was $42.8 million, driven by high-margin rental portfolio growth and disciplined execution.
Completed integration of 155 high pressure gas lift and vapor recovery systems acquired in August, enhancing margin profile and customer relationships.
Operates in two segments: Production Solutions and Natural Gas Technologies, both showing strong recurring revenue and market presence.
Financial highlights
Q3 2025 revenue was $176.9 million, down 7% year-over-year and 8% sequentially, with rental revenue increasing 23% to $107 million.
Net income rose to $34.3 million from $27.4 million in Q2 2025 and $20.6 million in Q3 2024.
Adjusted EBITDA margin expanded to 43.4% from 39.6% in Q2 2025 and 39.1% in Q3 2024.
Corporate expenses decreased to $3.8 million from $4.3 million, reflecting lower professional service costs and G&A.
As of September 30, 2025, cash and cash equivalents were $7.2 million, with $222.6 million in outstanding debt and $518.3 million in available borrowing capacity.
Outlook and guidance
Q4 Adjusted EBITDA expected between $76 million and $80 million, with continued growth in rental fleets and a full quarter contribution from acquired assets.
Management expects continued demand for advanced production and methane abatement technologies, supported by regulatory and economic drivers.
SG&A expected to remain consistent with Q3.
Board approved a quarterly dividend of $0.08 per share for Q4 2025, payable in November.
Capital deployment for 2026 expected to be steady, with no curtailment through mid-year.
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