Flowco Holdings Inc. announced its financial results for the second quarter ended June 30, 2025, on August 5, 2025. Total revenues reached $193.215 million, a significant increase from $93.208 million in the second quarter of 2024. Net income for the quarter was $27.352 million, up from $20.082 million in the prior year period.
Adjusted EBITDA for Q2 2025 was $76.488 million, compared to $40.236 million in Q2 2024, showing sequential improvements from Q1 2025. The Production Solutions segment reported revenues of $128.245 million, an increase of 10.6% from Q1 2025, driven by higher operating leverage and sales. The Natural Gas Technologies segment reported revenues of $64.970 million.
Joe Bob Edwards, President and CEO, highlighted strong second-quarter results with sequential improvements in Adjusted EBITDA and Adjusted EBITDA Margins, alongside robust free cash flow generation. He noted that growth in high-margin rental divisions was a key driver, supported by increased customer adoption and strategic investments in the rental fleet. The company also announced the completion of the acquisition of 155 High Pressure Gas Lift and Vapor Recovery systems from Archrock on August 4, 2025.
The Archrock acquisition is expected to accelerate the growth of Flowco's high-margin rental businesses and increase its fleet of electric motor drive systems. Despite global uncertainties, the upstream market demonstrated resilience, with operators focusing on production optimization to maximize asset value. Flowco's solutions, which enhance efficiency, reliability, and recovery, are seeing steady demand.
Flowco ended the quarter with $496.5 million available under its revolving credit facility, with outstanding borrowings of $226.6 million as of August 1, 2025. Capital expenditures remain focused on production optimization tools, methane abatement products, and rental fleet expansion, with expected incremental returns exceeding 20%. The company declared a quarterly dividend of $0.08 per share, consistent with the prior quarter.
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