Flowco Holdings Inc. (NYSE: FLOC) has reported its financial results for the fourth quarter and full year ended December 31, 2025. The company's fourth quarter 2025 revenues stood at $197.2 million, generating net income of $43.0 million and adjusted net income of $45.7 million. Adjusted EBITDA for the quarter was $83.5 million, with an adjusted EBITDA margin of 42.4%. The net cash provided by operating activities was $87.2 million, resulting in free cash flow of $63.2 million.
Comparing these figures to the same period in 2024, there has been a significant improvement. In the fourth quarter of 2024, the revenues were $185.993 million, net income was $22.336 million, and adjusted net income was $28.779 million. Adjusted EBITDA for the same period in 2024 was $73.779 million, with an adjusted EBITDA margin of 39.7%. This shows a clear upward trajectory in the company's financial performance.
The company's President and CEO, Joe Bob Edwards, highlighted the strong fourth quarter, emphasizing the consistent execution and differentiated growth across both operating segments in a dynamic market environment. He also mentioned the company's focus on disciplined capital allocation and the generation of meaningful free cash flow, which enabled them to reduce leverage to levels below where they stood prior to their asset transaction in August.
In terms of segment information, Flowco reported its results in two segments * Production Solutions and Natural Gas Technologies. The Production Solutions segment saw a 1.5% increase in revenue from the third quarter of 2025, with adjusted segment EBITDA increasing by 4.0% quarter over quarter. The Natural Gas Technologies segment experienced a 35.9% increase in revenue from the third quarter of 2025, with adjusted segment EBITDA increasing by 18.4% quarter over quarter.
The company also provided a financial summary for the year ended December 31, 2025. The revenues for the year were $759.719 million, with a net income of $131.655 million and an adjusted net income of $148.802 million. The adjusted EBITDA for the year was $311.737 million, with an adjusted EBITDA margin of 41.0%.
Flowco's robust liquidity was highlighted, with approximately $579.6 million of availability under its revolving credit facility as of February 20, 2026. Additionally, the company declared a quarterly cash dividend of $0.08 per share in January 2026.
Furthermore, Flowco announced its agreement to acquire Valiant Artificial Lift Solutions, aiming to expand its artificial lift capabilities and strengthen its ability to deliver the right solution for its customers in each well, every time.
Following these announcements, the company's shares moved 2.72%, and are now trading at a price of $20.41. For the full picture, make sure to review Flowco's 8-K report.
