Flowco Holdings Inc Class A ( (FLOC) ) has released its Q4 earnings. Here is a breakdown of the information Flowco Holdings Inc Class A presented to its investors.
Flowco Holdings Inc., a provider of production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry, has released its financial results for the fourth quarter and full year of 2024. The company operates in the energy sector, offering innovative technologies that enhance oil and gas production efficiency.
In its recent earnings report, Flowco Holdings Inc. highlighted a successful initial public offering (IPO) in January 2025, raising $461.8 million, which was primarily used to reduce borrowings. The company also reported significant investments in surface equipment and vapor recovery rental fleets, alongside the introduction of new technologies like the electric multi-well high pressure gas lift unit.
Financially, Flowco reported pro forma revenues of $733.3 million for 2024, marking a 10% increase from the previous year. The fourth quarter alone saw revenues of $186 million, with a net income of $22.3 million and an adjusted EBITDA of $73.8 million, reflecting a strong EBITDA margin of 39.7%. The Production Solutions segment showed a slight revenue increase, while the Natural Gas Technologies segment experienced a revenue decline due to project completions.
Looking ahead, Flowco’s management remains optimistic about 2025, planning to continue strategic investments while maintaining capital discipline. The company expects growth driven by resilient cash flows from production-oriented customer expenditures, supported by a stable U.S. production outlook.