Flowco reports Q2 EPS 21c, consensus 32c

Reports Q2 revenue $193.22M, consensus $191.24M. Joe Bob Edwards, President and CEO, commented, “Flowco (FLOC) delivered strong second-quarter results, with sequential improvements in both Adjusted EBITDA and Adjusted EBITDA Margins, while generating robust free cash flow. These results emphasize our differentiated financial profile and the disciplined operational execution of our business segments. Growth in our high-margin rental divisions was a key driver, supported by increased customer adoption and strategic investments in our rental fleet. On August 4th, we announced the completion of the acquisition of 155 High Pressure Gas Lift and Vapor Recovery systems from Archrock. We believe these assets will accelerate the growth of our high-margin rental businesses, increase our fleet of electric motor drive systems, and strengthen relationships with both new and existing customers.”