Flowco reports Q3 EPS 32c, consensus 30c

Reports Q3 revenue $175.9M, consensus $189.84M. Joe Bob Edwards, President and CEO, commented, “Flowco (FLOC) delivered another quarter of solid operational and financial execution, with incremental Adjusted EBITDA growth, continued margin expansion, and strong free cash flow generation. Since becoming a public company, we have achieved consecutive quarterly growth in Adjusted EBITDA while expanding margins, underscoring the resiliency of our financial model and the operating leverage we are realizing across the business. Our performance reflects a shift toward our high-margin rental portfolio, which is growing through targeted investment and incremental customer demand for high-pressure gas lift and vapor recovery systems. The integration of the assets from our recent transaction has progressed smoothly-driving improved profitability and strengthening our position in high-margin, electric-drive rental systems.”