Strong Operational and Financial Execution
Flowco delivered adjusted EBITDA of $76.8 million, exceeding expectations, with a 382 basis point expansion in adjusted EBITDA margin quarter-over-quarter.
High-Margin Rental Portfolio Growth
Rental revenue increased to $107 million from $102 million last quarter, with a strategic shift towards high-margin rental portfolio, particularly high-pressure gas lift and vapor recovery systems.
Successful Asset Integration
Integration of 155 high-pressure gas lift and vapor recovery systems completed successfully, strengthening relationships with blue-chip customers and enhancing margin profile.
Reduction in Corporate Costs
Third quarter corporate expenses decreased to $3.8 million from $4.3 million in the second quarter, reflecting lower third-party professional service costs.
Positive Market Outlook
Flowco anticipates continued resilience and strong free cash flow generation across sales business units, with the rental fleet delivering consistent, predictable performance.