Pro Forma Revenue Growth
Flowco achieved a 10% increase in pro forma revenue in 2024 compared to 2023, while U.S. oil production grew only 2% to 3%.
Strong Adjusted EBITDA Performance
Fourth-quarter consolidated adjusted EBITDA was $73.8 million, showcasing strong execution in business segments, with margins increasing by 50 basis points.
Successful IPO and Debt Reduction
Flowco executed a successful IPO in January 2025, using proceeds to pay down borrowings, reducing revolving credit facility debt to $195.7 million with availability of $527.7 million.
Growth in Production Solutions Segment
Production Solutions revenue was $113.3 million in Q4, with adjusted segment EBITDA of $49.9 million, showing increases of 1.5% and 5.2% respectively from the third quarter.