Quarterly ResultMay 6, 2026, 04:38 PM
Flowco Holdings Q1 Revenue +8.9% to $209.5M; Net Income +20.6%
AI Summary
Flowco Holdings Inc. reported a strong first quarter for 2026, with total revenues increasing by 8.9% to $209.5 million and net income attributable to the company rising by 20.6% to $7.4 million. The company also completed the Valiant acquisition, involving a net cash outlay of $161.8 million, and saw a significant increase in cash and cash equivalents. Net cash provided by operating activities also improved substantially, increasing 85.0% to $78.7 million.
Key Highlights
- Total revenues for Q1 2026 increased 8.9% to $209.5 million.
- Net income attributable to Flowco Holdings Inc. rose 20.6% to $7.4 million.
- Basic EPS was $0.24, while diluted EPS was $0.23 for the quarter.
- Net cash paid for the Valiant acquisition was $161.8 million.
- Net cash provided by operating activities increased 85.0% to $78.7 million.
- Long-term debt, net, increased to $328.0 million as of March 31, 2026.
- Cash and cash equivalents increased to $17.3 million from $4.5 million.