Flowco Holdings Inc. has reported its financial results for the first quarter ending March 31, 2025. The company achieved revenues of $192.4 million, an increase from $185.993 million in the previous quarter ending December 31, 2024, and a significant rise from $66.712 million in the same period last year. Net income for the first quarter of 2025 was $27.0 million, up from $22.336 million in the previous quarter and $17.185 million in the first quarter of 2024. Adjusted Net Income stood at $32.8 million, compared to $28.779 million in the previous quarter and $17.574 million in the same period last year. Additionally, Adjusted EBITDA was reported at $74.9 million, showing growth from $73.779 million in the previous quarter and $34.226 million in the first quarter of 2024. The Adjusted EBITDA Margin was 38.9%, a slight decrease from 39.7% in the previous quarter and a more substantial decline from 51.3% in the same quarter of the previous year. In operational updates, Flowco's Board of Directors declared a quarterly cash dividend of $0.08 per share in May 2025. The company maintains a robust balance sheet, with $547.4 million available under its revolving credit facility as of May 9, 2025. Flowco continues to focus on its strategic initiatives in production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.
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