Flowco Holdings guided third-quarter adjusted EBITDA to a range of $92 million to $98 million, reflecting continued cost pressures from lubricants, fuel, and operations and maintenance. CEO Joseph Edwards said the wide range captures variability in the Downhole Components business, which now includes the recently acquired Valiant. The company reported second-quarter revenue of $236 million and adjusted EBITDA of $93.9 million, with Valiant performing ahead of expectations and integration substantially complete. CFO Jonathan Byers noted that cost headwinds are expected to persist into the third quarter and are embedded in the outlook. Flowco also announced a one-time special dividend of $0.14 per share to Class A shareholders, tied to its Up-C structure, and does not anticipate similar dividends in the future.
Flowco Holdings Inc.Cost pressures from lubricants, fuel, and O&M are expected to persist into Q3, weighing on EBITDA.
