Flowco Holdings Inc.FLOC
▼ NegativeCapitalrelevance
EPS missed consensus despite revenue beat
Impact on stocks 1
Energy
Flowco Holdings Inc.Flowco Holdings Q2 revenue beats estimates but EPS misses
Earnings
Flowco Holdings Inc. reported second-quarter revenue of $235.86 million, edging past the Zacks Consensus Estimate of $234.57 million, while earnings per share of $0.36 fell short of the $0.37 consensus. Revenue rose 22.1% year-over-year, driven by a 33.2% jump in Production Solutions revenue to $170.88 million, which exceeded the $165.15 million analyst forecast. Natural Gas Technologies revenue came in at $64.98 million, below the $69.55 million estimate and flat compared to a year ago. Adjusted segment EBITDA for Production Solutions was $71.02 million, beating the $68.12 million estimate, while Natural Gas Technologies adjusted EBITDA of $27.76 million missed the $28.94 million forecast.
Flowco Holdings Inc.EPS missed consensus despite revenue beat