Flowco Holdings reported a 46% year-over-year increase in third-quarter revenue Wednesday as demand for oil-and-gas production equipment and services strengthened across both of its operating segments.

The Houston-based company said revenue totaled $258.6 million for the quarter ended September 30, compared with $176.9 million a year earlier. Net income rose to $40.7 million from $34.3 million.

Adjusted earnings before interest, taxes, depreciation and amortization increased to $103.9 million from $76.8 million. The adjusted EBITDA margin was 40.2%, down from 43.4% a year earlier. Adjusted figures exclude specified costs and should be considered alongside the company's standard accounting results.

Production Solutions revenue reached $178.6 million, up from $125.6 million a year earlier. The segment supplies artificial-lift and related production equipment, including high-pressure gas lift and electric submersible pumps.

Natural Gas Technologies revenue increased to $80.0 million from $51.3 million. That business supplies vapor-recovery and natural-gas systems used in energy production.

Flowco generated $103.1 million in operating cash flow during the quarter and reported $72.4 million in free cash flow. It said approximately $365 million remained available under its revolving credit facility as of October 30.

The company completed its acquisition of Lifting Solutions after the quarter ended. Management said the deal expands Flowco's international presence and supports additional equipment sales in Venezuela and the Middle East. Acquisition integration and overseas expansion carry execution, regulatory and market risks.

Flowco's board increased its existing share-repurchase authorization by $150 million in November, bringing total authorization to $200 million. The company also approved a quarterly dividend of 9 cents per Class A share in October.

The results offer a snapshot of spending by U.S. oil-and-gas producers seeking to increase output from existing wells. Management said operators' focus on returns from existing assets was supporting demand, while part of the quarter's growth reflected accelerated revenue from the release of certain rental systems.

Flowco did not present the quarter as evidence of a broader change in oil prices or drilling activity. Its performance remains exposed to commodity markets, customer capital budgets and the timing of equipment deployments.

Source: - Flowco Holdings, “Flowco Holdings Inc. Reports Third Quarter 2026 Results,” Nov. 4, 2026