Flowco Q2 revenue slightly beats estimates on customer demand
FLOC•Outlook
- Company says it continues to see consistent customer demand in North America
- Flowco expects its technology portfolio and cash flow to support long-term value creation
Overview
- Oil and gas production optimization firm's Q2 revenue slightly beat analyst expectations
- Adjusted net income for Q2 missed analyst expectations
- Company declared both quarterly and special cash dividends for Class A shareholders
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $235.90 mln | $235.17 mln (8 Analysts) |
| Q2 EPS | $0.28 | ||
| Q2 Adjusted Net Income | Miss | $34.30 mln | $34.84 mln (4 Analysts) |
| Q2 Net Income | $30.90 mln | ||
| Q2 Adjusted EBITDA | Beat | $93.90 mln | $92.27 mln (9 Analysts) |
| Q2 Adjusted EBITDA Margin | 39.80% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
