Flowco Forecasts $93M-$99M Q4 EBITDA

The oilfield services company expects fourth-quarter 2026 adjusted EBITDA to fall within that range after completing the Lifting Solutions acquisition.

Updated on Nov. 5, 2026 in Corporate Finance

Flowco Holdings expects fourth-quarter 2026 adjusted EBITDA of $93 million to $99 million, following third-quarter adjusted EBITDA of about $104 million. The company also completed its Lifting Solutions acquisition, which broadens its artificial-lift offerings.

Why it matters

The forecast reflects both the company's strongest quarterly earnings since going public and the expected near-term impact of a systems issue in its Surface Equipment business. Investors will be watching whether the acquisition and redeployed equipment offset that disruption.

Flowco expects a $1 million to $3 million fourth-quarter impact from Surface Equipment systems and projects the Lifting Solutions business to contribute about $23 million in adjusted EBITDA in 2027. Its projected free cash flow conversion of about 50% compares with roughly 70% in the third quarter.

The players

Flowco Holdings

A publicly traded oilfield services company focused on artificial-lift and related equipment, which reported record third-quarter results and completed the Lifting Solutions acquisition.

The details

Flowco reported third-quarter adjusted EBITDA of about $104 million, its highest quarterly level since becoming a public company, and revenue rose 10% sequentially. The company completed the Lifting Solutions acquisition and plans to redeploy equipment to address the Surface Equipment systems impact.

Q3 2026: Adjusted EBITDA reached about $104 million.
Q4 2026: Company expects adjusted EBITDA of $93 million to $99 million.
2027: Lifting Solutions is expected to contribute about $23 million in adjusted EBITDA.
Mid-2027: Surface Equipment systems are expected to return to current levels.

Market Landscape

Flowco's acquisition of Lifting Solutions broadens its artificial-lift offerings, a segment where consolidation among oilfield service providers has been a recurring theme. The guidance suggests the company is using acquired capacity to offset a near-term operational disruption while building toward a larger post-IPO earnings base.

Investors tracking Flowco should weigh the company's projected drop from its record third-quarter EBITDA against its lower expected free cash flow conversion of about 50%. The Lifting Solutions contribution expected in 2027 could influence how the stock is valued as the year progresses.

The takeaway

Flowco's record third quarter sets a high bar, and its near-term guidance shows how a single operational issue can shift results even as acquisitions expand the business. Watching free cash flow conversion alongside EBITDA will show whether the company's earnings quality holds through the Surface Equipment recovery.

What happens next

Flowco is expected to report fourth-quarter 2026 results against its $93 million to $99 million adjusted EBITDA guidance, and the Surface Equipment systems are expected to return to current levels by mid-2027.