Total revenues for the year ended December 31, 2025, increased by 42% to $759.7 million, up from $535.3 million in 2024. Net income for 2025 rose by 64% to $131.7 million, compared to $80.2 million in 2024. Net cash provided by operating activities increased by $115.0 million to $294.4 million in 2025, up from $179.4 million in 2024. The company completed its Initial Public Offering (IPO) on January 15, 2025, raising $461.8 million in net proceeds. A significant portion of IPO proceeds, $440.0 million, was used to repay outstanding borrowings under the Credit Agreement, substantially lowering outstanding debt and interest expense. Long-term debt decreased from $635.9 million as of December 31, 2024, to $167.8 million as of December 31, 2025. Flowco Holdings acquired 155 HPGL and VRU systems from Archrock, Inc. for $71 million in cash on August 1, 2025, expanding its artificial lift and vapor recovery capabilities. The Board of Directors authorized a $50 million share repurchase program in June 2025, under which 953,229 shares of Class A common stock were repurchased and retired for $15.0 million in 2025. Quarterly cash dividends of $0.08 per share on Class A common stock have been paid since May 2025. Material weaknesses in internal control over financial reporting were identified, including an ineffective control environment, issues with period-end financial reporting, controls over non-routine transactions, and IT general controls; remediation efforts are underway. As of December 31, 2025, Flowco Holdings owned a 32.4% economic interest in Flowco LLC, while continuing equity owners held 67.6%.