Flowco Holdings Inc. Declares Quarterly Cash Dividend
HOUSTON--(BUSINESS WIRE)--Flowco Holdings Inc. (NYSE: FLOC) ('Flowco' or the 'Company'), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of Class A common stock payable on May 28, 2025 to Class A common stockholders of record as of the close of business on May 14, 2025. Flowco MergeCo LLC, the Company's operating subsidiary, will make a corresponding distribution of $0.08 per unit to holders of its common units.
'I'm pleased to announce our first quarterly dividend, reinforcing our confidence in the Company's long-term strategy and strong financial position,' said Joe Bob Edwards, Chief Executive Officer of Flowco. 'We are committed to delivering value to our shareholders while also continuing to invest in the future growth of the company.'
While Flowco currently intends to continue paying regular quarterly cash dividends, the declaration, timing and amount of any future dividend is subject to the discretion and approval of the Company's Board of Directors and will depend on a number of factors, including the Company's results of operations, cash flows, financial position, capital requirements, restrictions under the Company's existing credit agreement and the requirements of applicable law.
About Flowco
Flowco is a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. The company's products and services include a full range of equipment and technology solutions that enable oil and natural gas producers to efficiently and cost-effectively maximize the profitability and economic lifespan of their assets. For more information on Flowco, visit https://ir.flowco-inc.com.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release may be forward-looking statements. These statements generally relate to future events or our future financial or operating performance, and include, but are not limited to: statements regarding guidance or estimates related to the Company's results of operations or financial condition; industry trends, customer demand and industry outlook, and effects on Flowco's operations; Flowco's strategies and plans, including matters relating to the Company growth, capital expenditures, dividend policies, and leverage profile. When used in this press release, words such as 'expect,' 'project,' 'estimate,' 'believe,' 'anticipate,' 'intend,' 'plan,' 'seek,' 'forecast,' 'target,' 'predict,' 'may,' 'should,' 'would,' 'could,' and 'will,' the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Flowco believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These risks and uncertainties are described further in Item 1A under the heading 'Risk Factors' and elsewhere in our annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission. Flowco undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
11 minutes ago
- Associated Press
NDP MPP Lise Vaugeois to Join WSIB Strike Picket Line in Thunder Bay
THUNDER BAY, Ontario--(BUSINESS WIRE)--Jun 9, 2025-- NDP MPP for Thunder Bay–Superior North, Lise Vaugeois, Shadow Minister for Seniors and Accessibility, with responsibility for WSIB and Injured Workers, will join the picket line at 605 Sibley Drive on Monday, June 9, 2025, in support of 3,600 striking WSIB workers represented by the Ontario Compensation Employees Union (OCEU/CUPE 1750). OCEU/CUPE 1750 members, have spent over two weeks on strike, are calling for fair wages, safer workplaces, and an end to the outsourcing of Ontario jobs to U.S.-based firms. The picket line will run from 9:00 a.m. to noon, with MPP Vaugeois expected to arrive at 10:00 a.m. to deliver remarks. 'Instead of listening to injured workers and front-line employees, WSIB management and the Ford government decided to shut them out and contract out critical services to the US. Now injured workers are paying the price with delays and backlogs while employers pocket millions in unjustified rebates. Ontarians deserve better,' said Lise Vaugeois, MPP for Thunder Bay–Superior North. 'This is the sixth time I've publicly stood with CUPE 1750, and I continue to call on WSIB management to return to the table and deliver a fair deal that respects staff and ensures injured workers get the support they deserve.' Since the strike began, MPP Vaugeois has been a vocal advocate at Queen's Park, raising workers' concerns in the legislature and pressing the Ford government to address the ongoing WSIB crisis. 'MPP Vaugeois has been an incredible ally, bringing our picket lines into Queen's Park and hammering the government on our behalf,' said Harry Goslin, President of OCEU/CUPE 1750. 'It's a great pleasure to now have her join us on the line in person. Her support means a great deal to our members in Thunder Bay and across Ontario.' OCEU/CUPE 1750 members continue to face chronic understaffing, stagnant wages, and growing pressure to outsource essential public services. The union is calling on the Ford government and WSIB leadership to invest in frontline workers and protect good, unionized jobs in Ontario. mb/cope491 View source version on CONTACT: For more information, or to arrange an interview with a spokesperson, please contact: Bill Chalupiak CUPE Communications Representative [email protected] 416-707-1401 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT LABOR SOURCE: Canadian Union of Public Employees Copyright Business Wire 2025. PUB: 06/09/2025 06:06 AM/DISC: 06/09/2025 06:05 AM
Yahoo
16 minutes ago
- Yahoo
Great News for Boeing Investors
The narrative around Boeing stock continues to improve. Keeping the 777X on track for first delivery in 2026 is a key aim for Boeing. There are real signs of improvement at Boeing under Kelly Ortberg. 10 stocks we like better than Boeing › Boeing (NYSE: BA) received some positive commentary over a critical issue for its future. At a recent International Air Transport Association (IATA) summit, the president of Emirates airline, Tim Clark, made positive comments on the new widebody 777X, which should reassure investors that Boeing is on the right track under CEO Kelly Ortberg. Here's why. According to a Reuters article, Clark stated that Emirates had been informed it would receive its first 777X in the second half of 2026 or the first quarter of 2027. In addition, he declared himself "cautiously optimistic" over the turnaround at Boeing and noted progress at the aerospace giant. These are just comments. However, they matter, and particularly so when they come from the head of one of the largest international airlines in the world, Emirates. In addition, while Lufthansa is set to receive the first 777X in 2026, Emirates is, by some distance, the largest customer for the 777X at present. The airline has 205 unfilled orders for the 777X, followed by 97 unfilled orders from Qatar Airways, with Singapore Airlines a distant third with 31. The 777X is also pivotal to Boeing's future. The new widebody is larger and has a more extended range than Boeing's 787 Dreamliner and will service the high-demand long-haul international travel market. Generally, Airbus is considered the leader in the narrowbody market, while Boeing holds the lead in the widebody market. That said, Airbus has surpassed Boeing in the widebody market in recent years, partly due to quality control issues with the 787 and ongoing, costly delays on the Boeing 777X. Simply put, Boeing needs to keep the 777X on track, not least because airlines are likely to be more hesitant in placing orders when they see continued delivery delays. Furthermore, the delays are extremely costly, in terms of charges, and tying up capital in inventory that won't be utilized until deliveries take place. The 777X was initially intended to have its first delivery in 2020, and the subsequent delays to that timeline have proved embarrassing and costly for Boeing. In its fourth-quarter 2020 earnings report, Boeing recorded a $6.5 billion pre-tax charge on the program and informed investors that the first 777X delivery would occur in late 2023. Last October, Boeing announced a $2.6 billion charge, followed by a further $900 million charge in January. These charges total at least $10 billion. Furthermore, Boeing has inventory tied up in the program, and it's incurring increased research and development costs, with an increase of $525 million in 2023 and $435 million in 2024. Stemming the flow of these charges and losses would be a significant plus; that's why keeping to the revised 2026 target for first delivery is so important. It also counts because it discourages airlines from canceling orders and encourages them to place new orders. Suppose Boeing can demonstrate that it can deliver the first 777X in 2026 and effectively ramp up production thereafter. In that case, airlines can begin to build capacity assumptions based on having 777Xs in service at a given time. As previously discussed, the three key things investors need to see from Boeing are a satisfactory ramp-up in production on the 737 MAX (to an initial 38 a month), a return to profitability for Boeing Defense, Space & Security (BDS), and keeping the 777X on track. With Boeing making tangible progress on the 737 MAX (management expects to reach a 38-month rate soon), and BDS returning to profitability in the first quarter, the positive commentary on the 777X suggests Ortberg is achieving Boeing's three biggest aims in 2025. That's something likely to support the stock price as it moves through the year. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Great News for Boeing Investors was originally published by The Motley Fool
Yahoo
18 minutes ago
- Yahoo
5 Major Social Security Mistakes Boomers Can't Stop Making
Retirement planning is both complicated and high-stakes — a recipe for mistakes with major financial consequences. And sure enough, Business Insider reported that more than half of Americans over 65 earn less than $30,000 a year. As you plan your own retirement, watch out for these Social Security mistakes plaguing current baby boomers. Check Out: Read Next: Too many people reach their early 60s and think: 'I've been paying into the system for decades, I need to lock in my share!' Unfortunately, that leaves them with far lower lifetime benefits than if they'd waited. 'Filing early means locking in a permanent reduction in benefits, up to 30% if your full retirement age is 67,' explained Christine M. Parisi, senior wealth advisor at R.W. Rogé & Company. If you take benefits at age 62, you receive just 70% of your full retirement benefit. At 67, you collect 100%. Wait until 70, and you receive 124% of your full Social Security benefit. Learn More: Plan to continue working for a while? Hold off on taking Social Security — and not just to secure higher benefits. 'If your earnings exceed the annual limit, the Social Security Administration may withhold $1 in benefits for every $2 you earn over the threshold,' Parisi added. 'Benefits can also push your income higher for Medicare-related costs like IRMAA, meaning you could end up paying more in premiums.' Plus, combining your salary with Social Security can push you into a higher tax bracket. You can end up handing much of that money right back to Uncle Sam. If one spouse earned significantly higher income, or worked for many years longer, their benefits will be higher. Plan to optimize those, perhaps by having that spouse delay benefits while the family lives on earned income or distributions from retirement accounts before taking benefits. Parisi noted that different rules apply to surviving spouses. 'If your late spouse worked long enough to qualify for Social Security, you may be able to start collecting survivor benefits as early as age 60. Unfortunately, many don't realize this is even an option until it's too late.' First and foremost, when you planned your retirement income, did you account for taxes? You'll still owe income taxes in retirement, at least under current tax laws. 'A portion of Social Security benefits are taxable, up to 85%, based on your provisional income,' said Keith Hensley of Florida Financial Planning. Many states tax Social Security benefits as well. The upshot? You may need more money saved for retirement than you thought. Again, you may be better off working another year and delaying Social Security benefits. It may not be too late for a Roth conversion to make sense. If you have a year with lower income, consider taking the tax hit and converting some of your traditional retirement funds to Roth accounts, so they can compound tax-free and you can avoid paying taxes on withdrawals in retirement. If Social Security is your only — or your primary — plan for retirement income, expect stormy seas ahead. William Connor, CFA and CFP with Sax Wealth Advisors, added some historical context. 'Social Security was created as a safety net for older Americans. It was not designed as a primary source of retirement income, and won't replace your working income.' Instead, combine it with other sources of income such as retirement accounts, health savings accounts (HSAs), taxable brokerage accounts, real estate investments and perhaps part-time fun working gigs. The less you rely on Social Security income, the more comfortable and secure your retirement will be. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on 5 Major Social Security Mistakes Boomers Can't Stop Making Sign in to access your portfolio
