
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


Business Wire
an hour ago
- Business Wire
Phenom Named Strategic Leader in Fosway 9-Grid™ for Talent Acquisition Fifth Consecutive Year
LONDON--(BUSINESS WIRE)-- Phenom, an applied AI company specialising in human resources, has been named a Strategic Leader in the 2025 Fosway 9-Grid™ for Talent Acquisition for the fifth year in a row. Phenom is the first Strategic Leader across all previous Talent Acquisition 9-Grids™ to receive the 'Excelling' trajectory assessment for two consecutive years — a distinction that underscores the company's accelerating innovation and market performance. 'Phenom is the first Strategic Leader across all previous Talent Acquisition 9-Grids™ that has been assessed as 'Excelling' in Trajectory for two consecutive years,' said Dr. Sven Elbert, Lead Analyst for Talent Acquisition, Fosway Group. Share Fosway Group evaluates vendors based on performance, potential, market presence, total cost of ownership, and trajectory. Phenom's position as a Strategic Leader reinforces its role in solving complex talent acquisition challenges — from attracting and engaging candidates to converting them into hires — by delivering AI, automation, and connected insights that drive real customer outcomes. 'Phenom is the first Strategic Leader across all previous Talent Acquisition 9-Grids™ that has been assessed as 'Excelling' in Trajectory for two consecutive years,' said Dr. Sven Elbert, Lead Analyst for Talent Acquisition, Fosway Group. 'With a focus on innovation and potential to serve enterprise customers effectively, Phenom continues to accelerate its performance and potential compared to both itself previously, as well as the wider market as a whole.' Built for Depth, Impact and Scalability Designed to meet the use case, compliance requirements, and complexity of global organisations, Phenom's integrated approach delivers deep functionality with AI and automation that addresses talent acquisition needs within the context of the organisation's greater goals. Phenom's pioneering 'Levels of automation' framework provides guided pathways for AI adoption, allowing organisations to start where they're comfortable and gradually advance their AI maturity — from basic automation to fully autonomous processes. This focus enables faster adoption, higher ROI and real-time alignment between hiring teams and business goals. Phenom's AI-driven platform ensures that every feature works together seamlessly to accelerate hiring, improve decision-making and deliver better experiences throughout the talent lifecycle. AI Innovation Driving Measurable Results Phenom continues to advance the industry's most comprehensive AI-powered Talent Experience platform. With innovations in Generative and Agentic AI for sourcing and screening to engaging and interviewing, Phenom is enabling employers to attract and hire talent more efficiently. Global customers have: 'Being recognised as the only Strategic Leader to achieve this level of momentum two years in a row — especially in a year that spotlights AI's role in talent acquisition — reflects how quickly and meaningfully our platform is advancing,' said Joanna Keel, Product Marketing Manager at Phenom. 'For TA teams, it means they can rely on Phenom to not only meet today's hiring demands, but also adapt to what's next with tools that reduce manual work, improve decision-making and create better experiences across the board.' Breakthrough AI for Every Talent Acquisition Challenge Seamlessly integrated with Phenom's award-winning Talent CRM and talent marketing capabilities, the platform's AI innovations enhance every stage of the hiring journey with automation and personalisation. These capabilities help teams move faster, reduce effort, and hire with confidence: Comprehensive talent relationship management with intelligent candidate recommendations, fit scoring, automated workflows, and personalised engagement campaigns Advanced sourcing and outreach using X+ Source to identify and engage quality candidates at scale AI-powered screening and interview tools that improve decision-making, reduce bias, and provide real-time insights Intelligent workflow automation for scheduling and candidate engagement Flexible hiring support for contingent workers, events, and executive recruitment scenarios In addition to a strong European presence, more than 700 companies around the world are successfully adopting Phenom's Intelligent Talent Experience platform to help candidates find and choose the right job faster, employees develop their skills and evolve, recruiters become highly productive, talent marketers engage with extreme efficiency, talent leaders optimise hiring and onboarding processes, managers build stronger-performing teams, HR aligns employee development with company goals, and HRIT easily integrates existing HR tech to create a holistic infrastructure. To learn more about Phenom's leadership position, read the report. To learn why Phenom continues to receive industry accolades, request a demo. About Phenom Phenom has a purpose of helping a billion people find the right work. Through AI-powered talent experiences, employers use Phenom to hire and onboard employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, talent marketers, talent leaders, hiring managers, HR and HRIT — empowering diverse and global enterprises with innovative products including Phenom X+ Agentic AI and Generative AI, Career Site, Chatbot, CMS, Talent CRM, X+ Screening, Automated Interview Scheduling, Interview Intelligence, Talent Experience Engine, Campaigns, University Recruiting, Contingent Talent Hiring, Onboarding, Talent Marketplace, Workforce Intelligence, Career Pathing, Gigs, Mentoring, and Referrals. Phenom has earned accolades including: Inc. 5000's fastest-growing companies (5 consecutive years), Deloitte Technology's Fast 500 (4 consecutive years), 11 Brandon Hall 'Excellence in Technology' awards including Gold for 'Best Advance in Generative AI for Business Impact,' Business Intelligence Group's Artificial Intelligence Excellence Awards (3 consecutive years), The Cloud Awards 2025/2024, The A.I. Awards 2024, and a regional Timmy Award for launching and optimising (2020). Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.


Forbes
an hour ago
- Forbes
Wells Fargo Just Got Unshackled. What Next?
WASHINGTON, DC - MAY 31: A Wells Fargo logo is displayed on a sign at an ATM on May 31, 2025 in ... More Washington, DC. (Photo by) Wells Fargo (NYSE: WFC) stock has increased by 3% over the past week and is up nearly 9% year-to-date. The recent uptick follows the announcement from the U.S. Federal Reserve last week stating that Wells Fargo will no longer be bound by the $1.95 trillion asset cap enforced on the bank's operations due to its prolonged sales practices scandal. The Federal Reserve highlighted that Wells Fargo has made significant strides in rectifying its previous issues, especially in governance and risk management areas. The $1.95 trillion asset cap had compelled the bank to limit its lending and deposit acceptance, resulting in it falling considerably behind competitors like JPMorgan Chase, which currently holds over $4 trillion in assets. Consequently, Wells Fargo altered its strategy to concentrate on businesses that yield higher returns and are less capital-intensive, such as investment banking and advisory services. Although the cap restricted growth, it also motivated the bank to become leaner and more efficient, enhancing its emphasis on risk management and operational discipline. Now that the limitation is removed, Wells Fargo can expand its balance sheet and earnings by acquiring more commercial deposits, which offer less expensive and more stable funding sources that can lower overall capital costs. This could enable the bank to reinvest in areas that benefit from its larger balance sheet. Separately, if you are seeking upside potential with a more stable experience than an individual stock, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since inception. Wells Fargo's Q1 figures were mixed. Net income grew by 6% year-over-year to $4.89 billion, while revenue decreased by 3%. Net interest income, a measure of the earnings from lending activities, fell by 6% year-over-year to $11.50 billion. Noninterest income, which encompasses fees from investment banking, brokerage, and advisory services, rose by 1% to $8.65 billion compared to last year's $8.64 billion. The banking industry has generally adopted a cautious stance regarding the near-term outlook due to geopolitical uncertainties, the U.S. imposing tariffs on trading partners, and concerns about inflation. Fears of inflation have pushed Treasury yields higher, with the 10-year yield exceeding 4.40%, up from 4.01% in early April, while the yield on the 30-year bond stands just below 5%. This may yield mixed consequences for Wells Fargo. Rising rates and market fluctuations could negatively impact the investment banking sector, as these factors frequently result in delays in IPOs, mergers, and acquisition activities. However, on the lending front, higher yields increase the gap between what banks earn from loans and what they pay on deposits, generally improving net interest income and overall profitability, although they could also affect credit quality to some degree. We assess WFC stock to be worth around $71 per share, which is slightly under the current market valuation. Refer to Trefis' estimate for Wells Fargo's valuation.


Business Insider
an hour ago
- Business Insider
‘No Turnaround in Sight,' Says Wedbush About GameStop Stock
GameStop (NYSE:GME) is known for its fanbase of rabid retail investors, but the love is not one the company seems to reciprocate. For the past three years, the struggling video game retailer has failed to hold a conference call or provide guidance when releasing quarterly reports. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter With the company poised to report F1Q25 results tomorrow (June 10), Wedbush analyst Michael Pachter expects 'no improvement in their attitude toward investors.' But what about the actual results? For the quarter, Pachter expects net sales of $750 million, representing a 14.9% year-over-year drop, and EPS of $0.08. That compares to consensus expectations of $754 million and $0.04, respectively. Industry-wide, both hardware and software sales declined y/y, though software held up better thanks to a strong release lineup during the quarter. Hardware sales saw a sharp y/y downturn, largely because the PS5 and Xbox Series X/S have been on the market for several years now. However, Pachter expects hardware demand to rebound next quarter with the launch of the Switch 2. In Q1, profits should get a boost from a stronger software mix, while higher interest income – driven by recent share offerings – will help offset ongoing operating losses. Taking a leaf out of the MicroStrategy playbook, GameStop has also begun accumulating Bitcoin and now owns 4,710 BTC. That said, MicroStrategy trades at roughly 1.75 times the value of its Bitcoin holdings, indicating that investors assign it a premium beyond just its crypto assets. In comparison, GameStop trades at about 2.4 times the value of its cash, which now includes Bitcoin. This suggests investors are giving GameStop a similar kind of Bitcoin-related premium, even though its core retail business is being implicitly valued at just $8 per share. What Pachter finds 'baffling' is that GameStop's Bitcoin holdings are tiny compared to MicroStrategy's – just about 1% as much. Yet both stocks are receiving similar levels of crypto-related investor enthusiasm. While GameStop has seen some 'modest success' with its move into trading cards, Pachter thinks there's 'no potential for a rebound in GameStop's core business,' but that hasn't really mattered here. 'Despite a complete lack of an articulated strategy, GameStop has consistently been able to capitalize on the existence of 'greater fool' willing to pay more than twice its asset value for its shares—and so far, they've been right,' Pachter said. But in his view, GME shares are trading 'at a level that ignores the company's many challenges ahead.' As such, ahead of the print, Pachter rates GME shares an Underperform (i.e., Sell), along with a $13.5 price target, suggesting the shares will shed 54% of their value over the next year. (To watch Pachter's track record, click here) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.