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Business Wire
05-08-2025
- Business
- Business Wire
Flowco Holdings Inc. Reports Second Quarter 2025 Results
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 financial results for the second quarter ended June 30, 2025. Where presented, the financial results for 2024 represent periods (i) during which Flowco's operating subsidiary, Flowco MergeCo LLC ('Flowco LLC'), was a privately-owned limited liability company and (ii) prior to the completion of Flowco's initial public offering in January 2025. Historical financial information for the periods ended in 2024 reflects information for Flowco LLC, and historical financial information presented prior to June 20, 2024 reflects only the historical financial information of Estis Compression LLC ('Estis') as the accounting predecessor prior to the business combination of Estis, Flowco Production Solutions, LLC and Flogistix, LP and parent entities formed in connection with such business combination (the '2024 Business Combination'). Key Second Quarter 2025 Highlights Revenues of $193.2 million, generating net income of $27.4 million and Adjusted Net Income 1 of $33.0 million Adjusted EBITDA 1 of $76.5 million Adjusted EBITDA Margin 1 of 39.6% In August 2025, Flowco's Board of Directors declared a quarterly cash dividend of $0.08 per share Robust liquidity with approximately $496.5 million of availability under our revolving credit facility as of August 1, 2025, inclusive of the approximately $71 million drawn to fund the strategic asset acquisition from Archrock Financial Summary (1) Adjusted Net Income, Adjusted EBITDA, and Adjusted EBITDA Margin are non-GAAP financial measures. See definitions of these measures and the reconciliation of GAAP to non-GAAP financial measures outlined in the reconciliation tables accompanying this press release. Expand Joe Bob Edwards, President and CEO, commented, 'Flowco delivered strong second-quarter results, with sequential improvements in both Adjusted EBITDA and Adjusted EBITDA Margins, while generating robust free cash flow. These results emphasize our differentiated financial profile and the disciplined operational execution of our business segments. Growth in our high-margin rental divisions was a key driver, supported by increased customer adoption and strategic investments in our rental fleet. On August 4 th, we announced the completion of the acquisition of 155 High Pressure Gas Lift and Vapor Recovery systems from Archrock. We believe these assets will accelerate the growth of our high-margin rental businesses, increase our fleet of electric motor drive systems, and strengthen relationships with both new and existing customers. Despite global uncertainties and volatility in the second quarter, the upstream market continued to demonstrate resilience, supported by targeted investment. However, even with recent oil price stability, operators are further moderating activity levels as they seek to maintain capital discipline. As our customers assess the market outlook, we're seeing a continued emphasis on production optimization to maximize asset value and sustain volumes—driving steady demand for our solutions that enhance efficiency, reliability, and recovery. This trend has supported our incremental growth in a flat production environment. As we move into the second half of the year, we remain focused on disciplined execution, operational optimization, and high-return investments. We believe Flowco is strategically positioned to succeed in today's evolving energy landscape—delivering innovation, operational performance, and strong returns for our customers and shareholders.' Segment Information We report our results in two segments, Production Solutions and Natural Gas Technologies. Production Solutions includes the rental, sale and service associated with high pressure gas lift, conventional gas lift and plunger lift, including a range of digital solutions and other production related technologies. Natural Gas Technologies includes the design, manufacture, rental and sale of vapor recovery and natural gas systems. Corporate costs not directly related to either segment are categorized separately. (1) Adjusted Segment EBITDA and Adjusted Segment EBITDA Margin are non-GAAP financial measures. See definitions of these measures and the reconciliation of GAAP to non-GAAP financial measures outlined in the reconciliation tables accompanying this release. Expand Production Solutions Second quarter 2025 revenue for the Production Solutions segment increased 10.6% from the first quarter of 2025, and Adjusted Segment EBITDA increased 5.4% quarter over quarter for the same periods. The increase in revenue and Adjusted Segment EBITDA resulted from higher operating leverage and an increase in sales quarter over quarter. Adjusted Segment EBITDA Margin decreased 202 basis points due to a decrease in sales gross margin in the period. Natural Gas Technologies Second quarter 2025 revenue for the Natural Gas Technologies segment decreased 14.9% from the first quarter of 2025, primarily due to a decrease in sales in the Natural Gas Systems business unit. Adjusted Segment EBITDA decreased 4.4% quarter over quarter for the same periods, with Adjusted Segment EBITDA Margins increasing 463 basis points due to favorable revenue mix from rentals. Corporate Corporate Adjusted Segment EBITDA for the quarter ended June 30, 2025 was $(4.3) million, compared to $(4.4) million Corporate Adjusted Segment EBITDA in the quarter ended March 31, 2025. Balance Sheet & Liquidity As of August 1, 2025, the Company had outstanding borrowings under its senior secured revolving credit facility ('Credit Agreement') of $226.6 million and, with a current borrowing base of $723.1 million, had availability under the Credit Agreement of $496.5 million. Dividend Declaration On August 1, 2025, Flowco announced that its Board of Directors had declared a quarterly cash dividend of $0.08 per share of Class A common stock payable on August 29, 2025 to Class A common stockholders of record as of the close of business on August 15, 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. Conference Call and Webcast Information Flowco will host a conference call on Tuesday, August 5, 2025, at 8:00 am Eastern Time to discuss second quarter 2025 results. The conference call can be accessed live over the phone by dialing 1-877-704-4453 (for the U.S.) or 1-201-389-0920 (for International). A telephonic replay of the conference call will be available two hours after the call and can be accessed by dialing 1-844-512-2921 (for the U.S.) or 1-412-317-6671 (for International). The passcode for the call and replay is 13754621. A live webcast of the conference call will also be available under the Investor Relations section of Flowco's website at 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. 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 our annual report on Form 10-K for the year ended December 31, 2024 and our quarterly report for the period ended March 31, 2025 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. (1) The calculations of basic and diluted earnings per share and weighted average shares of common stock outstanding cover the periods after January 16, 2025, which are the periods following the Company's initial public offering and the related reorganization transactions, through the end of second quarter 2025. Expand Flowco Holdings Inc. Condensed Consolidated Balance Sheets As of June 30, 2025 December 31, 2024 (in thousands except share and per share amounts) Assets Current assets: Cash and cash equivalents $ 9,287 $ 4,615 Accounts receivable, net of allowances for credit losses of $1,526 and $1,169, respectively 122,768 120,353 Inventory 150,846 151,179 Prepaid expenses and other current assets 9,369 9,982 Total current assets 292,270 286,129 Property, plant and equipment, net 717,684 702,616 Operating lease right-of-use assets 16,775 19,480 Finance lease right-of-use assets 26,414 21,871 Intangible assets, net 287,176 302,522 Goodwill 249,692 249,692 Deferred tax asset 10,054 — Other assets 6,045 6,639 Total assets $ 1,606,110 $ 1,588,949 Liabilities, redeemable non-controlling interests and stockholders'/members' equity Current liabilities: Accounts payable $ 33,334 $ 31,321 Accrued expenses 30,244 33,829 Current portion of operating lease obligations 7,391 6,809 Current portion of finance lease obligations 13,076 7,837 Deferred revenue 5,923 8,002 Total current liabilities 89,968 87,798 Long-term liabilities: Long-term debt, net 167,051 635,916 Tax receivable agreement liability 12,484 — Operating lease obligations, net of current portion 9,624 12,739 Finance lease obligations, net of current portion 11,980 13,389 Total long-term liabilities 201,139 662,044 Total liabilities 291,107 749,842 Commitments and contingencies Redeemable non-controlling interests 1,164,654 — Members' equity: Members' equity — 839,107 Total members' equity — 839,107 Stockholders' equity: Class A common stock, $0.0001 par value – 300,000,000 shares authorized; 25,729,432 shares issued and outstanding as of June 30, 2025; no such shares authorized, issued or outstanding as of December 31, 2024. 3 — Class B common stock, $0.0001 par value – 150,000,000 shares authorized; 64,823,042 shares issued and outstanding as of June 30, 2025; no such shares authorized, issued or outstanding as of December 31, 2024. 6 — Additional paid-in capital 18,113 — Retained earnings 132,227 — Total stockholders' equity to Flowco Holdings Inc. 150,349 — Total liabilities, redeemable non-controlling interests and members'/stockholders' equity $ 1,606,110 $ 1,588,949 Expand Flowco Holdings Inc. Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2025 2024 (in thousands) Cash flows from operating activities Net income $ 54,397 $ 37,267 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 67,284 25,921 Provision for inventory obsolescence 1,274 727 Amortization of operating right-of-use assets 4,011 515 Amortization of deferred financing costs 674 200 (Gain) loss on sale of equipment 23 655 Gain on lease termination (263 ) — Share-based compensation 7,991 153 Provision for deferred income taxes 1,428 — Allowance for credit losses 941 388 Changes in operating assets and liabilities: Accounts receivable (3,356 ) (3,355 ) Inventory (941 ) (4,138 ) Prepaid expenses and other current assets 614 (1,338 ) Other assets and liabilities (66 ) — Accounts payable - trade 2,014 (3,882 ) Accrued expenses (6,695 ) (2,428 ) Deferred revenue (2,079 ) - Operating lease liabilities (3,591 ) (514 ) Finance lease liabilities 1,067 — Net cash provided by operating activities 124,727 50,171 Cash flows used in investing activities Additions to property, plant and equipment (63,620 ) (27,480 ) Proceeds from sale of property, plant and equipment 270 29 Net cash acquired in 2024 Business Combination — 3,088 Payment for capitalized patent costs (95 ) — Net cash used in investing activities (63,445 ) (24,363 ) Cash flows used in financing activities Issuance of Class A common stock in IPO, net of underwriting discount 461,803 — Payment of offering costs (2,458 ) — Payments on long-term debt (706,683 ) (51,480 ) Proceeds from long-term debt 237,817 62,556 Payments on finance lease obligations (5,663 ) (1,330 ) Proceeds on finance lease terminations 313 — Purchase of LLC Interests from Continuing Equity Owners (20,876 ) — Payment of debt issuance costs (13 ) — Distributions to members (18,792 ) (30,500 ) Dividend payments to FHI shareholders (2,058 ) — Net cash used in financing activities (56,610 ) (20,754 ) Net increase (decrease) in cash and cash equivalents 4,672 5,054 Cash and cash equivalents Beginning of period 4,615 — End of period $ 9,287 $ 5,054 Expand Non-GAAP Financial Measures In addition to our results determined in accordance with generally accepted accounting principles in the United States ('GAAP'), the Company uses non-GAAP financial measures, such as Adjusted Net Income, EBITDA and Adjusted EBITDA, as well as Adjusted Segment EBITDA and Adjusted Segment EBITDA Margin, in this press release to supplement financial information presented in accordance with GAAP. We believe that excluding certain items from our GAAP results provides management additional insight on the consolidated financial performance from period to period to project our future consolidated financial performance as forecasts are developed at a level of detail different from that used to prepare GAAP-based financial measures. Moreover, we believe these non-GAAP financial measures provide our management and investors with useful information to help them evaluate our operating results by facilitating an enhanced understanding of our operating performance and enabling them to make more meaningful period to period comparisons. There are limitations to the use of the non-GAAP financial measures presented in this press release. For example, our non-GAAP financial measures may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes. Non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The Company urges investors to review the reconciliation and not to rely on any single financial measure to evaluate our business. Adjusted Net Income Adjusted Net Income is a non-GAAP measure that we define as net income (loss) adjusted to eliminate the impact of (i) transaction-related expenses, (ii) share-based compensation, (iii) loss on the sale of equipment, (iv) loss on debt payments and (v) changes to the value of our inventory. Adjusted Net Income is a supplemental non-GAAP financial measure used by management, our stockholders and others to provide visibility on the profitability and financial strength of the Company by excluding certain expenses related to non-recurring Company transactions. Reconciliation from net income to Adjusted Net Income is set forth as follows: Expand (1) Represents the transaction-related expenses as part of the 2024 Business Combination and non-capitalizable IPO related costs, which were expensed as incurred and included in the consolidated statements of operations. (2) Reflects non-cash compensation expense for equity-based awards to our employees and non-employee directors for the periods presented. (3) Represents one-time charges related to termination benefits and related expenses, which includes one of our executive officers, and the costs associated with the re-purposing of one of our manufacturing facilities in Pampa, TX. (4) Reflects non-cash adjustment related to inventory fair value step-up from the 2024 Business Combination which has been included in cost of sales. Expand Adjusted EBITDA and Adjusted EBITDA margin We define EBITDA as net income, adjusted to exclude interest expense, provision for income taxes and depreciation and amortization. We define Adjusted EBITDA as EBITDA adjusted to exclude (i) share-based compensation expense, (ii) business combination-related expenses and (iii) other non-cash and non-recurring expenses. EBITDA and Adjusted EBITDA are key performance indicators we use in evaluating our operating performance and in making financial, operating and planning decisions. In particular, the exclusion of certain expenses in calculating EBITDA and Adjusted EBITDA provides additional visibility on operating performance across reporting periods by removing the effect of non-cash and/or non-recurring expenses. Accordingly, we believe that this measure provides useful information to our stockholders and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Reconciliation from net income to EBITDA and Adjusted EBITDA are set forth as follows: Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 (in thousands) Net income $ 27,352 $ 27,045 $ 20,082 Interest expense 6,445 5,365 5,506 Provision for income taxes (1) 3,880 2,648 173 Depreciation and amortization 33,165 34,119 14,209 EBITDA 70,842 69,177 39,970 Transaction related expenses (2) 6 493 — Share-based compensation expense (3) 1,670 4,962 — Non-recurring charges (4) 3,902 — — Loss on sale of equipment 68 (45 ) 266 Inventory valuation adjustments (5) — 314 — Adjusted EBITDA $ 76,488 $ 74,901 $ Expand (1) Previously issued non-GAAP information did not include provision for income taxes amounts as a reconciling item for the year ended December 31, 2023, as Texas margin tax was included within other expense in the previously issued consolidated statements of operations. In order to conform with current year's presentation, the Company reclassified Texas margin tax amounts from other expense into provision for income taxes, and consequently, have been included as a reconciling item to Adjusted EBITDA from net income for all periods presented above. (2) Represents the transaction-related expenses as part of the 2024 Business Combination and non-capitalizable IPO related costs, which were expensed as incurred and included in the consolidated statements of operations. (3) Reflects non-cash compensation expense for equity-based awards to our employees and non-employee directors for the periods presented. (4) Represents one-time charges related to termination benefits and related expenses, which includes one of our executive officers, and the costs associated with the re-purposing of one of our manufacturing facilities in Pampa, TX. (5) Reflects non-cash adjustment related to inventory fair value step-up from the 2024 Business Combination which has been included in cost of sales. Expand Adjusted Segment EBITDA and Adjusted Segment EBITDA Margin In addition to business segment profit or loss, our management also evaluates Adjusted Segment EBITDA, which is presented on a business unit level for purposes of allocating resources and evaluating operating and financial performance. As discussed above, the Company operates and manages its business units in the following two operating and reporting segments: Production Solutions: relates to rentals, sales and services related to high pressure gas lift, conventional gas lift and plunger lift. This segment includes rental, sales and service revenues. Natural Gas Technologies: relates to the design, manufacturing, rental, sale and servicing of vapor recovery and natural gas systems. This segment includes rental, sales, service revenues and methane abatement technology. We define Adjusted Segment EBITDA as segment net income, as adjusted in the same manner as defined for EBITDA and Adjusted EBITDA above. Reconciliation from segment net income, which includes direct segment costs but excludes corporate costs not directly related to either segment, to Adjusted Segment EBITDA is set forth as follows: Three Months Ended Production Solutions Net income $ 32,676 $ 29,032 $ 14,850 Interest expense 2,302 93 4,989 Provision for income taxes 53 211 92 Depreciation and amortization 18,192 19,614 12,487 EBITDA 53,223 48,950 32,418 Transaction related expenses (1) — — — Share-based compensation expense (2) — 1,280 — Non-recurring charges (3) — — — (Gain) loss on sale of equipment 120 46 266 Inventory valuation adjustments (4) — 314 — Adjusted Segment EBITDA 53,343 50,590 32,684 Natural Gas Technologies Net income $ 11,229 $ 11,632 $ 5,215 Interest expense 224 202 517 Provision for income taxes 29 112 81 Depreciation and amortization 14,967 14,499 1,722 EBITDA 26,449 26,445 7,535 Transaction related expenses (1) — — — Share-based compensation expense (2) — 2,308 — Non-recurring charges (3) 1,000 — — (Gain) loss on sale of equipment (52 ) (91 ) — Inventory valuation adjustments (4) — — — Adjusted Segment EBITDA 27,397 28,662 7,535 Corporate Net income $ (16,553 ) $ (13,619 ) $ 17 Interest expense 3,919 5,070 — Provision for income taxes 3,798 2,325 — Depreciation and amortization 6 6 — EBITDA (8,830 ) (6,218 ) 17 Transaction related expenses (1) 6 493 — Share-based compensation expense (2) 1,670 1,374 — Non-recurring charges (3) 2,902 — — (Gain) loss on sale of equipment — — — Inventory valuation adjustments (4) — — — Adjusted Segment EBITDA (4,252 ) (4,351 ) 17 Total Adjusted EBITDA $ 76,488 $ 74,901 $ 40,236 Expand (1) Represents the transaction-related expenses as part of the 2024 Business Combination and non-capitalizable IPO related costs, which were expensed as incurred and included in the consolidated statements of operations. (2) (3) Represents one-time charges related to termination benefits and related expenses, which includes one of our executive officers (Corporate), and the costs associated with the re-purposing of one of our manufacturing facilities in Pampa, TX (Natural Gas Technologies). Expand
Business Wire
04-08-2025
- Business
- Business Wire
Flowco Enhances High-Pressure Gas Lift and Vapor Recovery Fleet through Asset Acquisition
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 it has completed the acquisition of High-Pressure Gas Lift ('HPGL') and Vapor Recovery Unit ('VRU') systems from Archrock, Inc. ('Archrock'). The strategic transaction accelerates Flowco's growth in HPGL and Vapor Recovery and emphasizes its leadership in these technologies. Transaction Highlights: Acquisition of 155 HPGL and VRU systems for approximately $71 million in cash Addition of electric motor drive systems expands Flowco's fleet, enhancing its ability to serve operators focused on electrification and emissions reduction Purchase of high-margin, contracted assets at attractive valuation is accretive to key financial metrics, including free cash flow per share and earnings per share Enhances Flowco's Permian Basin presence while strengthening relationships with new and existing customers 'We are pleased to announce our first M&A transaction, delivering on our strategy to grow inorganically,' said Joe Bob Edwards, President and CEO of Flowco. 'This transaction underscores our disciplined approach to M&A—focusing on opportunities in production optimization at attractive valuations. These high-quality electric systems will integrate seamlessly into our fleet, delivering the uptime and efficiency our customers expect from us.' 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. 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 our annual report on Form 10-K for the year ended December 31, 2024 and our quarterly report for the period ended March 31, 2025 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.
Business Wire
15-07-2025
- Business
- Business Wire
Flowco Holdings Inc. to Announce Second Quarter 2025 Results on August 5, 2025
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 the Company will report its second quarter 2025 financial results on Tuesday, August 5, 2025 before the market opens, followed by a conference call the same day at 8:00 a.m. Eastern Time. The conference call can be accessed live over the phone by dialing 1-877-704-4453 (for the U.S.) or 1-201-389-0920 (for International). A telephonic replay of the conference call will be available two hours after the call and can be accessed by dialing 1-844-512-2921 (for the U.S.) or 1-412-317-6671 (for International). The passcode for the call and replay is 13754621. A live webcast of the conference call will also be available under the Investor Relations section of Flowco's website at 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.
Business Wire
17-06-2025
- Business
- Business Wire
Flowco Holdings Inc. to Participate at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference
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 the Company will participate at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference in New York City on June 24 th, 2025. The Flowco management team will also be hosting a fireside chat at 2:55 p.m. Eastern Time, and a live webcast will be accessible through the Investor Relations section of the Company's website at 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
Yahoo
12-06-2025
- Business
- Yahoo
Flowco Holdings Inc. Announces $50 Million Stock Repurchase Program
HOUSTON, June 12, 2025--(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 authorized a stock repurchase program for up to $50 million of the Company's Class A common stock. Joe Bob Edwards, President and Chief Executive Officer of Flowco, commented, "The approval of this share repurchase authorization by our Board of Directors reflects our shared confidence in Flowco's long-term value and underscores our belief in the strength of our business model, financial profile, and growth outlook. With strong free cash flow and a healthy balance sheet, we believe we have the flexibility to repurchase shares opportunistically—without compromising our ability to invest in growth or sustain our dividend." The repurchase program does not obligate the Company to repurchase any particular amount of shares and may be modified, suspended, or discontinued at any time. Purchases may be made in open-market transactions, privately negotiated transactions or by other means in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the stock repurchase program will depend on a variety of factors including price, trading volume, market conditions and corporate and regulatory requirements. 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 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's growth, capital expenditures, dividend policies, share repurchases 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. View source version on Contacts Investor Contact: Andrew Media Contact: Niki Sign in to access your portfolio
