Flowco Holdings Inc. FLOC
We are incorporated under the laws of the state of Delaware, and our common stock is listed on the New York Stock Exchange ("NYSE") under the trading symbol "FLOC." Our operations are located in the U.S. Our corporate headquarters are located at 1300 Post Oak Blvd., Suite 450, Houston, Texas 77056.
We are a leading provider of production optimization, artificial lift and emissions management and monetization solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies. Our core technologies include high pressure gas lift ("HPGL"), conventional gas lift, plunger lift and vapor recovery unit ("VRU") solutions, all of which are overlaid by our proprietary digital technologies and solutions that enable real-time remote monitoring and control to maximize efficiencies for our products and services. These products and services, including proprietary technologies such as HPGL, which was pioneered by Estis, hold, in their respective categories, leading positions in growing markets, and are used extensively by the largest oil and natural gas producers primarily in the U.S.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $341.8M | $258.6M | $74.5M | $28.4M |
| Cost of revenue | $346.6M | $264.4M | $104.8M | $55.5M |
| Gross profit | -$4.8M | -$5.8M | -$30.3M | -$27.1M |
| SG&A | $118.6M | $62.5M | $15.2M | $14.2M |
| Operating income | $149.0M | $116.7M | $78.3M | $42.7M |
| Interest expense | $18.9M | $32.3M | $19.0M | $9.3M |
| Pre-tax income | $130.8M | $81.4M | $58.5M | $33.0M |
| Income tax | $842.0K | $1.2M | $379.0K | $283.0K |
| Net income | $41.4M | $80.2M | $58.1M | $32.7M |
| EPS, basic | 1.53 | 10.41 | 11.39 | 32,729.00 |
| EPS, diluted | 1.24 | 10.41 | 11.39 | 32,729.00 |
| Shares, diluted (wtd. avg.) | 90.7M | 7.7M | 5.1M | 1,000 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $4.5M | $4.6M | $0 | $0 |
| Receivables | $100.5M | $120.4M | — | — |
| Inventory | $149.6M | $151.2M | — | — |
| Total current assets | $260.2M | $286.1M | — | — |
| Property, plant and equipment | $797.5M | $702.6M | — | — |
| Goodwill | $249.7M | $249.7M | $2.2M | — |
| Other intangibles | $273.4M | $302.5M | — | — |
| Total assets | $1.65B | $1.59B | — | — |
| Accounts payable | $22.8M | $31.3M | — | — |
| Short-term debt | $0 | $0 | — | — |
| Total current liabilities | $78.0M | $87.8M | — | — |
| Long-term debt | $167.8M | $635.9M | — | — |
| Total liabilities | $288.4M | $749.8M | — | — |
| Retained earnings | $159.3M | $0 | — | — |
| Total equity | $228.6M | $0 | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $294.4M | $179.4M | $81.9M | $66.6M |
| Depreciation and amortisation | $101.0M | $67.5M | $40.2M | $32.4M |
| Stock-based compensation | $11.0M | $992.0K | $85.0K | $493.0K |
| Capital expenditure | $127.3M | $90.5M | $43.5M | $107.0M |
| Investing cash flow | -$199.8M | -$94.4M | -$42.7M | -$106.9M |
| Financing cash flow | -$94.7M | -$80.3M | -$39.2M | $40.4M |
| Buybacks | $15.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-294704.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $28.4M | $74.5M | $258.6M | $341.8M |
| Gross profit | -$27.1M | -$30.3M | -$5.8M | -$4.8M |
| Net income | $32.7M | $58.1M | $80.2M | $41.4M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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