Flowco Holdings Inc.

Flowco Broadens Production Optimization Portfolio Through Strategic Acquisition of Lifting Solutions

Flowco Holdings closed its acquisition of Lifting Solutions Energy Services for approximately US$113 million in cash, plus up to C$10 million in contingent consideration tied to 2027 performance. Lifting Solutions is an Edmonton-based manufacturer of continuous rod and progressing cavity pump technologies serving Canada, the U.S., the Middle East and other international markets. Flowco expects the deal to be accretive to earnings and free cash flow per share, funded via borrowings under its ABL facility, adding a Canadian and international platform with cross-sell opportunities.

•24d ago

FLOC: 10-Q · periodic report

Flowco Holdings reported Q2 2026 revenue of $235.9 million, up 22.1% from $193.2 million a year earlier, with consolidated net income of $30.9 million and diluted EPS of $0.28 versus $0.21 in Q2 2025. For the first six months of 2026, revenue reached $445.4 million and net income attributable to Flowco Holdings was $20.0 million, with operating cash flow of $173.9 million. Growth was driven largely by the Valiant Acquisition, which closed March 2, 2026: the company paid approximately $316.0 million ($283.1 million in cash plus 1,454,849 Class A shares) for Riverstone Oilfield Services and Equipment, parent of Valiant Artificial Lift Solutions, one of the largest private pure-play U.S. ESP providers. Valiant contributed $43.6 million of revenue and $9.3 million of net income from close through June 30, and the revolver-funded deal lifted long-term debt to $298.4 million from $167.8 million at year-end 2025. The company ended the quarter with $19.2 million in cash and owns 48.7% of the economic interests in Flowco LLC, while its Tax Receivable Agreement liability swelled to roughly $108.2 million from $22.0 million as Continuing Equity Owners exchanged 14.2 million Class B shares for Class A stock in the first half. Management declared a $0.09 per share dividend for the quarter and repurchased $16.5 million of Class A shares. Notably, Flowco disclosed an immaterial error in how LLC distributions were classified in prior statements, including the audited FY2025 financials, reclassifying up to $28.5 million between additional paid-in capital and retained earnings with no effect on net income, EPS, cash flows, or total equity.

SEC 10-Q•2mo ago

Flowco Holdings Inc. Reports Second Quarter 2026 Results

Flowco reported Q2 revenue of $235.9 million, up 22% year-over-year, with Adjusted EBITDA of $93.9 million and free cash flow of $49.8 million. The Board declared a quarterly dividend of $0.09 per share and a special dividend of $0.14 per share, underscoring strong cash generation. Management noted robust liquidity with $446 million available under its credit facility and continued strength in the Production Solutions segment.

•2mo ago

Flowco Holdings Inc. Announces Special Dividend

Flowco Holdings declared a one-time special cash dividend of $0.14 per share on its Class A common stock. The dividend is payable on August 31, 2026, to shareholders of record as of August 21, 2026, and will be funded from cash currently on hand. Management emphasized that this is a discretionary event and does not establish a precedent for future dividend policies or expectations.

•2mo ago

Flowco Holdings Inc. Announces Quarterly Cash Dividend

Flowco’s Board of Directors approved a quarterly cash dividend of $0.09 per share of Class A common stock, payable on August 26, 2026 to shareholders of record as of August 14, 2026. The operating subsidiary, Flowco MergeCo LLC, will make a corresponding distribution of $0.09 per unit to holders of its common units. Management stated its intention to continue paying regular quarterly cash dividends, subject to Board discretion based on results of operations and credit agreement restrictions.

•2mo ago

Flowco Holdings Inc. Announces Appointment of New Independent Director

Flowco Holdings Inc. appointed John R. Rutherford as an independent director effective July 29, 2026, increasing the board size to nine members with five independent directors. Rutherford brings over 30 years of experience in energy operations, investment banking, and corporate strategy, having previously served as EVP at Plains All American Pipeline and as an M&A advisor at Lazard. CEO Joe Bob Edwards stated that Rutherford's operational leadership and strategic insights will be valuable as Flowco executes its long-term strategy.

•2mo ago

Flowco Holdings Inc. Reports First Quarter 2026 Results

Flowco reported Q1 revenue of $209.5 million, up 8.9% year-over-year, with Adjusted EBITDA of $85.5 million and a 40.8% margin. Free cash flow was strong at $52.3 million, and the company returned $16.5 million to shareholders via buybacks while announcing a 12.5% dividend increase to $0.09 per share. The company also closed its acquisition of Valiant Artificial Lift Solutions in March, expanding its artificial lift offerings.

•5mo ago

Flowco Holdings Inc. Announces Appointment of New Independent Director

Flowco Holdings appointed Hardy Murchison as an independent director, effective April 29, 2026, increasing the Board size to eight members. Mr. Murchison brings extensive industry experience, having founded and led Encino Energy to a $5.6 billion sale to EOG Resources and previously serving at First Reserve and Range Resources. CEO Joe Bob Edwards highlighted that Murchison's operational leadership and track record of value creation will be key to supporting Flowco's long-term growth strategy.

•5mo ago