Flowco Holdings Inc. (FLOC) Form 10-Q — Aug 11, 2026

$FLOCForm 10-QFiled Aug 11, 2026, 4:30 PM ET0001193125-26-344790Original filing

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.

Key figures

Eps: $0.29 basic / $0.28 diluted (Q2 2026); $0.54 basic / $0.52 diluted for six months
Revenue: Q2 2026: $235.9M (vs $193.2M in Q2 2025)
Net Income: $30.9M consolidated / $12.5M attributable to Flowco Holdings (Q2 2026)
Total Debt: $298.4M long-term debt, net (vs $167.8M at Dec 31, 2025)
Revenue Yoy: +22.1% in Q2; +15.5% for six months ($445.4M vs $385.6M)
Total Assets: $1.923B as of June 30, 2026
Cash Position: $19.2M as of June 30, 2026 (vs $4.5M at Dec 31, 2025)
Shares Outstanding: 43,972,689 Class A and 46,380,539 Class B as of August 7, 2026
Fleet: over 5,500 active systems
Valiant goodwill: $55.5M
Dividends declared: $0.09 per share in Q2 2026 ($0.17 per share for six months, $6.4M total)
Valiant intangibles: $51.0M
Six month net income: $58.4M consolidated; $20.0M attributable to Flowco Holdings
Error revision impact: $18.1M / $23.7M / $28.5M reclassified between APIC and retained earnings as of June 30, Sep 30, and Dec 31, 2025
Valiant purchase price: $316.0M ($283.1M cash plus 1,454,849 Class A shares valued at $32.8M)
Archrock asset acquisition: $71.0M cash, completed August 1, 2025
Proforma six month revenue: $466.3M
Share repurchases six months: $16.5M (780,000 Class A shares retired)
Valiant revenue contribution: $43.6M from March 2 to June 30, 2026
Operating cash flow six months: $173.9M (vs $124.7M prior-year period)
Economic interest in flowco llc: 48.7%
Valiant net income contribution: $9.3M from March 2 to June 30, 2026
Tax receivable agreement liability: $108.2M total ($3.5M current + $104.65M long-term) vs $22.0M at Dec 31, 2025
Redeemable non controlling interests: $993.9M as of June 30, 2026

Price after filing

1 day: +2.5%7 days: +5.2%30 days: -3.3%

Close on the filing date to close N calendar days later (from $21.79). Historical, not a forecast.

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