Flowco Holdings Inc.
Business
Flowco Holdings Inc. provides production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. It offers HPGL and conventional gas lift, plunger lift, vapor recovery units, methane abatement technologies, digital monitoring, remote control, manufacturing, rental, sales and long-term service contracts. The business operates through two principal segments: Production Solutions (artificial lift, production optimization, digital and methane abatement) and Natural Gas Technologies (VRUs and packaged natural gas systems). Flowco serves customers across major onshore U.S. oil and gas regions through a network of service centers, manufacturing and repair facilities and contracted deployments.
Summary from filing dated 2025-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Rentals | 418 | 277 | 169 | |
| Sales | 342 | 259 | 75 | |
| Total revenues | 760 | 535 | 243 | |
| Cost of rentals (exclusive of depreciation and amortization disclosed separately below) | 114 | 74 | 42 | |
| Cost of sales (exclusive of depreciation and amortization disclosed separately below) | 232 | 190 | 63 | |
| Selling, general and administrative expenses | 119 | 62 | 15 | |
| Depreciation and amortization | 145 | 91 | 44 | |
| Loss on sale of equipment | 742,000 | 797,000 | 1 | |
| Income from operations | 149 | 117 | 78 | |
| Interest expenses | −19 | −32 | −19 | |
| Loss on debt extinguishment | 0 | −221,000 | 0 | |
| Other income (expenses), net | 740,000 | −3 | −910,000 | |
| Total other expenses | −18 | −35 | −20 | |
| Income before provision for income taxes | 131 | 81 | 58 | |
| Income tax benefit (provision) | 842,000 | −1 | −379,000 | |
| Net income | 132 | 80 | 58 | |
| Net income attributable to redeemable non-controlling interests | 90 | — | — | |
| Net income attributable to Flowco Holdings Inc. | 41 | — | — | |
| Basic earnings per share | 1.53 | — | — | |
| Diluted earnings per share | 1.24 | — | — | |
| Weighted average shares outstanding, Basic | 27 | — | — | |
| Weighted average shares outstanding, Diluted | 91 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 5 | 5 | — | — | |
| Accounts receivable, net of allowances for credit losses of $1,079 and $1,169, respectively (Note 1) | 100 | 120 | — | — | |
| Inventory | 150 | 151 | — | — | |
| Prepaid expenses and other current assets | 6 | 10 | — | — | |
| Total current assets | 260 | 286 | — | — | |
| Property, plant and equipment, net | 798 | 703 | — | — | |
| Operating lease right-of-use assets | 18 | 19 | — | — | |
| Finance lease right-of-use assets | 26 | 22 | — | — | |
| Intangible assets, net (Note 6) | 273 | 303 | — | — | |
| Goodwill (Note 6) | 250 | 250 | 2 | — | |
| Deferred tax asset | 17 | 0 | — | — | |
| Other assets | 5 | 7 | — | — | |
| Total assets | 1,646 | 1,589 | — | — | |
| Accounts payable | 23 | 31 | — | — | |
| Accrued expenses | 27 | 34 | — | — | |
| Current portion of operating lease obligations | 8 | 7 | — | — | |
| Current portion of finance lease obligations | 13 | 8 | — | — | |
| Deferred revenue | 7 | 8 | — | — | |
| Total current liabilities | 78 | 88 | — | — | |
| Long-term debt, net | 168 | 636 | — | — | |
| Tax receivable agreement liability | 22 | 0 | — | — | |
| Operating lease obligations, net of current portion | 10 | 13 | — | — | |
| Finance lease obligations, net of current portion | 11 | 13 | — | — | |
| Total long-term liabilities | 210 | 662 | — | — | |
| Total liabilities | 288 | 750 | — | — | |
| Commitments and contingencies (Note 14) | — | — | — | — | |
| Redeemable non-controlling interests | 1,129 | 0 | 0 | 0 | |
| Members' equity | 0 | 839 | — | — | |
| Total members' equity | 0 | 839 | — | — | |
| Additional paid-in capital | 69 | 0 | — | — | |
| Retained earnings | 159 | 0 | — | — | |
| Total stockholders' equity to Flowco Holdings Inc. | 229 | 0 | — | — | |
| Total liabilities, redeemable non-controlling interests and members'/stockholders' equity | 1,646 | 1,589 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Provision for inventory obsolescence | 2 | 2 | 3 | |
| Amortization of operating right-of-use assets | 10 | 4 | 508,000 | |
| Amortization of deferred financing costs | 1 | 714,000 | 400,000 | |
| Gain on lease termination | −944,000 | −958,000 | 0 | |
| Stock-based compensation | 11 | 992,000 | 85,000 | |
| Provision for deferred income taxes | −2 | 0 | 0 | |
| Allowance for credit losses | 1 | 636,000 | 310,000 | |
| Accounts receivable | 19 | −15 | −17 | |
| Inventory | −76,000 | 22 | −7 | |
| Prepaid expenses and other current assets | 4 | −3 | −1 | |
| Other assets and liabilities | −82,000 | 864,000 | 0 | |
| Accounts payable - trade | −8 | 739,000 | 0 | |
| Accrued expenses | −7 | −4 | −508,000 | |
| Deferred revenue | −626,000 | −4 | −515,000 | |
| Operating lease liabilities | −10 | 864,000 | 805,000 | |
| Finance lease liabilities | 2 | 2 | 0 | |
| Net cash provided by operating activities | 294 | 179 | 82 | |
| Asset acquisition | −72 | −7 | 0 | |
| Additions to property, plant and equipment | −127 | −90 | −44 | |
| Payment of contingent consideration related to a business combination | −548,000 | 0 | 0 | |
| Proceeds from sale of property, plant and equipment | 467,000 | 166,000 | 841,000 | |
| Net cash acquired in 2024 Business Combination | 0 | 3 | 0 | |
| Payment for capitalized patent costs | −571,000 | −193,000 | 0 | |
| Net cash used in investing activities | −200 | −94 | −43 | |
| Issuance of Class A common stock in IPO, net of underwriting discount | 462 | 0 | 0 | |
| Payment of offering costs | −2 | 0 | 0 | |
| Repurchase of Class A common stock | −15 | 0 | 0 | |
| Payments on long-term debt | −1,115 | −296 | −174 | |
| Proceeds from long-term debt | 647 | 460 | 188 | |
| Payments on finance lease obligations | −15 | −8 | −2 | |
| Proceeds on finance lease terminations | 469,000 | 715,000 | 0 | |
| Purchase of LLC Interests from Continuing Equity Owners | −21 | 0 | 0 | |
| Payment of debt issuance costs | −13,000 | −7 | 0 | |
| Payment of dividend equivalent units | −10,000 | 0 | 0 | |
| Payment of tax withheld on stock-based compensation | −296,000 | 0 | 0 | |
| Distributions to members of Flowco LLC | −29 | −231 | −53 | |
| Dividends paid to Flowco Holdings Inc. shareholders | −7 | 0 | 0 | |
| Net cash used in financing activities | −95 | −80 | −39 | |
| Net increase (decrease) in cash and cash equivalents | −93,000 | 5 | 0 | |
| Cash paid for interest | 16 | 29 | 19 | |
| Federal | 5 | 0 | 0 | |
| Aggregated state and local jurisdictions | 0 | 0 | 0 | |
| Net cash paid (refunds received) for income taxes | 5 | 0 | 0 | |
| Noncash debt refinancing of long-term debt with Revolving Credit Facility | 0 | 419 | 0 | |
| Issuance of 64,823,042 shares of Class B common stock to the Continuing Equity Owners, net of redemption of certain LLC Interests and Blocker Shareholders' exchange to Class A shares | 0 | 0 | 0 | |
| Issuance of 5,251,620 shares of Class A common stock to the Blocker Shareholders in exchange of LLC Interests | 0 | 0 | 0 | |
| Establishment of deferred tax asset under Tax Receivable Agreement and at the IPO | 17 | 0 | 0 | |
| Establishment of liabilities under Tax Receivable Agreement in the IPO | 22 | 0 | 0 | |
| Issuance of 4.9 million Class A Units in exchange for the net assets acquired in a Business Combination | 0 | 855 | 0 | |
| Issuance of 5.1 million Class A Units in exchange for 1,000 Common Units of Estis | 0 | 0 | 0 | |
| Lease liabilities arising from obtaining operating right-of-use assets | 5 | 6 | 5 | |
| Lease liabilities arising from obtaining financing right-of-use assets | 18 | 8 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Flowco Holdings Inc.'s CIK number?
Flowco Holdings Inc.'s SEC CIK number is 0002035149 (2035149). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Flowco Holdings Inc.'s SEC filings?
All of Flowco Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Flowco Holdings Inc. last report earnings?
Flowco Holdings Inc. (FLOC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-207483). This is Flowco Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Flowco Holdings Inc.'s most recent earnings 8-K?
Flowco Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-207483. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Flowco Holdings Inc.'s latest earnings 8-K →
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