Flowco Holdings Inc.
- Open
- 21.02
- Day high
- 21.47
- Day low
- 20.49
- Prev close
- 21.34
- Volume
- 276K
- Mkt cap
- $893M
- P/E (TTM)
- 13.9
- EPS (TTM)
- $1.49
- P/B
- 2.7
- P/S
- 1.1
- Yield
- 1.55%
- Per share
- $0.33
- ▼Insiders net selling -$106.3M over the last 3 months (0 open-market buys, 8 sales)
- 🏛Institutions accumulating (13F)
Flowco Holdings Inc. (FLOC) is a Energy company listed on NYSE. The stock is up 19% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 8 sales (SEC Form 4).
Flowco Holdings Inc. (FLOC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FLOC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.34 | $0.48 | +41.2% | $210M | +1.7% |
| Feb 26, 2026 | $0.24 | $0.44 | +83.5% | $197M | +4.3% |
| Nov 5, 2025 | $0.32 | $0.59 | +84.4% | $177M | -6.5% |
| Mar 18, 2025 | $0.34 | $2.87 | +738.9% | $186M | +0.4% |
| Sep 30, 2024 | — | $0.23 | — | $189M | — |
| Jun 30, 2024 | — | $0.23 | — | $93M | — |
| Mar 30, 2024 | — | $0.19 | — | $67M | — |
| Dec 31, 2023 | — | $0.21 | — | $75M | — |
| Sep 30, 2023 | — | $3.11 | — | $63M | — |
| Jun 30, 2023 | — | $2.24 | — | $52M | — |
FLOC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 4, 2026 | MURCHISON JOHN HARDYdirector | Grant | 3,625 | — |
| Apr 6, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 1,682,406 | — |
| Apr 6, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 83,795 | $21.18 |
| Apr 6, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 94,694 | $21.18 |
| Apr 6, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 4,031,250 | — |
| Apr 6, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 1,907,855 | — |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 252,361 | — |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 12,569 | $21.18 |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 286,179 | — |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 604,686 | — |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 604,686 | $21.18 |
| Mar 30, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 14,205 | $21.18 |
| Mar 25, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Option | 1,907,855 | — |
| Mar 25, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 83,795 | $21.18 |
| Mar 25, 2026 | Fairbanks Jonathan B.director, 10 percent owner, other: See Remarks | Sell | 94,694 | $21.18 |
Source: FLOC SEC Form 4 filings, latest May 4, 2026. For informational purposes only — not investment advice.
See the full FLOC insider & 13F page →Flowco Holdings Inc. company profile
Overview
Flowco Holdings Inc. (NYSE:FLOC) is a newly public energy services company that emerged from the merger of three private companies in June 2024. The company went public in January 2025, making it one of the newest entrants to the public markets in the oil and gas equipment and services sector. Flowco specializes in production optimization technologies for the oil and natural gas industry, serving over 300 customers across major U.S. shale basins through its two primary operating divisions.
Business
Flowco operates in the oil and gas equipment and services industry, specifically focusing on production optimization solutions that help energy companies maximize output from existing wells. The company's business is built around the concept that once oil and gas wells are drilled and completed, operators need specialized equipment and services to maintain and enhance production over the well's lifecycle. The company operates through two main business segments: 1. **Production Solutions Segment** (approximately 62% of revenue): This division provides artificial lift systems, which are mechanical devices that help bring oil and gas to the surface when natural reservoir pressure is insufficient. Key products include plunger lift systems, gas lift equipment, and the company's proprietary SurgeFlow wellhead infrastructure technology. This segment also offers surface equipment and related services that optimize production flow. 2. **Natural Gas Technologies Segment** (approximately 38% of revenue): This division focuses on methane abatement solutions and gas processing equipment. The flagship product is Vapor Recovery Units (VRUs), which capture methane emissions that would otherwise be vented or flared, converting waste gas into sellable product. This segment also includes compression equipment and other natural gas processing technologies. The artificial lift market exists because most oil and gas wells experience declining natural pressure over time, requiring mechanical assistance to maintain production. Plunger lift systems use gas pressure cycles to lift liquids from wells, while gas lift systems inject compressed gas to reduce fluid density and enable flow. Vapor recovery units address both environmental regulations and economic opportunity by capturing methane emissions that represent lost revenue for operators.
Revenue model
Flowco generates revenue through a hybrid model combining equipment sales and rental services. The company manufactures and sells production optimization equipment while also maintaining a growing rental fleet that provides recurring revenue streams. The revenue model breaks down as follows: Currently operating at approximately a 50:50 split between product sales and rental revenue, with management expecting rental revenue to grow to the low-to-mid 50% range by year-end 2025. Rental agreements typically provide higher margins than outright equipment sales and create more predictable cash flows. Primary customers include independent oil and gas operators, integrated energy companies, and midstream pipeline operators across major U.S. shale basins. The company serves over 300 customers, indicating a diversified customer base that reduces concentration risk. Factors that positively impact margins include: increasing adoption of vapor recovery units driven by both environmental regulations and economic incentives (captured methane can be sold); the shift toward higher-margin rental revenue; the company's vertically integrated domestic supply chain that provides cost advantages; and the non-discretionary nature of production optimization spending, as operators must maintain artificial lift systems to keep wells producing. Margin pressure could come from: commodity price volatility affecting customer capital allocation; increased competition in artificial lift markets; supply chain cost inflation; and potential changes in environmental regulations that could reduce demand for methane abatement solutions. However, the company's focus on production optimization rather than drilling activity provides some insulation from the cyclical nature of upstream capital expenditures.
Competitive moat
Flowco's competitive moat appears moderate but defensible, built primarily around technological differentiation, customer relationships, and supply chain advantages. The company's vertically integrated domestic manufacturing provides operational flexibility and potential cost advantages, particularly relevant given potential tariff policies affecting Chinese-manufactured equipment competitors. The company's technological innovations, including the SurgeFlow wellhead infrastructure system and e-Grizzly high-pressure electric gas lift systems, provide some differentiation in commodity-like markets. The rental fleet business model creates switching costs and recurring revenue streams that strengthen customer relationships over time. However, the artificial lift market is mature and competitive, with several established players offering similar technologies. The company's moat is not particularly wide, as the underlying technologies are well-understood and barriers to entry are moderate. Equipment manufacturing in this sector typically competes on price, service quality, and reliability rather than proprietary technology. The methane abatement segment offers stronger defensive characteristics due to regulatory tailwinds and the economic value proposition of capturing previously wasted gas. Environmental regulations continue to tighten, creating sustained demand for vapor recovery solutions. The company's early positioning in this growing market segment could provide competitive advantages. Potential disruption could come from larger, better-capitalized competitors, alternative production optimization technologies, or changes in environmental regulations. The company's relatively small size compared to major oilfield services companies could limit its ability to invest in R&D or compete for large contracts.
Risks & safety
The margin of safety appears adequate but not exceptional for a newly public company in a cyclical industry. **Liquidity and Solvency**: Cash position is minimal at $687,000 as of Q1 2025, but the company generates strong operating cash flow of $42.5 million quarterly. Current ratio of 3.45 indicates solid short-term liquidity. The company maintains moderate debt levels with a debt-to-equity ratio of -0.60 (negative due to accounting treatment). **Valuation Metrics**: Trading at 3.09x EV/EBITDA, which appears reasonable for the sector. P/E ratio of 26.7x seems elevated but reflects recent public market premium. Price-to-book ratio is negative due to accounting complexities from the 2024 merger. **Cash Generation**: Strong free cash flow generation of $14.7 million in Q1 2025, with full-year 2024 free cash flow of $88.7 million demonstrating consistent cash generation ability. **Other Considerations**: Recently initiated dividend of $0.08 per share signals management confidence. The company's focus on non-discretionary production optimization spending provides some recession resistance compared to drilling-dependent services.
Recent development
Flowco's recent strategic developments center around the transformational merger completed in June 2024 that combined three private companies into a single public entity. This consolidation created a more comprehensive production optimization platform with enhanced scale and capabilities. Key technological developments include the launch of SurgeFlow, a wellhead infrastructure system that enables seamless transition between different artificial lift methods, and the e-Grizzly High-Pressure Gas Lift system, which uses electric power for multi-well gas injection applications. These innovations represent the company's push toward more efficient and environmentally friendly production optimization solutions. The company has significantly expanded its vapor recovery unit (VRU) rental fleet, capitalizing on increasing demand for methane abatement solutions driven by both environmental regulations and economic incentives. Management is exploring expansion of VRU technology into midstream markets, including pipeline operators, which could open new revenue streams beyond traditional upstream customers. Operationally, Flowco has maintained its focus on building a vertically integrated domestic supply chain, which management believes provides competitive advantages in terms of quality control, delivery times, and potential protection against international trade disruptions. The company has also shifted its revenue mix toward higher-margin rental services, with rental revenue expected to exceed 50% of total revenue by late 2025. Financial strategy developments include the initiation of a quarterly dividend and management's emphasis on Returns on Capital Employed (ROCE) as a key performance metric, with current annualized ROCE of approximately 20%.
FLOC company profile · for informational purposes only — not investment advice.
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