Flowco Holdings Inc 8-K, filed Nov 4, 2026

Flowco Holdings Inc. (FLOC)

8-K 2026-11-04 For: 2026-11-04

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Added on November 04, 2026

About this 8-K

Flowco Holdings Inc filed this 8-K on November 4, 2026.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Delaware	001-42477	99-4382473
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)



1300 Post Oak Blvd., Suite 450				77056
Houston, Texas (Address of Principal Executive Offices)				(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share	FLOC	New York Stock Exchange
Class A Common Stock, $0.0001 par value per share	FLOC	NYSE Texas, Inc.


Exhibit No.		Description
99.1		Flowco Holdings Inc. Press Release dated November 4, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).


FLOWCO HOLDINGS INC.

By:		/s/ Jonathan W. Byers
Name:		Jonathan W. Byers
Title:		Chief Financial Officer


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).


☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).


☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).


	Three Months Ended
	September 30, 2026			June 30, 2026			September 30, 2025
	(in thousands)
Revenues	$	258,622		$	235,859		$	176,941
Net income		40,713			30,944			34,273
Adjusted Net Income (1)		47,973			34,267			37,301
Adjusted EBITDA (1)		103,865			93,884			76,803
Adjusted EBITDA Margin (1)		40.2	%		39.8	%		43.4	%


	Three Months Ended									Nine Months Ended
	September 30, 2026			June 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
	(in thousands except share and per share amounts)
Revenues:
Rentals	$	141,756		$	132,670		$	106,966		$	396,299		$	306,366
Sales		116,866			103,189			69,975			307,712			256,140
Total revenues		258,622			235,859			176,941			704,011			562,506
Operating expenses:
Cost of rentals (exclusive of depreciation and amortization disclosed separately below)		36,870			35,221			29,295			104,643			83,748
Cost of sales (exclusive of depreciation and amortization disclosed separately below)		84,646			74,209			44,888			221,259			173,033
Selling, general and administrative expenses		39,846			35,655			28,980			111,977			92,197
Depreciation and amortization		48,907			49,372			38,953			139,774			106,237
Loss on sale of equipment		422			184			232			916			255
Income from operations		47,931			41,218			34,593			125,442			107,036
Other expenses:
Interest expense, net		(4,856	)		(5,597	)		(2,757	)		(14,801	)		(14,567	)
Other income (expense), net		(233	)		(29	)		229			(723	)		521
Total other expenses		(5,089	)		(5,626	)		(2,528	)		(15,524	)		(14,046	)
Income before provision for income taxes		42,842			35,592			32,065			109,918			92,990
Income tax benefit (provision)		(2,129	)		(4,648	)		2,208			(10,807	)		(4,320	)
Net income		40,713			30,944			34,273			99,111			88,670
Net income attributable to redeemable non-controlling interests		20,588			18,429			21,756			59,029			64,510
Net income attributable to Flowco Holdings Inc.	$	20,125		$	12,515		$	12,517		$	40,082		$	24,160

Earnings per share:
Basic	$	0.45		$	0.29		$	0.46		$	1.01		$	0.92
Diluted	$	0.40		$	0.28		$	0.32		$	0.94		$	0.82
Weighted average shares outstanding:
Basic		44,363,299			42,857,602			27,445,906			39,678,482			26,338,938
Diluted		91,410,610			43,971,042			90,661,805			91,348,060			90,890,091


	As of
	September 30, 2026		December 31, 2025
	(in thousands except share and per share amounts)
Assets
Current assets:
Cash and cash equivalents	$	137,815	$	4,522
Accounts receivable, net of allowances for credit losses		146,631		100,465
Inventory		189,608		149,590
Prepaid expenses and other current assets		30,235		5,615
Total current assets		504,289		260,192
Property, plant and equipment, net		855,821		797,534
Operating lease right-of-use assets		25,713		17,556
Finance lease right-of-use assets		29,018		25,861
Intangible assets, net		296,955		273,437
Goodwill		304,002		249,692
Deferred tax asset		40,808		16,692
Other assets		4,414		5,387
Total assets	$	2,061,020	$	1,646,351

Liabilities, redeemable non-controlling interests and stockholders' equity
Current liabilities:
Accounts payable	$	49,527	$	22,827
Accrued expenses		66,364		26,909
Current portion of tax receivable agreement liability		3,500		—
Current portion of operating lease obligations		8,479		8,004
Current portion of finance lease obligations		14,089		12,895
Deferred revenue		16,034		7,376
Total current liabilities		157,993		78,011
Long-term liabilities:
Long-term debt, net		363,449		167,819
Tax receivable agreement liability		131,898		21,952
Operating lease obligations, net of current portion		17,504		9,783
Finance lease obligations, net of current portion		11,318		10,862
Total long-term liabilities		524,169		210,416
Total liabilities		682,162		288,427
Commitments and contingencies
Redeemable non-controlling interests		833,060		1,129,298
Stockholders' equity:
Class A common stock, $0.0001 par value – 300,000,000 shares authorized; 44,960,812 shares issued and outstanding as of September 30, 2026; 300,000,000 shares authorized; 29,091,960 shares issued and outstanding as of December 31, 2025.		4		3
Class B common stock, $0.0001 par value – 150,000,000 shares authorized; 45,439,646 shares issued and outstanding as of September 30, 2026; 150,000,000 shares authorized; 60,562,983 shares issued and outstanding as of December 31, 2025.		5		6
Additional paid-in capital		344,945		40,731
Retained earnings		200,844		187,886
Total stockholders' equity to Flowco Holdings Inc.		545,798		228,626
Total liabilities, redeemable non-controlling interests and stockholders' equity	$	2,061,020	$	1,646,351


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
	(in thousands)
Cash flows from operating activities
Net income	$	40,713		$	34,273		$	99,111		$	88,670
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		48,907			38,953			139,774			106,237
Provision for inventory obsolescence		655			362			1,807			1,636
Amortization of operating right-of-use assets		2,757			2,616			8,056			6,627
Amortization of deferred financing costs		338			338			1,013			1,012
Loss on sale of equipment		422			232			916			255
Gain on lease termination		(24	)		(528	)		(66	)		(791	)
Stock-based compensation		4,262			1,479			10,422			9,470
Provision for deferred income taxes		1,769			(2,208	)		9,554			(780	)
Allowance for credit losses		376			610			959			1,551
Changes in operating assets and liabilities:
Accounts receivable		(1,538	)		3,188			(16,534	)		(168	)
Inventory		(4,614	)		(8,634	)		(7,026	)		(9,575	)
Prepaid expenses and other current assets		(4,791	)		1,700			(17,566	)		2,314
Other assets and liabilities		5			(8	)		(41	)		(74	)
Accounts payable - trade		4,243			(1,006	)		20,254			1,008
Accrued expenses		16,126			7,054			30,163			359
Deferred revenue		(2,879	)		6,615			4,498			4,536
Operating lease liabilities		(2,994	)		(2,826	)		(8,552	)		(6,417	)
Finance lease liabilities		(632	)		257			299			1,324
Net cash provided by operating activities		103,101			82,467			277,041			207,194
Cash flows from investing activities
Net cash paid in Valiant acquisition		—			—			(161,846	)		—
Asset acquisition		—			(71,813	)		—			(71,813	)
Additions to property, plant and equipment		(30,710	)		(39,663	)		(102,569	)		(103,283	)
Payment of contingent consideration related to a business combination		—			(548	)		—			(548	)
Proceeds from sale of property, plant and equipment		227			164			332			434
Payment for capitalized patent costs		(180	)		(339	)		(494	)		(434	)
Net cash used in investing activities		(30,663	)		(112,199	)		(264,577	)		(175,644	)
Cash flows from financing activities
Issuance of Class A common stock in IPO, net of underwriting discount		—			—			—			461,803
Payment of offering costs		—			—			—			(2,458	)
Repurchase of Class A common stock		—			(15,000	)		(16,516	)		(15,000	)
Payments on long-term debt		(244,417	)		(166,788	)		(780,820	)		(906,785	)
Proceeds from long-term debt		309,458			222,366			976,450			493,497
Payments on finance lease obligations		(4,668	)		(5,383	)		(12,888	)		(11,046	)
Proceeds on finance lease terminations		132			36			168			349
Purchase of LLC Interests from Continuing Equity Owners		—			—			—			(20,876	)
Payment of debt issuance costs		—			—			—			(13	)
Payment of dividend equivalent units		(29	)		(10	)		(31	)		(10	)
Payments of selling commissions and fees		—			—			(69	)		—
Distributions to members of Flowco LLC		(4,174	)		(4,911	)		(29,215	)		(23,703	)
Dividends paid to Flowco Holdings Inc. shareholders		(10,114	)		(2,334	)		(16,250	)		(4,392	)
Net cash provided by (used in) financing activities		46,188			27,680			120,829			(28,930	)
Net increase (decrease) in cash and cash equivalents		118,626			(2,052	)		133,293			2,620
Cash and cash equivalents
Beginning of period		19,189			9,287			4,522			4,615
End of period	$	137,815		$	7,235		$	137,815		$	7,235


	Three Months Ended
	September 30, 2026		June 30, 2026		September 30, 2025
	(in thousands)
Production Solutions
Net income	$	43,730	$	38,296	$	31,734
Interest expense		10		176		(1,651)
Income tax benefit (provision)		—		89		—
Depreciation and amortization		32,928		32,197		23,577
EBITDA		76,668		70,758		53,660
Non-recurring charges (3)		860		—		1,317
(Gain) loss on sale of equipment		431		261		283
Adjusted Segment EBITDA		77,959		71,019		55,260

Natural Gas Technologies
Net income	$	14,760	$	10,502	$	9,774
Interest expense		165		170		224
Income tax benefit (provision)		1		—		1
Depreciation and amortization		15,959		17,164		15,369
EBITDA		30,885		27,836		25,368
(Gain) loss on sale of equipment		(9)		(77)		(51)
Adjusted Segment EBITDA		30,876		27,759		25,317

Corporate
Net income	$	(17,777)	$	(17,854)	$	(7,235)
Interest expense		4,681		5,251		4,184
Income tax benefit (provision)		2,128		4,559		(2,209)
Depreciation and amortization		20		11		7
EBITDA		(10,948)		(8,033)		(5,253)
Transaction-related expenses (1)		1,716		66		—
Share-based compensation expense (2)		4,262		3,073		1,479
Adjusted Segment EBITDA		(4,970)		(4,894)		(3,774)
Total Adjusted EBITDA	$	103,865	$	93,884	$	76,803