Flowco Holdings Inc. completed the Lifting Solutions acquisition on October 2, 2026 for approximately CAD $159.0 million ($111.8 million), subject to purchase-price adjustments, with potential contingent consideration tied to Lifting Solutions’ performance during 2027.
FLOC · Flowco Holdings Inc.
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FloCo reported record quarterly adjusted EBITDA of approximately $104 million and free cash flow of about $72 million, completed the $112 million Lifting Solutions acquisition, and guided fourth-quarter adjusted EBITDA to $93 to $99 million.
Flowco Holdings Inc. reported third-quarter revenue of $258.6 million, net income of $40.7 million and Adjusted EBITDA of $103.9 million for the quarter ended September 30, 2026. Its board increased the share repurchase authorization to $200 million and declared a $0.09 per-share dividend.
Flowco Holdings Inc.’s Board raised the share repurchase authorization from $50 million to $200 million on October 29, 2026. The company had repurchased approximately $31.5 million before the increase, and the expanded program has no expiration date.
Flowco Holdings Inc. declared a quarterly cash dividend of $0.09 per share of Class A common stock, payable November 24, 2026 to holders of record November 13, 2026. Flowco MergeCo LLC will make a corresponding $0.09 per unit distribution.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Flowco delivered strong Q3 growth, record free cash flow, expansion in both operating segments and increased shareholder-return flexibility through the expanded buyback. Risks include Natural Gas Technologies margin compression, accelerated Surface Equipment revenue and a multi-quarter redeployment process, expected free-cash-flow conversion around 50%, longer engine lead times and fleet-integration execution.
- + Q3 revenue increased 10% sequentially to $259 million and adjusted EBITDA grew 11% while maintaining a 40% adjusted EBITDA margin.
- + Flowco generated a record $72 million of quarterly free cash flow, representing 70% conversion from adjusted EBITDA.
- + Production Solutions adjusted EBITDA margin increased 209 basis points sequentially, primarily reflecting a higher proportion of surface equipment revenue.
- + Natural Gas Technologies revenue increased 23% sequentially to approximately $80 million and segment adjusted EBITDA grew 11% to approximately $31 million.
- + Flowco expects Lifting Solutions to contribute approximately $23 million of adjusted EBITDA in 2027.
- + The board increased the share repurchase authorization by $150 million, bringing the total authorization to $200 million.
- − Natural Gas Technologies adjusted segment EBITDA margin declined 413 basis points sequentially because natural gas systems carry a lower margin profile than vapor recovery.
- − Q3 results included approximately $9 million of accelerated rental revenue from released Surface Equipment systems.
- − Released Surface Equipment systems are expected to remain below current active fleet levels until mid-2027, with a modest impact over the next several quarters during redeployment.
- − Management expects free cash flow conversion from EBITDA to stay in that 50% neighborhood.
- − Engine lead times for the rental fleet are beginning to extend.
- − Combining the two fleets will be a heavy internal operational lift.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average monthly rental rate (surface equipment) | $14,023 | the three months ended June 30, 2026 filing | — |
| Average monthly rental rate (vapor recovery) | $5,128 | the three months ended June 30, 2026 filing | — |
| Downhole component fleet size | 826 | the three months ended June 30, 2026 filing | — |
| Surface equipment fleet size | 1,670 | the three months ended June 30, 2026 filing | — |
| Vapor recovery fleet size | 3,036 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Equipment & Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FLOC
this stock
Flowco Holdings Inc.
|
$1.92B | +13.6% | +41.9% | — | 4.2% |
|
SLB
Slb Limited
|
$76.27B | +34.6% | +9.5% | 25.3 | 3.9% |
|
BKR
Baker Hughes Co
|
$49.10B | +8.6% | -0.3% | — | 2.4% |
|
TS
Tenaris SA
|
$30.93B | +59.3% | — | — | 0.7% |
|
HAL
Halliburton Co
|
$27.94B | +19.5% | +22.5% | — | 4.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 4, 2026
- This year
- 33
Flowco Holdings Inc. reported third-quarter revenue of $258.6 million, net income of $40.7 million and Adjusted EBITDA of $103.9 million for the quarter ended September 30, 2026. Its board increased the share repurchase authorization to $200 million and declared a $0.09 per-share dividend.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLOC | +6.1% | +13.1% | -20.5% | +6.4% | +13.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +3.5% | +14.3% | -21.0% | +6.5% | +2.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.