FLOC Flowco Holdings Inc.
Price Chart
Executive Summary
Flowco Holdings reported Q1 2026 revenue of $209.5M (up 8.9% YoY) and GAAP diluted EPS of $0.23, with Adjusted EBITDA of $85.5M (+14.2% YoY). The quarter included the first month of the Valiant acquisition, a $16.5M share repurchase, and a 12.5% dividend increase, but GAAP net income fell 35.6% sequentially due to $4.8M in transaction costs and higher SG&A from the S-3 filing.
Key Financial Metrics
Actionable Insight
The GAAP EPS miss vs Street consensus ($0.23 actual vs $0.34 est) is the headline risk, but the underlying business is growing (revenue +8.9% YoY, Adjusted EBITDA +14.2%). Watch the Q2 2026 print for a full quarter of Valiant contribution and whether the elevated SG&A ($36.5M vs $26.4M in Q4 2025) normalizes. The dividend increase and buyback signal board confidence, but the $162M cash outlay for Valiant and the S-3 filing overhang temper the bullish read.
Key Facts
- Revenue of $209.5M, up 8.9% YoY from $192.4M and up 6.2% QoQ from $197.2M
- GAAP diluted EPS of $0.23 vs $0.24 in Q1 2025; GAAP net income of $27.5M, flat YoY but down 36% QoQ
- Adjusted EBITDA of $85.5M, up 14.2% YoY from $74.9M and up 2.4% QoQ from $83.5M
- Closed Valiant Artificial Lift Solutions acquisition on March 2, 2026 for ~$162M net cash
- Returned $16.5M to shareholders via share repurchases; Board approved 12.5% dividend increase to $0.09/share
- Net debt increased to ~$310.7M (total debt $328M less cash $17.3M) from ~$163.3M at year-end 2025
- Free cash flow of $52.3M, up from $14.7M in Q1 2025; operating cash flow $78.7M
- Production Solutions segment revenue grew 10% QoQ to $140.2M, driven by Valiant contribution and Surface Equipment sales
Financial Impact
Revenue beat consensus by ~1.4% ($209.5M vs $206.6M est); GAAP diluted EPS of $0.23 vs consensus $0.34 — a miss of 32.4% on the Street metric
Risk Factors
- GAAP diluted EPS of $0.23 missed the $0.34 consensus by 32.4%, which could pressure the stock near-term
- Net debt surged to ~$310.7M from ~$163.3M at year-end due to Valiant acquisition funding
- Corporate SG&A rose to $36.5M from $26.4M QoQ, partly from S-3 filing costs — may not fully reverse
- Natural Gas Technologies segment revenue declined 0.6% QoQ and 9.2% YoY, signaling potential headwinds in that business
- Tax receivable agreement liability ballooned to $92.4M from $22.0M, creating future cash obligations
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-207483 |
| Document: floc-20260506.htm | 0001193125-26-207483 |
| Document: 0001193125-26-207483-index-headers.html | 0001193125-26-207483 |
| Document: 0001193125-26-207483-index.html | 0001193125-26-207483 |
| Document: 0001193125-26-207483.txt | 0001193125-26-207483 |
| 8-K Data (Synthetic) | 0001193125-26-207483 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 7, 2026
4w ago
|
8-K
| $24.84 $23.18 | ▼ −6.68% | ▼ −6.71% | $23.85 (−3.99%) |
|
May 6, 2026
4w ago
|
8-K
| $24.25 $23.16 | ▼ −4.49% | ▼ −7.28% | $23.85 (−1.65%) |
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May 4, 2026
5w ago
|
3
| $25.18 $23.05 | ▼ −8.46% | ▼ −13.41% | $23.85 (−5.28%) |
|
Apr 16, 2026
7w ago
|
EFFECT
| $23.23 $26.53 | ▼ −14.21% | ▼ −8.39% | $23.85 (−2.67%) |
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Mar 27, 2026
10w ago
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DEFA14A
| $20.45 $24.33 | ▲ +18.97% | ▲ +6.38% | $23.85 (+16.63%) |
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Mar 24, 2026
11w ago
|
8-K
| $22.28 $23.45 | ▲ +5.25% | ▼ −3.65% | $23.85 (+7.05%) |
|
Feb 26, 2026
14w ago
|
8-K
| $24.37 $21.97 | ▼ −9.85% | ▼ −3.45% | $23.85 (−2.13%) |
US Market Status
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