Flowco Holdings announces $50 million stock buyback

Flowco Holdings Inc. (NYSE:FLOC), a company specializing in oil and gas field machinery and equipment with a market capitalization of $1.6 billion, has announced a new stock repurchase program. On Wednesday, the Board of Directors authorized the repurchase of up to $50 million of the company’s Class A common stock, currently trading at $17.68 per share. The program permits the company to buy back shares from the open market, through privately negotiated transactions, or by other means as allowed by Securities and Exchange Commission regulations. According to InvestingPro data, the company maintains a high shareholder yield, making this buyback program particularly noteworthy.

The repurchase initiative does not require Flowco Holdings to acquire a specific number of shares and can be adjusted, paused, or terminated at any time. The timing and volume of the buybacks will depend on various factors such as market price, trading volume, market conditions, and regulatory requirements. The company’s strong financial position, evidenced by a healthy current ratio of 3.45 and liquid assets exceeding short-term obligations, provides flexibility in executing this program.

Flowco Holdings has emphasized that this announcement contains forward-looking statements related to the share repurchase program. These statements are based on current expectations and assumptions and are subject to risks and uncertainties which may cause actual results to differ materially from those expressed in the forward-looking statements.

The stock repurchase plan reflects the company’s confidence in its financial stability and commitment to delivering value to its shareholders. The announcement is based on the latest Form 8-K filing with the SEC by Flowco Holdings. The company, incorporated in Delaware and headquartered in Houston, Texas, is listed on the New York Stock Exchange under the ticker symbol FLOC.

This news comes as part of the company’s ongoing efforts to manage its capital effectively and demonstrates its ability to return value to its shareholders. Flowco Holdings has not provided further details on the specific timing or amount of shares to be repurchased under this program. The company currently trades at a P/E ratio of 7.2 and offers a dividend yield of 1.79%. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which covers what really matters about this and 1,400+ other top stocks.

In other recent news, Flowco Holdings Inc. reported its Q4 2024 earnings with an earnings per share (EPS) of $2.23 and revenue of $186 million, despite a slight quarter-over-quarter revenue decline of 1.8%. The company has also authorized a stock repurchase program for up to $50 million of its Class A common stock, reflecting confidence in its long-term value. Additionally, Piper Sandler adjusted Flowco’s stock price target to $33.00 from $34.00, maintaining an Overweight rating, while Evercore ISI reduced its target to $32.00 from $35.00, retaining an Outperform rating. Flowco’s COO, John Gatlin, announced his resignation effective August 1, 2025, with no immediate successor named. Flowco’s innovative approach continues with the launch of its first electric multi-well high-pressure gas lift unit, highlighting its commitment to technological advancement. The company is exploring potential mergers and acquisitions and dividend initiation, indicating a strategic focus on growth and shareholder value.

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