Flowco Holdings announces COO John Gatlin’s resignation

Flowco Holdings Inc. (NYSE:FLOC), a leader in oil and gas field machinery and equipment, announced today the impending departure of John Gatlin, Executive Vice President and Chief Operating Officer. Gatlin has notified the company of his intention to resign from his position effective August 1, 2025. He will continue to fulfill his duties until the resignation takes effect. The announcement comes as the company’s stock trades at $18.32, down 38% year-to-date, though InvestingPro analysis indicates the company maintains a GOOD financial health score.

The information was disclosed in a recent 8-K filing with the Securities and Exchange Commission. Gatlin’s decision to step down from his role at the Houston-based company has been made public, but no further details regarding the reasons for his departure or plans for a successor have been provided at this time.

Flowco Holdings, incorporated in Delaware and headquartered in Houston, Texas, is recognized for its specialized equipment in the energy sector. The company’s Class A Common Stock is listed on the New York Stock Exchange under the ticker symbol FLOC. With a market capitalization of $1.66 billion, the company maintains strong fundamentals, including a healthy current ratio of 3.45x and an attractive P/E ratio of 7.2x. InvestingPro subscribers can access detailed financial analysis and 6 additional key insights about FLOC’s performance and outlook.

As per the SEC filing, the company has not indicated any immediate changes to its executive team beyond Gatlin’s planned resignation. The announcement comes without additional context regarding the company’s future strategic direction or operational adjustments following Gatlin’s departure. Despite the leadership change, analysts maintain a Strong Buy consensus on the stock, with target prices suggesting potential upside. Detailed analysis and comprehensive research reports are available through InvestingPro’s extensive coverage of over 1,400 US stocks.

This news follows the standard reporting procedures for public companies regarding changes in key executive positions. Flowco Holdings has ensured compliance with SEC regulations by formally filing the necessary documentation.

Investors and stakeholders in Flowco Holdings are advised to follow the company’s communications for any updates on this matter. Further announcements are anticipated as the company addresses the transition in its leadership team.

The SEC filing was signed by Joel Lambert, Senior Vice President, Secretary, and General Counsel of Flowco Holdings Inc., confirming the authenticity and approval of the report by the company’s authorized personnel. The filing date is recorded as May 27, 2025.

In other recent news, Flowco Holdings reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $2.23 and revenue of $186 million. Despite a slight revenue decline of 1.8% from the previous quarter, the company continues to innovate, launching its first electric multi-well high-pressure gas lift unit. Analysts from Piper Sandler and Evercore ISI have adjusted their price targets for Flowco, with Piper Sandler lowering it to $33 while maintaining an Overweight rating, and Evercore ISI reducing it to $32 with an Outperform rating. The adjustments reflect Flowco’s recent earnings miss and broader market conditions.

Flowco’s business model, which emphasizes domestic supply chains, has helped mitigate the impact of tariffs affecting the broader oilfield services sector. The company’s vertically integrated operations provide a competitive edge, allowing it to adapt quickly to market demands. Despite the challenges, Flowco’s growth trajectory is supported by its differentiated approach and innovative product lines, such as High-Pressure Gas Lift and Vapor Recovery Units. Analysts remain optimistic about Flowco’s future, citing its strategic positioning and potential for margin expansion.

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