$18.810
+0.493 (+2.62%)收盤時
FLOC 資訊
FLOC 事件
Flowco Holdings Closes $113M Acquisition of Lifting Solutions
Flowco Holdings announced the closing of its acquisition of Lifting Solutions Energy Services for approximately $113M in cash. The acquisition is expected to be accretive to earnings and free cash flow per share.
Flowco Reports Q2 Revenue of $235.9M, Exceeding Expectations
Reports Q2 revenue $235.9M, consensus $235.1M. CEO Joe Bob Edwards, President and CEO, commented, "Flowco delivered solid second quarter results within our original guidance range, reflecting the resilience of our differentiated production optimization business and continued focus across the organization. Strong customer demand for our solutions, combined with disciplined execution, enabled us to offset the impact of cost headwinds during the quarter and generate approximately $50M of free cash flow...We continue to benefit from our North American positioning, where we are seeing consistent customer demand driven by operators' focus on maximizing production, improving operating efficiency and generating attractive returns from existing assets. Against this backdrop, we believe our differentiated technology portfolio, recurring cash flow generation and strong balance sheet position us well to deliver long-term value for our shareholders."
Flowco Holdings Declares Special Cash Dividend of 14 Cents per Share
Flowco Holdings announced that its Board of Directors has declared a one-time special cash dividend of 14c per share of Class A common stock, payable on August 31, to holders of record as of the close of business on August 21. The Special Dividend will be funded from cash available on hand, applies only to the Company's outstanding shares of Class A common stock, and represents a one-time, discretionary event.
Flowco Holdings Appoints John Rutherford as Independent Director
Flowco Holdings announced that its Board of Directors has appointed John Rutherford as an independent director. The appointment increases the size of the Board to nine directors and the number of independent directors from four to five. Rutherford is a former energy and finance executive with more than 30 years of experience across investment banking, energy operations, and corporate strategy.
Flowco Reports Q1 Revenue of $209.5M, Exceeds Expectations
Reports Q1 revenue $209.5M, consensus $206.6M. Joe Bob Edwards, President and CEO, commented, "Flowco delivered a strong first quarter, generating meaningful free cash flow and Adjusted EBITDA growth, while sustaining industry-leading margins through disciplined execution across both operating segments. During the quarter, we successfully closed our acquisition of Valiant Artificial Lift Solutions, and we believe the integration is progressing well. We are encouraged by the early alignment across the organization and our expanded ability to support customers across a broader range of artificial lift solutions throughout the life of the well. As we look ahead, a growing global focus on energy security is reinforcing the need for reliable, diversified sources of supply and highlighting the role of U.S. oil and natural gas production. As a North American-focused business, we have remained insulated from recent international market disruptions and are well positioned as this environment supports incremental activity across the region. We expect this dynamic to drive continued demand for production optimization and artificial lift solutions, as operators remain disciplined while prioritizing efficiency gains from existing production. This outlook supports our anticipated earnings growth profile through the remainder of the year and our ability to drive long-term value for our shareholders."
本頁僅供研究參考，不構成投資建議。模型可能出錯。過往表現不代表未來結果。