FLOWCO HOLDINGS INC CLASS A (FLOC)
Energy · NYSE
Flowco Holdings is an energy company operating through a recently IPO'd holding company structure with upstream and midstream assets.
What FLOWCO HOLDINGS INC CLASS A does
Flowco Holdings Inc. is a Delaware corporation operating as a holding company for Flowco LLC, a provider of energy infrastructure and operations. The company conducts its business primarily through Flowco LLC and its subsidiaries following an initial public offering completed in 2025. The company operates under an umbrella partnership-C corporation ("Up-C") structure, which allows certain equity holders to retain flow-through tax treatment while public shareholders hold Class A common stock in the corporation.
Themes: ["Energy infrastructure","Oil and gas operations","Midstream services"]
Fundamentals
- Price$20.61 as of 2026-07-09 close
- Market cap$1.8B as of 2026-07-10
- 1-year return+8.5% as of 2026-07-09 close
- P/E42.96 as of 2026-07-10
- Net margin+5.5% as of 2026-07-10
- Gross margin+55.1% as of 2026-07-10
- ROE+15.7% as of 2026-07-10
- Debt / equity1.04 as of 2026-07-10
- Revenue growth (YoY)+6.8% as of 2026-07-10
- Revenue CAGR (3y)+76.7% SEC XBRL
- Beta0.82 as of 2026-07-10
Dividend: yield +1.6%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Complex Up-C structure with split economic and voting interests between Class A and Class B shareholders creates potential agency conflicts and may limit minority shareholder influence on strategic decisions","Minority economic interest (46.3% as of March 31, 2026) in operating subsidiary Flowco LLC while maintaining sole managing member control creates exposure to non-controlling interest volatility and complexity in financial consolidation","Tax receivable agreement obligations with TRA Participants could require significant future cash payments that reduce distributions available to public shareholders"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.