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Flowco Holdings Inc. Announces Closing of Public Offering by Selling Stockholders and Share Repurchase by the Company
Businesswire· 2026-03-23 20:30
Core Viewpoint - Flowco Holdings Inc. has successfully closed a public offering of 7,800,000 shares of its Class A common stock at a price of $22.00 per share, conducted by certain affiliates of GEC Advisors LLC, while also repurchasing 780,000 shares from the underwriters as part of its existing share repurchase program [1][3]. Group 1: Public Offering Details - The public offering involved an aggregate of 7,800,000 shares of Flowco's Class A common stock priced at $22.00 per share, with an additional 30-day option for underwriters to purchase up to 1,170,000 shares [1][2]. - Flowco did not issue or sell any shares in the offering and did not receive any proceeds from the shares sold by the Selling Stockholders [2]. Group 2: Share Repurchase - Flowco repurchased 780,000 shares of its Class A common stock from the underwriters at the same price per share as the Selling Stockholders received in the offering [3]. - The share repurchase was contingent upon the closing of the public offering but was not a condition for the offering itself [3]. Group 3: Underwriters and Regulatory Compliance - J.P. Morgan, Jefferies, Evercore ISI, Citigroup, and Piper Sandler served as the joint lead bookrunning managers for the offering, with additional underwriters including BMO Capital Markets and others [4]. - The registration statement for the securities has been filed with and declared effective by the SEC, with the offering being made only through a prospectus supplement and accompanying prospectus [5]. Group 4: Company Overview - Flowco is a leading provider of production optimization, artificial lift, and emissions management solutions for the oil and natural gas industry, offering a range of equipment and technology solutions to maximize profitability and economic lifespan of assets [7].
Flowco Holdings Inc. Announces Pricing of Public Offering by Selling Stockholders
Businesswire· 2026-03-20 03:00
Core Viewpoint - Flowco Holdings Inc. has announced the pricing of a public offering of 7,800,000 shares of its Class A common stock at a price of $22.00 per share, with an additional option for underwriters to purchase up to 1,170,000 shares [1][2]. Group 1: Offering Details - The public offering is being conducted by certain affiliates of GEC Advisors LLC, referred to as the Selling Stockholders [1]. - Flowco will not issue or sell any shares in this offering and will not receive any proceeds from the shares sold by the Selling Stockholders, except as specified in the prospectus supplement [2]. - The offering is expected to close on March 23, 2026, subject to customary closing conditions [1]. Group 2: Share Repurchase - Flowco intends to purchase 780,000 shares of its Class A common stock from the underwriters at the price per share received by the Selling Stockholders in the offering [3]. - The Share Repurchase is conditioned upon the closing of the Offering but is not dependent on the Offering's closure [3]. Group 3: Underwriters and Regulatory Compliance - J.P. Morgan and Jefferies are acting as the joint lead bookrunning managers for the offering [4]. - The registration statement for these securities has been filed with and declared effective by the SEC [5]. Group 4: Company Overview - Flowco is a leading provider of production optimization, artificial lift, and emissions management solutions for the oil and natural gas industry [7]. - The company's offerings include a full range of equipment and technology solutions aimed at maximizing profitability and economic lifespan for oil and natural gas producers [7].
Flowco Holdings Inc. Declares Quarterly Cash Dividend
Businesswire· 2025-10-31 10:00
Core Points - Flowco Holdings Inc. has declared a quarterly cash dividend of $0.08 per share of Class A common stock, payable on November 26, 2025, to stockholders of record as of November 14, 2025 [1] - The company intends to continue paying regular quarterly cash dividends, but future declarations will depend on various factors including operational results, cash flows, and financial position [2] - Flowco is a leading provider of production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry, offering a full range of equipment and technology solutions [3] Company Information - Flowco Holdings Inc. is headquartered in Houston, Texas, and trades on the NYSE under the ticker symbol "FLOC" [5][10] - The company has over 1,200 employees and is involved in the energy sector, specifically focusing on oil and gas [5][10] - Flowco will report its third quarter 2025 financial results on November 5, 2025, and will participate in the Barclays 2025 CEO Energy-Power Conference on September 3, 2025 [5][6] Stock Listing - Flowco has announced a dual listing of its Class A common stock on NYSE Texas, maintaining its primary listing on the New York Stock Exchange [9]