Strong Financial Performance: Flowco Holdings Inc reported an adjusted EBITDA of $76.8 million in Q3, with a 382 basis point margin expansion and $43 million in free cash flow, despite an 8% decline in total revenue due to lower product sales.
Successful Integration and Growth: The company successfully integrated 155 high-pressure gas lift and vapor recovery systems, contributing to enhanced margins and a growing rental portfolio, which now constitutes 60% of revenue.
Challenges in Product Sales: Flowco faced challenges with a 21% revenue decrease in its natural gas technology segment and anticipates a seasonal slowdown in product sales for Q4, impacting the production solutions segment.
Strategic Initiatives and Future Outlook: The company is optimizing its natural gas systems business unit and leveraging in-house software for operational efficiency, while also being opportunistic with share buybacks as part of its capital allocation strategy.
Wall Street analysts forecast FLOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLOC is 27.00 USD with a low forecast of 25.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast FLOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLOC is 27.00 USD with a low forecast of 25.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.520
Low
25.00
Averages
27.00
High
28.00
Current: 20.520
Low
25.00
Averages
27.00
High
28.00
Jefferies
NULL -> Buy
maintain
$28
2025-12-30
Reason
Jefferies
Price Target
$28
AI Analysis
2025-12-30
maintain
NULL -> Buy
Reason
Jefferies expects a "modest beat" from Flowco in Q4, forecasting EBITDA of $78.9M that would be 1% above the midpoint of guidance on revenue of $189.8M, which would be 0.4% above consensus, the analyst tells investors in a preview. Jefferies has a Buy rating and $28 price target on Flowco shares.
Evercore ISI
Stephen Richardson
Outperform
downgrade
$26 -> $25
2025-11-06
Reason
Evercore ISI
Stephen Richardson
Price Target
$26 -> $25
2025-11-06
downgrade
Outperform
Reason
Evercore ISI analyst Stephen Richardson lowered the firm's price target on Flowco to $25 from $26 and keeps an Outperform rating on the shares. Management has "swiftly" adapted to the public company environment, with a clear path to double-digit year-over-year adjusted EBITDA growth, the analyst tells investors in a research note. The firm added that the integration of AROC assets is complete, and the macro environment could offer further tailwinds in the future.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for FLOC
Unlock Now
Piper Sandler
Derek Podhaizer
Overweight
downgrade
$33 -> $28
2025-08-06
Reason
Piper Sandler
Derek Podhaizer
Price Target
$33 -> $28
2025-08-06
downgrade
Overweight
Reason
Piper Sandler analyst Derek Podhaizer lowered the firm's price target on Flowco to $28 from $33 to reflect the general derating across U.S. Land, while keeping an Overweight rating on the shares. Initially, the firm expected Flowco shares to come under pressure given the below consensus Q3 2025 guide and softness around the full year range despite the solid Q2 2025 results coupled with an accretive acquisition. However, Piper was pleasantly surprised to see Flowco +4% outperforming the +3% OIH.
Jefferies
Buy
downgrade
$32 -> $28
2025-08-05
Reason
Jefferies
Price Target
$32 -> $28
2025-08-05
downgrade
Buy
Reason
Jefferies lowered the firm's price target on Flowco to $28 from $32 and keeps a Buy rating on the shares. Given macro uncertainty, a subdued oil price outlook an increasing expectations of a largely flat production environment in 2026, Jefferies believes the revisions to 2H25/2026 expectations were largely anticipated by markets, the analyst tells investors in a research note. The firm added that expansion of the rental fleet inorganically aligns with the company strategy of growing the rental business mix.
About FLOC
Flowco Holdings Inc is a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. The Company’s products and services include a full range of equipment and technology solutions. Its principal products and services are organized into two business segments: Production Solutions, and Natural Gas Technologies. Its Production Solutions segment designs and delivers products and services that enable its customers to optimize oil and natural gas production rates. Its Natural Gas Technologies segment designs and manufactures products and provides services. Its core technologies include high pressure gas lift (HPGL), conventional gas lift, plunger lift, and vapor recovery unit (VRU) solutions. Its VRUs and other methane abatement solutions capture fugitive emissions of methane, which is a natural byproduct of oil production. The Company operates manufacturing and repair facilities in El Reno, Oklahoma, Houston, Texas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
