FLOC | Market Cap: $1.9B (07/13/26)
Industry:
Energy Services

DESCRIPTION

Flowco provides artificial lift and production optimization solutions for onshore U.S. oil and gas producers. The core challenge Flowco addresses is natural well decline — as reservoir pressure falls over time, Flowco's equipment keeps wells producing economically. Flowco's two main product lines are High-Pressure Gas Lift (HPGL), which injects compressed gas into a wellbore to boost production rates in the early life of a well, and Vapor Recovery Units (VRUs), which capture fugitive methane and NGLs at the surface so operators can sell them rather than vent or flare them. Beyond HPGL and VRUs, Flowco also offers conventional gas lift, plunger lift, and downhole components, giving Flowco the ability to serve a single well across its entire producing life of 20+ years. Flowco operates through two segments: Production Solutions (HPGL, conventional and plunger lift, downhole components) and Natural Gas Technologies (VRUs and gas compression packages). Flowco makes money through equipment rentals and product sales, with rentals being the higher-margin, recurring revenue stream. Rental contracts charge a monthly fee for as long as equipment is deployed at a well site, generating predictable cash flows tied to production volumes rather than operator drilling budgets — giving Flowco more revenue durability through industry downturns than drilling-exposed services companies. Flowco manufactures all core equipment domestically across facilities in Texas, Oklahoma, and Louisiana. Flowco serves over 300 customers, including substantially all top U.S. oil and gas producers, across every major onshore U.S. basin.

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