Flowco Holdings Inc. (NYSE: FLOC) announced on November 2, 2026, that its Board of Directors has approved an increase to the company's existing share repurchase program. The authorization was raised by $150 million, bringing the total amount available for share repurchases to $200 million of the Company's Class A common stock, which has a par value of $0.0001 per share.
The expanded program does not have an expiration date. The company noted that prior to this increase, it had repurchased approximately $31.5 million of shares under the existing authorization.
The repurchase program is discretionary and does not obligate the Company to repurchase any specific amount of shares. Purchases may be conducted through open-market transactions, privately negotiated transactions, or other means compliant with Securities and Exchange Commission regulations. The timing and volume of repurchases will be determined by management based on factors such as price, trading volume, market conditions, and corporate requirements.
Joe Bob Edwards, President and Chief Executive Officer of Flowco, stated that the board's approval reflects confidence in the company's business model, financial strength, and long-term outlook. Edwards noted that the company's durable free cash flow generation and strong balance sheet provide the flexibility to continue investing strategically, supporting the dividend, and repurchasing shares when they represent an attractive use of capital.
