1. Flowco is like the **John Deere for oil and gas wells** – providing essential, specialized equipment and technology to maximize the output and efficiency of existing natural resource extraction operations.

2. Flowco is like the **Otis Elevator for oil and gas wells** – offering critical, long-term service, maintenance, and optimization solutions for complex, depreciating infrastructure to ensure continued efficient operation and reliability.

3. Flowco is like the **Johnson Controls for oil and gas wells** – delivering solutions that enhance the operational efficiency and improve the environmental performance (through methane abatement) of existing assets.

• High Pressure Gas Lift (HPGL) Systems: Equipment and services to inject pressurized natural gas deep into the wellbore, enhancing initial oil production rates.
• Conventional Gas Lift Systems: Equipment and services utilizing surface systems and downhole valves to inject pressurized natural gas, optimizing mid-to-late stage well production.
• Plunger Lift Systems: Proprietary systems that use a well's natural energy to periodically lift produced liquids to the surface, often used in later-stage production.
• Digital Solutions: Proprietary software and hardware, including downhole gauges and remote monitoring, to optimize artificial lift system performance and well economics.
• Methane Abatement Technologies (ZTECH4): Solutions like Sentry and Vault that capture and monetize fugitive methane emissions from wellsite operations.
• Vapor Recovery Unit (VRU) Systems: Systems that capture, compress, and enable the monetization or re-use of fugitive natural gas vapors from various sources.
• Natural Gas Systems Manufacturing & Sales: Manufacturing and direct sales of natural gas packaging systems tailored for production optimization applications.

Flowco (FLOC) sells primarily to other companies. Its major customers are:

• Leading oil and natural gas producers, including supermajors (e.g., multinational integrated energy companies)
• Large independent producers (e.g., independent oil and gas exploration and production companies)

The company notes that its top ten customer accounts represented approximately 51% of its total pro forma revenue for the year ended December 31, 2023.

Joe Bob Edwards President and Chief Executive Officer

Joe Bob Edwards has served as President and Chief Executive Officer of Flowco since June 2024. He brings over 20 years of experience in the energy sector. Prior to joining Flowco, he was a Managing Partner at White Deer Energy, an energy-focused private equity firm, from 2011 to 2024. Earlier in his career, he held various positions at First Reserve Corporation, another private investment firm focused on energy, from 1998 to 2011, including Managing Director and head of energy services investing.

Jonathan W. Byers Chief Financial Officer

Jonathan W. Byers serves as the Chief Financial Officer of Flowco. He most recently held the CFO position at CSI Compressco LP, a publicly traded partnership, where he oversaw its carve-out and developed its financial capabilities. Mr. Byers also co-founded Spartan Energy Partners, a natural gas treating and processing business. His earlier career includes roles with SCF Partners and General Atlantic, both private equity firms, and he began in the Investment Banking Division at The Goldman Sachs Group.

Chad Roberts Executive Vice President of Production Solutions

Chad Roberts is the Executive Vice President of Production Solutions at Flowco. Previously, he served as CEO of Estis, one of the companies that merged to form Flowco. In that role, he was instrumental in developing and commercializing innovative production solutions technologies. His background also includes leadership positions at EnPro, Dedicated Computing, and Chrysler Motors.

Brooks Mims Talton III Executive Vice President of Natural Gas Technologies

Brooks Mims Talton III is the Executive Vice President of Natural Gas Technologies for Flowco. He founded Flogistix in 2011, serving as its President and CEO, and has over 30 years of experience in production optimization and equipment manufacturing. Mr. Talton also founded Compressco, Inc. and Well Link Corporation, both recognized for advancements in gas well optimization.

Joel C. Lambert Senior Vice President, General Counsel and Secretary

Joel C. Lambert holds the position of Senior Vice President, General Counsel and Secretary at Flowco.

Key Risks to Flowco (FLOC)

1. Customer Concentration: Flowco is highly dependent on a limited number of customers, with its top ten customer accounts representing approximately 51% of its total pro forma revenue for the year ended December 31, 2023. The loss of a significant customer or a material reduction in business from these key clients could have a substantial adverse effect on Flowco's financial performance.
2. Dependence on the Oil and Natural Gas Industry: Flowco's entire business model is intrinsically linked to the activity and profitability of the oil and natural gas industry. While the company focuses on the more stable production phase of wells, sustained downturns in commodity prices, significant shifts towards renewable energy sources, or restrictive government policies impacting oil and gas production could reduce demand for Flowco's production optimization, artificial lift, and methane abatement solutions.
3. Competition and Technological Displacement: Flowco operates in a competitive market with alternative solutions for artificial lift and production optimization, such as electric submersible pumps (ESPs) and rod lift systems. Although Flowco highlights its proprietary technologies and market leadership in certain segments, the company faces ongoing competition and the risk of new technologies emerging that could displace its offerings or require significant investment to remain competitive.

Flowco (symbol: FLOC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Strategic Acquisition of Valiant Artificial Lift Solutions: Flowco's acquisition of Valiant Artificial Lift Solutions, expected to close in early March 2026, is a significant driver of future revenue. This acquisition is projected to add approximately $52 million of Adjusted EBITDA in 2026 and expand Flowco's addressable market in the lower 48 states by roughly 70%, particularly in Electric Submersible Pump (ESP) capabilities. The deal is intended to broaden Flowco's artificial lift capabilities throughout the entire well lifecycle.
2. Expansion of High-Margin Rental Fleet for Production Optimization and Methane Abatement: The company anticipates continued incremental growth across its surface equipment and vapor recovery rental fleets. This expansion is supported by strong utilization and contracted revenue visibility, with rental revenue surpassing $110 million for the first time in Q4 2025. Flowco emphasizes continued investment in its High-Pressure Gas Lift (HPGL) and Vapor Recovery Unit (VRU) rental fleets to drive higher-margin, recurring revenue and margin expansion.
3. Growing Demand for Natural Gas Technologies, particularly Vapor Recovery Units (VRUs): The Natural Gas Technologies segment is experiencing strong growth, fueled by a surge in vapor recovery and natural gas system sales. This demand is driven by both the economic benefits of monetizing captured vapors and the increasing necessity to comply with recent and emerging regulatory requirements aimed at reducing fugitive methane emissions.
4. Sustained Demand for Production Optimization and Artificial Lift Solutions with Digital Enhancements: Flowco's core business benefits from the ongoing need for oil and natural gas producers to maximize hydrocarbon recovery and the economic lifespan of their existing wells. The global artificial lift market is projected to grow at approximately 4–6% CAGR through 2030, and digital oilfield solutions at roughly 6–8% CAGR, providing a strong underlying market for Flowco's offerings, which include proprietary digital technologies for real-time remote monitoring and control.

Capital Expenditures

• Focuses on maintaining and growing its fleet of over 4,300 active production optimization, artificial lift, and methane abatement systems.
• Invests in domestic manufacturing capabilities to ensure the delivery of high-quality products and reduce exposure to global supply chains.
• Operates manufacturing and repair facilities across several U.S. states, including Texas, Oklahoma, and Louisiana.