v3.26.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net income per share of Class A common stock for the periods following the Transactions:

(in thousands, except share and per share data)

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to Flowco Holdings, Basic

 

$

 

7,442

 

 

$

 

6,172

 

Add: Net income impact from assumed redemption of all LLC Interests to common stock

 

 

 

 

 

 

 

 

Less: Income tax expense on net income attributable to NCI at 22.2%

 

 

 

 

 

 

 

 

Net income attributable to Flowco Holdings, Diluted

 

$

 

7,442

 

 

$

 

6,172

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding, Basic

 

 

 

31,620,520

 

 

 

 

25,721,620

 

Dilutive effects of:

 

 

 

 

 

 

 

 

LLC Interests that are exchangeable to common stock

 

 

 

 

 

 

 

 

Unvested RSUs and PRSUs

 

 

 

1,098,862

 

 

 

 

465,644

 

Weighted average shares of common stock outstanding, Diluted

 

 

 

32,719,382

 

 

 

 

26,187,264

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

 

0.24

 

 

$

 

0.24

 

Diluted earnings per share

 

$

 

0.23

 

 

$

 

0.24