Basic earnings per share is computed by dividing net income attributable to the Company by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share is computed by adjusting the net income available to the Company and the weighted average shares outstanding to give effect to potentially dilutive securities. Shares of Class B common stock are not entitled to receive any distributions or dividends and are therefore excluded from this presentation since they are not participating securities.

Earnings per share is presented for the three and six months ended June 30, 2026, the three months ended June 30, 2025 and the period from after the IPO, January 16, 2025, to June 30, 2025. Prior to the IPO the membership structure consisted of Common Units and Class A Units. Flowco Holdings’ current capital structure is not reflective of the capital structure of Flowco LLC prior to the IPO and the Transactions. Therefore, earnings per share for the three and six months ended June 30, 2025, has been calculated based solely on the post-IPO period, as earnings per share is not meaningful for the period from January 1, 2025 to January 15, 2025, due to the different capital structure. 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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to Flowco Holdings, Basic	$	12,515	$	5,471	$	19,957	$	11,643
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	$	12,515	$	5,471	$	19,957	$	11,643

Denominator:
Weighted average shares of common stock outstanding, Basic		42,857,602		25,728,144		37,289,553		25,725,197
Dilutive effects of:
LLC Interests that are exchangeable to common stock		—		—		—		—
Unvested RSUs and PRSUs		1,113,440		467,499		1,109,982		468,130
Weighted average shares of common stock outstanding, Diluted		43,971,042		26,195,643		38,399,535		26,193,327

Basic earnings per share	$	0.29	$	0.21	$	0.54	$	0.45
Diluted earnings per share	$	0.28	$	0.21	$	0.52	$	0.44

For the three and six months ended June 30, 2026, the three months ended June 30, 2025, and for the period from January 16, 2025 to June 30, 2025, the assumed redemption of LLC Interests in exchange for shares of Class A common stock was antidilutive under the if-converted method. Accordingly, the related add-back of net income attributable to redeemable non-controlling interests and the corresponding incremental Class A common shares were excluded from the computation of diluted earnings per share.

The impact of unvested RSUs was dilutive and has been included using the treasury stock method for the three and six months ended June 30, 2026, the three months ended June 30, 2025, and for the period from January 16, 2025 to June 30, 2025.