| 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 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 |
|
|