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The filed complaint alleges that Flowco Holdings Inc. made materially false and/or misleading statements and/or failed to disclose that: On May 13, 2025, Flowco issued a press release reporting its financial results for the first quarter of 2025. Among other items, Flowco reported revenue of $192.4 million, missing consensus estimates by $6.26 million, and GAAP earning per share of $0.24, missing consensus estimates by $0.06. In its press release, Flowco said that "the U.S. upstream outlook has been challenged by evolving tariff policies, OPEC+ commentary suggesting accelerated production, and broader economic uncertainty." Following this news, Flowco's stock price fell over 12% on May 13, 2025.
In order to be eligible to join the FLOC class action lawsuit, you must have incurred a loss on shares of Flowco Holdings Inc. purchased during the class period listed above.
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