Earnings ·
Flotek Industries reported second-quarter 2026 results with total revenues increasing 70% to $99.4 million and net…
FTKFlotek Industries Inc
Flotek Industries reported second-quarter 2026 results with total revenues increasing 70% to $99.4 million and net income surging 463% to $10.0 million, or $0.26 per diluted share. Adjusted EBITDA rose 109% to $16.8 million. The company raised its full-year 2026 revenue guidance to $340–$350 million and adjusted EBITDA guidance to $47–$51 million, citing strong performance in both Data Analytics and Chemistry Technologies segments. Additionally, Flotek announced a ten-year, approximately $400 million power services contract with the Puerto Rico Electric Power Authority to support a 400 MW gas power project. The company operates in the energy technology sector, providing chemistry solutions and real-time data analytics for oil, gas, and infrastructure applications.