Earnings ·
Reports Q3 revenue of $114.4 million and raises full-year guidance to $382-$390 million
FTKFlotek Industries Inc
Flotek Industries reported third-quarter 2026 total revenues of $114.4 million, a 104% increase from the prior year period, marking its highest quarterly revenue in twelve years. Net income was $13.3 million ($0.34 diluted EPS), compared to $20.4 million ($0.53 diluted EPS) in Q3 2025, which included a $12.6 million non-cash tax benefit. Adjusted EBITDA rose 87% year-over-year to $19.5 million. The company increased its full-year 2026 revenue guidance to $382-$390 million and adjusted EBITDA guidance to $59-$62 million, citing strong performance in both Data Analytics and Chemistry Technologies segments. Flotek operates in the energy technology sector, providing data analytics and advanced chemistry solutions for oil and gas, industrial, and infrastructure customers.