Flotek Industries raised its full-year 2026 guidance for total revenue to $360 million–$370 million and Adjusted EBITDA to $50 million–$54 million, citing strong international chemistry sales. This update follows a previous increase in August that set revenue at $340 million–$350 million and Adjusted EBITDA at $47 million–$51 million. At the midpoints of the new ranges, total revenue and Adjusted EBITDA represent growth of 54% and 58%, respectively, compared to full-year 2025 metrics. International chemistry revenue reached approximately $10.6 million in the second quarter of 2026, a more than 450% sequential increase from the first quarter, with expectations for international sales to exceed $40 million in the second half of 2026. Flotek Industries is a leading chemistry and data technology company focused on servicing the Energy industry.

On August 18, 2026, the Puerto Rico Electric Power Authority (PREPA) delivered formal notice terminating the Power Purchase and Operating Agreement with Flotek Industries. The termination was effective immediately based on two grounds: an event of default due to failure to furnish required performance security and compliance with the Oversight Board’s revocation of contract approval. Under the terminated agreement, Flotek expected to deploy up to six pairs of smart conditioning skids and 40 MW of power generation capacity for a potential 10-year revenue backlog of approximately $400 million. The company had not generated any revenue or commenced deployment under this contract. This termination does not affect Flotek’s previously issued 2026 financial guidance, which excluded contributions from the PREPA Contract. Flotek Industries operates in the energy technology sector, providing proprietary power conditioning and grid enhancement solutions.

Flotek Industries announced that the Puerto Rico Financial Oversight and Management Board voted to revoke its approval of a previously signed 10-year contract with PREPA, directing termination due to allegations regarding unauthorized signatures by Enchanted Rock. PREPA subsequently ordered an immediate work stoppage for all consortium parties pending evaluation, though no formal notice of termination has been issued. The company reaffirmed its full-year 2026 financial guidance of $340 million to $350 million in revenue and $47 million to $51 million in Adjusted EBITDA, explicitly excluding any potential contributions from the PREPA Contract which was expected to generate up to $40 million annually. Flotek operates as a chemistry and data technology company servicing the energy industry.

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.

Flotek Industries announced a 10-year agreement with the Puerto Rico Electric Power Authority to support natural gas-fired grid enhancement initiatives. The company expects to generate approximately $400 million in revenue backlog through equipment rentals and deployment of its proprietary PWRtek platform, which includes up to 40 MW of primary power generation capacity and smart conditioning systems. Annual revenue is projected at roughly $40 million upon full deployment, with support equipment scheduled for Q4 2026 delivery and initial power generation components by the end of Q1 2027. Flotek Industries operates in the energy sector, providing advanced data analytics and chemistry solutions.

Flotek Industries, Inc. entered into a Third Amendment to its Revolving Loan and Security Agreement with Amerisource Funding, Inc. effective July 15, 2026, which extends the maturity date of the loan to October 31, 2026. The amendment also provides the Borrowers with the option to either extend the term of the loan for an additional twelve months from the maturity date or terminate the agreement effective as of the maturity date. Flotek Industries, Inc. operates in the energy sector, providing chemical technologies and services for the oil and gas industry.