Quarterly ResultAug 6, 2026, 04:14 PM
Flotek Q2 Net Income Jumps 463% to $9.95M; Revenue Up 70%
AI Summary
Flotek Industries reported a significant increase in its second-quarter 2026 financial results, with net income soaring 463% to $9.95 million and total revenues climbing 70% to $99.37 million. Basic EPS also saw a substantial rise of 460% to $0.28. For the first six months of 2026, net income more than doubled to $14.62 million on a 49% revenue increase to $169.42 million. The company also extended its Asset-Based Loan maturity to October 31, 2026, while net cash used in operating activities for the first half of the year was $6.58 million.
Key Highlights
- Q2 2026 Net Income increased 463% to $9.95 million.
- Q2 2026 Total Revenues rose 70% to $99.37 million.
- Q2 2026 Basic EPS grew 460% to $0.28.
- H1 2026 Net Income increased 104% to $14.62 million.
- H1 2026 Total Revenues rose 49% to $169.42 million.
- Asset-Based Loan (ABL) maturity extended to October 31, 2026.
- Net cash used in operating activities was $6.58 million for H1 2026.
- Total assets increased 21.8% to $268.04 million as of June 30, 2026.
Price Impact
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