Quarterly ResultAug 4, 2026, 04:16 PM
Flotek Q2 Revenue +70% to $99.4M; Net Income +463%; Raises 2026 Guidance
AI Summary
Flotek Industries reported strong second-quarter 2026 financial results, with total revenues increasing 70% year-over-year to $99.4 million and net income soaring 463% to $10.0 million. The company also significantly raised its full-year 2026 guidance for both revenue and Adjusted EBITDA, reflecting robust performance across its segments. Additionally, Flotek announced a major 10-year, $400 million power services contract in Puerto Rico, further diversifying its business.
Key Highlights
- Total revenues increased 70% to $99.4 million for Q2 2026, up from $58.4 million in Q2 2025.
- Net income surged 463% to $10.0 million, or $0.26 diluted EPS, compared to $1.8 million, or $0.05 diluted EPS, in Q2 2025.
- Adjusted EBITDA grew 109% to $16.8 million in Q2 2026, up from $8.0 million in the prior-year quarter.
- Data Analytics achieved record quarterly revenue of $19.2 million and comprised 51% of total gross profit.
- Chemistry Technologies quarterly revenue reached $80.2 million, its highest since 2017, with international chemistry revenue up 172%.
- Increased 2026 revenue guidance to $340-$350 million (previously $270-$290 million) and Adjusted EBITDA guidance to $47-$51 million (previously $36-$41 million).
- Announced a 10-year, $400 million power services contract to support a 400 MW Puerto Rico gas power project.
Price Impact
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