Quarterly ResultNov 3, 2026, 05:26 PM
Flotek Q3 Revenue Hits 12-Year High $114.4M; Guidance Raised
AI Summary
Flotek Industries announced its third quarter 2026 financial results, reporting a 104% year-over-year increase in total revenue to $114.4 million, the highest quarterly revenue in twelve years. Both Data Analytics and Chemistry Technologies segments saw significant growth. The company also raised its full-year 2026 guidance for both revenue and Adjusted EBITDA. Despite strong revenue growth, net income decreased by 35% compared to the prior year quarter, partly due to a tax benefit in Q3 2025. A new $120 million term loan was closed to support the expansion of the Data Analytics segment.
Key Highlights
- Total revenue reached $114.4 million, a 104% increase year-over-year, marking a 12-year high.
- Third quarter net income was $13.3 million, or $0.34 per diluted share, down from $20.4 million ($0.53/share) in Q3 2025.
- Adjusted EBITDA increased 87% year-over-year to $19.5 million.
- Full-year 2026 revenue guidance increased to $382-$390 million, and Adjusted EBITDA guidance to $59-$62 million.
- Data Analytics segment revenue increased 104% year-over-year.
- International Chemistry revenue grew to $28.4 million, representing 25% of total revenue.
- Company closed a $120 million Term Loan facility in September to fund Data Analytics expansion.
Price Impact
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