| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 99.37 | 41.9% | 70.3% |
| Total Income | 99.37 | 41.9% | 70.3% |
| Expenditure | 8.90 | 11.9% | 24.7% |
| PBT | 13.53 | 115.8% | 655.9% |
| Net Profit | 9.95 | 113.5% | 462.1% |
| OPM | 14.98% | 4.15pp | 10.55pp |
| NPM | 10.02% | 3.36pp | 6.99pp |
| EPS | 0.28 | 115.4% | 460.0% |
Flotek Industries Reports Q2 2026 Results, Increases 2026 Guidance
05 Aug 2026 · 5 Aug, 1:46 am
Summary
Flotek Industries reported a strong second quarter of 2026, with total revenues increasing 70% year-over-year to $99.4 million, driven by record performance in Data Analytics and significant growth in Chemistry Technologies. Net income saw a substantial rise of 463% to $10.0 million, with Adjusted EBITDA up 109% to $16.8 million. The company also announced a significant 10-year, $400 million power services contract and has raised its full-year 2026 guidance for both revenue and Adjusted EBITDA, reflecting positive momentum and strategic expansion beyond traditional oil and gas markets.
Key Highlights
- 1
Total revenues for the second quarter of 2026 surged by 70% to $99.4 million compared to the second quarter of 2025.
- 2
Data Analytics achieved a record quarterly revenue of $19.2 million, with external customers contributing 63% of segment revenue.
- 3
Chemistry Technologies reported quarterly revenue of $80.2 million, marking its highest performance since 2017.
- 4
Net income increased by an impressive 463% to $10.0 million, and diluted income per share rose by 420% to $0.26 compared to the prior-year quarter.
- 5
Adjusted EBITDA totaled $16.8 million, representing a 109% increase from the second quarter of 2025.
- 6
The company announced a 10-year, $400 million power services contract to support a 400 MW Puerto Rico gas power project.
- 7
Flotek has increased its 2026 guidance for total revenues to $340-$350 million and Adjusted EBITDA to $47-$51 million.
Management Comments
Dr. Ryan Ezell
We delivered outstanding second-quarter results with each segment generating strong year-over-year growth. Data Analytics generated second-quarter 2026 gross profit of $12 million, representing 51% of total Company gross profit. For the first time, Data Analytics surpassed Chemistry as the largest contributor to overall gross profit, underscoring the continued momentum and scalability of the segment. Including our related-party revenues, domestic chemistry revenue increased 43% and international chemistry grew 172% compared with the second quarter of 2025 marking the segment’s highest quarterly revenue in nearly 10 years. Our second-quarter performance exemplifies the execution of our corporate strategy and strengthens the momentum of Flotek’s industrialized pivot to a data-driven technology leader. Our recently announced contract award to support power initiatives in Puerto Rico validates our ongoing efforts to expand our portfolio of technologies beyond oil and gas, as we believe our real-time measurement solutions can play an important role in meeting the rapidly growing demand for behind the meter power generation and other differentiated industrial and infrastructure verticals. We believe these pursuits will significantly expand our addressable market and accelerate our pivot toward a more diversified and balanced platform.
Informational and educational content only. Not investment advice.