FLOTEK INDUSTRIES INC/CN/

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.

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.

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.

Flotek Industries, along with its wholly-owned subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC, entered into a Third Amendment to its Revolving Loan and Security Agreement with Amerisource Funding, Inc. The amendment, effective July 15, 2026, extends the loan's maturity date to October 31, 2026. This agreement also provides the borrowers with an option to either extend the term for an additional twelve months or terminate the loan, upon providing 30 days' written notice prior to the new maturity date.

Flotek Industries reported a 26.5% increase in total revenues to $70.1 million for Q1 2026, driven primarily by a 67.7% surge in related party revenue. Despite this, net income decreased by 13.3% to $4.7 million, and basic EPS fell to $0.13 from $0.18 in the prior year. The company also saw a significant drop in net cash provided by operating activities and the exercise of the April 2025 Warrant by ProFrac GDM for 6 million shares.

Flotek Industries reported strong first-quarter 2026 financial results, with total revenue increasing 27% year-over-year to $70.1 million, driven by a significant 295% growth in Data Analytics revenue. Data Analytics now contributes 50% of the company's gross profit. The company also initiated positive 2026 guidance, projecting total revenue between $270 million and $290 million and Adjusted EBITDA between $36 million and $41 million, reinforcing its multi-year growth trajectory.