FLOTEK INDUSTRIES INC/CN/ — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Flotek reported Q2 2026 revenue of $99.4M (+70% YoY) with net income of $10.0M (+463% YoY) and Adjusted EBITDA of $16.8M (+109% YoY). The company raised full-year 2026 guidance: total revenue from $270–$290M to $340–$350M (+26% midpoint), and Adjusted EBITDA from $36–$41M to $47–$51M (+27% midpoint). On August 3, 2026, Flotek announced a 10-year contract with Puerto Rico Electric Power Authority (PREPA) worth ~$400M backlog (~$40M annually) to support a 400 MW gas power project via its PWRtek platform; guidance excludes this contract's impact. Data Analytics segment achieved record quarterly revenue of $19.2M (+223% YoY), with external customers representing 63% of segment revenue.
Why this rating
Large guidance raise (26% revenue, 27% EBITDA) and $400M contract backlog are material relative to $204.7M market cap. Revenue raised ~$23M at midpoint; EBITDA raised ~$6M. Strong YoY growth, transformational pivot to data-driven model, and diversification beyond oil-gas reduce risk profile substantially.
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