FLOTEK INDUSTRIES INC/CN/ (FTK) Form 8-K — Nov 3, 2026
Flotek Industries reported Q3 2026 revenue of $114.4 million, up 104% year over year and its highest quarterly revenue in twelve years, with net income of $13.3 million ($0.34 diluted EPS) and Adjusted EBITDA of $19.5 million, up 87%. The company raised full-year 2026 guidance for the third time, lifting revenue to $382-390 million and Adjusted EBITDA to $59-62 million. Growth was driven by both segments: Data Analytics revenue doubled to $18.1 million and international Chemistry revenue jumped to $28.4 million from $2.2 million a year ago, while related-party Chemistry sales to ProFrac exceeded $50 million in a quarter for the first time.
Key figures
- Eps
- 0.34
- Revenue
- 114352000
- Guidance
- FY2026 revenue raised to $382-390M (from $360-370M); Adjusted EBITDA raised to $59-62M (from $50-54M)
- Net Income
- 13306000
- Total Debt
- Term loan facility $70.0M net plus asset-based loan $7.9M current
- Revenue Yoy
- 104%
- Total Assets
- 311111000
- Cash Position
- 21275000
- Leverage ratio
- 0.9x as of 9/30/26
- 2027 capex plan
- $15-20M for Data Analytics expansion
- Gross profit q3
- $27.4M (+54% YoY)
- Adjusted ebitda q3
- $19.5M (+87% YoY)
- Nine month revenue
- $283.8M (+67% YoY)
- Shares outstanding
- 36218789
- Term loan facility
- $120M total; $75M funded at close, SOFR+650bps, 5-year tenor maturing Sept 2031
- Power services backlog
- >$100M
- Data analytics revenue q3
- $18.1M (+104% YoY)
- Power services revenue q3
- $14.3M
- International chemistry revenue
- $28.4M vs $2.2M year-ago
- Related party chemistry revenue
- $50.3M (first quarter over $50M)
AI analysis
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