AI Earnings Predictions for Flotek Industries Inc. (FTK)

EX-99.1

2 ex991-q22026.htm

EX-99.1

Document

Exhibit 99.1

Flotek Increases 2026 Guidance as Data Analytics Delivers Record Quarterly Revenue

HOUSTON, August 4, 2026 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the quarter ended June 30, 2026. As a result of strong year-to-date results combined with the Company’s outlook on the remainder of the year, Flotek increased its previously issued 2026 guidance.

A summary of key financial metrics is as follows (in thousands, except ‘per share’ amounts):

Three Months Ended June 30,Six Months Ended June 30,

20262025% Change20262025% Change

Total Revenues$99,367 $58,350 70%$169,418 $113,712 49%

Gross Profit$23,783 $14,407 65%$39,324 $26,856 46%

Net Income$9,953 $1,768 463%$14,617 $7,148 104%

Diluted Income Per Share$0.26 $0.05 420%$0.38 $0.21 81%

Adjusted EBITDA (1) $16,788 $8,018 109%$25,881 $14,316 81%

Second Quarter 2026 Highlights

•Total revenue grew 70% as compared to the second quarter of 2025.

•Data Analytics achieved record quarterly revenue of $19.2 million, with external customers representing 63% of segment revenue.

•Chemistry Technologies quarterly revenue totaled $80.2 million, the highest since 2017.

•Data Analytics comprised 51% of total gross profit versus 26% in the prior-year quarter.

•Net income and diluted net income per share increased 463% and 420%, respectively, as compared to the year-ago quarter.

•Adjusted EBITDA(1) totaled $16.8 million, a 109% increase from second quarter 2025.

•Announced a 10-year, $400 million power services contract to support 400 MW Puerto Rico gas power project.

2026 Guidance Update

Based on results through the first half of 2026 and the Company’s current expectations, Flotek is increasing its guidance metrics for 2026 as follows (in millions):

MetricPreviousCurrent

Total Revenues$270-$290$340-$350

Adjusted EBITDA(2) $36-$41$47-$51

The Company’s updated 2026 guidance above does not include any potential impact from the Puerto Rico Power Services (PREPA) contract announced on August 3, 2026. The Company is working closely with the customer and other service providers to finalize the initial deployment schedule.

1

Management Commentary

Chief Executive Officer Dr. Ryan Ezell commented, “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.”

Second Quarter 2026 Financial Results

•Revenue: Flotek reported total revenues of $99.4 million for the second quarter of 2026, an increase of 70% compared to total revenues of $58.4 million for the second quarter of 2025.

Revenue during the quarter included a 53% increase in Chemistry revenue and a 223% increase in Data Analytics revenue as compared to the 2025 quarter. International Chemistry revenue totaled $10.6 million during the second quarter, as compared to $3.9 million in the year-ago period reflecting the Company’s ongoing work in the Middle East. Data Analytics revenue during the quarter included $5.9 million related to the Company’s utility infrastructure support agreement announced in March 2026.

Revenue related to the minimum purchase requirements (the “Minimum Purchase Requirements”) under the Company’s long-term supply agreement with ProFrac Services, LLC, totaled $1.2 million and $7.8 million, during the second quarters of 2026 and 2025, respectively. The reduction in the Minimum Purchase Requirement during the current quarter was due to increased related party Chemistry revenue versus the year-ago quarter.

2

Segment Revenue Summary (in thousands)

Three Months Ended June 30,Six Months Ended June 30,

20262025% Change20262025% Change

Chemistry Technologies:

External Revenues$31,114 $2

EX-99.1

2 ex991-q12026.htm

EX-99.1

Document

Exhibit 99.1

Flotek Reports Record Data Analytics Revenue and Strong First Quarter Results

HOUSTON, May 5, 2026 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the quarter ended March 31, 2026. The Company also provided 2026 guidance that reinforces its multi-year track record of transformational revenue and profitability growth.

A summary of key financial metrics compared to the prior-year quarter is as follows (in thousands, except ‘per share’ amounts):

Three Months Ended March 31,

20262025% Change

Total Revenues$70,051 $55,362 27%

Gross Profit$15,541 $12,449 25%

Net Income$4,664 $5,380 (13)%

Diluted Income Per Share$0.12 $0.17 (29)%

Adjusted EBITDA (1) $9,093 $6,298 44%

First Quarter 2026 Highlights

•Total revenue grew 27% as compared to the first quarter of 2025 highlighted by 295% growth in Data Analytics revenue.

•Chemistry Technologies revenue rose 13% to its highest quarterly level in over 7 years.

•Data Analytics achieved its highest-ever quarterly revenue.

•Data Analytics accounted for 50% of total gross profit versus 8% in the prior-year quarter.

•In late March, equipment mobilization commenced in connection with the Company’s recently announced power services contract.

XSPCT Named 2026 Product of the Year

The XSPCT™ was recognized by the Analyzer Technology Conference, the premier technical event dedicated to analysis and measurement in the chemical processing industry, for its breakthrough innovation, performance, and real-world impact in process analytics. In upstream applications, the XSPCT™ enables digital sampling by delivering continuous, real-time compositional analysis directly in line with the process stream eliminating the delays, costs, and inaccuracies of traditional Gas Chromatography sampling and laboratory methods. As operators increasingly demand faster, more reliable, and actionable data, the XSPCT™ delivers the accuracy and responsiveness required in today’s operating environments, helping redefine what is possible in process optimization, custody transfer, and operational efficiency across the oil and gas value chain. This honor underscores Flotek’s continued leadership in advancing analyzer technology that directly addresses industry needs.

1

2026 Outlook

Based on first quarter results and current visibility, Flotek expects:

•2026 Total Revenue: $270 million to $290 million

•2026 Adjusted EBITDA(2): $36 million to $41 million

Data Analytics momentum accelerated with new contracts, expanding the Q2–Q4 2026 expected backlog to $34.1 million and the three-year expected backlog to more than $90 million. Power services led this growth, reinforcing the shift toward high-margin, recurring revenue streams.

Management Commentary

Chief Executive Officer Dr. Ryan Ezell commented, “Our first quarter results build on the strong multi-year growth we have achieved across the business. During the quarter, both our Data Analytics and Chemistry segments delivered impressive year‑over‑year growth. Data Analytics now represents half of the Company’s gross profit, and we expect it to surpass Chemistry as the largest contributor to profit during 2026.

In early March, we announced our first power services contract, marking an important step in diversifying our revenue base beyond traditional oilfield applications. We believe this contract represents the first of many opportunities to capture high‑margin, recurring revenue supporting power generation throughout the energy infrastructure sector.

Our 2026 guidance reflects our focus on the convergence of real-time data and chemistry solutions further advancing our industrial pivot while laying the foundation for future market expansion.”

First Quarter 2026 Financial Results

•Revenue: Flotek reported total revenues of $70.1 million for the first quarter of 2026, an increase of 27%, compared to total revenues of $55.4 million for the first quarter of 2025. Revenue growth during the quarter was comprised of a 13% increase in Chemistry revenue and a 295% increase in Data Analytics revenue as compared to the prior-year quarter. First quarter 2026 revenue included $2.7 million related to the minimum purchase requirements (the “Minimum Purchase Requirements”) under the Company’s long-term supply agreement with ProFrac Services, LLC, as compared to $7.5 million in the prior-year quarter.

2

Segment Revenue Summary (in thousands)

Three Months Ended March 31,

20262025% Change

Chemistry Technologies:

External Revenues$14,741 $22,009 (33)%

Related Party Revenues44,941 30,729 46%

Total$59,682 $52,738 13%

Data Analytics:

Product Revenues$1,853 $1,662 11%

Service Revenues 8,516 962 785%

Total$10,369 $2,624 295%

•Gross Profit: The Company generated gross profit of $15.5 million during the first quarter of 2026, or 22% of revenues, compared to $12.4 million during the first quarter of 2025. The improvement in f

ftk-202603110000928054FALSE00009280542026-03-112026-03-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 11, 2026 Date of Report (Date of earliest event reported)

Flotek Industries, Inc. (Exact name of registrant as specified in its charter)

Delaware001-1327090-0023731 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

5775 N. Sam Houston Parkway W., Suite 400 Houston, TX, 77086 (Address of principal executive office and zip code)

(713) 849-9911 (Registrant’s telephone number, including area code)

(Not applicable) (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of Exchange on which registered Common Stock, $0.0001 par valueFTKNYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On March 11, 2026, Flotek Industries, Inc. (the “Company”) issued a press release providing its financial results for the quarter and year-ended December 31, 2025 and announcing that it will hold a conference call to discuss its financial and operating results. The press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as otherwise expressly stated in such filing.

Item 7.01 Regulation FD Disclosure

On March 11, 2026, the Company provided on its website a presentation containing information relating to its current operations and financial results. A copy of the presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information furnished pursuant to Item 7.01 of this Current Report on 8-K and in Exhibit 99.2 shall not be deemed to be “filed” for the purposes of the Exchange Act, is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

d) Exhibits.

Exhibit NumberDescription

99.1Press Release dated March 11, 2026

99.2Presentation of Flotek Industries, Inc.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FLOTEK INDUSTRIES, INC.

Date: March 11, 2026 /s/ Bond Clement Name:Bond Clement Title:Chief Financial Officer