Data Analytics Powers Record Q2 as Flotek Lifts 2026 Guidance
FTK has more than doubled off its 52-week low of $10.95 on elevated volume (2.0× avg).
Summary
Flotek posted Q2 revenue of $99.4M (+70% YoY), lifted 2026 guidance, and unveiled a $400M Puerto Rico power contract. Data Analytics emerged as the top profit driver.
Key Events · Earnings and Guidance · FTK
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Record Q2 Revenue and Profit
Revenue hit $99.4M, a 70% year-over-year increase, while net income climbed 463% to $10.0M and Adjusted EBITDA rose 109% to $16.8M.
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Data Analytics Becomes Top Profit Driver
With a 223% surge to $19.2M, Data Analytics revenue contributed 51% of total gross profit, overtaking Chemistry Technologies for the first time.
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2026 Guidance Raised Significantly
Full-year revenue guidance was lifted to $340–$350M (from $270–$290M) and Adjusted EBITDA to $47–$51M (from $36–$41M), excluding the new PREPA contract.
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Transformative $400M Puerto Rico Contract
A 10-year, ~$400M power services contract with PREPA was announced, expected to generate roughly $40M annually, with initial deployment set for Q4 2026.
Analysis · FTK · Industrial Applications And Services
The strongest quarter in a decade saw revenue jump 70% to $99.4 million and net income surge 463%. Driving the outperformance, the Data Analytics segment grew 223% and became the largest gross profit contributor, while also securing a transformative 10-year, ~$400 million contract with Puerto Rico's power authority. Reflecting confidence in sustained momentum, management raised full-year revenue guidance by 21% at the midpoint. The stock trades near all-time highs, underscoring the market's recognition of Flotek's evolution into a data-driven technology leader.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 39.9% of the 977 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FTK was trading at $29.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $10.95 to $28.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.