Flotek Posts 12-Year-High Q3 Revenue of $114.4M, Raises 2026 Guidance a Third Time
FTK has more than doubled off its 52-week low of $13.19.
Summary
Flotek's Q3 revenue hit a 12-year high of $114.4 million (+104% YoY) with Adjusted EBITDA up 87%, and management raised 2026 revenue and EBITDA guidance for the third time this year.
Key Events · Earnings and Guidance · FTK
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Q3 Revenue Hits 12-Year High
Total revenue of $114.4 million rose 104% from $56.0 million a year ago, with both Chemistry and Data Analytics segments up 104%.
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Third 2026 Guidance Raise
Full-year revenue guidance lifted to $382M-$390M from $360M-$370M and Adjusted EBITDA to $59M-$62M from $50M-$54M.
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Net Income Down on Tax Base Effect
Net income of $13.3 million ($0.34 diluted EPS) fell 35% versus $20.4 million a year ago, which included a $12.6 million non-cash tax benefit; Adjusted EBITDA rose 87% to $19.5 million.
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2027 Data Analytics Capex Plan
Capital expenditures of $15M-$20M planned for 2027, funded partly by proceeds from the $120 million term loan closed in September 2026.
Analysis · FTK · Industrial Applications And Services
Revenue more than doubled year over year to $114.4 million and Adjusted EBITDA rose 87% to $19.5 million, but the bigger news is the third guidance raise of 2026: full-year revenue is now $382M-$390M (from $360M-$370M) and Adjusted EBITDA $59M-$62M (from $50M-$54M). Net income of $13.3 million, or $0.34 per diluted share, fell 35% versus last year only because the year-ago quarter contained a $12.6 million non-cash tax benefit. The company also laid out a $15M-$20M 2027 Data Analytics capital plan funded partly by the September term loan, and disclosed an October 20, 2026 EPA alternative-method approval for its VeraCAL refinery flare monitoring. The offsetting risk is concentration: related-party revenue from ProFrac was $57.4 million of the $114.4 million total, and the Puerto Rico power contract was terminated in August.
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At the time of this filing, FTK was trading at $30.11 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $899.7M. The 52-week trading range was $13.19 to $39.67. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.