Flotek Lifts 2026 Guidance Again on International Chemistry Surge
FTK has more than doubled off its 52-week low of $10.95.
Summary
Flotek raised its full-year 2026 revenue guidance to $360M-$370M and Adjusted EBITDA to $50M-$54M, up from $340M-$350M and $47M-$51M respectively. The increase is driven by international chemistry sales, which hit $10.6M in Q2 (up 450% sequentially) and are expected to exceed $40M in H2 2026, supported by ongoing work in Saudi Arabia. This is the second guidance raise in just over a month, following the August 4 increase, and comes despite the termination of the $400M Puerto Rico power contract in August. The company's Data Analytics segment continues to contribute, but the international chemistry momentum is the key driver. Management will present at the Lake Street conference on September 10, where further details may emerge. Flotek filed an 8-K with the SEC under Regulation FD.
At the time of this announcement, FTK was trading at $24.37 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $882.7M. The 52-week trading range was $10.95 to $39.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.