{"filings":[{"id":2339036,"accession_number":"0000928054-26-000084","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-08-19T13:27:10+00:00","items":["8.01","9.01"],"status":"ready","headline":"PREPA terminates Flotek's 10-year power contract; no revenue recognized","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["PREPA delivered termination notice Aug 18, 2026 for PPOA Contract No. 2026-P00107, effective immediately.","Termination grounds: failure to furnish performance security and Oversight Board revocation of approval.","Contract expected $40M annual revenue and $400M 10-year backlog; no revenue or payments received.","Flotek had not commenced equipment deployment; 2026 financial guidance unchanged.","Contract assigned to Flotek from Enchanted Rock on July 31, 2026 with PREPA consent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2309756,"accession_number":"0000928054-26-000082","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-08-18T11:08:34+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Flotek's Puerto Rico power contract faces termination; FY2026 guidance reaffirmed","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Oversight Board voted to revoke approval of PREPA contract, directed PREPA to terminate; PREPA ordered work stoppage Aug 17.","PREPA has not delivered formal termination notice as of Aug 18; Flotek evaluating impact on expected ~$40M annual revenue.","Short seller with admitted position published report Aug 17 alleging business issues; Flotek believes it aimed to drive down stock.","FY2026 guidance reaffirmed: revenue $340-350M, Adjusted EBITDA $47-51M, excluding PREPA contributions.","Flotek joined project July 31 after PREPA approved substitution; contract expected 10-year, up to 40MW capacity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-08-18","daily_digest_url":"/daily/2026-08-18","daily_digest_rank":2},{"id":2051641,"accession_number":"0000928054-26-000077","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-08-04T20:10:04+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q2 revenue up 70% to $99.4M; raises 2026 guidance; wins $400M Puerto Rico contract","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $10.0M ($0.26 diluted EPS) vs. $1.8M ($0.05) in Q2 2025; Adjusted EBITDA $16.8M, up 109%.","Data Analytics segment revenue $19.2M (record), up 223% YoY; Chemistry revenue $80.2M, highest since 2017.","2026 guidance raised: revenue $340-350M (prev. $270-290M), Adj. EBITDA $47-51M (prev. $36-41M).","Announced 10-year, $400M power services contract for 400 MW Puerto Rico gas power project (excluded from guidance).","Data Analytics contributed 51% of total gross profit, surpassing Chemistry for the first time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2024197,"accession_number":"0000928054-26-000075","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-08-03T20:05:21+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek wins 10-year, $400M contract with Puerto Rico Electric Power Authority for 400 MW gas-fired power project","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["10-year agreement with PREPA; expected revenue backlog of approximately $400 million.","Annual revenue expected to total ~$40 million at full deployment; equipment deployment begins Q4 2026.","Flotek to provide PWRtek platform including up to 40 MW primary power generation and up to six smart skids.","Partnership with Power Expectations LLC for Emergency Temporary Power Generation Puerto Rico project (RFP 3PPO-0314-20-TGP2).","CEO states contract validates demand for PWRtek platform beyond traditional oil and gas, shifting to recurring high-margin revenue."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1719796,"accession_number":"0000928054-26-000069","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-07-17T20:29:33+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Flotek extends revolving loan maturity to Oct 31, 2026 with option to extend further","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Third Amendment to Loan Agreement with Amerisource Funding effective July 15, 2026.","Maturity date extended to October 31, 2026.","Borrowers have option to extend term for additional 12 months or terminate at maturity.","Loan agreement originally entered Aug 14, 2023; previously amended Oct 2023 and Aug 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":470396,"accession_number":"0000928054-26-000049","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-05-15T20:02:16+00:00","items":["5.07"],"status":"ready","headline":"Flotek shareholders elect all seven director nominees, approve compensation, ratify KPMG","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected, including Harsha V. Agadi, Ryan G. Ezell, Evan R. Farber, Michael Fucci, Katie Hill, Kevin M. McDonald, Matt D. Wilks.","Advisory say-on-pay vote passed with 23,681,102 for, 275,263 against, 17,916 abstain, and 3,201,400 broker non-votes.","Ratification of KPMG as 2026 independent auditor approved with 27,040,174 for, 130,313 against, 5,194 abstain.","Turnout: 27,175,681 shares voted, representing 75.1% of outstanding common stock as of record date March 20, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99854,"accession_number":"0000928054-26-000044","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q1 rev $70.1M (+27%); Data Analytics rev up 295% to record; FY26 rev guidance $270-290M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $4.7M ($0.12 diluted EPS) vs $5.4M ($0.17) YoY; Adjusted EBITDA $9.1M (+44%).","Chemistry Technologies rev $59.7M (+13%); Data Analytics rev $10.4M (295% growth) — segment now 50% of gross profit.","FY 2026 guidance: total revenue $270-290M, Adjusted EBITDA $36-41M with Q2–Q4 backlog $34.1M.","First power services contract mobilized in March; three-year Data Analytics backlog exceeds $90M.","XSPCT analyzer named 2026 Product of the Year by Analyzer Technology Conference."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":70051000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116111,"accession_number":"0000928054-26-000018","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q4 revenue $67.5M, highest since 2017; full-year net income up 191%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $67.5M (+33% YoY); full-year revenue $237.3M (+27% YoY).","Q4 net income $3.0M (-32% YoY); diluted EPS $0.08 (-43% YoY).","Data Analytics gross profit accounted for 48% of total Q4 gross profit, up from 8%.","Full-year net income $30.5M (+191% YoY); diluted EPS $0.84 (+147% YoY).","Revised Adjusted EBITDA calculation; no longer adds back non-cash ProFrac contract asset amortization."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116110,"accession_number":"0000928054-26-000014","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek awarded first utilities contract for up to 50 MW power generation supporting federal disaster recovery","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Contract with distributed power providers to coordinate installation of up to 50 MW of generation equipment.","Six-month initial term expected to start in Q2 2026; customer option to extend an additional 4 years at same monthly rate.","If full 50 MW deployed for entire term, revenue expected ~$1M/MW, totaling up to $50M.","Deployment will ramp over several weeks; revenue depends on final power requirements and timing.","Leverages proprietary PWRtek platform with smart conditioning skids and real-time data analytics."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116109,"accession_number":"0000928054-26-000012","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-03-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek appoints Christina Ibrahim as SVP, General Counsel, Chief Compliance Officer, and Corporate Secretary","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Christina M. Ibrahim appointed effective March 2, 2026, as SVP, General Counsel, CCO, and Corporate Secretary.","Ibrahim most recently served as SVP, General Counsel, and CCO at Select Water Solutions.","CEO Ryan Ezell cited her regulatory and strategic expertise as key to Flotek's growth.","Ibrahim previously held leadership roles at Weatherford International and Halliburton."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116108,"accession_number":"0000928054-26-000004","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek grants CEO 36,595 RSUs and 36,595 PRSUs; CFO receives 16,635 each","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Dr. Ryan Ezell granted 36,595 time-based RSUs and 36,595 performance-based RSUs on Feb 24, 2026.","CFO Bond Clement granted 16,635 time-based RSUs and 16,635 performance-based RSUs.","Time-based RSUs vest in three equal annual installments starting first anniversary of grant.","Performance-based RSUs tied to Adjusted EBITDA growth (2027 vs 2025) and TSR relative to Russell 2000 Oil Equipment & Services.","Grants made under Flotek's 2018 Long-Term Incentive Plan, as amended."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132550,"accession_number":"0000928054-25-000113","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-11-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek grants 39,532 RSUs and 59,298 PRSUs to CEO, 17,969 RSUs and 26,953 PRSUs to CFO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Grants approved Nov 19, 2025; RSUs vest in three equal annual installments starting first anniversary.","Half of PRSUs vest based on 2026 EBITDA thresholds; half based on TSR vs Russell 2000 Oil Equipment & Services.","Grants made under Flotek 2018 Long-Term Incentive Plan; subject to continued employment and restrictive covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132549,"accession_number":"0000928054-25-000105","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek SVP, General Counsel and Corporate Secretary Amy Blakeway departs Nov 13, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Amy Blakeway departed from her role as SVP, General Counsel and Corporate Secretary on November 13, 2025.","Her departure is treated as a termination for convenience under the March 1, 2024 employment agreement.","Flotek expects to pay severance benefits per the agreement and proxy statement after signing a release.","No successor has been named or announced at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132548,"accession_number":"0000928054-25-000092","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q3 net income surges 704% to $20.4M, adjusted EBITDA up 142%, raises guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $56.0M (+13% YoY); gross profit $17.8M (+95%); gross margin 32% vs 18%.","Net income $20.4M ($0.53 diluted EPS) including $12.6M tax benefit; vs $2.5M ($0.08) a year ago.","Adjusted EBITDA $11.7M (+142%); 12th consecutive quarter of growth.","Data Analytics segment revenue up 232% to $8.9M; service revenue up 625% to $7.2M.","2025 guidance raised: revenue $220-225M (prev $200-220M), adj EBITDA $35-40M (prev $34-39M)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.78,"consensus_revenue_estimate":null,"consensus_revenue_actual":169743000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149086,"accession_number":"0000928054-25-000076","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q2 revenue up 26% to $58.4M; adjusted EBITDA +113%; Data Analytics revenue surges 189%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total Q2 revenue $58.35M (+26% YoY), gross profit $14.4M (+57%), adjusted EBITDA $9.5M (+113%).","Adjusted net income $6.0M ($0.16/diluted) vs $2.0M ($0.06) prior year; GAAP net income $1.8M ($0.05).","Data Analytics segment revenue $5.93M (+189%), service revenue up 450% including $3.2M from PWRtek acquisition (closed April 28).","FY2025 guidance maintained: revenue $200-220M, adjusted EBITDA $34-39M; asset acquisition expected to deliver ~$15M rental revenue in 2025.","Chemistry Technologies segment revenue $52.4M (+19%), external customer chemistry revenue up 38% despite declining frac fleets."],"consensus_eps_estimate":null,"consensus_eps_actual":0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":113712000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149085,"accession_number":"0000928054-25-000065","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-07-09T23:59:59+00:00","items":["5.07","7.01"],"status":"ready","headline":"Flotek stockholders approve warrant share issuance; company to file S-3 registration","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved (99.8% for) issuance of shares underlying April 2025 Warrant to ProFrac GDM.","23,509,819 shares voted (78.8% of outstanding); adjournment proposal approved but not needed.","Company expects to file Form S-3 to register resale of shares underlying warrant and replace expired shelf registration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168070,"accession_number":"0000928054-25-000042","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-05-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Flotek shareholders elect all six directors, approve compensation and plan amendments at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected with 86.5% of outstanding shares represented; Matt D. Wilks received 4.2M against votes, most of any nominee.","Advisory vote on executive compensation approved with 22.4M for, 190k against.","Ratification of KPMG as auditor for 2025 passed with 10.6M for, 88k against, and 15.1M abstain.","Amendments to 2018 Long-Term Incentive Plan and 2012 Employee Stock Purchase Plan both approved by wide margins."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168069,"accession_number":"0000928054-25-000036","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q1 revenue $55.4M (+37% YoY); net income $5.4M (+244%); initiates 2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 2025 adjusted EBITDA $7.8M (+93% YoY); diluted EPS $0.17 vs $0.05.","External chemistry revenue up 88% YoY; Data Analytics revenue up 57%.","Acquired 30 mobile power generation assets in April 2025 with $160M multi-year contract.","2025 guidance: revenue $200-220M, adjusted EBITDA $34-39M (midpoint +12% and +80% vs 2024).","Fifth consecutive quarter of revenue, gross profit, net income and adjusted EBITDA growth."],"consensus_eps_estimate":null,"consensus_eps_actual":0.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":55362000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168067,"accession_number":"0001193125-25-108910","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K/A","filed_at":"2025-05-01T23:59:59+00:00","items":["2.01","1.01"],"status":"ready","headline":"Flotek closes $105M acquisition of mobile power generation assets from ProFrac GDM","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration of $105M includes $17.6M offset against order shortfall payments owed under Chemical Products Supply Agreement.","Acquired assets include mobile power generation equipment and related intellectual property.","PWRTEK subsidiary also entered a six-year dry lease of certain acquired assets with ProFrac GDM.","Remainder of $105M is allocated to the lease and other transactions beyond the $17.6M asset purchase offset."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168068,"accession_number":"0001193125-25-100512","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["1.01","2.03","3.02","7.01","9.01"],"status":"ready","headline":"Flotek acquires mobile power generation assets for $105M; secures 6-year lease with $160M backlog","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquires digitally enhanced gas conditioning & distribution units from ProFrac GDM for $105M.","$17.6M paid via OSP offset; $40M secured note at 10% interest; warrant for 6M shares valued at $40.2M.","Lease agreement expected to deliver ~$14M rental revenue in 2025 and $27.4M annually from 2026.","Deal provides entry into mobile power generation; Flotek's Data Analytics segment revenue to increase 60%.","Special stockholder meeting expected July 2025 to approve warrant conversion; voting agreements in place."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185288,"accession_number":"0000928054-25-000012","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q4 revenue up 20% YoY, FY2024 adjusted EBITDA $20.3M beats $18.5M guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 revenue $50.8M (+20% YoY); net income $4.4M ($0.14 diluted EPS) vs $2.1M in Q4 2023.","Full-year 2024 net income $10.5M ($0.34/share) vs net loss $(0.10)/share in 2023.","Adjusted EBITDA FY2024 $20.3M, highest since 2017 and 10% above guidance of $18.5M.","Data analytics service revenue surged 124% in Q4 YoY; gross margin improved to 24% from 22%.","2025 guidance to be issued with Q1 2025 results; conference call March 11 at 9:00 a.m. CT."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185287,"accession_number":"0000928054-25-000005","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2025-01-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Flotek expects Q4 2024 to be strongest quarter of 2024 in net income and adjusted EBITDA","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Q4 2024 expected to be strongest quarter of 2024 in net income and adjusted EBITDA (qualitative guidance).","Full-year 2024 results to be released after market close March 10, 2025; conference call March 11.","CEO Dr. Ryan Ezell cites continued financial and operational improvements from strategy execution.","No specific financial figures provided; full details on March 10, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":187025000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201870,"accession_number":"0000928054-24-000124","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-12-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek provides update on EPA flare monitoring amendments, sees positive impact; Data Analytics revenue up 30% QoQ","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["EPA proposed amendments on Dec 20, 2024 to OOOOb rules for flare NHV monitoring; comment period 45 days.","Amendments address industry concerns but do not materially change Flotek's addressable market outlook.","Flotek's JP3 VeraCal analyzer is EPA-approved; Data Analytics segment Q3 revenue increased 30% from Q2.","CEO expects significant Data Analytics segment growth in 2025 leveraging VeraCal for compliance.","Company invested in analytical assets to address industry resource constraints."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201869,"accession_number":"0000928054-24-000109","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q3 net income doubles to $2.5M, raises 2024 adjusted EBITDA guidance to $16.5-18.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $49.7M (+5% YoY); net income $2.5M ($0.08 EPS) vs $1.3M ($0.04 EPS) YoY.","Adjusted EBITDA $4.8M, up 43% YoY; eighth consecutive quarterly improvement.","2024 adjusted EBITDA guidance raised to $16.5-18.5M (midpoint up 9% from prior).","Data Analytics revenue up 58% YoY; flare monitoring contributed 25% of segment revenue.","SG&A reduced 12% YoY; borrowings cut 81% ($6.1M) from year-end 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":136267000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201868,"accession_number":"0000928054-24-000101","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek grants 90,000 RSUs and 90,000 PRSUs to CEO and CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Dr. Ryan Ezell awarded 60,000 RSUs and 60,000 PRSUs.","CFO J. Bond Clement awarded 30,000 RSUs and 30,000 PRSUs.","RSUs vest in three equal annual installments starting first anniversary.","PRSUs vest 50% on 2025 AEBITDA threshold; 50% on stock price threshold by Dec 31, 2025.","Awards granted under Flotek's 2018 Long-Term Incentive Plan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217911,"accession_number":"0000928054-24-000094","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-08-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek posts updated investor presentation for EnerCom conference; no specific financials disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation posted on IR website for EnerCom Denver conference (August 18-21, 2024).","Filing does not include specific financial data, guidance changes, or material updates.","No forward-looking statements or operational metrics are evident from the provided exhibit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217910,"accession_number":"0000928054-24-000086","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["1.01","2.02","2.03","7.01","9.01"],"status":"ready","headline":"Flotek raises 2024 EBITDA guidance to $14-18M; Q2 net income $2.0M vs loss a year ago","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2024 revenue $46.2M, down 9% YoY; net income $2.0M ($0.06 diluted EPS) vs net loss $21K.","Adjusted EBITDA $4.4M, up $6.4M YoY; raised 2024 adjusted EBITDA guidance to $14-18M (midpoint $16M).","Chemistry revenue from external customers up 40% sequentially; Data Analytics revenue up 22% sequentially.","EPA approved JP3 analyzer for flare emission monitoring, unlocking ~$220M annual TAM upstream.","ABL loan commitment increased 45% to $20M, interest rate spread lowered 0.50%, maturity extended to Aug 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":86526000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237827,"accession_number":"0000928054-24-000064","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Flotek shareholders elect all six directors, approve say-on-pay and LTIP amendment","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected: Agadi (19.1M for), Ezell (19.5M), Farber (19.3M), Fucci (19.4M), Mayr (19.4M), Wilks (19.5M).","Advisory vote on executive compensation approved: 19.1M for, 551k against.","Ratification of KPMG LLP as 2024 auditor approved: 24.6M for, 167k against.","Amendment to 2018 Long-Term Incentive Plan approved: 19.2M for, 345k against.","25.1M shares voted (84.5% of outstanding) at June 5, 2024 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237826,"accession_number":"0000928054-24-000057","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-05-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director David Nierenberg resigns from Flotek Board and all committees","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Resignation effective May 24, 2024; Nierenberg left Audit, Compensation, Governance & Nominating, and Risk & Sustainability committees.","Resignation not due to any disagreement with company operations, policies, or practices.","No replacement or successor named at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237825,"accession_number":"0000928054-24-000048","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q1 net income $1.6M, adjusted EBITDA $4M vs -$3.9M YoY; FY24 EBITDA guidance $10-16M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $40.4M (-16% YoY); gross profit $8.8M (+369% YoY); gross margin 22%.","Adjusted EBITDA $4.0M vs -$3.9M in Q1 2023; 3rd consecutive quarter of net income.","Diluted EPS $0.05 vs -$0.12; prior year net income benefited from $30.6M non-cash gains.","FY24 adjusted gross profit margin guided 18%-22% (vs 15% in 2023); adjusted EBITDA $10M-$16M (vs $1.5M).","ProFrac related revenue up 19% sequentially; data analytics segment revenue up 18% QoQ."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":40374000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255323,"accession_number":"0000928054-24-000016","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek reports FY2023 net income of $24.7M, first positive adjusted EBITDA since 2017","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year revenue $188.1M (+38% YoY); net income $24.7M vs loss $42.3M in 2022.","Adjusted EBITDA $1.5M (first positive since 2017) vs -$26.2M in 2022.","Q4 2023 gross profit $9.4M vs loss $2.1M; revenue down 13% YoY to $42.2M.","Data analytics (JP3) revenue up 47% to $8.1M; next-gen system field trials, deployment mid-2024.","Material weakness & going concern issues from 2022 audit expected to be resolved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272796,"accession_number":"0000928054-23-000221","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-12-08T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek grants performance-based options and RSUs to CEO and CFO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Ryan Ezell granted ~62,881 options and ~13,974 RSUs; CFO Bond Clement granted ~45,732 options and ~10,163 RSUs.","Options vest based on cumulative AEBITDA thresholds for 2023-2026; exercise price equals fair market value at grant date.","RSUs vest in three equal annual installments starting on first anniversary of grant date (Dec 5, 2023).","Awards made under the 2023 Management Long-Term Incentive Plan and the 2018 LTIP."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272795,"accession_number":"0000928054-23-000200","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek posts Q3 net income of $1.3M, first positive adjusted EBITDA since 2018","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.3M ($0.04 diluted EPS) vs net loss $18.8M in Q3 2022; revenue $47.3M (+4% YoY).","Adjusted EBITDA turned positive at $3.4M, first since Q3 2018; gross profit $9.0M vs loss of $1.8M.","FY 2023 guidance: revenue lowered to $185-200M (from $210-230M), but adjusted gross profit margin raised to 12-14% (from 8-10%).","ABL facility increased to $13.8M; total liquidity $9.0M as of Nov 6, 2023.","Non-ProFrac chemistry revenues grew 23% YoY, now 38% of total revenues."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":145870000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272794,"accession_number":"0000928054-23-000192","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-10-06T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Flotek increases credit facility to $13.8M and regains NYSE minimum share price compliance","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit facility maximum increased from $10M to $13.8125M under First Amendment.","Real estate pledged as collateral; 50% of appraised value available as sub-limit.","Collateral management fee changed to 0.1% monthly on facility maximum (was average daily balance).","NYSE notified company it regained compliance with $1.00 minimum share price over 30 trading days.","If share price falls below $1 again, NYSE may immediately initiate suspension and delisting procedures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289646,"accession_number":"0000928054-23-000188","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-09-25T23:59:59+00:00","items":["3.03","5.03","9.01"],"status":"ready","headline":"Flotek Industries executes 1-for-6 reverse stock split to regain NYSE listing compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split effective as of 4:01 p.m. ET on September 25, 2023; shares begin trading split-adjusted on September 26 under symbol FTK.","Each six pre-split shares converted into one post-split share; fractional shares rounded up to whole shares, no cash paid.","Par value and number of authorized shares unchanged; each stockholder's percentage ownership unchanged except for fractional share adjustments.","New CUSIP number for post-split shares is 343389409; stockholders holding certificates may surrender them to transfer agent Equiniti.","Company anticipates the split will help regain NYSE continued listing compliance, but no assurance is given."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289645,"accession_number":"0000928054-23-000172","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-09-15T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Flotek Industries announces 1-for-6 reverse stock split effective Sept 25, 2023 to regain NYSE compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved 1-for-6 reverse stock split, effective after market close on Sept 25, 2023.","Common stock to trade on split-adjusted basis under symbol FTK starting Sept 26, 2023; new CUSIP 343389409.","No fractional shares issued; any fractional interest rounded up to nearest whole share.","Reverse split aims to help Flotek regain NYSE continued listing compliance, but no assurance.","Percentage ownership and voting power remain substantially unchanged except for fractional share adjustments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289644,"accession_number":"0000928054-23-000169","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-09-14T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Flotek expects positive adjusted EBITDA in Q3, announces 1-for-6 reverse stock split","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Expects positive adjusted EBITDA in Q3 2023, accelerating from year-end target; first half 2023 revenue up ~$56M YoY.","Board approves 1-for-6 reverse stock split effective after market close on Sept 25, 2023; begins trading Sept 26 under FTK.","Reverse split designed to regain NYSE continued listing compliance; no fractional shares issued.","Company also changed principal executive office to 5775 N. Sam Houston Pkwy W., Suite 400, Houston, TX 77086."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289643,"accession_number":"0000928054-23-000165","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-09-06T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"Flotek shareholders approve warrant conversions; moves principal executive office","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved issuance under Feb 2023 pre-funded warrant (111.6M for, 1M against); minority threshold exceeded.","Stockholders approved issuance under June 2022 pre-funded warrant (111.6M for, 1M against); minority approval passed.","Quorum of 112.7M shares (74% outstanding) present at Sept 5, 2023 special meeting.","Principal executive office moved to 5775 N. Sam Houston Pkwy W., Suite 400, Houston, TX 77086 effective Aug 29, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289642,"accession_number":"0000928054-23-000158","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Flotek enters $10M ABL facility with Amerisource; CEO cites path to profitability","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$10M revolving credit facility based on 85% eligible AR and 60% inventory; potential $5M add-on via real estate pledge.","Interest at WSJ Prime + 2.5% p.a., 24-month term; includes 1% commitment fee, 0.25% non-usage fee, and 0.10% monthly collateral fee.","Proceeds for working capital and general corporate purposes; early termination fee of 2.5% or 1.5% of account limit.","CEO notes working capital improved from -$70M (year-end) to +$26M as of June 30, 2023.","Expects positive adjusted EBITDA before year-end; eight consecutive quarters of improving operating cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":289641,"accession_number":"0000928054-23-000151","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-08-08T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q2 revenue $50.6M (+72% YoY); gross profit $3.9M, adj. EBITDA -$2.0M improves 48% sequentially","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $50.6M, up 72% YoY and 5% sequentially; FY guidance reaffirmed at $210-230M with adj. gross margin 8-10%.","Gross profit $3.9M vs -$2.3M YoY; adjusted gross profit $5.1M, up 92% sequentially.","Net loss $21k vs net income $6.2M YoY; adjusted EBITDA -$2.0M, eighth consecutive improvement, expects positive by year-end.","Received ABL credit approval; cash $8.8M; expects close by end of Aug. Appointed Dr. Ryan Ezell CEO and Harsha Agadi Chairman."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":98602000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":310503,"accession_number":"0000928054-23-000118","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-06-30T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Flotek amends ESPP to allow highly compensated employees and execs participation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board removed 1,000-share purchase limit per employee per offering period under the 2012 ESPP.","Highly compensated employees (per IRC Section 423(b)(4)(D)) now eligible to participate.","Prior prohibition on executive officers participating in the ESPP was removed.","Total shares reserved under the plan remains unchanged at 1,500,000 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":310502,"accession_number":"0000928054-23-000097","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-06-08T23:59:59+00:00","items":["5.02","5.07","7.01","9.01"],"status":"ready","headline":"Flotek promotes Ryan Ezell to CEO; reaffirms FY 2023 revenue guidance $210M-$230M","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dr. Ryan Ezell appointed CEO, effective June 8, succeeding interim CEO Harsha Agadi.","Harsha Agadi becomes Non-Executive Chairman; David Nierenberg remains on Board.","Ezell employment agreement: $550K base salary, 100% target bonus, 18-month severance.","FY 2023 guidance reaffirmed: revenue $210M-$230M, adj. gross profit margin 8%-10%.","Shareholders at annual meeting did not approve issuance of common stock underlying ProFrac pre-funded warrant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":310501,"accession_number":"0000928054-23-000076","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-05-09T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Flotek Q1 net income $21.3M, revenue $48.0M (+273% YoY); guides FY 2023 rev $210-230M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $48.0M, up 273% YoY; gross profit turned positive at $1.9M vs loss a year ago.","Net income $21.3M ($0.22/sh) includes $26.1M non-cash gain on convertible notes and $4.5M PPP loan forgiveness.","Adjusted EBITDA improved to -$3.9M from -$5.4M YoY; FY2023 revenue guidance $210-230M with adjusted gross margin 8-10%.","Data analytics revenue grew 135% YoY to $2.5M; average ProFrac fleets serviced increased to 19.","Cash $12.4M stable; evaluating asset-based borrowing proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":48007000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":310500,"accession_number":"0000928054-23-000063","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-04-17T23:59:59+00:00","items":["3.01","802.01","5.02","7.01","9.01"],"status":"ready","headline":"Flotek receives NYSE notice for below-$1.00 stock price; CEO extended to June 30","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE notified Flotek on Apr 12, 2023 that avg closing price was below $1.00 for 30 consecutive trading days.","Company has six months to cure; stock trades under symbol FTK with \".BC\" designation.","Options to regain compliance include a reverse stock split (ratio range 1:3 to 1:6) pre-approved by shareholders.","Interim CEO Harsha V. Agadi's term extended to June 30, 2023; eligible for a one-time bonus based on performance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329164,"accession_number":"0000928054-23-000041","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-03-21T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Flotek Q4 revenue $48.2M (+297% YoY); net loss $19.0M; Adj. EBITDA loss narrows to $5.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year 2022 revenue $136.1M (+215% YoY); net loss $42.3M vs $30.5M in 2021.","Adjusted EBITDA loss improved to $5.1M in Q4 from $8.4M in Q3; sixth consecutive quarterly improvement in margin.","Cash $12.3M at Dec 31, 2022; $4.4M PPP loan forgiven Jan 2023; pursuing asset-based loan options.","Leadership changes: Harsha Agadi interim CEO, David Nierenberg Chair, Ryan Ezell President, Bond Clement CFO.","ProFrac fleet average grew to 21 from 16; US frac fleet market share ~11% at Q4 end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329158,"accession_number":"0000928054-23-000047","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K/A","filed_at":"2023-03-21T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Flotek reports 2022 revenue $136.1M (+215% YoY); net loss $42.3M; material weakness and going concern expected","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2022 revenue $48.2M (+297% YoY, +5.7% sequentially); net loss $19.0M ($0.25/share).","Full-year 2022 Adjusted EBITDA loss $26.2M; Q4 Adj. EBITDA -$5.1M improved from -$8.4M in Q3.","Material weakness in internal controls identified; expects going concern qualification in 10-K due to recurring losses.","Leadership changes: David Nierenberg Chairman, Harsha Agadi Interim CEO, Ryan Ezell President, Bond Clement CFO.","ProFrac fleets grew from 16 to 21; market share ~11% of active US frac fleets; sold Monahans facility for $1.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329163,"accession_number":"0000928054-23-000020","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-02-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Flotek amends ProFrac supply deal; waives past shortfalls, sets 30-fleet ramp by June 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Waived all order shortfall payments accrued before Jan 1, 2023 under the supply agreement with ProFrac.","Ramp-up period Jan–May 2023 to increase ProFrac's active fleets to 30, raising minimum purchase baseline.","Additional fees on certain products; margin increases linked to revenue percentage from non-ProFrac customers.","Flotek believes net present value of economic benefit from amendment exceeds the waived shortfall payments.","ProFrac affiliates hold convertible notes and prefunded warrants in Flotek."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329162,"accession_number":"0000928054-23-000016","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-01-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Flotek files 8-K for investor presentation at Summit; no new material details in filing text","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Company presented at the Investor Summit on January 26, 2023.","Presentation attached as Exhibit 99.1; content not available in provided filing text.","Item 7.01 disclosure is furnished, not filed; no financial results or guidance changes mentioned.","No specific numbers, events, or forward-looking statements identifiable from filing alone."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329161,"accession_number":"0000928054-23-000009","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-01-19T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Flotek CEO John Gibson departs; Harsha Agadi named interim CEO; Ryan Ezell promoted to President","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO John Gibson steps down as Chairman, President & CEO effective Jan 19, 2023; no disagreement with company.","Harsha Agadi, board member since 2020, appointed interim CEO; receives $50,000/month salary and $150,000 RSU grant.","Ryan Ezell promoted from COO to President; no change to salary or equity.","David Nierenberg appointed Non-Executive Chairman; board committees reconstituted.","Gibson receives $1.5M settlement in four installments; forfeits all options and unvested RSUs; 6-month lockup on 250k shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":329160,"accession_number":"0000928054-23-000007","cik":928054,"company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","form_type":"8-K","filed_at":"2023-01-11T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Flotek receives SBA forgiveness of $4.4M PPP loan; balance converted to term loan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SBA forgave $4,400,376.69 in principal and $121,621.52 in interest on PPP loan.","Remaining $387,723.31 converted to an 18-month term loan at 1% interest.","Original PPP loan from PNC Bank dated April 2020; forgiveness effective Jan 10, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":762621360.0343782,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-01-11T23:59:59+00:00|329160"}