Flotek provides update on EPA flare monitoring amendments, sees positive impact; Data Analytics revenue up 30% QoQ

FLOTEK INDUSTRIES INC/CN/

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.

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