Flotek Q2 revenue up 70% to $99.4M; raises 2026 guidance; wins $400M Puerto Rico contract

FLOTEK INDUSTRIES INC/CN/

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.

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