secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2026-08-18T11:08:34+00:00
Accession:  0000928054-26-000082
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek's Puerto Rico power contract faces termination; FY2026 guidance reaffirmed
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805426000082/0000928054-26-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805426000082/ftk-20260817.htm
  HTML page:      https://secwatch.observer/filing/0000928054-26-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer