PREPA terminates Flotek's 10-year power contract; no revenue recognized

FLOTEK INDUSTRIES INC/CN/

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.