{"schema_version":"secwatch.filing_event.v1","accession":"0000928054-26-000084","form_type":"8-K","ticker":"FTK","cik":"0000928054","company_name":"FLOTEK INDUSTRIES INC/CN/","filed_at":"2026-08-19T13:27:10+00:00","discovered_at":"2026-08-19T13:28:00.279747+00:00","generated_at":"2026-08-19T13:28:04.655905+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PREPA terminates Flotek's 10-year power contract; no revenue recognized","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000928054-26-000084","json":"https://secwatch.observer/filing/0000928054-26-000084.json","markdown":"https://secwatch.observer/filing/0000928054-26-000084.md","text":"https://secwatch.observer/filing/0000928054-26-000084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928054/000092805426000084/0000928054-26-000084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928054/000092805426000084/ftk-20260818.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-19T13:28:04.655905+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}