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PREPA terminates Flotek's 10-year power contract; no revenue recognized
PREPA delivered termination notice Aug 18, 2026 for PPOA Contract No. 2026-P00107, effective immediately.
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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.
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Flotek Q2 revenue up 70% to $99.4M; raises 2026 guidance; wins $400M Puerto Rico contract
Net income of $10.0M ($0.26 diluted EPS) vs. $1.8M ($0.05) in Q2 2025; Adjusted EBITDA $16.8M, up 109%.
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Flotek wins 10-year, $400M contract with Puerto Rico Electric Power Authority for 400 MW gas-fired power project
10-year agreement with PREPA; expected revenue backlog of approximately $400 million.
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Flotek Q1 rev $70.1M (+27%); Data Analytics rev up 295% to record; FY26 rev guidance $270-290M
Net income $4.7M ($0.12 diluted EPS) vs $5.4M ($0.17) YoY; Adjusted EBITDA $9.1M (+44%).
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Flotek Q4 revenue $67.5M, highest since 2017; full-year net income up 191%
Q4 revenue $67.5M (+33% YoY); full-year revenue $237.3M (+27% YoY).
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Flotek awarded first utilities contract for up to 50 MW power generation supporting federal disaster recovery
Contract with distributed power providers to coordinate installation of up to 50 MW of generation equipment.
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Flotek Q3 net income surges 704% to $20.4M, adjusted EBITDA up 142%, raises guidance
Total revenue $56.0M (+13% YoY); gross profit $17.8M (+95%); gross margin 32% vs 18%.
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Flotek Q2 revenue up 26% to $58.4M; adjusted EBITDA +113%; Data Analytics revenue surges 189%
Total Q2 revenue $58.35M (+26% YoY), gross profit $14.4M (+57%), adjusted EBITDA $9.5M (+113%).
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Flotek Q1 revenue $55.4M (+37% YoY); net income $5.4M (+244%); initiates 2025 guidance
Q1 2025 adjusted EBITDA $7.8M (+93% YoY); diluted EPS $0.17 vs $0.05.
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Flotek closes $105M acquisition of mobile power generation assets from ProFrac GDM
Total consideration of $105M includes $17.6M offset against order shortfall payments owed under Chemical Products Supply Agreement.
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Flotek acquires mobile power generation assets for $105M; secures 6-year lease with $160M backlog
Acquires digitally enhanced gas conditioning & distribution units from ProFrac GDM for $105M.
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Flotek Q4 revenue up 20% YoY, FY2024 adjusted EBITDA $20.3M beats $18.5M guidance
Q4 2024 revenue $50.8M (+20% YoY); net income $4.4M ($0.14 diluted EPS) vs $2.1M in Q4 2023.
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Flotek Q3 net income doubles to $2.5M, raises 2024 adjusted EBITDA guidance to $16.5-18.5M
Q3 revenue $49.7M (+5% YoY); net income $2.5M ($0.08 EPS) vs $1.3M ($0.04 EPS) YoY.
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Flotek raises 2024 EBITDA guidance to $14-18M; Q2 net income $2.0M vs loss a year ago
Q2 2024 revenue $46.2M, down 9% YoY; net income $2.0M ($0.06 diluted EPS) vs net loss $21K.
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Flotek Q1 net income $1.6M, adjusted EBITDA $4M vs -$3.9M YoY; FY24 EBITDA guidance $10-16M
Revenue $40.4M (-16% YoY); gross profit $8.8M (+369% YoY); gross margin 22%.
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Flotek reports FY2023 net income of $24.7M, first positive adjusted EBITDA since 2017
Full-year revenue $188.1M (+38% YoY); net income $24.7M vs loss $42.3M in 2022.
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Flotek posts Q3 net income of $1.3M, first positive adjusted EBITDA since 2018
Net income $1.3M ($0.04 diluted EPS) vs net loss $18.8M in Q3 2022; revenue $47.3M (+4% YoY).
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Flotek increases credit facility to $13.8M and regains NYSE minimum share price compliance
Revolving credit facility maximum increased from $10M to $13.8125M under First Amendment.
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Flotek Industries announces 1-for-6 reverse stock split effective Sept 25, 2023 to regain NYSE compliance
Board approved 1-for-6 reverse stock split, effective after market close on Sept 25, 2023.
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Flotek expects positive adjusted EBITDA in Q3, announces 1-for-6 reverse stock split
Expects positive adjusted EBITDA in Q3 2023, accelerating from year-end target; first half 2023 revenue up ~$56M YoY.
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Flotek enters $10M ABL facility with Amerisource; CEO cites path to profitability
$10M revolving credit facility based on 85% eligible AR and 60% inventory; potential $5M add-on via real estate pledge.
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Flotek Q2 revenue $50.6M (+72% YoY); gross profit $3.9M, adj. EBITDA -$2.0M improves 48% sequentially
Revenue $50.6M, up 72% YoY and 5% sequentially; FY guidance reaffirmed at $210-230M with adj. gross margin 8-10%.
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Flotek promotes Ryan Ezell to CEO; reaffirms FY 2023 revenue guidance $210M-$230M
Dr. Ryan Ezell appointed CEO, effective June 8, succeeding interim CEO Harsha Agadi.
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Flotek Q1 net income $21.3M, revenue $48.0M (+273% YoY); guides FY 2023 rev $210-230M
Revenue $48.0M, up 273% YoY; gross profit turned positive at $1.9M vs loss a year ago.
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Flotek receives NYSE notice for below-$1.00 stock price; CEO extended to June 30
NYSE notified Flotek on Apr 12, 2023 that avg closing price was below $1.00 for 30 consecutive trading days.
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Flotek reports 2022 revenue $136.1M (+215% YoY); net loss $42.3M; material weakness and going concern expected
Q4 2022 revenue $48.2M (+297% YoY, +5.7% sequentially); net loss $19.0M ($0.25/share).
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Flotek Q4 revenue $48.2M (+297% YoY); net loss $19.0M; Adj. EBITDA loss narrows to $5.1M
Full year 2022 revenue $136.1M (+215% YoY); net loss $42.3M vs $30.5M in 2021.
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Flotek amends ProFrac supply deal; waives past shortfalls, sets 30-fleet ramp by June 2023
Waived all order shortfall payments accrued before Jan 1, 2023 under the supply agreement with ProFrac.
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Flotek CEO John Gibson departs; Harsha Agadi named interim CEO; Ryan Ezell promoted to President
CEO John Gibson steps down as Chairman, President & CEO effective Jan 19, 2023; no disagreement with company.