The second guidance raise in as many months signals accelerating operational momentum, particularly in international chemistry and Data Analytics. Traders should watch for Q3 2026 results to confirm the 2H26 international chemistry revenue trajectory of >$40M and monitor the Montana power services contract for Phase 2 extension discussions.
Price Chart
Executive Summary
Flotek Industries raised its FY2026 guidance for the second time, now expecting revenue of $360M-$370M (up from $340M-$350M) and Adjusted EBITDA of $50M-$54M (up from $47M-$51M), driven by strong international chemistry sales in Saudi Arabia. The company reported Q2 2026 revenue of $99.4M (+70% YoY), net income of $10.0M (+463% YoY), and Adjusted EBITDA of $16.8M (+109% YoY), marking its strongest quarter in a decade. The updated corporate presentation highlights accelerating growth across both Chemistry and Data Analytics segments, with international chemistry revenue expected to exceed $40M in 2H26 alone.
Key Facts
- FY2026 revenue guidance raised to $360M-$370M (midpoint +54% vs 2025)
- FY2026 Adjusted EBITDA guidance raised to $50M-$54M (midpoint +58% vs 2025)
- Q2 2026 revenue $99.4M (+70% YoY), net income $10.0M (+463% YoY), Adj. EBITDA $16.8M (+109% YoY)
- International chemistry revenue $10.6M in Q2 2026, up 172% YoY; 2H26 expected to exceed $40M
- Data Analytics segment achieved highest-ever quarterly revenue, shattering Q1 2026 record by 85%
- 89 digital valuation units deployed or on order vs 25 at end of 2025
- Net debt $45.5M at 6/30/26; leverage ratio 0.9x
Financial Impact
FY2026 revenue midpoint raised by $20M to $365M; Adj. EBITDA midpoint raised by $3M to $52M; Q2 2026 revenue $99.4M, net income $10.0M, Adj. EBITDA $16.8M
Risk Factors
- Execution risk on international chemistry expansion in Saudi Arabia amid geopolitical instability in the Middle East
- Montana power services contract Phase 1 paused due to infrastructure delays; Phase 2 extension not yet awarded
- Net debt increased to $45.5M from $37M at year-end 2025, though leverage ratio improved to 0.9x
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000928054-26-000087 |
| Exhibit: ex991-guidanceupdatesept20.htm | 0000928054-26-000087 |
| Document: ftk-20260909.htm | 0000928054-26-000087 |
| Document: 0000928054-26-000087-index-headers.html | 0000928054-26-000087 |
| Document: 0000928054-26-000087-index.html | 0000928054-26-000087 |
| Document: 0000928054-26-000087.txt | 0000928054-26-000087 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $28.95 $29.79 | ▲ +2.90% | ▲ +3.32% | $24.62 (−14.96%) |
Sep 15, 2026 5w ago | SC 13D/A | $28.13 $30.43 | ▲ +8.18% | ▲ +6.35% | $24.62 (−12.48%) |
Sep 15, 2026 5w ago | Insider Cluster | $28.13 $30.43 | ▲ +8.18% | ▲ +5.61% | $24.62 (−12.48%) |
Sep 9, 2026 6w ago | 8-K | $27.88 $28.13 | ▲ +0.90% | ▲ +1.99% | $24.62 (−11.69%) |
Aug 19, 2026 9w ago | 8-K | $25.17 $23.61 | ▲ +6.20% | ▲ +5.81% | $24.62 (+2.19%) |
Aug 18, 2026 9w ago | 8-K | $27.02 $24.00 | ▲ +11.18% | ▲ +10.98% | $24.62 (+8.88%) |
Aug 18, 2026 9w ago | Press Release | $27.02 $24.00 | ▲ +11.18% | ▲ +10.98% | $24.62 (+8.88%) |
Aug 4, 2026 11w ago | 8-K | $36.07 $37.17 | ▲ +3.05% | ▲ +2.70% | $24.62 (−31.74%) |
Jul 6, 2026 16w ago | Press Release | $22.40 $26.77 | ▲ +19.51% | ▲ +18.96% | $24.62 (+9.91%) |
May 5, 2026 24w ago | 8-K | $16.33 $17.00 | ▲ +4.10% | ▲ +2.97% | $24.62 (+50.77%) |
US Market Status
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