Flotek Industries Inc

Flotek Industries raised its full-year 2026 guidance for the second time in five weeks, citing strong international chemistry sales, and its shares rose 6.7% in pre-market trading. The company now expects revenue of $360M-$370M, up from its August 4 range of $340M-$350M and above the $345M FactSet consensus, and adjusted EBITDA of $50M-$54M, raised from $47M-$51M. At the midpoints, these figures would represent increases of 54% and 58% over 2025. Flotek reported that Q2 international chemistry revenue surged more than 450% quarter-over-quarter to $10.6M, and it anticipates H2 sales could exceed $40M, supported by ongoing work in Saudi Arabia and growth in its data analytics segment.

Flotek Industries reported record quarterly revenue of $99.4 million for the second quarter of 2026, a 70% increase from the prior year, and raised its full-year 2026 revenue guidance to a range of $340 million to $350 million. Adjusted EBITDA reached $16.8 million, up 109% year over year, while net income was $10.0 million, or $0.26 per diluted share. The Data Analytics segment generated $19.2 million in revenue, growing 223% from the second quarter of 2025 and contributing 51% of total gross profit for the first time. The company also announced a 10-year, $400 million contract with the Puerto Rico Electric Power Authority to support 400 megawatts of gas-fired power generation, with deployment expected to begin in the fourth quarter of 2026. International chemistry revenue surged 172% to $10.6 million, driven by expanded operations in the Middle East, and management noted that June chemistry revenue alone exceeded 50% of total chemistry revenue for the entire first quarter of 2026.