Earnings Releases·Nov 3, 2026, 5:22 PM ET

Flotek Industries — Q3 2026 Earnings Summary

Total revenue surged 104% year-over-year to $114.4 million in Q3 2026, while Adjusted EBITDA rose 87% to $19.5 million; however, net income declined 35% to $13.3 million ($0.34 EPS) due to a $12.6 million non-cash tax benefit included in the prior year's comparable period.
The company raised its full-year 2026 guidance, increasing total revenue expectations to $382–$390 million and Adjusted EBITDA to $59–$62 million, driven by 104% growth in both Data Analytics and Chemistry Technologies segments.
Strategic capital expansion is supported by a new term loan closed in September 2026, with 2027 capital expenditures projected between $15 million and $20 million to fund the Data Analytics asset base and target behind-the-meter power generation markets.
Significant balance sheet shifts occurred in the first nine months of 2026, including a rise in total liabilities to $167.6 million and a net cash outflow from operating activities of $16.8 million, alongside a 104% increase in related party Chemistry revenue to $50.3 million.