Flotek Q2 revenue jumps on Data Analytics segment growth

Flotek Industries

04/08/2026 21:24

Overview
U.S. chemistry and data tech firm's Q2 revenue grew 70% yr/yr, beating analyst expectations
Net income and diluted EPS rose sharply yr/yr, driven by record Data Analytics segment
Company raised 2026 guidance for revenue and adjusted EBITDA, citing strong year-to-date results

Outlook
Flotek raises 2026 revenue guidance to $340-$350 mln from $270-$290 mln
Company lifts 2026 adjusted EBITDA forecast to $47-$51 mln from $36-$41 mln
Updated 2026 outlook excludes impact from $400 mln Puerto Rico power contract

Result Drivers
DATA ANALYTICS GROWTH - Record revenue in Data Analytics segment, which became the largest contributor to gross profit, driven by increased external customer demand and utility infrastructure support agreement
CHEMISTRY TECHNOLOGIES EXPANSION - Chemistry Technologies revenue reached highest level since 2017, supported by 43% growth in domestic chemistry and 172% growth in international chemistry, particularly in the Middle East

Company press release: ID:nPnbsFYf7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$99.37 mln
$67.72 mln (5 Analysts)
Q2 Net Income
 
$9.95 mln
 
Q2 Gross Profit
 
$23.78 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Flotek Industries Inc is $25.00, about 6.6% below its August 3 closing price of $26.76
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Aug 3 - Tetra Technologies Q2 revenue beats on strength in Completion Fluids & Products segment
Aug 3 - Innovex Q2 revenue, adjusted EBITDA beat estimates on international activity
Aug 4 - Synthomer shares jump as UK specialty chemicals firm lifts 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)