A Houston-based maker of specialty chemicals and real-time measurement tools for the oil and gas industry, Flotek helps producers cut costs and boost output, and has lately added mobile power generation to its lineup. Founded in 1985, it grew out of practical oilfield chemistry before expanding into optical-spectrometer data analytics. Its name blends "Flow" and "Technology" — fitting shorthand for a firm pairing fluid chemistry with digital monitoring.
PREPA terminates Flotek's power purchase agreement, effective immediately
On August 18, 2026, PREPA delivered formal notice terminating Contract No. 2026-P00107, effective immediately.
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Termination grounds: failure to furnish required performance security and the Oversight Board's revocation of approval and direction to terminate.
Flotek had been assigned contractual responsibilities under the PPOA from Enchanted Rock, LLC, with PREPA's consent on July 31, 2026.
The contract was expected to generate ~$40 million annual revenue and ~$400 million 10-year backlog, but no revenue was received and no equipment deployed.
The termination does not affect Flotek's previously issued 2026 financial guidance.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Flotek's Puerto Rico power contract faces revocation and work stoppage; guidance unchanged
Flotek Industries disclosed that the Puerto Rico Oversight Board voted to revoke approval of the PREPA Contract and directed PREPA to terminate it, citing non-compliance with review policy.
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PREPA issued a directive on August 17, 2026, ordering all consortium parties, including Flotek, to halt work on the project pending evaluation.
The Oversight Board's decision followed a statement by ERock Inc. that Enchanted Rock was not a party to the project and its signature was used without authorization.
Flotek had been assigned the contractual role previously held by Enchanted Rock on July 31, 2026, with PREPA's consent.
Flotek reaffirmed its full-year 2026 guidance of $340-$350 million revenue and $47-$51 million Adjusted EBITDA, excluding any PREPA Contract contribution.
As of the filing date, PREPA had not delivered a formal notice of termination to Flotek.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Flotek wins 10-year, ~$400M revenue backlog deal for PREPA 400 MW gas power project
Flotek Industries announced a 10-year agreement with Puerto Rico Electric Power Authority (PREPA) to support a 400 MW natural gas-fired power generation project.
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Flotek expects a potential 10-year revenue backlog of approximately $400 million, with annual revenue of about $40 million at full deployment.
Flotek will supply up to 40 MW of primary power generation capacity and up to six pairs of smart conditioning and distribution skids via its PWRtek platform.
Deployment of support equipment is expected to begin in Q4 2026, with initial power generation equipment and skids expected by end of Q1 2027.
Flotek partnered with Power Expectations LLC, which leads the Emergency Temporary Power Generation Puerto Rico project (RFP 3PPO-0314-20-TGP2).
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Flotek extends loan maturity to Oct 31, 2026 with option to extend 12 more months
Flotek Industries, Inc. and subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC entered into a Third Amendment to their Revolving Loan and Security Agreement with lender Amerisource Funding, Inc., effective July 15, 2026.
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The Third Amendment extends the loan maturity date to October 31, 2026.
Borrowers may, with at least 30 days' written notice before the maturity date, either extend the loan term for an additional 12 months or terminate the agreement as of the maturity date.
The original Loan Agreement was entered into on August 14, 2023, and previously amended in October 2023 and August 2024.
The filing also reports the creation of a direct financial obligation under Item 2.03, incorporating the details from Item 1.01.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Flotek reports strongest quarterly revenue since 2017, with Q4 2025 revenue up 33% to $67.5 million
Q4 2025 net income was $3.0 million ($0.08 per diluted share), down from $4.4 million ($0.14 per diluted share) in Q4 2024; full-year 2025 net income was $30.5 million ($0.84 per diluted share), up 191% from $10.5 million ($0.34 per diluted share) in 2024.
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Q4 2025 total revenues were $67.5 million, up 33% from $50.8 million in Q4 2024; full-year 2025 revenues were $237.3 million, up 27% from $187.0 million in 2024.
Q4 2025 gross profit was $15.2 million (22.5% of revenue), up 24% from $12.3 million in Q4 2024; full-year 2025 gross profit was $59.8 million (25% of revenue), up 52% from $39.4 million in 2024.
Data Analytics segment revenue surged 307% in Q4 2025 to $10.1 million and 210% for the full year to $27.5 million; Data Analytics gross profit was 48% of total company gross profit in Q4 2025, up from 8% a year ago.
The company revised its Adjusted EBITDA calculation, no longer adding back non-cash amortization of contract assets; revised 2025 Adjusted EBITDA was $32.8 million, up 123% from $14.7 million in 2024.
2026 guidance will be issued with Q1 2026 results; the company entered power services in April 2025, which it says sets the stage for high-margin, recurring revenue growth.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits