Flotek Industries Raises 2026 Forecast After Record Data Revenue

The company now projects total revenues between $340 million and $350 million for the year, alongside adjusted EBITDA guidance of $47 million to $51 million. These figures represent a significant upward revision from previous estimates of $270–$290 million in revenue and $36–$41 million in EBITDA. The updated outlook excludes contributions from a newly announced 10-year, $400 million power services contract in Puerto Rico.

Chief Executive Officer Dr. Ryan Ezell highlighted that data analytics surpassed chemistry as the largest contributor to gross profit for the first time, accounting for 51% of the total. While the chemistry segment reported its highest revenue in nearly a decade, the growth in data services—driven by utility infrastructure support—underscores the firm’s ongoing pivot toward a diversified, data-driven technology platform. Net income for the quarter surged to $10 million, or $0.26 per diluted share, up from $1.8 million during the same period last year.