FTK

In the past six months, Flotek Industries' stock was affected by several events. The company repeatedly raised its full-year 2026 guidance for total revenue and Adjusted EBITDA, citing strong international chemistry sales and momentum in its data analytics business, with expectations to exceed $40 million in international chemistry revenue in the second half of 2026. In early August 2026, Flotek announced a 10-year contract for a Puerto Rico power project, projecting a $400 million revenue backlog, but this contract was terminated on August 17, 2026, following allegations of unauthorized signatures, leading to a significant stock price drop of over 20% and further declines. Additionally, in September 2026, Flotek secured a $120 million senior secured term loan to support strategic growth.