Flotek Industries Reports Record Q3 Revenue and Outlines Long-Term Capex Strategy
Flotek Industries (FTK) reported a significant surge in third-quarter revenue, reaching over $114 million. This performance represents more than double the revenue recorded in the third quarter of 2025 and marks the company's highest quarterly revenue since 2014. Looking ahead, management provided guidance for 2026, projecting annual revenue between $382 million and $390 million. To support long-term growth, particularly in its data analytics segment, Flotek has outlined a capital expenditure plan of $15 million to $20 million targeted for 2027.