Form 8-K
8-K — FLOTEK INDUSTRIES INC/CN/
Accession: 0000928054-26-000044
Filed: 2026-05-05
Period: 2026-05-05
CIK: 0000928054
SIC: 2890 (MISCELLANEOUS CHEMICAL PRODUCTS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ftk-20260505.htm (Primary)
EX-99.1 (ex991-q12026.htm)
EX-99.2 (exhibit992-flotek1q2026e.htm)
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8-K
8-K (Primary)
Filename: ftk-20260505.htm · Sequence: 1
ftk-20260505
0000928054FALSE00009280542026-05-052026-05-05
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 5, 2026
Date of Report (Date of earliest event reported)
Flotek Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-13270 90-0023731
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
5775 N. Sam Houston Parkway W., Suite 400 Houston, TX, 77086
(Address of principal executive office and zip code)
(713) 849-9911
(Registrant’s telephone number, including area code)
(Not applicable)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of Exchange on which registered
Common Stock, $0.0001 par value FTK NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02
Results of Operations and Financial Condition
On May 5, 2026, Flotek Industries, Inc. (the “Company”) issued a press release providing its financial results for the quarter ended March 31, 2026, initiating 2026 guidance and announcing that it will hold a conference call to discuss its financial and operating results. The press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as otherwise expressly stated in such filing.
Item 7.01
Regulation FD Disclosure
On May 5, 2026, the Company provided on its website a presentation containing information relating to its current operations and financial results. A copy of the presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
The information furnished pursuant to Item 7.01 of this Current Report on 8-K and in Exhibit 99.2 shall not be deemed to be “filed” for the purposes of the Exchange Act, is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01
Financial Statements and Exhibits.
d) Exhibits.
Exhibit Number Description
99.1
Press Release dated May 5, 2026
99.2
Presentation of Flotek Industries, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FLOTEK INDUSTRIES, INC.
Date: May 5, 2026
/s/ Bond Clement
Name: Bond Clement
Title: Chief Financial Officer
EX-99.1
EX-99.1
Filename: ex991-q12026.htm · Sequence: 2
Document
Exhibit 99.1
Flotek Reports Record Data Analytics Revenue and Strong First Quarter Results
HOUSTON, May 5, 2026 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the quarter ended March 31, 2026. The Company also provided 2026 guidance that reinforces its multi-year track record of transformational revenue and profitability growth.
A summary of key financial metrics compared to the prior-year quarter is as follows (in thousands, except ‘per share’ amounts):
Three Months Ended March 31,
2026 2025 % Change
Total Revenues $ 70,051 $ 55,362 27%
Gross Profit $ 15,541 $ 12,449 25%
Net Income $ 4,664 $ 5,380 (13)%
Diluted Income Per Share $ 0.12 $ 0.17 (29)%
Adjusted EBITDA (1)
$ 9,093 $ 6,298 44%
First Quarter 2026 Highlights
•Total revenue grew 27% as compared to the first quarter of 2025 highlighted by 295% growth in Data Analytics revenue.
•Chemistry Technologies revenue rose 13% to its highest quarterly level in over 7 years.
•Data Analytics achieved its highest-ever quarterly revenue.
•Data Analytics accounted for 50% of total gross profit versus 8% in the prior-year quarter.
•In late March, equipment mobilization commenced in connection with the Company’s recently announced power services contract.
XSPCT Named 2026 Product of the Year
The XSPCT™ was recognized by the Analyzer Technology Conference, the premier technical event dedicated to analysis and measurement in the chemical processing industry, for its breakthrough innovation, performance, and real-world impact in process analytics. In upstream applications, the XSPCT™ enables digital sampling by delivering continuous, real-time compositional analysis directly in line with the process stream eliminating the delays, costs, and inaccuracies of traditional Gas Chromatography sampling and laboratory methods. As operators increasingly demand faster, more reliable, and actionable data, the XSPCT™ delivers the accuracy and responsiveness required in today’s operating environments, helping redefine what is possible in process optimization, custody transfer, and operational efficiency across the oil and gas value chain. This honor underscores Flotek’s continued leadership in advancing analyzer technology that directly addresses industry needs.
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2026 Outlook
Based on first quarter results and current visibility, Flotek expects:
•2026 Total Revenue: $270 million to $290 million
•2026 Adjusted EBITDA(2): $36 million to $41 million
Data Analytics momentum accelerated with new contracts, expanding the Q2–Q4 2026 expected backlog to $34.1 million and the three-year expected backlog to more than $90 million. Power services led this growth, reinforcing the shift toward high-margin, recurring revenue streams.
Management Commentary
Chief Executive Officer Dr. Ryan Ezell commented, “Our first quarter results build on the strong multi-year growth we have achieved across the business. During the quarter, both our Data Analytics and Chemistry segments delivered impressive year‑over‑year growth. Data Analytics now represents half of the Company’s gross profit, and we expect it to surpass Chemistry as the largest contributor to profit during 2026.
In early March, we announced our first power services contract, marking an important step in diversifying our revenue base beyond traditional oilfield applications. We believe this contract represents the first of many opportunities to capture high‑margin, recurring revenue supporting power generation throughout the energy infrastructure sector.
Our 2026 guidance reflects our focus on the convergence of real-time data and chemistry solutions further advancing our industrial pivot while laying the foundation for future market expansion.”
First Quarter 2026 Financial Results
•Revenue: Flotek reported total revenues of $70.1 million for the first quarter of 2026, an increase of 27%, compared to total revenues of $55.4 million for the first quarter of 2025. Revenue growth during the quarter was comprised of a 13% increase in Chemistry revenue and a 295% increase in Data Analytics revenue as compared to the prior-year quarter. First quarter 2026 revenue included $2.7 million related to the minimum purchase requirements (the “Minimum Purchase Requirements”) under the Company’s long-term supply agreement with ProFrac Services, LLC, as compared to $7.5 million in the prior-year quarter.
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Segment Revenue Summary (in thousands)
Three Months Ended March 31,
2026 2025 % Change
Chemistry Technologies:
External Revenues $ 14,741 $ 22,009 (33)%
Related Party Revenues 44,941 30,729 46%
Total $ 59,682 $ 52,738 13%
Data Analytics:
Product Revenues $ 1,853 $ 1,662 11%
Service Revenues 8,516 962 785%
Total $ 10,369 $ 2,624 295%
•Gross Profit: The Company generated gross profit of $15.5 million during the first quarter of 2026, or 22% of revenues, compared to $12.4 million during the first quarter of 2025. The improvement in first quarter 2026 gross profit was primarily the result of the increased Chemistry and Data Analytics revenue, as compared to the first quarter of 2025. The improvement in gross profit was partially offset by a 64% reduction in revenue attributable to the Minimum Purchase Requirements as compared to the first quarter of 2025.
•Selling, General and Administrative (“SG&A”) Expense: SG&A expense totaled $6.9 million for the first quarter of 2026, or 10% of revenues, compared to $6.3 million during the first quarter of 2025, or 11% of revenues. The increase in current quarter SG&A was primarily the result of higher non-cash stock compensation costs.
•Net Income and EPS: Flotek reported net income of $4.7 million, or $0.12 per diluted share, for the first quarter of 2026. This compares to net income of $5.4 million, or $0.17 per diluted share, for the first quarter of 2025. First quarter 2026 net income was impacted by a higher effective tax rate, as compared to the prior-year quarter, resulting from the partial release of the valuation allowance on deferred tax assets during the third quarter of 2025.
•Adjusted EBITDA (Non-GAAP)(1): Adjusted EBITDA was $9.1 million in the first quarter of 2026, a 44% increase as compared to $6.3 million in the first quarter of 2025. Adjusted EBITDA calculations for the first quarters of 2026 and 2025 do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million, respectively.
(1)A non-GAAP financial measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” section in this release for more information about this measure, including reconciliations to the most comparable GAAP measures. Calculations do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the first quarters of 2026 and 2025, respectively.
(2)A non-GAAP financial measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” section in this release for more information about this measure. We are unable to reconcile this forward-looking non-GAAP financial measure to the most directly comparable GAAP financial measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP financial measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings under the Company’s asset based loan. These items do not impact the non-GAAP financial measure. Guidance does not add back non-cash amortization of contract assets estimated to total $8.4 million during 2026.
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Conference Call Details
The Company plans to host its earnings conference call on Wednesday, May 6, 2026, at 9:00 a.m. CDT (10:00 a.m. EDT).
Participants may access the call through Flotek's website at www.flotekind.com under “News and Events” within the Investor Relations section, by telephone toll free at 1-800-836-8184 (international toll: 1-646-357-8785), or by using the following link to access the webcast: https://app.webinar.net/95QB27jKEvW approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company's website.
Upcoming Events
Below are some upcoming events where you may get the opportunity to meet with our team:
•May 26-28, 2026: Louisiana Energy Conference 2026 (New Orleans, LA)
•June 16-18, 2026: Planet Microcap 2026 (Las Vegas, NV)
•August 17-19, 2026: Enercom: The Energy Investment Conference (Denver, CO)
About Flotek Industries, Inc.
Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company’s top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries.
Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people.
Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.
Forward-Looking Statements
Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance
4
on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.
Investor contact:
Mike Critelli
E: ir@flotekind.com
5
FLOTEK INDUSTRIES, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
March 31, 2026 December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents $ 5,676 $ 5,731
Restricted cash 104 104
Accounts receivable, net of allowance for credit losses of $820 and $764 at March 31, 2026 and December 31, 2025, respectively
21,794 19,043
Accounts receivable, related party, net of allowance for credit losses of $0 at March 31, 2026 and December 31, 2025
61,023 64,204
Equipment credit, related party 11,782 —
Inventories, net 14,303 10,629
Other current assets 2,709 3,445
Current contract asset 8,402 7,621
Total current assets 125,793 110,777
Long-term contract asset 52,102 55,115
Property and equipment, net 21,912 20,344
Right-of-use assets 2,895 3,083
Deferred tax assets, net 27,580 29,152
Other long-term assets 1,561 1,578
TOTAL ASSETS $ 231,843 $ 220,049
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 52,566 $ 48,317
Accrued liabilities 8,771 7,256
Income taxes payable 295 258
Interest payable, related party 986 1,008
Current portion of operating lease liabilities 1,287 1,251
Current portion of finance lease liabilities 156 153
Asset-based loan 4,666 3,332
Total current liabilities 68,727 61,575
Note payable - related party 39,608 39,584
Long-term operating lease liabilities 5,149 5,608
Long-term finance lease liabilities 184 224
TOTAL LIABILITIES 113,668 106,991
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding — —
Common stock, $0.0001 par value, 240,000,000 shares authorized; 37,390,332 shares issued and 36,174,338 shares outstanding at March 31, 2026; 31,320,960 shares issued and 30,130,480 shares outstanding at December 31, 2025
4 3
Additional paid-in capital 435,838 434,964
Accumulated other comprehensive income 130 96
Accumulated deficit (281,116) (285,780)
Treasury stock, at cost; 1,215,994 and 1,190,480 shares at March 31, 2026 and December 31, 2025, respectively
(36,681) (36,225)
Total stockholders’ equity 118,175 113,058
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 231,843 $ 220,049
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FLOTEK INDUSTRIES, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended March 31,
2026 2025
Revenue:
Revenue from external customers $ 18,165 $ 24,423
Revenue from related party 51,886 30,939
Total revenues 70,051 55,362
Cost of goods sold 54,510 42,913
Gross profit 15,541 12,449
Operating costs and expenses:
Selling, general, and administrative 6,925 6,282
Depreciation 631 252
Research and development 396 355
Gain on sale of property and equipment — (7)
Total operating costs and expenses 7,952 6,882
Income from operations 7,589 5,567
Other income (expense):
Interest expense (1,332) (229)
Other income, net 16 106
Total other expense (1,316) (123)
Income before income taxes 6,273 5,444
Income tax expense (1,609) (64)
Net income $ 4,664 $ 5,380
Income per common share:
Basic $ 0.13 $ 0.18
Diluted $ 0.12 $ 0.17
Weighted average common shares:
Weighted average common shares used in computing basic income per common share 36,100 29,683
Weighted average common shares used in computing diluted income per common share 38,340 31,752
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FLOTEK INDUSTRIES, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three Months Ended March 31,
2026 2025
Cash flows from operating activities:
Net income $ 4,664 $ 5,380
Adjustments to reconcile net income to net cash provided by operating activities:
Change in fair value of contingent consideration — (125)
Amortization of contract assets 2,232 1,482
Depreciation 631 252
Amortization of deferred financing costs 95 71
Provision for credit losses, net of recoveries 56 66
Provision for excess and obsolete inventory 396 64
Gain on sale of property and equipment — (7)
Non-cash lease expense 188 318
Stock compensation expense 824 461
Deferred income tax expense 1,572 14
Changes in current assets and liabilities:
Accounts receivable (2,808) (2,489)
Accounts receivable, related party (9,798) 4,124
Inventories (4,070) (354)
Income tax receivable 20 —
Other assets 663 (540)
Accounts payable 4,249 893
Accrued liabilities 1,515 (1,811)
Operating lease liabilities (423) (568)
Income taxes payable 37 82
Interest payable, related party (22) —
Net cash provided by operating activities 21 7,313
Cash flows from investing activities:
Capital expenditures (1,002) (598)
Proceeds from sale of assets — 7
Net cash used in investing activities (1,002) (591)
Cash flows from financing activities:
Payments on long term debt — (45)
Proceeds from asset-based loan 55,100 53,345
Payments on asset-based loan (53,766) (58,136)
Proceeds from exercise of April 2025 Warrant 1 —
Payments to tax authorities for shares withheld from employees (456) (23)
Proceeds from issuance of stock under Employee Stock Purchase Plan 44 31
Proceeds from issuance of stock from stock option exercises 6 —
Payments for finance leases (37) —
Net cash provided by (used in) financing activities 892 (4,828)
Effect of changes in exchange rates on cash and cash equivalents 34 (45)
Net change in cash and cash equivalents and restricted cash (55) 1,849
Cash and cash equivalents at the beginning of period 5,731 4,404
Restricted cash at the beginning of period 104 102
Cash and cash equivalents and restricted cash at beginning of period 5,835 4,506
Cash and cash equivalents at end of period 5,676 6,253
Restricted cash at the end of period 104 102
Cash and cash equivalents and restricted cash at end of period $ 5,780 $ 6,355
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FLOTEK INDUSTRIES, INC.
UNAUDITED RECONCILIATION OF NON-GAAP ITEMS AND NON-CASH ITEMS IMPACTING EARNINGS
(in thousands)
Three Months Ended March 31,
2026 2025
Net income $ 4,664 $ 5,380
Interest expense 1,332 229
Income tax expense 1,609 64
Depreciation and amortization 631 252
EBITDA (Non-GAAP) (1)
$ 8,236 $ 5,925
Stock compensation expense 824 461
Severance and retirement 11 44
Contingent liability revaluation — (125)
Gain on disposal of asset — (7)
Non-Recurring professional fees 22 —
Adjusted EBITDA (Non-GAAP) (1)
$ 9,093 $ 6,298
(1)Management believes that EBITDA and Adjusted EBITDA for the three months ended March 31, 2026 and 2025 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the three months ended March 31, 2026 and 2025, respectively.
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EX-99.2
EX-99.2
Filename: exhibit992-flotek1q2026e.htm · Sequence: 3
exhibit992-flotek1q2026e
Q1 2026 Earnings Presentation May 6, 2026
Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this presentation. Although forward-looking statements in this presentation reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K and Form 10-Q (including, without limitation, in the "Risk Factors" section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation. This presentation includes certain non-GAAP measures. Please refer to the reconciliations provided in the earnings press release and the appendix in this presentation for the most comparable GAAP measure. // 2
92% 8% 1Q25 50%50% 1Q26 Transformation to Data-Driven Growth // 3 THE CONVERGENCE OF REAL-TIME DATA AND CHEMISTRY SOLUTIONS Transforming business through real-time data, monitoring and process control across the energy & infrastructure value chain utilizing proprietary technologies Data Analytics Sustainable chemistry solutions to maximize customer’s value chain while minimizing their environmental impact Chemistry Technologies FLOTEK INDUSTRIES PROFILE: Founded: 1985 Employees: 162 Headquarters: Houston Patents: >130 Segment Gross Profit Contribution: $15.5MM$12.4MM
• Total revenue grew 27% as compared to the first quarter of 2025 highlighted by 295% growth in Data Analytics revenue • Data Analytics accounted for 50% of Company gross profit versus 8% in the prior-year quarter • The XSPCTTM analyzer named Product of the Year at the 2026 Analyzer Technology Conference • 2026 guidance builds upon multi-year trend of transformational revenue and profitability growth Flotek Q1 2026 Highlights // 4 *Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. Calculations above do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the first quarters of 2026 and 2025, respectively. ** A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. Guidance does not add back non-cash amortization of contract assets estimated to total $8.4 million during 2026. In $MM 1Q26 1Q25 % Change Revenue $ 70.1 $ 55.4 27% Gross Profit $ 15.5 $ 12.4 25% Net Income $ 4.7 $ 5.4 (13)% Adj. EBITDA* $ 9.1 $ 6.3 44% Diluted EPS $ 0.12 $ 0.17 (29)% FY 2026 GUIDANCE Metric Guidance Range Midpoint Vs. 2025 Actual Revenue: $270MM - $290MM +18% Adj. EBITDA**: $36MM - $41MM +17% GROWTH TRAJECTORY CONTINUES INTO 2026
$(29.5) $(3.5) $14.7 $32.8 -5% 13% 21% 25% -7% -2% 3% 8% 13% 18% 23% 28% $(30.0) $(20.0) $(10.0) $- $10.0 $20.0 $30.0 $40.0 2022 2023 2024 2025 2026** G ro ss M a rg in A d j. E B IT D A * ($ M M ) Adj.EBITDA* Gross Margin // 5 Transformational Growth Storyline Continues 10yr Supply Contract Secured New Executive Leadership Launched PWRtekTM & XSPCTTM Data Analytics Upstream Market Entry REAL-TIME SOLUTIONS UNLOCK FUTURE SHAREHOLDER VALUE First Utilities Contract TURNAROUND FOUNDATION LEADERSHIP CATALYST DATA BREAKTHROUGH HIGH-MARGIN RAMP EXPLOIT NEW MARKETS *Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. Calculations above do not add back non-cash amortization of contract assets totaling $6.3 million, $5.6 million, $5 million and $3.4 million during the years ended December 31, 2025, 2024, 2023 and 2022, respectively. ** A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. Guidance does not add back expected non-cash amortization of contract assets totaling $8.4 million during 2026. Guidance range $36-41
Market Expansion Through Strategic Execution TOTAL ADDRESSABLE MARKET EXCEEDING $15B PER YEAR COMPLETION CHEMISTRY (PCMTM) // 6 DIGITAL VALUATION (XSPCT TM) MOBILE POWER GENERATION FLARE MONITORING (VERACALTM) GRID & DATA CENTER POWER GENERATION Water Treatment
Data Analytics (DA) // 7
Data Analytics: “Measure More Strategy” Upstream • Power Services: facilitates natural gas utilization in powering turbines and dual-fuel engines • Digital Valuation: delivers real-time product valuations for faster & more accurate Custody Transfer reporting • Flare Monitoring: assisting in the compliance of EPA regulations and enhanced flare efficiency control • Chemical Treatment: Autonomous & Continuous completion chemistry monitoring & treatment Midstream • Gas/Oil processing plant control and optimization • TransMix Pipeline batch detection to optimize pipeline transfer processes • Vapor Pressure Monitoring controls to achieve product specifications • Chemical Treatment: Autonomous & Continuous production/water chemistry monitoring & treatment Downstream • Process Controls: to optimize distillation tower efficiency • Chemical Quality Measurements in pipelines and terminals • Carbon Capture measurement for carbon credits and reporting REAL-TIME MEASUREMENTS FOR EXPANSION INTO NEW MARKETS // 8 Growth Emerging Markets
18% 82% 1Q 2026 Product Revenue Service Revenue* $2.6 $10.4 38% 75% 0% 10% 20% 30% 40% 50% 60% 70% 80% $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 1Q25 1Q26 Data Analytics Improvement Total Revenue Gross Margin % SERVICE REVENUE* GREW 785% SINCE Q1 2025 • Revenue from Power services contract expected to drive sequential DA revenue growth vs 1Q26. // 9 *Service revenues include rental related revenues 62% 38% 1Q 2025 Shift to DAAS Driven Revenue Data Analytics: High Margin Revenue Growth
Data Analytics: Technology Gaining Traction // 10 Recent Wins: • 21 Power Services measurement units added since closing PWRtek • 27 unit order from large OFS customer to monitor field gas for frac power and digital valuation • 15 unit order from major midstream customer for real-time crude/condensate quality measurement • Smart Skid rental to major IOC to optimize gas quality with real-time blending of field gas and CNG • XSPCT named Product of the Year at 2026 Analyzer Technology Conference POWER SERVICES SIGNIFICANTLY IMPROVES ANNUAL REVENUE BACKLOG $34.1 $29.6 $28.4 $28.2 $27.4 $- $5 $10 $15 $20 $25 $30 $35 $40 Q2-Q4 2027 2028 2029 2030 C o n tr ac te d R ec u rr in g R e ve n u e ($ M M ’s ) Data Analytics Recurring Contracted Backlog* *Includes PWRtek Lease Agreement and annual contractual services. Excludes revenue from Power Services Contract beyond 2026. 2026
Data Analytics: Power Services // 11 • Delivered enhanced real-time Blending & Conditioning smart skid in April, already live with an energy provider in May • Protects mobile gas-powered engines • Controls OEM engines to optimize efficiency and reduce maintenance downtime • Enables field gas as a cost-effective substitute to diesel or CNG • Delivers accurate, real-time BTU monitoring for precise royalty reporting and payment • Enhances safety and operational control through advanced warning and shutoff technology PWRTEK EXPANDS PATENTED GAS CONDITIONING TECHNOLOGY PORTFOLIO TM New Blending and Conditioning Smart Skid PWRtek Digital Interface and Controls Expect to have analyzers on more than 50% of currently active North American frac fleets by year-end
Data Analytics: Power Services Contract // 12 FIRST INFRASTRUCTURE & UTILITIES POWER CONTRACT WON IN Q1 2026 Key Contract Terms: • Up to 50 MW deployment for federal disaster recovery • 6-month initial term with customer option to extend 4 years • Proprietary PWRtekTM reduces risks from variable gas quality in harsh conditions Progress Update: Phase 1- (12 MW total) • Site prep work ongoing • Gas conditioning, distribution and initial power (6 MW) deployed • Additional 6 MW expected to deploy in late Q2 early Q3 Expected 2026 Impact: $12 million in revenue at ~30% gross margin Phase 2 Extension Deployment Power Load Assessment Site Visits & Selection Contract Award Proposal
Data Analytics: Digital Valuation // 13 • In 2025, the XSPCTTM analyzer was introduced for custody transfer and/or digital valuation (Gas & Crude Quality) – Accurate Real-time Data Quality/Volume Visibility – No Venting, No Consumables, Lower OpEx – Built to Last in Remote Field Environments • In Nov 2025, the XSPCTTM was the first optical spectrometer to successfully achieve the GPA 2172 standard • In March 2026, XSPCTTM was named Product of the Year at the 2026 Analyzer Technology Conference • 57 digital valuation units currently deployed or on order to be delivered vs 25 active units at year-end XSPCTTM CONTINUES TO EXPAND DATA ANALYTICS DAAS REVENUE XSPCT Analyzer Installed on customer location
Chemistry Technologies (ECT) // 14
Chemistry Technologies: Market Growth // 15 • Chemistry revenue increased 26% despite a (21%) drop in avg. fleet count • Middle East Sales for 2H2026 expected to ramp • Expecting growth in external chemistry sales in 2Q26 vs. 1Q26 • Prescriptive Chemistry Management (PCM) Data Services continues to emerge as growth opportunity in 2026 FLOTEK GAINS MARKET SHARE IN A CONTRACTING MARKET *Chemistry Technology Revenue excludes Related Party order shortfall payment “OSP” **Fleet Count numbers sourced from Primary Vision $45.3 $56.9 202 159 150 160 170 180 190 200 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 1Q25 1Q26 Total Chemistry Revenue* Chemistry Revenue* Avg. Frac Fleet Count**
$2.50 $4.50 $6.50 $8.50 $10.50 $12.50 $14.50 $16.50 $18.50 Flotek Industries (FTK) Industry: Energy & Technology // 16 Flotek Industries AN INDUSTRIALIZED PIVOT TO DATA DRIVEN GROWTH Flotek: Turnaround Story • Leadership: New Executive Team 2023: Common Stock +356%* through Q1 2026 • Growing Profits: 1Q26 YoY Gross Profit was up 25% • Proven Momentum: 3 Straight Years of Adjusted EBITDA** Growth The Convergence of Real-time Data & Chemistry • Cycle-Resistant Revenue: Long-term contracts shield against O&G volatility • Differentiated Tech: Innovative Data and Chemistry solutions deliver superior value • 2026 Growth Catalyst: PWRtek unlocks high-margin recurring revenue Proprietary Tech Fuels Recurring, High-Margin Growth • PWRtek TM : Optimized asset protection on mobile gas-powered services • XSPCT TM : 2026 Winner of Product of the Year at Analyzer Tech Conference • VeraCal TM : Top OOOOb EPA-certified flare monitoring solution • Market Creation: Expanded annual addressable market by >$3B in 2025 *New CEO Announced: June 6, 2023 closing stock price: $3.72 compared to March 31, 2026 closing stock price: $16.97 **Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. ***A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. $38.5 million reflects the mid-point of 2026 guidance as shown on slide 4 and does not add back expected non-cash amortization of contract assets totaling $8.4 million. 2023 2024 2025 356% 2026 $mm 2025 2026 Md Pt Revenue $237 $280 Adj EBITDA** $32.8 $38.5*** $mm 12/31/25 3/31/26 Net Debt $37 $38.5 Leverage Ratio 1.1X 1X (a) Market Cap $519 $614 (a) using mid-point 2026 guidance
// 17 Louisiana Energy Conference May 26-28th 2026 Four Seasons New Orleans, LA Planet MicroCap 2026 June 16-18th 2026 Bellagio Hotel & Casino Las Vegas, NV Enercom Denver August 17-19th 2026 The Westin Denver, CO Lake Street Best Ideas Growth Conference September 2026 New York, NY Investor Contact: Mike Critelli ir@flotekind.com Upcoming 2026 Events JOIN US
Appendix
We tested against Traditional Gas Chromatography (GC) • Zero GC Samples matched the 60-day Average Gas BTU Value • 20-25% swings in “Associated Gas” BTU value • 16% Variances within manual sampling processes • Missed High Value Liquids on “dry gas” wells Data Analytics: Digital Valuation Solution // 19 INITIAL PENETRATION INTO SIGNIFICANT UPSTREAM APPLICATIONS No Shelter, No Calibration Gas, Remotely/Continuously Monitored San Antonio Houston Example: 60 days of real-time BTU Values; demonstrates extreme variability. GC Spot Sample Lab Test $4.4MM* ANNUAL PROCEEDS IMPACT PER UNIT *$2.50 $/MMbtu @ 15mmscf/D
Liquids In “Dry Associated Gas” // 20 $1.4MM* IN POTENTIAL ASSOCIATED GAS PROCEEDS High-Value Liquids Found in “Dry Gas” Typical Spectral Response for Associated Gas During Trial Water • Associated gas is “assumed” to be dry gas • GCs remove any liquids prior to measurement • Operators and mineral owners are not being compensated for “carry-over” products Liquids In “Dry Associated Gas” Line *$2.50 $/MMbtu @ 15mmscf/D
Data Analytics: Power Services // 21 PATENTED TECHNOLOGY ENABLES SCALABLE, LOW COST, GRID-FREE ENERGY, & ENGINE PROTECTION City Gas CNG Field Gas Waste/Biogas Measure Control Distribute Reciprocating Engine Gas Turbine Engine Control Module BTU CH4 Number HHV LHV Wobbe Index H2S and CO2 Volume Density ESD Protection Liquids Separation Blending Scrubbing Durability Efficiency Smaller Footprint Emissions Pressure Temperature Plug N Play Redundancy Optimize Volume Diesel (Blending Substitute) Alternative Fuel Source Incumbent Fuel Source
Data Analytics: VeraCal Flare Solution // 22 LEADING FLARE OOOOb/c MEASUREMENT SOLUTION Pictured above: The proprietary VeraCal mobile flaring cart on location 2025 Financial Lookback • $2.2MM in 2025 total revenue, of which $900K in rental revenues • Produced ~60% Gross Margins on total revenues Compliance Approval on Flaring Measurement Application • VeraCal was the first EPA approved alternative measurement solution • Current US administration has rolled back enforcement reducing market demand Our Flare Measurement System is Differentiated • Rugged, simple installation on Combustor, Flare, VRU or ECD • Continuous and autonomous monitoring • No consumable calibration gas
// 23
// 24 • Prescriptive Chemistry Management (PCM)TM – Proprietary energy chemistry solutions – Experienced chemistry energy team – Customized solutions to each well’s geology • AI Driven Analytics from >20,000 wells • 10+ Years with no HSE recordable incidents • Real-Time Field Data to Enhance Performance • Field Correlated Diagnostics • +130 Patents DELIVERING TOP TIER WELL PERFORMANCE IN INDUSTRY Chemistry Technologies: Competitive Advantage
Maximizing Customer Return on Investment Data Analytics/Physics Based Modeling on >20k Wells • +10 years Field Completion Data • Reservoir Similarities and Physicochemical Properties • Production Uplift Curve Analysis • Basin Water and Frac Water Properties A Decade of Data with Predictive Models • Polymer Viscosity & Friction Reduction Predictions • Clay Stabilization Analytics • Scale Inhibitor Database • Formation Damage Mechanism Identification Aligning with Vendors and Customers • Leverage vendor data where applicable • Utilize databases to streamline analytical procedures DATA-DRIVEN GEOCENTRIC MODELING DELIVERS PRECISION CHEMISTRY SOLUTIONS // 25
// 26 Recent Financials Unaudited Condensed Consolidated Balance Sheets (in thousands, except per share data)
Recent Financials Unaudited Condensed Consolidated Statement of Operations (in thousands, except per share data) // 27
// 28 Recent Financials Unaudited Condensed Consolidated Statements of Cash Flows (in thousands)
// 29 1) Management believes that EBITDA and Adjusted EBITDA for the three months ended March 31, 2026 and 2025 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million, respectively, during the three months ended March 31, 2026 and 2025. Recent Financials Unaudited Reconciliation of Non-GAAP Items & Non-Cash Items Impacting Earnings (in thousands)(1)
// 30 1) Management believes that EBITDA and Adjusted EBITDA for the twelve months ended December 31, 2025, 2024, 2023 and 2022 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $3.4 million, $5.0 million, $5.6 million and $6.3 million for the years ended December 31, 2022, 2023, 2024 and 2025, respectively. 2) Includes $4.4 million of expenses related to an asset acquisition for the twelve months ended December 31, 2025. Recent Financials Unaudited Reconciliation of Non-GAAP Items & Non-Cash Items Impacting Earnings (in thousands)(1)
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
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- Definition
Local phone number for entity.
+ References
No definition available.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
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- Definition
Trading symbol of an instrument as listed on an exchange.
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No definition available.
+ Details
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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