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Flotek Industries Inc (NYSE: FTK) delivers innovative chemistry and data solutions for sustainable energy operations. This page provides investors and industry professionals with centralized access to all official Flotek news and press releases.
Track critical updates across Flotek's core operations: specialty chemical formulations for oilfield efficiency, downhole drilling tools engineering, and artificial lift systems development. Our news collection covers earnings announcements, technology partnerships, product launches, and sustainability initiatives.
Stay informed about developments in Flotek's green chemistry advancements and real-time data analytics solutions that help energy companies reduce environmental impact. Bookmark this page for direct access to strategic updates affecting FTK's market position in energy technology.
Flotek Industries (NYSE: FTK) has scheduled the release of its first quarter 2025 financial and operating results for the period ended March 31, 2025. The company will issue its Q1 2025 results press release after market close on Tuesday, May 6, 2025, followed by an earnings conference call on Wednesday, May 7, 2025, at 9:00 a.m. CST (10:00 a.m. EST).
Stakeholders can participate through multiple channels: via Flotek's website under the Investor Relations section, by toll-free phone (1-800-836-8184), international toll (1-646-357-8785), or through a webcast link. A recording will be available on the company's website after the call.
Flotek Industries (NYSE: FTK) reported strong Q4 and full-year 2024 results, surpassing annual guidance. Q4 2024 highlights include:
- Total revenue of $50.8M, up 20% vs Q4 2023
- Data analytics service revenue grew 124% vs Q4 2023
- Gross profit increased 30% to $12.3M with 24% margin
- Net income of $4.4M ($0.14 per share)
- Adjusted EBITDA of $7.0M, up 78%
Full-year 2024 achievements:
- Total revenue of $187.0M
- Net income of $10.5M ($0.34 per share) vs loss in 2023
- Record adjusted EBITDA of $20.3M, exceeding guidance by 10%
- 11% reduction in SG&A expenses
The company expanded its technology portfolio with three new Data Analytics solutions: VeraCal, JP3 Raman, and XSPCT, focusing on energy and infrastructure sector innovation.
Flotek Industries (NYSE: FTK) has announced its schedule for releasing Q4 and full-year 2024 financial results. CEO Dr. Ryan Ezell anticipates Q4 2024 to be the strongest quarter of the year in terms of net income and adjusted EBITDA, attributing the improvement to employee efforts and successful execution of corporate strategy focusing on data and chemical solutions integration.
The company will release its financial results after market close on March 10, 2025, followed by an earnings conference call on March 11, 2025, at 9:00 a.m. CST. The call will be accessible through Flotek's website, toll-free telephone numbers, and a webcast link.
Flotek Industries (NYSE: FTK) provided an update on EPA's proposed amendments to flare monitoring regulations. While the amendments address industry concerns about testing complexity, they maintain the potential market scope for monitoring services. The EPA's changes expand some exemptions while limiting 'generally exempted' flares from compliance testing.
The company's JP3 system received EPA approval as an approved measurement technology in July 2024, being the first alternative method approved. Their Data Analytics segment saw a 30% revenue increase in Q3 2024 compared to Q2, partly due to new flare monitoring services. Flotek expects significant growth in 2025 through their VeraCal analyzer, which helps customers comply with updated regulations.
Flotek Industries (NYSE: FTK) reported strong Q3 2024 results with total revenue of $49.7 million, up 5% year-over-year. The company achieved net income of $2.5 million ($0.08 per diluted share) and adjusted EBITDA of $4.8 million, representing increases of 97% and 43% respectively compared to Q3 2023. Data Analytics segment showed impressive growth with a 58% year-over-year revenue increase. Based on strong performance, Flotek increased its 2024 adjusted EBITDA guidance to $16.5-18.5 million from $14-18 million, and adjusted gross profit margin guidance to 20-22% from 18-22%.
Flotek Industries, Inc. (NYSE: FTK) has announced the schedule for releasing its third quarter 2024 financial and operating results for the period ended September 30, 2024. The company plans to:
- Issue its Q3 2024 financial and operating results press release after market close on Monday, November 4, 2024
- Host its earnings conference call on Tuesday, November 5, 2024, at 9:00 a.m. CST (10:00 a.m. EST)
Participants can access the call through Flotek's website, by telephone, or via a webcast link. A recording of the call will be available on the company's website following the conclusion of the conference call.
Flotek Industries (NYSE: FTK), a leader in green chemical technology and data analytics, is set to present at the 2024 Annual Gateway Conference in San Francisco. The company's management team will deliver a presentation on September 4th at 12:30 p.m. PT, which will be available via live webcast and replay.
In addition to the presentation, Flotek executives will be available for one-on-one meetings throughout the conference. This event provides an opportunity for investors and analysts to gain insights into Flotek's advanced technology-driven solutions and future strategies. Interested parties can request invitations or schedule meetings by emailing conference@gateway-grp.com.
Flotek Industries (NYSE: FTK) announced its second-quarter 2024 financial results, revealing a significant improvement in profitability metrics compared to Q2 2023. The company reported total revenues of $46.2 million, a 14% increase from Q1 2024 but a 9% decline year-over-year. Gross profit improved to $9.2 million from $3.9 million in Q2 2023, while adjusted gross profit rose to $10.7 million. Net income reached $2 million, compared to a net loss of $21 thousand in Q2 2023. Diluted EPS was $0.06, up from $(0.11).
The company raised its 2024 profitability guidance with adjusted EBITDA expected to range between $14 million and $18 million. Notably, Flotek amended its Asset Based Loan agreement, increasing the loan commitment by 45% to $20 million and reducing the interest rate. The EPA approved the JP3 analyzer for flare emission monitoring, opening a new market with an estimated annual total addressable market of $220 million.
Flotek Industries' (NYSE: FTK) subsidiary JP3 Measurement has received EPA approval for its innovative flare monitoring system under new NSPS OOOOb regulations. The JP3 analyzer, utilizing Near InfraRed Spectroscopy, offers precise measurement of net heating values in flare gases, supporting cleaner operations in the oil and gas industry.
With over 55,000 flares in the US expected to require monitoring by 2028, this approval positions JP3 for significant market expansion. CEO Dr. Ryan Ezell highlighted the potential for subscription-based revenue growth in the Data Analytics segment, while VP Thomas Redlinger emphasized the technology's transformative impact on flare emission monitoring.
Flotek Industries (NYSE: FTK) has announced the release schedule for its second quarter 2024 financial and operating results. The results will be disclosed after market close on August 6, 2024, followed by an earnings conference call on August 7, 2024, at 9:00 a.m. CST (10:00 a.m. EST). The call can be accessed via webcast or phone, with details provided on Flotek's website.
Additionally, Flotek will participate in the EnerCom Denver Energy Investment Conference from August 18-21, 2024. CEO Ryan Ezell will present on August 18, 2024, at 9:15 a.m. MT, discussing recent technology advances in completion chemistry. CFO Bond Clement will join Ezell in meeting with investors during the conference. The presentation and slides will be available on Flotek's website.
