Flotek shares close at $23.47 ahead of third-quarter results
Key Facts
Flotek shares, traded under the ticker FTK, closed at $23.47 on November 2, 2026, according to EL7 data. The close came in the session before the third-quarter results statement was due, but its figures could not be verified through an open official source. As a result, no documented figures are available here for revenue in that quarter or its year-over-year change. The trading range during the November 2 session also could not be verified. The latest available financial backdrop is the company’s September increase to its annual outlook, following an earlier revision in August.
On September 9, Flotek raised its 2026 revenue outlook to a range of $360 million to $370 million, from $340 million to $350 million announced on August 4. It also raised its adjusted earnings before interest, taxes, depreciation, amortization and exploration outlook to $50–54 million, compared with a range of $47–51 million in its previous estimate. The two revisions mean the annual guidance changed twice in a short period, while the September range remains the latest guidance in the available information. It could not be verified whether a new outlook revision was issued with the third-quarter results. Accordingly, no new update can be tied to that quarter’s results.
The company attributed September’s increase to continued demand growth, with a particular focus on its international chemicals business. Chief Executive Ryan Ezell said the company “continued to see demand growth, particularly in international chemicals, since raising our 2026 outlook last month.” The company added that its real-time data technologies and chemicals were gaining momentum. These remarks place growth in international activity among the reasons for the previous guidance, but on their own they do not establish what the company delivered in the third quarter. It could not be verified whether the statement published on November 3 attributed any increase in that quarter’s revenue to data analytics or chemicals.
Flotek estimated international chemicals revenue at about $10.6 million in the second quarter of 2026, an increase of more than 450% from the first quarter. At the time, it expected sales from the business to exceed $40 million in the second half of the year, supported by its operations in Saudi Arabia. These figures provide context for the expansion the company referred to in September, but they relate to the second quarter and the second-half outlook, and are not actual third-quarter results. The available information did not include more recent figures showing whether the business reached that expected level. Saudi Arabia remains part of the backdrop to the company’s international sales outlook.
In the second quarter, Flotek reported total revenue of $99.367 million, compared with $58.350 million in the same period of 2025, an annual increase of 70%. Net income was $9.953 million, compared with $1.768 million a year earlier. Adjusted earnings before interest, taxes, depreciation, amortization and exploration reached $16.788 million, versus $8.018 million in the second quarter of 2025. These metrics are historical comparisons for the preceding period and should not be read as third-quarter figures. They provide context for the company’s September guidance.