Latest news with #Flotek
Yahoo
30-06-2025
- Business
- Yahoo
Flotek's Data Analytics Becomes a Key Revenue Growth Driver
Flotek Industries' FTK Data Analytics segment is rapidly becoming the driving force of the company's future. In Q1 2025, revenues from Data Analytics surged by 57% year over year. This impressive growth stems from increasing demand for solutions like gas measurement, flare monitoring, and power generation. Importantly, this isn't just about selling hardware; more and more, this growth comes from long-term service contracts. This shift means Flotek is moving toward high-margin, subscription-based revenues, which provide greater predictability and financial stability for the transformation is fueled not just by demand, but by Flotek's unique service delivery. Their VariX Analyzer and patented Edge-to-Cloud architecture offer real-time hydrocarbon monitoring with top-tier accuracy. This tech advantage helps clients manage fuel quality, optimize turbine operations and minimize downtime, all while ensuring that they meet regulations. As more operators adopt automated, data-driven approaches, Flotek's analytics offerings are becoming financial impact of this shift is remarkable. Data Analytics boasts significantly higher gross margins than Flotek's traditional chemistry business. With more mobile power generation units coming online throughout 2025, recurring revenues are set to jump. What was once a niche offering is now a core profit driver for Flotek. Management even expects Data Analytics to generate over half of Flotek's total profitability by 2026, marking a huge change in the company's earnings structure. To conclude, Flotek's growing Data Analytics business is quickly becoming its defining story for investors. ChampionX CHX is aggressively expanding its data analytics offerings with its Theta Automation & Optimization platform. ChampionX's system blends real-time monitoring with AI for artificial lift optimization, slashing downtime and boosting production efficiency. In particular, ChampionX excels in downhole and production data Baker Hughes BKR provides extensive digital solutions through its Leucipa production management platform, using AI to predict declines and automate workflows. Baker Hughes covers the entire energy lifecycle, from underground to refining, giving it immense scale. Baker Hughes's services are often bundled with larger equipment or contracts. Shares of Flotek Industries have surged more than 200% in the past year. Image Source: Zacks Investment Research From a valuation standpoint, FTK trades at a forward price-to-earnings ratio of around 22. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Flotek Industries' 2025 and 2026 earnings implies a 65% and 35% improvement year over year, respectively. Image Source: Zacks Investment Research The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baker Hughes Company (BKR) : Free Stock Analysis Report Flotek Industries, Inc. (FTK) : Free Stock Analysis Report ChampionX Corporation (CHX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
23-06-2025
- Business
- Yahoo
Flotek Announces Second Quarter 2025 Earnings Release and Conference Call Schedule
HOUSTON, June 23, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its second quarter 2025 financial and operating results. The Company plans to issue its second quarter 2025 financial and operating results press release after market close on Tuesday, August 5, 2025, and will host its earnings conference call on Wednesday, August 6, 2025, at 9:00 a.m. Central (10:00 a.m. Eastern). The press release will be posted on the Company's website at Participants may access the call through Flotek's website at 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: 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. 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 View original content to download multimedia: SOURCE Flotek Industries, Inc.
Business News Wales
23-06-2025
- Business
- Business News Wales
Flotek Strengthens Cloud Infrastructure Capabilities with Acquisition of Microshade
Flotek Group, a Cardiff-based managed IT and communications service provider, has acquired Microshade Business Consultants Limited. Established in 1984, Microshade provides secure IT solutions for over 286 parish councils across the UK and holds ISO 27001:2022 certification. Microshade operates its Cloud Remote Desktop Service at the Southwest Data Centre in Plymouth, where Flotek already maintains a regional office. This acquisition will allow Flotek to provide local IT support and cybersecurity services to parish councils across the country. Additionally, Flotek has been collaborating with Microshade to develop its own Private Application Hosting service, helping businesses move traditional on-premises software, such as accounting software like Sage, Iris, and Pegasus, to a private cloud environment, thereby eliminating the need for on-site servers. This acquisition comes in response to growing demand from customers for Flotek to offer private application hosting. Flotek's initial acquisition was Gower Business Systems, a Pegasus reseller. Jay Ball, CEO of Flotek Group, commented: 'We've had the pleasure of working with the Microshade team for over three years, collaborating on various projects. During the acquisition process, Stuart Wilbur, the founder, sadly passed away. Stuart's vision was to bring advanced technology to the parish council sector, a vision we wholeheartedly share and are committed to continuing. We see tremendous growth potential in hosting our customers' existing server-based applications in our private data centre technology. This complements our existing Microsoft Azure technology offering, as both solutions have their unique advantages in the market.' David Astwood, who will take the position of Head of Infrastructure, added: 'We've worked with the Flotek team for a number of years on joint projects and have enjoyed collaborating on a private cloud offering. We look forward to focusing on growth across the parish councils.' The Microshade team will form the new Cloud Infrastructure team at Flotek, continuing to deliver specialist cloud technology utilising existing data centre relationships and security positions. Microshade, a Microsoft Cloud Partner, will be fully integrated into Flotek over the next 12 months. The acquisition was advised on by Siobhan Williams, senior associate solicitor at Darwin Gray. Siobhan said: 'We are delighted to once again be advising Flotek on another exciting acquisition. It's always a pleasure working with Jay and the team at Flotek.' Flotek sees significant opportunities in the parish council sector, where they already have a substantial share, and aims to drive innovation into other vertical sectors such as accounting and legal. Microshade, based in Plymouth, provides secure IT services, including cybersecurity, to national clients.
Yahoo
11-06-2025
- Business
- Yahoo
Bull of the Day: Flotek Industries (FTK)
Flotek Industries (FTK) is a Zack Rank #1 (Strong Buy) that delivers sustainable chemistry solutions and real-time data analytics to clients across the energy and industrial sectors. The stock has surged to multi-year highs after a strong earnings report. Investors are starting to notice this relative strength in a sector that has been weak so far in 2025. Flotek Industries, Inc. is a Houston-based technology company that operates through two core segments: Chemistry Technologies (CT) and Data Analytics (DA). Its Chemistry Technologies division formulates and supplies environmentally conscious specialty chemicals designed to improve the efficiency and profitability of oil and gas production. These green chemistries are tailored to support a broad range of energy producers, including those in oil, gas, geothermal, and alternative energy. The Data Analytics segment complements Flotek's chemistry business by providing real-time measurement and insight tools that allow customers to monitor and optimize their operations while reducing emissions and carbon intensity. The company is valued at $450 million and has a Forward PE of 30. The stock has Zacks Style Scores of 'A' in Growth but 'D' in Value. Flotek reported a strong first quarter, delivering earnings of $0.17 per share, or a 183% EPS surprise to the upside. Revenue came in at $55.4 million, a 37% year-over-year increase. Both segments helped the quarter, with chemistry revenue up 36% and data analytics jumping 57%. Gross margin reached 23%, and net income rose 244%. Adjusted EBITDA more than doubled to $7.8 million, marking the fifth consecutive quarter of growth. The company guided full-year 2025 revenue to $200–210 million (vs. $203 million expected) and adjusted EBITDA of $34–39 million. At the midpoint, that implies 128% growth in both metrics, with EBITDA margin expected to expand to 17%, up from 11% in 2024. Flotek Industries, Inc. price-eps-surprise | Flotek Industries, Inc. Quote Flotek continues to scale its data analytics business rapidly, underpinned by its April acquisition of 30 gas monitoring and dual-fuel optimization assets tied to a $160 million multi-year contract. That deal is expected to generate over $20 million in annual operating income and push fixed-fee DAS revenue above $27 million in 2026. The stock surged after the earnings report, moving from the $8 area to $16 is just over a week. There has been about a month of consolidation since, but the stock remains near its recent post-earnings highs. Looking at analyst estimates, there is little movement on the short-term timeframe, but upside when looking down the road. For the current quarter, estimates have been lowered over the last 30 days from $0.11 to $0.10. For next quarter there have been no adjustments. For the current year we see numbers going higher over the last 90 days, moving from $0.43 to $0.53, or 23%. For next year there has been a move higher in estimates in just the last 30 days. Numbers have been taken from $0.58 to $0.67, or 15%. The stock has experienced a big move over the last month, more than doubling from the pre-earnings levels. A decade ago, the stock was at much higher levels, and after being left for dead in 2024 is back on the rise. Looking at the long-term chart, the downward trend is clearly broken. The stock has short-term room to the 2020 highs around $19, but investors would be better off waiting for pullbacks, rather than chasing. Let's look at some moving averages where bulls should be watching for support. 21-day: $14.60 50-day: $10.40 200-day: $8.00 Fibonacci Support levels reside at $11.40(50%) and $10.30 (61.8%). Flotek Industries has emerged as a standout in the energy sector, combining strong earnings momentum with a compelling growth story centered on green chemistry and real-time data analytics. The recent price surge reflects investor enthusiasm, but the technical setup suggests that pullbacks to key support levels may offer better entry points for long-term buyers. As energy markets remain volatile and capital flows shift toward differentiated tech-enabled solutions, Flotek's integrated platform and strategic growth initiatives could help it outperform peers. The stock's strong Zacks Rank, paired with bullish revisions and renewed institutional attention, reinforces the bullish case. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flotek Industries, Inc. (FTK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Flotek Industries Added to Russell 3000® Index
HOUSTON, June 3, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that it will be added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index as well as the applicable Russell growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily based upon objective, market-capitalization rankings and style attributes. "Joining the Russell 3000® Index marks another milestone in Flotek's ongoing success, building on three years of progress in creating a dynamic and innovative chemistry and data analytics company," said Dr. Ryan Ezell, CEO of Flotek. "This achievement further amplifies our shareholders' value by elevating our profile within the investment community. We're thrilled to continue sharing Flotek's vision with a broader investor audience through our addition to this prestigious index." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website. 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 About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit 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 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. View original content to download multimedia: SOURCE Flotek Industries, Inc.
