Latest news with #FlotekIndustries
Yahoo
02-07-2025
- Business
- Yahoo
ExxonMobil Raises Output at Cepu Block, Boosts Indonesia's Oil Output
Exxon Mobil Corporation XOM, the U.S. oil and gas giant, has ramped up production at the Cepu Block in Indonesia, delivering an additional 30,000 barrels of oil per day. The country's energy ministry made an announcement confirming the increase in production. Prior to this, the Cepu Block was producing at a rate of 150,000 barrels per day (bpd). The block will now produce 180,000 bpd, supporting Indonesia's ambitions to increase oil production. The country had set its oil lifting target for 2024 at 605,000 barrels per day. However, the average production was 579,700 bpd between January and May, falling short of its target levels. The Cepu Block alone accounts for approximately 25% of the nation's total oil production. ExxonMobil operates another project in Indonesia, namely the Banyu Urip project, in collaboration with the state-owned oil company, Pertamina. The Energy Ministry of Indonesia had previously stated that this project holds significant potential, with the capacity to produce up to 1 billion barrels of oil. Indonesia is currently experiencing a decline in national oil production and seeking ways to increase output levels. The Indonesian government has set ambitious production targets of 1 million barrels per day of oil and 12 billion standard cubic feet of gas per day by 2030. This is aimed at offsetting declining production and strengthening the nation's energy security. XOM's Zacks Rank & Key Picks XOM currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are Flotek Industries Inc. FTK, Subsea7 S.A. SUBCY and Oceaneering International OII. While both Flotek Industries and Subsea7 sport a Zacks Rank #1 (Strong Buy) at present, Oceaneering International carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Flotek Industries specializes in green chemistry, providing innovative solutions that reduce the environmental impact of the energy industry. Flotek develops specialty chemicals tailored for both domestic and international energy producers, as well as oilfield service companies. These chemicals not only help reduce the environmental impact of hydrocarbon production but also lower operational costs. Subsea 7 helps build underwater oil and gas fields. It is a leading player in the global offshore energy industry and provides engineering, construction, and related services at offshore oil and gas fields. The long-term outlook for energy demand remains positive, and Subsea7's focus on cost-efficient deepwater projects strengthens the position of its subsea business. Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading offshore equipment and technology solutions provider to the energy industry. OII's proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth. 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 Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis 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
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.
Yahoo
11-06-2025
- Business
- Yahoo
Are Oils-Energy Stocks Lagging Flotek Industries (FTK) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Flotek Industries (FTK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Flotek Industries is a member of our Oils-Energy group, which includes 245 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Flotek Industries is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for FTK's full-year earnings has moved 22.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the latest available data, FTK has gained about 59% so far this year. In comparison, Oils-Energy companies have returned an average of -0.6%. This means that Flotek Industries is performing better than its sector in terms of year-to-date returns. Another Oils-Energy stock, which has outperformed the sector so far this year, is Gibson Energy Inc. (GBNXF). The stock has returned 0.7% year-to-date. Over the past three months, Gibson Energy Inc.'s consensus EPS estimate for the current year has increased 0.9%. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, Flotek Industries is a member of the Oil and Gas - Field Services industry, which includes 23 individual companies and currently sits at #134 in the Zacks Industry Rank. On average, this group has lost an average of 9.6% so far this year, meaning that FTK is performing better in terms of year-to-date returns. Gibson Energy Inc. however, belongs to the Oil and Gas - Integrated - Canadian industry. Currently, this 4-stock industry is ranked #227. The industry has moved +0.4% so far this year. Investors interested in the Oils-Energy sector may want to keep a close eye on Flotek Industries and Gibson Energy Inc. as they attempt to continue their solid performance. 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 Gibson Energy Inc. (GBNXF) : 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
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
