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FLOTEK INDUSTRIES INC/CN/Bullish
Flotek Industries has entered into a $120 million senior secured term loan facility, consisting of $75 million in initial funding and up to $45 million in delayed-draw commitments. The proceeds will be used to refinance an existing $40 million note, fund capital expenditures for its Data Analytics segment, and support general working capital. Additionally, the company extended the maturity of its existing asset-based loan (ABL) to October 31, 2027.…more
FLOTEK INDUSTRIES INC/CN/
Flotek Industries (FTK) entered into stock transfer agreements on September 11, 2026, with THRC Holdings and Farris Wilks. The company finalized private transactions to issue and exchange 1,319,493 shares to THRC and 987,313 shares to Farris Wilks in exchange for the full cancellation of their respective $34.32 million and $25.68 million term loans.…more
FLOTEK INDUSTRIES INC/CN/
Insider Matthew Wilks of Flotek Industries reported a change in beneficial ownership of securities as of September 11, 2026. This filing serves as a Form 4 notification regarding the insider's equity position.…more
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Flotek Industries Raises FY2026 Sales Guidance
Flotek Industries has increased its fiscal year 2026 sales outlook to a range of $360 million to $370 million, up from the previous $340 million to $350 million. This revised guidance exceeds the analyst consensus estimate of $344.598 million.…more
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Flotek Industries reaffirmed its 2026 financial guidance, noting that the outlook excludes any potential revenue from the Puerto Rico power project currently facing termination threats. While the company has not received a formal termination notice, it acknowledged significant uncertainty regarding the project's future.…more
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