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The latest announcement is out from Flotek ( (FTK) ).
Flotek Industries reported first quarter 2026 results on May 5, 2026, highlighting a 27% year-over-year increase in revenue to $70.1 million and a 25% rise in gross profit, while net income declined 13% and diluted EPS fell to $0.12. Growth was driven by a 295% surge in Data Analytics revenue and a 13% increase in Chemistry Technologies, with Data Analytics contributing half of gross profit and supported by expanding power services contracts and a larger multi-year backlog.
The company issued 2026 guidance calling for $270 million to $290 million in revenue and $36 million to $41 million in adjusted EBITDA, underscoring a strategic pivot toward higher-margin, recurring data and power services. Recognition of its XSPCT analyzer as 2026 Product of the Year by a leading industry conference reinforced Flotek’s positioning in advanced process analytics and its effort to diversify beyond traditional oilfield chemistry into broader energy infrastructure markets.
The most recent analyst rating on (FTK) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.
Spark’s Take on FTK Stock
According to Spark, TipRanks’ AI Analyst, FTK is a Outperform.
The score is driven primarily by improved financial fundamentals (profitability recovery and sharply reduced leverage) and a strong earnings-call outlook led by fast-growing, high-margin Data Analytics and expected PowerTech growth. Offsetting factors are weaker cash conversion versus earnings, only moderate technical momentum, and a valuation profile that lacks dividend support.
To see Spark’s full report on FTK stock, click here.
More about Flotek
Flotek Industries, Inc. is an energy technology company focused on chemistry technologies and data analytics solutions for the oil and gas value chain and broader energy infrastructure. Its offerings include real-time process analyzers such as the XSPCT system, which supports process optimization, custody transfer, and operational efficiency in upstream and industrial applications.
Average Trading Volume: 250,780
Technical Sentiment Signal: Buy
Current Market Cap: $602.3M
See more insights into FTK stock on TipRanks’ Stock Analysis page.