Flotek Industries, Inc (NYSE:FTK) Accelerates Growth With New Utility Power Services Contract

Flotek shows a momentum-driven setup: a recently disclosed utility services contract adds a commercial revenue thread while technical indicators signal near-term weakness that could test that narrative.

Recent News

On March 3, 2026, Flotek announced its first contract to deliver power services for utilities infrastructure support, describing the award as an expansion of its PWRtek mobile power services capability into utility-scale customers.

Technical Analysis

Directional indicators convey bearish pressure despite no established trend. ADX stands at 14.23, indicating no dominant trend, while DI+ at 20.01 shows a peak-and-reversal (bearish) and DI- at 19.77 shows a dip-and-reversal (bearish). The combination implies recent directional conflict with a net tilt toward sellers that has not yet matured into a clear trend.

MACD presents bearish momentum. The MACD value sits slightly negative with a peak-and-reversal shape and remains below its 0.01 signal line, indicating declining momentum rather than a fresh bullish crossover.

MRO reads 19.16 and recently peak-and-reversed; the positive MRO implies price sits above the model target and therefore faces downside pressure toward that target, adding a mean-reversion bias to the short-term outlook.

RSI at 48.66 lies near neutral but shows a peak-and-reversal pattern; that signals fading short-term bullish conviction and supports a view of mild near-term weakness rather than oversold reversal dynamics.

Price relationships accentuate near-term resistance. The close at $15.97 sits below the 12- and 26-day EMAs (~$16.47 and $16.48) and below the 20‑ and 50‑day averages (~$16.64 and $16.56), signaling short-term technical underperformance. Price remains above the 200‑day average ($15.47), which provides longer-term support. Bollinger bands place the close near the lower band region, and the Ichimoku cloud (Senkou A/B ~ $17.67/$17.66) keeps price beneath the cloud, reinforcing short-term downside friction and overhead resistance near the $17–$17.7 area.

Volume and volatility depict muted but watchable activity. Daily volume (~252,516) tracks slightly above the 10‑day average and below the 200‑day average, indicating modest participation. Short-term beta (42‑day) equals 0.42, showing limited immediate sensitivity to the market, while 52‑week beta at 1.60 reflects higher longer-term volatility; swing traders should expect episodic moves rather than steady trending behavior.

 


Fundamental Analysis

Earnings and near-term expectations: reported EPS for the quarter equals $0.14 versus an estimate of $0.15, an EPS surprise of -6.67%. Forward EPS sits at $0.24, implying expected earnings growth versus the trailing quarter.

Growth metrics read mixed. YoY earnings growth equals +159.26% while sequential earnings changed by -165.97% (QoQ), reflecting sizable variability across reporting periods. Revenue growth registers 0.0% for the latest period with QoQ and YoY labels at -100.00%, indicating static or lumpy top-line movement in the most recent comparisons; readers should treat those revenue percentages as reflecting quarter-specific timing and comparability effects rather than steady expansion.

Profitability and cash: cash flow margin and cash flow to earnings both show $0.00 in the latest figures, which highlights limited operating cash conversion detail in the most recent disclosure. Invested capital equals $44,421,000 and cost of debt measures 1.71%, indicating relatively inexpensive interest-bearing financing on the balance sheet.

Valuation metrics: the reported P/E stands at 118.31 while forward P/E equals 72.44; the forward multiple compresses relative to the trailing P/E, consistent with forecasted earnings improvement. PEG registers 2.13 and forward PEG 1.30, with the current PEG above the industry peer mean of -5.03 and the current P/E slightly below the industry peer mean of 132.83, placing Flotek’s valuation inside the peer range but differentiated on growth-adjusted metrics. WMDST values the stock as fair-valued.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2026-03-31
REPORT DATE: 2026-05-05
NEXT REPORT DATE: 2026-08-04
CASH FLOW  Begin Period Cash Flow
 Operating Cash Flow
 Capital Expenditures
 Change In Working Capital
 Dividends Paid
 Cash Flow Delta
 End Period Cash Flow
 
INCOME STATEMENT REVENUE
 Total Revenue
 Forward Revenue
COSTS
 Cost Of Revenue
 Depreciation
 Depreciation and Amortization
 Research and Development
 Total Operating Expenses
PROFITABILITY
 Gross Profit
 EBITDA
 EBIT
 Operating Income
 Interest Income
 Interest Expense
 Net Interest Income
 Income Before Tax
 Tax Provision
 Tax Rate
 Net Income
 Net Income From Continuing Operations
EARNINGS
 EPS Estimate 0.15
 EPS Actual 0.14
 EPS Difference -0.01
 EPS Surprise -6.667 %
 Forward EPS 0.24
 
BALANCE SHEET ASSETS
 Total Assets
 Intangible Assets
 Net Tangible Assets
 Total Current Assets
 Cash and Short-Term Investments
 Cash
 Net Receivables
 Inventory
 Long-Term Investments
LIABILITIES
 Accounts Payable
 Short-Term Debt
 Total Current Liabilities
 Net Debt
 Total Debt
 Total Liabilities
EQUITY
 Total Equity
 Retained Earnings
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share
 Shares Outstanding
 Revenue Per-Share
VALUATION
 Market Capitalization
 Enterprise Value
 Enterprise Multiple
Enterprise Multiple QoQ
Enterprise Multiple YoY
Enterprise Multiple IPRWA
 EV/R
CAPITAL STRUCTURE
 Asset To Equity
 Asset To Liability
 Debt To Capital
 Debt To Assets
Debt To Assets QoQ
Debt To Assets YoY
Debt To Assets IPRWA
 Debt To Equity
Debt To Equity QoQ
Debt To Equity YoY
Debt To Equity IPRWA
PRICE-BASED VALUATION
 Price To Book (P/B)
Price To Book QoQ
Price To Book YoY
Price To Book IPRWA
 Price To Earnings (P/E) 118.311
Price To Earnings QoQ -36.198 %
Price To Earnings YoY 163.713 %
Price To Earnings IPRWA high: 441.203
mean: 132.829
FTK: 118.311
median: 82.472
low: -99.477
 PE/G Ratio 2.13
 Price To Sales (P/S)
Price To Sales QoQ
Price To Sales YoY
Price To Sales IPRWA
FORWARD MULTIPLES
Forward P/E 72.437
Forward PE/G 1.304
Forward P/S
EFFICIENCY OPERATIONAL
 Operating Leverage
ASSET & SALES
 Asset Turnover Ratio
Asset Turnover Ratio QoQ
Asset Turnover Ratio YoY
Asset Turnover Ratio IPRWA
 Receivables Turnover
Receivables Turnover Ratio QoQ
Receivables Turnover Ratio YoY
Receivables Turnover Ratio IPRWA
 Inventory Turnover
Inventory Turnover Ratio QoQ
Inventory Turnover Ratio YoY
Inventory Turnover Ratio IPRWA
 Days Sales Outstanding (DSO)
CASH CYCLE
 Cash Conversion Cycle Days (CCC)
Cash Conversion Cycle Days QoQ
Cash Conversion Cycle Days YoY
Cash Conversion Cycle Days IPRWA high: 165.497
median: 84.628
mean: 74.206
low: 17.534
FTK: 0
CAPITAL DEPLOYMENT
 Cash Conversion Ratio
 CapEx To Revenue
 CapEx To Depreciation
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital
 Net Invested Capital
 Invested Capital 44.4 M
 Net Tangible Assets
 Net Working Capital
LIQUIDITY
 Cash Ratio
 Current Ratio
Current Ratio QoQ
Current Ratio YoY
Current Ratio IPRWA
 Quick Ratio
Quick Ratio QoQ
Quick Ratio YoY
Quick Ratio IPRWA
COVERAGE & LEVERAGE
 Debt To EBITDA
 Cost Of Debt 1.709 %
 Interest Coverage Ratio
Interest Coverage Ratio QoQ
Interest Coverage Ratio YoY
Interest Coverage Ratio IPRWA
 Operating Cash Flow Ratio
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO)
DIVIDENDS
 Dividend Coverage Ratio
 Dividend Payout Ratio
 Dividend Rate
 Dividend Yield
PERFORMANCE GROWTH
 Asset Growth Rate
 Revenue Growth 0.0 %
Revenue Growth QoQ -100.0 %
Revenue Growth YoY -100.0 %
Revenue Growth IPRWA high: 19.428 %
FTK: 0.0 %
mean: -10.754 %
median: -10.818 %
low: -29.607 %
 Earnings Growth 55.556 %
Earnings Growth QoQ -165.972 %
Earnings Growth YoY 159.256 %
Earnings Growth IPRWA high: 71.429 %
FTK: 55.556 %
mean: -13.644 %
median: -21.99 %
low: -102.622 %
MARGINS
 Gross Margin
Gross Margin QoQ
Gross Margin YoY
Gross Margin IPRWA
 EBIT Margin
EBIT Margin QoQ
EBIT Margin YoY
EBIT Margin IPRWA
 Return On Sales (ROS)
Return On Sales QoQ
Return On Sales YoY
Return On Sales IPRWA
CASH FLOW
 Free Cash Flow (FCF)
 Free Cash Flow Yield
Free Cash Flow Yield QoQ
Free Cash Flow Yield YoY
Free Cash Flow Yield IPRWA
 Free Cash Growth
Free Cash Growth QoQ
Free Cash Growth YoY
Free Cash Growth IPRWA
 Free Cash To Net Income
 Cash Flow Margin 0.0 %
 Cash Flow To Earnings 0.0
VALUE & RETURNS
 Economic Value Added
 Return On Assets (ROA)
Return On Assets QoQ
Return On Assets YoY
Return On Assets IPRWA
 Return On Capital Employed (ROCE)
 Return On Equity (ROE)
Return On Equity QoQ
Return On Equity YoY
Return On Equity IPRWA
 DuPont ROE
 Return On Invested Capital (ROIC)
Return On Invested Capital QoQ
Return On Invested Capital YoY
Return On Invested Capital IPRWA

Six-Week Outlook

Expect a constrained, range-bound market phase with a modest downside bias over the next six weeks. Technical indicators point to short-term selling pressure without an established trend, and MRO’s above-target signal favors mean reversion. Near-term catalysts that could alter that path include operational execution of the newly awarded utility power services contract and updates to data‑analytics revenue cadence; absent fresh positive flow, technical resistance around the mid‑$17s and the Ichimoku cloud should cap rallies while the 200‑day average offers the most reliable support. Low short-term beta reduces the likelihood of abrupt market-driven breakouts, but the elevated 52‑week beta implies occasional wider moves if a catalyst emerges.

About Flotek Industries, Inc.

Flotek Industries, Inc. (NYSE:FTK) develops advanced solutions at the crossroads of green chemistry and data analytics, enhancing industrial and commercial operations worldwide. Founded in 1985 and based in Houston, Texas, Flotek operates through two primary segments: Chemistry Technologies and Data Analytics. In the Chemistry Technologies segment, Flotek designs and manufactures environmentally friendly specialty chemicals. These products play a crucial role in increasing the efficiency and profitability of hydrocarbon producers, serving a wide range of clients including oil and gas companies, as well as geothermal and solar energy firms. Flotek prioritizes sustainable solutions, aligning with the shifting dynamics of the energy sector. The Data Analytics segment provides innovative data solutions, offering equipment and services that deliver essential insights into the composition of hydrocarbon fluids. This empowers energy companies to optimize operations and make informed decisions. Flotek’s operations span the globe, from the United States to the United Arab Emirates and beyond, leveraging in-house sales expertise and strategic partnerships. With a focus on innovation and sustainability, Flotek Industries contributes to the evolving landscape of energy and industrial chemistry.



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