WEB NEWS Research
Flotek Industries, Inc. (NYSE:FTK) ($7.14; $213.0M market cap) announced Q1 2025 results:
Q1 sales of $55.4 million vs. $40.4 million in the prior year
Q1 EPS of $0.17 vs. $0.05 in the prior year
Q1 2025 marked the fifth consecutive quarter of growth in revenue, gross profit, net income, and adjusted EBITDA.
Revenue from external chemistry sales increased 88%; data analytics revenue rose 57%.
Acquired 30 real-time gas monitoring and dual fuel optimization assets for mobile power generation and related IP.
Executed a $160 million multi-year contract tied to these assets.
2025 Outlook:
Revenue guidance: $200 million to $220 million.
Adjusted EBITDA guidance: $34 million to $39 million.
Midpoints imply 12% revenue and 80% adjusted EBITDA growth over 2024.
Management Commentary:
“The first quarter of 2025 marks another significant step in the execution of our corporate strategy towards the convergence of innovative Data and Chemistry solutions that deliver unprecedented value to our customers and external stakeholders. We have now grown revenue, net income and adjusted EBITDA in five consecutive quarters. Combining these outstanding results with our recently announced transformative expansion into enhanced real-time data monitoring and gas conditioning in the mobile power generation sector, positions Flotek to deliver an exceptionally strong 2025 and beyond for its shareholders."
"Looking ahead, Flotek will continue to advance technologies that empower our customers' assets to maximize returns, reduce costs, automate processes, and utilize data in ways previously unimaginable. Our relentless pursuit to leverage chemistry as the common value creation platform will position Flotek as a leader in differentiated technologies and foster our future growth.”
Flotek Industries, Inc. is a technology-focused company that provides green specialty chemicals and real-time data analytics solutions to improve operational efficiency and environmental performance.
Comments & Business Outlook
We will now track FTK's quarterly results based off strong fourth quarter. Please see our original premium note from 1/4/2012 on our Energy Exploration Blog .
Fourth Quarter 2011 Results
For the three months ended December 31, 2011 , Flotek posted revenue of $74.9 million , an increase of $27.4 million , or 57.8%, compared to $47.5 million in the same period of 2010
Excluding the effect of the change in the fair value of the warrant liability, the Company posted net income for the three months ended December 31, 2011 of $10.0 million or $ 0.20 per common share (diluted).
"Members of the Flotek team should be very proud of all they accomplished in 2011," said John Chisholm , Chairman and President of Flotek. "The ability of a company and its team to transform its financial standing as well as reengineer its way of doing business and still post 'best in class' growth is a testament to the dedication, spirit and perseverance of every member of the Flotek family from the corporate office in Houston to each field location from the Rockies to Appalachia and the Gulf Coast to the Permian Basin. While we are pleased with our progress, it only makes us thirsty for more and our team will accept the challenge to post even better results in 2012."
"As I reflect on the journey of the past two-plus years, I am struck by the distance Flotek has traveled in such a short period of time," concluded Chisholm. "Moreover, the outcome of the journey is one few predicted, caught most by surprise and, most importantly, served to energize the spirit and imagination of the people of Flotek. The thought now is simple: If we were able to accomplish so much starting with so little, imagine what we can accomplish with the resources at Flotek's disposal today. That, indeed, is the challenge for 2012: to harness the resources we have developed to create more opportunities for growth, more opportunities for value creation and more opportunities for further self-improvement in 2012 and beyond. With our team in place, I am more excited than ever about the future of Flotek."
Early 2012 Snapshot
As noted in the past, Flotek's first quarter is traditionally more moderate than the balance of the year, a result of seasonal weather and environmental regulations that can dampen activity in various regions of the United States .
However, Flotek was strong out of the gate in both January and February, a combination of continued market growth, the Company's improved marketing culture and unseasonably cooperative weather. As a result, Flotek's revenues in the first two months should exceed $48 million , an increase of nearly 50% from the first two months of 2011. Absent significant weather disruptions we would expect continued monthly growth in March.
Research
Notes from our 1/4/2012 premium blog.
A pioneer in fossil fuel fracking industry. Fracking is a method used to extract fossil fuels from rock formations. FTK has proprietary technology which causes less damage to environment then competing technologies. Successfully traded the stock before, wanted to wait for pull back before making long term commitment. Unfortunately stock has continued to run, we will continue to watch for pullback to enter.
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