Flotek Industries (FTK) news
Recent news
FloteK says Prepa cites default, oversight board order
Flotek Industries Inc. has announced that the Puerto Rico Electric Power Authority (PREPA) has cited a default under the terms of a power generation contract between the agency and Power Expectations LLC, a company in which Flotek has an interest. The Oversight Board for Puerto Rico, which governs…
AInvest Wire · Aug 19, 2026Flotek 2026 guidance unaffected by Prepa termination
Flotek Industries, Inc. (NYSE: FTK) has confirmed that its full-year 2026 financial guidance remains unchanged despite recent developments surrounding its involvement in the Puerto Rico power project. The company reiterated its revenue forecast of $340 million to $350 million and Adjusted EBITDA…
AInvest Wire · Aug 19, 2026FloteK says Prepa terminates power supply pact
Flotek Industries, Inc. (NYSE: FTK) announced that work on its 10-year power supply agreement with the Puerto Rico Electric Power Authority (PREPA) has been placed on hold following a directive from the Financial Oversight and Management Board for Puerto Rico. The Oversight Board voted to revoke…
AInvest Wire · Aug 19, 2026FloteK Industries - Prepa directs consortium parties to immediately hold all work on project as of Aug 17, 2026
Flotek Industries, Inc. (NYSE: FTK) announced on August 18, 2026, that the Puerto Rico Electric Power Authority (PREPA) has directed the consortium parties, including Flotek, to immediately halt all work on the previously announced Emergency Temporary Power Generation project in Puerto Rico as of…
AInvest Wire · Aug 18, 2026FloteK Industries - as of Aug 18, 2026, Prepa has not formally terminated contract with FloteK
Flotek Industries, Inc. (NYSE: FTK) announced on August 3, 2026, a 10-year PREPA contract . The agreement, valued at an estimated $400 million over the contract term, involves Flotek's proprietary PWRtek platform . The company expects to generate approximately $40 million in annual revenue from the…
AInvest Wire · Aug 18, 2026Light Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.