Q3 Earnings Forecast for FTK Issued By Northland Securities

Key Points

• Northland Securities raised Flotek Industries’ Q3 2026 EPS estimate to $0.23 from $0.20, while forecasting $0.21 for Q4 and $0.82 for full-year 2026. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $28.33.
• Flotek recently beat quarterly expectations, reporting $0.26 EPS versus the $0.13 consensus and revenue of $99.37 million versus $69.51 million expected. The company also raised its 2026 revenue outlook to $360 million–$370 million, citing strong international chemistry sales.
• Investor sentiment is tempered by a securities lawsuit related to the terminated $400 million Puerto Rico power contract; the allegations remain unproven, and investors face an October 26, 2026 lead-plaintiff deadline.

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Northland Securities upped their Q3 2026 earnings per share estimates for shares of Flotek Industries in a report released on Thursday, September 10th. Northland Securities analyst J. Grampp now expects that the oil and gas company will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.20. The consensus estimate for Flotek Industries' current full-year earnings is $0.75 per share. Northland Securities also issued estimates for Flotek Industries' Q4 2026 earnings at $0.21 EPS and FY2026 earnings at $0.82 EPS.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. JonesTrading initiated coverage on Flotek Industries in a report on Thursday, July 9th. They set a "buy" rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.33.

Flotek Industries Stock Performance

Shares of FTK stock opened at $27.43 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $26.76 and a 200-day moving average price of $21.58. Flotek Industries has a 52 week low of $11.11 and a 52 week high of $39.67. The firm has a market capitalization of $993.48 million, a PE ratio of 27.71 and a beta of 1.47.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $99.37 million for the quarter, compared to analysts' expectations of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTK. Quarry LP grew its position in shares of Flotek Industries by 97.2% during the 3rd quarter. Quarry LP now owns 3,855 shares of the oil and gas company's stock valued at $56,000 after acquiring an additional 1,900 shares during the period. New York State Common Retirement Fund bought a new position in Flotek Industries in the 2nd quarter worth $102,000. California State Teachers Retirement System lifted its position in Flotek Industries by 510.1% during the second quarter. California State Teachers Retirement System now owns 4,704 shares of the oil and gas company's stock valued at $111,000 after purchasing an additional 3,933 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Flotek Industries during the second quarter valued at $115,000. Finally, Deutsche Bank AG bought a new stake in Flotek Industries during the fourth quarter valued at about $150,000. 10.90% of the stock is currently owned by institutional investors.

Key Headlines Impacting Flotek Industries

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Flotek raised its 2026 revenue outlook to $360 million–$370 million, above the roughly $345.4 million analyst estimate, and increased its adjusted EBITDA guidance. Management attributed the improvement to continued strength in international chemistry sales. Flotek Raises 2026 Guidance Again on Continued Strength of International Sales
• Positive Sentiment: The higher outlook prompted reports that Flotek shares moved higher in premarket and regular trading, reinforcing the market’s positive response to improving international demand and earnings expectations. Flotek Industries Ups Annual Outlook
• Neutral Sentiment: Multiple law firms reminded investors of an October 26, 2026 deadline to seek lead-plaintiff status in a federal securities lawsuit. These notices largely repeat the same litigation information rather than represent new operational developments. Rosen Flotek Investor Notice
• Negative Sentiment: The lawsuit alleges investors were harmed by disclosures surrounding a purported $400 million Puerto Rico power contract, which represented approximately 57% of Flotek’s backlog. The contract was subsequently terminated, and the complaints allege that credible concerns about the consortium behind it were not adequately disclosed. The allegations have not been proven, but potential damages, legal costs, and disclosure concerns may weigh on FTK. FTK Securities Class Action Deadline Alert

Flotek Industries Company Profile

Flotek Industries, Inc NYSE: FTK is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek's solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek's operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.

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