$FTK

Wolfpack Research reported Flotek Industries (FTK) lost a $400M contract, potentially halving its backlog. Fugazi Research criticized Aeva Technologies (AEVA) as a struggling startup. Bristlemoon Research argued Macy's (M) is overvalued. L3Harris (LHX) CEO departed over conduct violations. Ameresco (AMRC) CFO and GC resigned. Viking Therapeutics (VKTX) COO and Merit Medical (MMSI) COO departed. Boston Beer (SAM) CFO is stepping down. Edwin Dorsey predicts long-term trouble for DraftKings (DKNG)

Flotek Industries (FTK) is under investigation for potential securities law violations. Wolfpack Research alleged FTK failed to disclose a canceled $400M contract, leading to a 20% stock drop on August 17, 2026. The law firm Frank R. Cruz is urging affected investors to contact them.

Flotek Industries (FTK) reported a $500M+ recurring revenue backlog and a 620% share price increase since 2023, driven by real-time analytics and global expansion. The company's strategic pivot since 2021 has led to strong ROI and industry recognition, according to an EnerCom Denver conference transcript.

Flotek (FTK) reaffirmed 2026 revenue guidance of $340–$350M and adjusted EBITDA of $47–$51M, despite a halt in its Puerto Rico power project. PREPA ordered work stopped on August 17, but no formal termination notice has been received. Shares fell 20.01% to $28.66 in premarket trading.

Flotek Industries (NYSE: FTK) updated investors on its participation in Puerto Rico’s Emergency Temporary Power Generation project tied to PREPA. The Puerto Rico Oversight Board voted to direct PREPA to terminate the contract, and PREPA ordered a work hold. Flotek reaffirmed 2026 guidance excluding any PREPA contribution: revenue $340m-$350m and Adjusted EBITDA $47m-$51m.

Wolfpack Research, a short seller, says Puerto Rico’s Financial Oversight and Management Board revoked approval of a Power Expectations-led emergency power project on Aug. 14, canceling Flotek Industries’ $400 million role. Wolfpack claims the deal was about 57% of Flotek’s near-term backlog and faults Flotek’s disclosure. FTK shares fell about 20% on Monday.

Investing.com reports Flotek Industries (FTK) fell 22.3% to $27.86 after short-seller Wolfpack Research disclosed a short position, alleging Flotek’s 10-year, $400 million PREPA/Powe Expectations contract was canceled due to an unauthorized signature referred for criminal investigation. Wolfpack claims this could remove about 57% of near-term backlog, challenging Flotek’s 2026 revenue guidance of $340–$350 million.

Flotek Industries (NYSE:FTK) shares fell about 21% after short seller Wolfpack Research disclosed a short position, alleging Flotek’s $400 million deal was canceled. Wolfpack said a federal regulator questioned an allegedly unauthorized signature tied to Enchanted Rock and that the cancellation affects 57% of near-term backlog. Flotek had not yet responded.

Flotek Industries (FTK) held its Q2 2026 earnings call. Q2 revenue was $99.4 million, up 70% year over year, with adjusted EBITDA of $16.8 million. Net income rose to $10.0 million. The company raised 2026 guidance to $340 million to $350 million revenue and $47 million to $51 million adjusted EBITDA, citing Data Analytics growth and international chemistry sales, plus a 10-year Puerto Rico utilities contract.

Flotek Industries reported its Q2 2026 earnings call results, citing a decade-high quarterly revenue and a Data Analytics segment contributing 51% of gross profit versus 26% a year earlier. Chemistry Technology revenue rose 53% YoY, and international chemistry revenue was $10.6 million. Updated 2026 guidance targets +45% revenue and +49% EBITDA at midpoints, with a Puerto Rico contract starting deployment in Q4 2026.