Short answer
FLOTEK INDUSTRIES INC/CN/ (FTK) filed an 8-K current report with the SEC on August 3, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). 10-year agreement supporting gas-fired grid enhancement initiatives for Puerto Rico Electric Power Authority.
FLOTEK INDUSTRIES INC/CN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- 10-year agreement supporting gas-fired grid enhancement initiatives for Puerto Rico Electric Power Authority
- Long-term utility relationship potentially expands Flotek’s energy-services footprint in Puerto Rico
- Strategic significance depends on contract scope, economics, and timing detailed in Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- 10-year PREPA contract creates approximately $400 million potential revenue backlog, or approximately $40 million annually at full deployment
- Flotek supplying up to 40 MW of generation capacity and six smart-skid pairs for a 400 MW Puerto Rico project
- Deployment begins in Q4 2026, with initial generation equipment and skids expected by end-Q1 2027
- Contract expands PWRtek beyond oil and gas into utilities, supporting recurring infrastructure-technology revenue
- Revenue realization depends on broader project execution, including permits, financing, fuel supply, construction, and severe-weather risks
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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