Short answer
FLOTEK INDUSTRIES INC/CN/ (FTK) filed an 8-K current report with the SEC on August 18, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Flotek provided an update on its participation in the Emergency Temporary Power Generation Puerto Rico project.
FLOTEK INDUSTRIES INC/CN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- Flotek provided an update on its participation in the Emergency Temporary Power Generation Puerto Rico project
- Exhibit 99.1 contains the substantive project update and may affect expectations for revenue, timing, or execution
- Disclosure furnished under Regulation FD, making the project information broadly available to investors
Item 8.01 · Other Events
- PREPA contract faces material execution risk after Oversight Board revocation and PREPA-directed work stoppage
- Proposed 10-year agreement targeted approximately $40 million annual revenue and approximately $400 million backlog
- PREPA has not formally terminated the contract, leaving outcome dependent on regulatory review and potential dispute resolution
- Approximately 90% of project power capacity and execution rests with third parties, increasing completion and revenue-recognition risk
- Short-seller allegations and related governmental referrals add litigation, reputational, and share-price volatility risks
Item EX-99.1 · Exhibit EX-99.1
- Oversight Board directed PREPA to terminate the 10-year, 400-megawatt project contract
- PREPA ordered consortium parties, including Flotek, to halt project work on August 17, 2026
- No formal termination notice received by Flotek as of August 18, preserving uncertainty around participation and potential revenue
- 2026 guidance reaffirmed at $340–$350 million revenue and $47–$51 million Adjusted EBITDA, excluding PREPA contributions
- Project remains conditional on contract resolution, financing, bonding, approvals, and deployment; expected revenues are not assured
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other FLOTEK INDUSTRIES INC/CN/ 8-K filings
Get the next FTK 8-K as it lands
Follow FTK for push alerts, or ask the research agent what this filing means.