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Flotek Surpasses 2024 Annual Guidance with Strong Fourth Quarter and Full-Year Results

  • Flotek Industries, Inc. Reported its strongest fourth quarter results for 2024, showing total revenues of $50.8 million, a 20% increase from $42.2 million in the fourth quarter of 2023.
  • Net income for Flotek reached $4.4 million in Q4 2024, compared to $2.1 million in Q4 2023, marking significant growth in profitability.
  • Flotek's Chief Executive Officer, Dr. Ryan Ezell, noted that 2024 marked the highest profitability metrics in nearly a decade, emphasizing operational efficiency and service quality execution.
  • In 2024, Flotek's adjusted EBITDA was $20.3 million, exceeding guidance by 10% and showing an increase from $1.5 million in 2023.
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KWWLKWWL
+29 Reposted by 29 other sources

Flotek Surpasses 2024 Annual Guidance with Strong Fourth Quarter and Full-Year Results

HOUSTON, March 10, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the fourth quarter and full-year ended December 31, 2024. Fourth quarter 2024 results were the strongest quarterly results…

·Waterloo, United States
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Energy News for the United States Oil & Gas Industry | EnergyNow.comEnergy News for the United States Oil & Gas Industry | EnergyNow.com

NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2024 Results - Energy News, Top Headlines, Commentaries, Features & Events

Fourth Quarter Results Total revenues of $45.0 million, a 28% year-over-year improvement Net income of $3.5 million and earnings per diluted share of $1.32, an improvement to the prior year period after adjusting for the non-cash benefit of legal settlement from one year ago Adjusted EBITDA of $8.2 million, compared to $2.5 million in the fourth quarter of 2023 ...

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KWWL broke the news in Waterloo, United States on Monday, March 10, 2025.
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