Flotek Industries Announces Puerto Rico Oversight Board Members Have Voted To Direct PREPA To Terminate The Contract; PREPA Has Not Delivered A Formal Notice Of Termination; Reaffirms FY2026 Sales Of $340M-$350M And Adjusted EBITDA Of $47M-$51M
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today provided an update regarding its previously announced participation in the Emergency Temporary Power Generation Puerto Rico project
A Puerto Rico power board voted to end Flotek's big energy contract, but they haven't officially told the company yet. Flotek still expects to make a lot of money this year and next, so they're not worried—but this is something to watch closely.
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