Flotek Industries (FTK) is nearing its milestone of 10 consecutive quarters of improved adjusted EBITDA, transitioning from a loss of $5.1 million in late 2022 to a gain of $7.8 million in Q1 2025. This impressive turnaround reflects effective management strategies, including consistent contract wins and enhanced profit margins. In Q1 2025, FTK reported a 93% increase in adjusted EBITDA compared to Q1 2024, with a reduced SG&A cost ratio of 11%.
The company forecasts an 80% growth in EBITDA for 2025, driven by international chemistry sales and recurring data analytics contracts. Flotek’s strong financial performance contrasts with the volatile oilfield services market and indicates a stable growth trajectory.
Peer Snapshot
RPC Inc. reported Q1 2025 adjusted EBITDA of $48.9 million (up 6%), maintaining a 14.7% EBITDA margin with zero long-term debt. Meanwhile, ProPetro Holding achieved adjusted EBITDA of $73 million (up 38% from the previous quarter) by focusing on high-efficiency assets and disciplined capital spending.
