Core Viewpoint - The proposed amendments by the EPA regarding flare monitoring regulations are expected to positively impact the industry, particularly for companies like Flotek Industries, which offers advanced monitoring solutions [4][11]. Regulatory Changes - The EPA's proposed amendments include technical changes to the vent gas NHV continuous monitoring requirements for flaring operations, expanding some exemptions while limiting the number of flares exempted from compliance testing [1][4]. - The amendments are open for public comment for 45 days following their publication in the Federal Register [1]. Company Performance - Flotek's Data Analytics segment reported a 30% increase in revenues from the second quarter of 2024, attributed to new flare monitoring services utilizing the JP3 VeraCal analyzer [5]. - The company has invested in analytical assets to address industry resource limitations and simplify compliance processes [5]. Technology and Innovation - Flotek's JP3 system was designated as an approved measurement technology for initial flare regulations, marking it as the first approved alternative method for NHV measurement in flare gases [8]. - The company focuses on delivering innovative solutions that leverage near real-time data to maximize customer returns, supported by a robust intellectual property portfolio of over 170 patents [9]. Strategic Outlook - The CEO of Flotek expressed confidence in the growth potential of the Data Analytics segment, anticipating significant growth in 2025 due to the demand for compliance with updated flare monitoring regulations [11]. - The company's strategy emphasizes the convergence of chemistry and real-time data solutions to provide differentiated technologies [11].

Core Insights - The S&P 500 has experienced a significant surge of 29.5% year to date, reaching record highs over 50 times, driven by robust economic growth and easing inflation [2] - The energy sector has faced challenges, with crude prices around $70 per barrel, nearly 20% lower than April's peak, and OPEC reducing its 2024 oil demand growth forecast for the fifth consecutive month to 1.61 million barrels per day, down 27% since July [3] - Amidst the broader market success, the energy sector's struggles highlight the volatility of global energy markets [3] Energy Sector Analysis - The energy sector has delivered only 4.4% in total returns, significantly lagging behind the broader market performance, which presents a unique opportunity for investors to strengthen their energy portfolios [23] - Several mid-cap companies have transitioned into the small-cap category due to the sector's struggles, yet they often maintain solid fundamentals, creating investment opportunities [6] - Tullow Oil, Nine Energy Service, and Flotek Industries are highlighted as small-cap players with attractive valuations and potential upside, making them compelling choices for investors [12] Company Profiles - **Tullow Oil**: A London-based hydrocarbon producer focusing on Africa, with a market cap of approximately $320.9 million and a projected 20% year-over-year growth in 2024 earnings per share [18] - **Nine Energy Service**: Specializes in completion solutions for energy firms, with a market cap of around $41.1 million and a 9% upward revision in 2024 earnings estimates over the past 60 days [19] - **Flotek Industries**: A chemistry and data technology company with a market cap of about $248.8 million, leveraging over 170 patents to enhance operational efficiency for hydrocarbon producers [11][10]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: Flotek Industries (FTK) Analysis - Flotek Industries currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - FTK shares have increased by 11.01% over the past week, outperforming the Zacks Oil and Gas - Field Services industry, which rose by 7.8% [7] - Over the last quarter, FTK shares have surged by 110.47%, and over the past year, they have gained 120.94%, significantly outperforming the S&P 500's increases of 7.52% and 33.61% respectively [8] Group 3: Trading Volume and Earnings Outlook - FTK's average 20-day trading volume is 222,564 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [9] - In terms of earnings outlook, FTK's consensus estimate has risen from $0.27 to $0.29 over the past 60 days, with one upward revision for the current fiscal year and none downward [11] - Given these factors, FTK is positioned as a promising stock for near-term gains, supported by its Momentum Score of B [12]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a specific screening strategy to find stocks with strong fundamentals and positive momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to sustain their recent upward trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Flotek Industries (FTK) is highlighted as a candidate that passed the screening, showing a significant price increase of 91.3% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - FTK has also experienced a price increase of 65.5% over the last four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Analysis - FTK holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [7]. - The article suggests that the price trend for FTK is likely to continue without reversal in the near future, supported by its strong fundamentals [8].

Company Overview - Flotek Industries (FTK) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Price Performance - FTK shares have increased by 0.6% over the past week, while the Zacks Oil and Gas - Field Services industry has declined by 2.11% during the same period [5] - Over the past quarter, FTK shares have risen by 62.09%, and they are up 74.25% over the last year, significantly outperforming the S&P 500, which has moved 13.08% and 38.58% respectively [6] Trading Volume - FTK's average 20-day trading volume is 112,773 shares, which serves as a price-to-volume baseline for assessing momentum [7] Earnings Outlook - In the past two months, one earnings estimate for FTK has increased, while none have decreased, raising the consensus estimate from $0.27 to $0.29 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings momentum [9]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates. Group 1: Stock Performance - Flotek Industries (FTK) has shown a solid price increase of 51.2% over the past 12 weeks, indicating strong investor interest in the stock [4] - FTK has also experienced a price increase of 35% over the last four weeks, suggesting that the upward trend is still intact [5] - The stock is currently trading at 96.3% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - FTK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The Average Broker Recommendation for FTK is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like FTK that are on an uptrend supported by strong fundamentals [3] - Investors are encouraged to explore other stocks that meet similar criteria and consider various Zacks Premium Screens tailored to different investing styles [8] - The effectiveness of stock-picking strategies can be backtested using the Zacks Research Wizard, which includes successful stock-picking strategies [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of in ...

| --- | --- | |-------|---------------------| | | | | | | | | | | | | | | | | | O From | | | | | | rd Quarter 2024 3 | | | | | | November 5, 2024 | | | | Earnings Presentation Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospec ...

Flotek Industries, Inc. (NYSE:FTK) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Michael Critelli - Director, Finance & IR Ryan Ezell - CEO Bond Clement - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Gerry Sweeney - ROTH Capital Josh Jayne - Daniel Energy Partners Operator Welcome to the Flotek Industries Third Quarter 2024 Earnings Conference Call. [Operator Instructions]. I would now like turn the conference over to Mike Critelli, Director of ...

Flotek Industries (FTK) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise.Over the last four quarters, th ...