Flotek Industries, Inc. Securities Class Action

Class Period

August 3, 2026 - August 17, 2026

Motion Deadline

October 26, 2026|60 days left

Please submit the form below if you believe you have incurred losses.

First Name *

Last Name *

Email Address *

Phone Number*

Address Line 1

City

State / Province / Region

Postal Code

Country

Investment Details

Estimated Losses *

Do you still retain shares?

Transactions Information

Select a file or drag and drop here

PDF, XLS, or CSV, file size no more than 25MB

Additional information

By clicking the submit button above, I acknowledge that this form is not intended to and does not establish an attorney-client relationship between myself and Pomerantz LLP ("Pomerantz" or "The Firm"), and that the submission or receipt of information to the Firm or one of its attorneys via this form, website, e-mail or telephone does not create an attorney-client relationship. Prior results do not guarantee a similar outcome in future cases.

Pomerantz LLP does not share your information with others. There is no cost or obligation for you to submit. By submitting this form, you are authorizing us to contact you regarding this case and/or future cases.

Allegations

On August 3, 2026, Flotek announced that it was awarded a 10-year agreement to support a 400 MW natural gas-fired power generation project for the Puerto Rico Electric Power Authority (“PREPA”) to help address the island's ongoing energy crisis. Flotek said it expects to generate approximately $400M revenue backlog due to the deal. On August 17, 2026, Wolfpack Research published a report alleging that Flotek’s “$400 million contract with the Puerto Rico Electric Power Authority (PREPA), accounting for ~57% of FTK’s backlog, has been canceled.” According to the report, Flotek had stepped into the $6 billion PREPA deal two days after the deal was signed, and was swapped in place of another contractor, Enchanted Rock, LLC (“Enchanted Rock”). According to the report, federal regulators said Enchanted Rock’s “participation was expressly relied upon to provide the technical, operational, and financial capacity necessary to execute the Project.” The report further claimed that Enchanted Rock’s “name and signature were used without authorization,” so a “federally appointed financial regulator revoked its authorization over the deal due to [the] apparent unauthorized signature and referred the matter for criminal prosecution.” On this news, Flotek’s stock price fell $7.17 per share, or 20.01%, to close at $28.66 per share on August 17, 2026. Then, on August 18, 2026, the Company announced that the Financial Oversight and Management Board for Puerto Rico voted to direct the PREPA to terminate a 10-year power generation contract in which Flotek holds project responsibilities. PREPA issued a directive to all consortium parties to immediately hold work on the proposed 400 MW Aguirre Power Plant project pending its evaluation of recent developments, although Flotek said it has not received a formal termination notice and its participation in the project remains subject to resolution of the PREPA contract matter. On this news, Flotek’s stock price fell $1.64 per share, or 5.72%, to close at $27.02 per share on August 18, 2026.

Lead Plaintiff

If you have qualifying losses, you may be eligible to serve as Lead Plaintiff. Acting as a representative for all class members seeking recovery in the lawsuit, the Lead Plaintiff plays an important role in the litigation, including selecting a law firm to serve as Lead Counsel and approving the final settlement. There is no cost whatsoever to seek or participate as a Lead Plaintiff. The Lead Plaintiff may also receive a monetary award for their participation in the suit.

About the Firm

Founded in 1936, Pomerantz LLP is the oldest law firm in the world dedicated to championing investor rights. Throughout its history, the Firm has won landmark decisions that have initiated historic corporate governance reforms and shaped the law to better protect shareholders. Pomerantz has successfully resolved hundreds of securities class actions as Lead Counsel, recovering billions of dollars on behalf of defrauded investors with many settlements breaking previously held records. Pomerantz is headquartered in New York City, with offices in Los Angeles, Chicago, Paris, London, and Tel Aviv.