XML 6 R1.htm IDEA: XBRL DOCUMENT v3.25.1
Document and Entity Information
Apr. 28, 2025
Cover [Abstract]  
Entity Registrant Name FLOTEK INDUSTRIES INC/CN/
Amendment Flag true
Entity Central Index Key 0000928054
Document Type 8-K/A
Document Period End Date Apr. 28, 2025
Entity Incorporation State Country Code DE
Entity File Number 001-13270
Entity Tax Identification Number 90-0023731
Entity Address, Address Line One 5775 N. Sam Houston Parkway W.
Entity Address, City or Town Houston
Entity Address, Address Line Two Suite 400 Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77086
City Area Code (713)
Local Phone Number 849-9911
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.0001 par value
Trading Symbol FTK
Security Exchange Name NYSE
Entity Emerging Growth Company false
Amendment Description On April 28, 2025, Flotek Industries, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Report”) with the U.S. Securities and Exchange Commission. The Original Report disclosed, among other items, the acquisition by a subsidiary of the Company, PWRTEK, LLC (“PWRTEK”), of certain mobile power generation assets and related intellectual property (the “Acquired Assets”) from ProFrac GDM, LLC, an indirect subsidiary of ProFrac Holding Corp. (“ProFrac GDM”), as well as the same subsidiary of the Company concurrently entering into an agreement for a six-year dry lease of certain of the Acquired Assets with ProFrac GDM. As reported in the Original Report, the total consideration for all the transactions was $105 million. Under the Purchase Agreement for the transactions filed as Exhibit 10.1 to the Original Report, the Acquired Assets were purchased in exchange for an offset of $17.6 million against order shortfall payments (“OSP”) that were payable and owed to the Company in connection with the 2024 measurement period under the Company’s previously disclosed Chemical Products Supply Agreement with ProFrac Services, LLC. The remainder of the consideration was attributable to the other transactions reported in the Original Report. This Current Report on Form 8-K/A (this “Amendment”) amends the Original Report to report the acquisition of the Acquired Assets under Item 2.01. Except as provided in this Amendment, the disclosures made in the Original Report remain unchanged. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Original Report.