Flotek Industries, Inc.

Flotek Industries, Inc. Shareholders Are Encouraged to Contact Johnson Fistel Regarding Potential Recovery of Investment Losses

Johnson Fistel, PLLP is investigating whether Flotek Industries, Inc. (NYSE: FTK) or certain of its executive officers violated federal securities laws. The investigation concerns Flotek’s disclosures regarding a purported 10-year power-services agreement connected to the Puerto Rico Electric Power Authority (“PREPA”) and whether investors received materially accurate and complete information.

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For additional information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471. There is no cost or obligation to you.

Background of the Investigation

On August 3, 2026, Flotek announced an agreement tied to a PREPA power project that it said would generate approximately $400 million in revenue backlog and approximately $40 million in annual revenue at full deployment.

On August 14, 2026, the Financial Oversight and Management Board for Puerto Rico revoked its approval of the underlying PREPA contract, directed PREPA to terminate it, and referred the matter to law enforcement. The Oversight Board stated that the procurement was “irreparably impaired” after Enchanted Rock’s parent reported that Enchanted Rock was not participating and that its name and signature had been used without authorization.

On August 17, 2026, Wolfpack Research reported that Flotek’s associated $400 million opportunity had been canceled and questioned the Company’s failure to disclose the development. Flotek’s share price fell approximately 20% that day.

Johnson Fistel is investigating whether Flotek’s statements concerning the agreement, its counterparties, and the associated risks were materially misleading or omitted material information.

About Johnson Fistel, PLLP

Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm representing individual and institutional investors in securities-fraud and fiduciary-duty litigation.

Attorney advertising. Past results do not guarantee future outcomes. This press release may be considered a promotional communication. The attorney responsible for this communication is Frank J. Johnson.

Contact:
Johnson Fistel, PLLP
James Baker, Investor Relations
(619) 814-4471
jimb@johnsonfistel.com

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