A securities class action has been filed against Flotek Industries, Inc. (“Flotek” or the “Company”) and certain of its officers on behalf of persons and entities that purchased or otherwise acquired Flotek securities between August 3, 2026 and August 17, 2026, inclusive (the “Class Period”), and were damaged thereby.

Flotek common stock trades on the New York Stock Exchange under the ticker symbol FTK.

According to the complaint, Flotek is an energy technology and services company.

What Does the Flotek Securities Class Action Allege?

The action, Bashir v. Flotek Industries, Inc., et al., Case No. 1:26-cv-07285, was filed on August 26, 2026, in the United States District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

According to the complaint, during the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts concerning Flotek’s business, operations, and prospects. Specifically, the complaint alleges that Defendants failed to disclose:

• • Concerns about the Puerto Rico Electric Power Authority (“PREPA”) project participants — There were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties for PREPA’s power generation project;
  • Risk to anticipated PREPA revenue — As a result, there was a risk that revenue from the PREPA contract would not be realized; and
  • Allegedly misleading positive statements — As a result of the foregoing, Defendants’ positive statements about Flotek’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

What Happened to Flotek’s Stock Price?

According to the complaint, on August 17, 2026, Wolfpack Research published a report alleging that Flotek’s $400 million PREPA contract, which the report said accounted for approximately 57% of Flotek’s backlog, had been canceled. The complaint alleges that the report also raised issues concerning the consortium involved in the PREPA project and an allegedly unauthorized signature.

The complaint alleges that Flotek’s stock price fell $7.17, or 20.01%, to close at $28.66 per share on August 17, 2026, on unusually heavy trading volume.

The complaint further alleges that on August 18, 2026, Flotek disclosed that the Financial Oversight and Management Board for Puerto Rico had voted to revoke its approval of the underlying power generation contract and to direct PREPA to terminate the contract. Flotek also disclosed that PREPA had directed consortium parties to hold work on the project while PREPA evaluated the developments. The complaint alleges that Flotek’s stock price fell another $1.64, or 5.72%, to close at $27.02 per share on August 18, 2026.

According to the complaint, on August 19, 2026, Flotek confirmed that PREPA had delivered formal notice terminating the power purchase and operating agreement, effective immediately. The complaint alleges that Flotek’s stock price then fell $1.85, or 6.85%, to close at $25.17 per share on August 19, 2026, on unusually heavy trading volume.

Review the Flotek Securities Class Action Complaint

Flotek Investors Who Suffered Losses

Investors who purchased or otherwise acquired Flotek securities during the Class Period and suffered financial losses may complete Kehoe Law Firm’s confidential Stockholder Information Request Form or contact the firm to discuss potential legal claims.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

Lead Plaintiff Deadline: October 26, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 26, 2026. Investors do not need to serve as lead plaintiff to be eligible to share in any potential recovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

There is no cost or obligation to speak with the firm, and there are no upfront fees or litigation costs. We handle class action matters on a contingency-fee basis. Any attorneys’ fees or expenses sought in connection with a recovery are subject to court approval.

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