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Flotek ( (FTK) ) just unveiled an update.
Flotek Industries, Inc. provided an update on the EPA’s proposed amendments to flare monitoring regulations which aim to minimize methane emissions. These amendments could expand exemptions but do not significantly alter Flotek’s market outlook for monitoring services. Flotek’s JP3 system has been approved as a measurement technology, leading to increased revenues from its Data Analytics segment due to compliance tests. The company anticipates significant growth in 2025 by leveraging its VeraCal analyzer to help customers comply with updated regulations.
More about Flotek
Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The company leverages near real-time data to deliver innovative solutions, with an intellectual property portfolio of over 170 patents and a global presence in more than 59 countries. Flotek is committed to sustainable chemistry and data solutions to reduce the environmental impact of energy.
YTD Price Performance: 145.41%
Average Trading Volume: 177,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $286.6M
For an in-depth examination of FTK stock, go to TipRanks’ Stock Analysis page.
