Second-quarter highlights Orders of $7.0 billion, including $3.5 billion of IET orders.RPO of $34.0 billion, including record IET RPO of $31.3 billion.Revenue of $6.9 billion, down 3% year-over-year.Attributable net income of $701 million.GAAP diluted EPS of $0.71 and adjusted diluted EPS* of $0.63.Adjusted EBITDA* of $1,212 million, up 7% year-over-year.Cash flows from operating activities of $510 million and free cash flow* of $239 million.Returns to shareholders of $423 million, including $196 million of ...

Core Insights - Flotek Industries' Data Analytics segment is rapidly becoming the driving force of the company's future, with revenues surging by 57% year over year in Q1 2025 [1][10] - The growth is driven by increasing demand for solutions such as gas measurement, flare monitoring, and power generation, transitioning towards high-margin, subscription-based revenues [1][2] - Management expects Data Analytics to generate over half of Flotek's total profitability by 2026, indicating a significant shift in the company's earnings structure [3][10] Financial Performance - Data Analytics has significantly higher gross margins compared to Flotek's traditional chemistry business, contributing to financial stability [3] - The Zacks Consensus Estimate for Flotek's earnings implies a 65% improvement in 2025 and a 35% improvement in 2026 year over year [12] - Flotek's shares have surged more than 200% in the past year, reflecting strong market performance [8] Competitive Landscape - ChampionX is expanding its data analytics offerings with its Theta Automation & Optimization platform, focusing on real-time monitoring and AI for production efficiency [4] - Baker Hughes provides extensive digital solutions through its Leucipa production management platform, covering the entire energy lifecycle and offering significant scale [5]

Core Insights - Computer Modelling Group Ltd. (CMG) has entered into an agreement with Baker Hughes to integrate their simulation and seismic technologies, enhancing software and consulting solutions for upstream energy development [1][3]. Group 1: Agreement Details - The collaboration aims to improve user experience and ease of use by enhancing integration across both companies' solution sets [3]. - The partnership will provide end-to-end workflows that include seismic to geology, geology to reservoir, reservoir to production, and production to surveillance [3]. - CMG and Baker Hughes will also explore further integration opportunities with Baker Hughes' Leucipa automated field production solution and CarbonEdge digital solution for CCUS operations [3]. Group 2: Industry Impact - The integration of CMG's seismic interpretation and reservoir simulation tools with Baker Hughes' JewelSuite subsurface and geomechanical modelling is expected to optimize asset recovery and mitigate operational risks [2]. - Experts from both companies will collaborate on consulting projects in subsurface and surface oil and gas, geothermal, and CCUS systems, providing specialized industry expertise [4]. Group 3: Company Statements - CMG's CEO emphasized the commitment to building an open ecosystem for technology integration, allowing customers to select best-in-class solutions [5]. - Baker Hughes' Chief Digital Officer highlighted the importance of collaboration in their digital strategy to enhance the customer experience from exploration to sustainable production optimization [5].