Savvy Trades and Investments

[2morrowsGains]

FTK/PFHC...Flotek mentioned 21 times in ProFrac's cc!!!...Good stuff!!...

https://www.fool.com/earnings/call-transcripts/2022/08/12/profrac-holding-corp-pfhc-q2-2022-earnings-call-tr/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

I'm not an expert here, but IMO the contract with ProFrac will give nice market/industry exposure to Flotek over the next year as Flotek rolls into profitability...

From Profracs cc...

Stephen Gengaro -- Stifel Financial Corp. -- Analyst
I don't know if you, you could comment on this or not. Do you have -- can you give us a sense for Flotek revenue per fleet per year?

Ladd Wilks -- Chief Executive Officer
Yeah. I don't want to look at an indication there. But what we do like is that the contracts that we have with them is going according to plan, they continue to scale operations and not just with us, but also out with third, with true third-party customers on their end. So we're really excited to see that business continue to scale and really look forward to the early, early part of 2023 to get this to fully contracted volumes that we've mutually negotiated.

And of course, as that does get to scale, we're really excited to see what that does with their financials in bringing this to profitability. We're also outside of that agreement. We, we're very excited about the JP3 agreement that we have in place that gives us confidence in the quality of the gas that we're, that we're pumping with. And being able to monitor BTUs in near real time allows us to protect our equipment and provide reliable service for not just the dual fuel systems, but also for the turbines providing or for the power gen on location that runs on the gas.

So making sure that we have good high-quality gas on location is a very important thing. We're also excited about what that means for Flotek and the JP3 team because being able to monitor BTUs for gas has far-reaching, consequences has far-reaching, impacts across the entire oil and gas industry, and especially for the midstream side for these operators, as they look to make sure that they capture every dollar for the gas that they, they sell down the line.