Flotek Industries Inc. provided revenue guidance for the fourth quarter of 2015. While overall oilfield activity continued to see sequential declines in the fourth quarter, the company's CnF® chemistry business was resilient in the three-month period. CnF® volumes in the fourth quarter are expected to increase by approximately 5% and, when compared to the fourth quarter of 2014, are expected to increase by greater than 20%.

CnF® revenues are likely to be flat when compared to third quarter revenues and down approximately 4% when compared to year-ago levels. The expected decline in revenues is primarily a result of a combination of previously discussed product substitution and volume incentive pricing to large customers.