Earnings Releases·Oct 28, 2026, 5:30 PM ET

Cactus, Inc. — Third Quarter 2026 Earnings Summary

Revenue reached $430.9 million, a 4.1% sequential decrease but a 63.1% year-over-year increase; operating income rose to $94.0 million (21.8% margin) and net income to $74.1 million, while adjusted diluted EPS was $0.96.
Spoolable Technologies drove sequential growth with revenue up 20.2% to $126.9 million and margins expanding to 32.8%, whereas Pressure Control revenue declined 11.4% to $304.8 million due to lower Middle East shipments; total backlog closed at $615.6 million.
The Board approved construction of a new Spoolable Technologies manufacturing facility in the Middle East (commencing 2029) and a Baytown expansion; full-year 2026 net capital expenditures are forecast at approximately $65 million.
Fourth-quarter 2026 revenue guidance expects a modest increase, with Pressure Control and Spoolable Technologies both projected to grow sequentially; the U.S. land rig count is anticipated to remain flat for the remainder of the year.
Declared a quarterly cash dividend of $0.15 per Class A share payable December 17, 2026; the company maintains $354.2 million in cash with no bank debt and $263.5 million available on revolving credit facilities.