Cactus Announces Third Quarter 2026 Results
Cactus reported Q3 2026 revenue of $430.9 million, up 63% year-over-year, with diluted EPS of $0.87 versus $0.60 a year earlier and Adjusted EBITDA of $132.0 million at a 30.6% margin. Spoolable Technologies delivered record international shipments with sequential revenue up 20.2%, while Pressure Control revenue fell 11.4% sequentially as anticipated on lower Middle East shipments. Backlog grew more than $150 million sequentially to $615.6 million. The Board approved construction of a new Spoolable Technologies manufacturing facility in the Middle East expected to commence operations in 2029, and declared a $0.15 per-share quarterly dividend.
Key figures
- Eps
- 0.87
- Revenue
- 430888000
- Guidance
- Q4 consolidated revenues expected to modestly increase; FY2026 net capital expenditures approximately $65 million; U.S. land rig count expected approximately flat through year-end
- Revenue Yoy
- 63%
- Backlog
- 615600000
- Net income
- 74091000
- Adjusted eps
- 0.96
- Adjusted ebitda
- 132025000
- Operating income
- 94048000
- Dividend per share
- 0.15
- Adjusted net income
- 77987000
- Operating cash flow
- 18400000
- Cash and equivalents
- 354221000
- Adjusted ebitda margin
- 30.6%
- Pressure control revenue
- 304829000
- Spoolable technologies revenue
- 126868000
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