Cactus, Inc. Q2 2026 Earnings Release

Cactus, Inc. reported strong financial and operating results for the second quarter of 2026. Revenue reached $449.5 million, with operating income at $83.6 million. Net income was $61.4 million, translating to diluted earnings per Class A share of $0.70. Adjusted net income stood at $75.1 million, with adjusted diluted earnings per share of $0.93. The company achieved a net income margin of 13.7% and an adjusted net income margin of 16.7%. Adjusted EBITDA was $132.8 million, with a margin of 29.5%. Cash flow from operations was robust at $104.6 million. The company ended the quarter with $365.8 million in cash and cash equivalents and no outstanding bank debt. The Board of Directors approved a 7% increase in the quarterly dividend to $0.15 per Class A share and appointed Joseph Elkhoury to the Board. Both the Pressure Control and Spoolable Technologies segments showed sequential improvement, driven by increased revenues in the Middle East for Pressure Control and higher domestic activity for Spoolable Technologies. The company anticipates a slight sequential decrease in consolidated revenues for the third quarter but expects growth in the Spoolable Technologies segment.