Cactus' Q1 revenue rises on higher domestic and international activity

Cactus

07/05/2026 04:44

Overview

U.S. oilfield equipment maker's Q1 revenue rose and beat analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Cactus International acquisition drove revenue growth but increased transaction expenses

Outlook

Cactus expects Q2 Pressure Control revenue to be approximately flat due to Middle East disruptions

Company anticipates increased Q2 Spoolable Technologies activity, driven by U.S. customer momentum

Cactus expects 2026 net capital expenditures in the range of $40 mln to $50 mln

Result Drivers

ACQUISITION IMPACT - Revenue growth was primarily driven by the addition of Cactus International, though related purchase price accounting adjustments and transaction expenses reduced operating income and margins

SPOOLABLE TECHNOLOGIES GROWTH - Higher domestic and international activity drove increased revenue and margins in the Spoolable Technologies segment

MIDDLE EAST DISRUPTIONS - Pressure Control results were affected by logistics disruptions related to the conflict in the Middle East, though domestic strength helped offset these impacts

Company press release: ID:nBw5VHnr1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$388.35 mln
$381.60 mln (6 Analysts)
Q1 Adjusted Net Income
$56.17 mln
Q1 Net Income
$40.22 mln
Q1 Adjusted EBITDA
Beat
$100.05 mln
$93.79 mln (8 Analysts)
Q1 Adjusted EBITDA Margin
25.80%
Q1 Operating Income
$49.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Cactus Inc is $62.00, about 13.7% above its May 6 closing price of $54.51

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)