Cactus reports higher Q2 revenue, income and margins
Cactus posted Q2 2026 revenue of USD 449.5 million, up 16.00% sequentially, with operating income rising 68.84% to USD 83.6 million.
Net income climbed 52.60% from Q1 to USD 61.4 million, lifting diluted earnings per Class A share to USD 0.70.
Adjusted EBITDA, a non-GAAP measure, increased 32.72% sequentially to USD 132.8 million; adjusted EBITDA margin widened to 29.5% from 25.8%.
Pressure Control revenue rose 14.60% sequentially to USD 344 million, driven primarily by increased revenues in the Middle East.
Spoolable Technologies revenue increased 17.40% sequentially to USD 105.5 million on higher domestic activity; Q3 revenue seen down slightly sequentially.
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