Overview
Cactus Q3 revenue of ~$264 mln beats analyst expectations
Adjusted EPS of $0.67 surpasses consensus estimates
Adjusted EBITDA of $86.9 mln exceeds analyst forecasts
Outlook
Company expects U.S. land rig count to be flat to slightly down in Q4 2025
Pressure Control revenues expected to remain relatively flat in Q4 2025
Spoolable Technologies segment to see typical seasonal decline late in 2025
Result Drivers
PRESSURE CONTROL MARGINS - Improved margins due to cost reduction initiatives and lower legal expenses
SPOOLABLE TECHNOLOGIES SALES - Strong international sales offset lower domestic activity
COST CONTROL FOCUS - Company emphasizes cost control and customer relationships amid market volatility
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $263.95 mln | $260.50 mln (5 Analysts) |
Q3 Adjusted EPS | Beat | $0.67 | $0.58 (7 Analysts) |
Q3 Adjusted Net Income | $53.71 mln | ||
Q3 Net Income | $50.18 mln | ||
Q3 Adjusted EBITDA | Beat | $86.94 mln | $77.50 mln (7 Analysts) |
Q3 Adjusted EBITDA Margin | 32.90% | ||
Q3 Operating Income | $61.23 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "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 $48.00, about 11.9% above its October 29 closing price of $42.27
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBw1GHzgZa
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(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.)