Cactus Q3 net income jumps 48% year over year to $74.09 million; Q3 revenues rise 63% year over year to $430.89 million

Bitget2026/10/28 21:41

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Cactus' third-quarter 2026 net income rose 48% year-over-year to $74.09 million, while revenue climbed 63% to $430.89 million.
Quarter-end backlog totaled $615.6 million, while cash and cash equivalents stood at $354.2 million.
A newly approved Spoolable Technologies manufacturing facility in the Middle East is expected to begin operations in 2029.
Management expects consolidated fourth-quarter revenue to increase modestly from the third quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cactus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-067952), on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/10 23:03