Cactus Posts Q3 Results; Backlog Reaches $615.6 Million
Cactus reported Q3 2026 results, backlog of $615.6 million and cash of $354.2 million, with no bank debt. It expects Q4 revenue to modestly increase and approved construction of a Spoolable Technologies plant in the Middle East.
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09:31:19 PM UTC
SquawkNews
Oct 28 (Reuters) - Cactus Q3 adjusted EBITDA margin 30.6%.
09:33:11 PM UTC
SquawkNews
CACTUS Q3 REVENUE USD 430.888 MILLION VS. IBES ESTIMATE USD 436.2 MILLION
Cactus, Inc. reported Q3 2026 results, with backlog at $615.6M and cash of $354.2M, no bank debt. Q4 revenues are expected to modestly increase; the board approved construction of a Spoolable Technologies plant in the Middle East.Material DetailsContext by AI AnalystThis is mid-cycle execution: Spo…