Overview

• Pressure control technology firm's Q4 revenue beat analyst expectations

• Adjusted EBITDA for Q4 beat analyst expectations

• Company completed acquisition of Baker Hughes Surface Pressure Control business

Outlook

• Company expects flat U.S. land activity levels in Q1 2026

• Cactus anticipates softer Pressure Control sales in Q1 2026

• Company plans 2026 capital expenditures of $40 to $50 mln

Result Drivers

• PRESSURE CONTROL REVENUE - Sequential increase driven by higher product sales per rig and increased rental revenues

• SPOOLABLE TECHNOLOGIES DECLINE - Revenues decreased due to reduced customer activity in seasonally slow quarter

• COST REDUCTION INITIATIVES - Improved operating margins in Pressure Control segment due to cost reduction and recovery initiatives

Company press release: ID:nBw3nKj09a

Key Details

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 $52.00, about 10.3% below its February 25 closing price of $58.00

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

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