Cactus Q4 Earnings Top Estimates on Higher Pressure Control Revenues

Core Insights - Cactus, Inc. (WHD) reported fourth-quarter 2025 adjusted earnings of 65 cents per share, exceeding the Zacks Consensus Estimate of 58 cents, although down from 71 cents in the same quarter last year [1][11] - Total quarterly revenues reached $261 million, surpassing the Zacks Consensus Estimate of $251 million, but decreased from $272 million year-over-year [1][11] Business Segments - The Pressure Control segment generated revenues of $178.4 million, an increase from $176.7 million in the prior year, driven by higher product sales per rig and increased rental income [4] - Adjusted Segment EBITDA for Pressure Control was $59.2 million, down from $61.5 million year-over-year, but above the estimate of $52.3 million [5] - Revenues from the Spoolable Technologies segment totaled $84.2 million, down from $96.1 million in the prior year, yet exceeded the estimate of $82.2 million [5] - Adjusted Segment EBITDA for Spoolable Technologies was $31 million, down from $35 million a year ago, but also above the estimate of $28 million [6] Capex and Cash Flow - Cactus' net capital expenditures for the quarter were $4.3 million, with operating cash flow reported at $72.3 million [7] Balance Sheet - At the end of the fourth quarter of 2025, Cactus had cash and cash equivalents of $123.6 million and no outstanding bank debt [8] 2026 Outlook - WHD anticipates the U.S. land rig count for the first quarter of 2026 to remain relatively flat compared to the fourth quarter of 2025, with expected net capital expenditures for the full year in the range of $40-$50 million [9]