Cactus Inc. (NYSE: WHD) shares surged 5.99% in pre-market trading following the release of its third-quarter 2025 financial results, which significantly surpassed analyst expectations. The oilfield equipment maker demonstrated strong performance across key financial metrics, despite challenging market conditions.
For the quarter ended September 30, Cactus reported adjusted earnings per share of $0.67, handily beating the consensus estimate of $0.58. Revenue came in at $263.95 million, surpassing the expected $260.5 million. The company's adjusted EBITDA of $86.94 million also exceeded analyst forecasts of $77.5 million, with an impressive adjusted EBITDA margin of 32.9%.
Scott Bender, CEO and Chairman of the Board of Cactus, expressed pride in the company's performance. While Pressure Control revenues declined as anticipated, the Spoolable Technologies segment saw higher-than-expected revenues and margins. Looking ahead, the company expects the U.S. land rig count to be flat to slightly down in Q4 2025, with Pressure Control revenues remaining relatively flat and the Spoolable Technologies segment experiencing a typical seasonal decline late in the year. Despite market volatility, Cactus continues to focus on cost control and maintaining strong customer relationships, which may contribute to its resilience in the face of industry challenges.
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