The oilfield services firm reported quarterly earnings exceeding analyst expectations by $0.03 per share and revenue by $7.53M.
Cactus posted non-GAAP earnings of $0.70 per share, surpassing estimates by $0.03, alongside revenue of $388.3M, which beat forecasts by $7.53M. The results reflect stronger-than-anticipated demand in oilfield services amid stable energy sector activity.
Analysts had projected earnings of $0.67 per share and revenue of $380.77M for the quarter. The company’s performance contrasts with mixed results from peers, signaling resilience in its operational segments.
Shares showed modest movement in after-hours trading as investors digested the earnings beat.