Cactus, Inc. filed a Current Report on Form 8-K dated September 8, 2026, to disclose materials for upcoming investor meetings. The filing includes an attached presentation, Exhibit 99.1, which outlines the company's strategic positioning and financial performance.
The presentation details Cactus' status as a pure-play equipment solutions provider for onshore markets. It highlights the company's differentiated products, including Wellhead Systems, Production Trees, Spoolable Pipe, and Frac Stacks. Management emphasizes the company's ability to provide service, installation, and maintenance for its equipment.
Financial data presented in the document includes revenue figures for the years 2021 through 2026. For the YTD 2026 annualized period, the company reported revenue of $466 million. Adjusted EBITDA for the same period was reported at $340 million, resulting in an Adjusted EBITDA margin of 73%. The presentation also includes pro forma financial profiles combining Cactus and its acquired entities.
The document references significant acquisitions made by the company. It notes that on February 28, 2023, Cactus acquired the FlexSteel business through a merger with HighRidge Resources, Inc. Additionally, it confirms that on January 1, 2026, Cactus acquired 65% of the limited liability company membership interests in Baker Hughes Pressure Control LLC, referred to as Cactus International.
The filing contains forward-looking statements regarding future operations, financial position, and expected revenue. Management cautions that actual results may differ due to risks and uncertainties, including challenges related to the FlexSteel business or the Cactus International Transaction.
