Financial Performance and Strategic Outlook

G 23 23 1. 2. Recent Performance & Outlook Fourth Quarter 2021 Performance ■ Revenues up 13% sequentially Product market share (1) of 42% ■ Adjusted EBITDA margin (2) increased to approximately 28% Outlook & Recent Developments Q1 2022 Product revenues expected to be up at least 5% sequentially Rigs followed expected to be up at least 10% versus Q4 2021 ■ Margins expected to improve sequentially Q1 2022 Rental revenues expected to be up by approximately 15% sequentially ■Margins expected to improve sequentially Temporary Field Service headwinds due to labor & onboarding costs Represents the average number of active U.S. onshore rigs Cactus followed (which Cactus defines as the number of active U.S. onshore drilling rigs to which it was the primary provider of wellhead products and corresponding services during drilling) as of mid-month for each of the three months in the applicable quarter divided by the Baker Hughes U.S. onshore rig count quarterly average. The Appendix at the back of this presentation contains a reconciliation of EBITDA and Adjusted EBITDA to net income, the most comparable financial measure calculated in accordance with GAAP. Incremental Adjusted EBITDA margin represents the sequential change in Adjusted EBITDA divided by the sequential change in revenue during the quarter.

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