that this often well Thanks, was note performed case third market Steve. during during We has historically Cactus downturns, quarter. the and the
for all which despite customers room high productivity decline most savings pricing gains to attention quarter. followed driven and our XX% privates provide strength production and in wellhead market our the customer share understand, that to activity. by additions, was tree share our further the time region's typically As equipment. rigs was service overall of there One with nearly where new with increased our including source efficiency customers. their Haynesville, This the E&Ps lower during and well during recently gains. costs. particular at us disproportionately turns market quarter increased to Recall utilize well is acquired offerings, concessions. Their business, to product This little third In aligns grew area
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by followed approximately are expect Product we fourth a during to reason, XX% quarter. rigs expected this revenues Cactus' increase. the For similar increase witness to
expectation the a provides caution recent price through activity increase reason weakness of general oil the rig is some fourth remainder Our year. now but for for general for quarter the in
during quarter, in the million from margins Our of low EBITDA the the higher the product XX% fourth tariff excluding our the product quarter, $X.X expected be than arising margins during or flat refunds. third EBITDA were slightly impact to
side revenue for business, in a was double-digit with line prior decline. On guidance percentage our the the low of rental
While rental from a improved of oil benefited second that quarter a from That strong was next relatively regarding the price said DUC on expansion activity opportunities mentioned although June, should and early our levels our thus our quarter third our business, seen weakness. of have ability we hindering we in same sequential provide earlier April, impact May focus the growth. further believe record concerns to for year reductions
goods our EBITDA and above during to our discipline to quarter. in evaluating our discipline We was equipment, value continue value business ability to This margins recognizing recognizing rental third services for of the maintain the to opportunities our goods the bring customers. key XX% maintain and
Looking continue We'll expect slowdown assuming to pricing revenue to a oil basis, holidays. to sequential QX, significant exercise on and there's improved in currently the percentage the quarter, for the tied part we depressed not month. sequentially weakness discipline a price or the flattish quarter. our from expect of Revenue early but innovations meaningfully mid-XX EBITDA margins third the during recent fourth was each
from products, capabilities. progress on other location activities. eliminate the technicians, R&D digital of which allow These remote and capabilities real-time our update monitoring year frac contractors an substantial greater additional this remote we've made of our further during business, safer, rental on As with iron our users in and development clients will automation and provide
we and more a capital anticipate expect enhancements, Importantly, these for minimal we be next Nonetheless, additional offerings constructive paid expenditures. such environment require to year.
revenues still rental shipment margins segment due bind to our than expect to East. margins both our attribute service, momentum and recent accordingly, the expect additional This we quarter. activity. details seasonal should be this restrictions for in currently slightly higher And in elements. we've our this below of years. in quarter achieved see prepping during fuel lower questions. most fourth by typically continued improvement travel and This next in Regarding we XX% the begin to while Internationally, to markets, into quarter, equipment fourth the to EBITDA Middle for provide to XXXX, witnesses driven the impeded are segment we first revenue most have benefit We product
believe continue is makes we within significant our most tangible for the to synergies. M&A, where consolidation sense there Regarding scope industry that
in business our with investors long-term or management this regularly, you are remind shareholders. aligned highly I As
activity deployment main as will our better it Structurally, to year the about priorities. we're As Cactus was cash free capital upcoming the summary, positioned that team optimistic with now opportunities ago. In than evaluate and returns recovery a rebounds, will activity only is flow our continue present.
to to the over Operator. and back we turn expect recover, begin begin As it we benefit activity operator Cactus' revenue disproportionately. Q&A. results to that, and I'll With can
