Recent Updates — WHD

Cactus, Inc. reported third-quarter revenue of $430.9 million and diluted earnings per share of $0.87 for the period ended September 30, 2026. The company also declared a quarterly cash dividend of $0.15 per Class A common share, payable on December 17, 2026 to holders of record as of November 30, 2026. Cactus designs and manufactures pressure control and spoolable pipe technologies for the oil and gas industry.

Cactus, Inc. filed a Form 8-K to furnish an investor presentation for meetings scheduled in September 2026. The filing provides third-quarter 2026 guidance, projecting Pressure Control revenue down low double digits versus Q2 with an Adjusted EBITDA margin of 23%–25%, and Spoolable Technologies revenue up approximately 20% with a margin of 39%–41%. Corporate and Other is expected to incur an Adjusted EBITDA charge of approximately $5 million. The company also highlighted its balance sheet strength, citing $366 million in cash as of June 30, 2026, and full-year capital expenditure guidance of $55–$65 million. Cactus, Inc. operates in the oilfield services industry, providing engineered wellhead systems, production trees, and spoolable pipe solutions.

Cactus, Inc. reported second quarter 2026 results on July 29, 2026, posting revenue of $449.5 million and diluted earnings per share of $0.70. The company also announced a 7% increase in its quarterly dividend to $0.15 per Class A common share, payable September 11, 2026, to shareholders of record on August 31, 2026. Additionally, the Board appointed Joseph Elkhoury to the board of directors. Cactus designs and manufactures pressure control and spoolable pipe technologies for the oil and gas industry.