Cactus Inc
NYSE:WHD

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Cactus Inc
NYSE:WHD
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Price: 45.89 USD -0.15%
Market Cap: 3.7B USD

Cactus Inc
Investor Relations

Cactus Inc. began its journey in the energy sector as a company with a keen focus on innovating drilling technologies and wellhead solutions. Founded in Houston, Texas, Cactus positioned itself strategically at the heart of the oil and gas industry, a location not just geographically pivotal but also culturally ingrained in the business of energy extraction. By capitalizing on the untapped potential for high-quality, efficient wellhead equipment, Cactus set itself apart with a product offering that significantly reduces installation times and enhances safety protocols. This commitment to quality and efficiency became their calling card, earning them a solid reputation among oil and gas producers seeking reliable products that minimize downtime and maximize productivity.

The company thrives on its ability to cater to both the onshore and offshore segments of the industry, providing an extensive suite of wellhead and pressure control equipment. Their revenue streams are primarily generated through the sale and rental of this specialized equipment, along with aftermarket services that ensure ongoing maintenance and optimization. Cactus's success lies in its ability to understand the technical challenges faced by its clients and consistently deliver solutions that mitigate these issues. With a business model that embraces innovation and customer service, Cactus Inc. has built a sturdy foundation in a market where precision and reliability are paramount. This focus on technological advancement allows them to not only cater to current demand but also anticipate future industry needs, keeping them at the forefront of the sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue: Q3 revenue was $264 million, down 3.5% sequentially, but came with strong margin performance.

Pressure Control Margins: Pressure Control segment margins improved significantly, driven by cost reductions, tariff mitigation, and lower legal expenses.

Spoolable Technologies: Segment sales and margins exceeded expectations, mainly due to higher international shipments and product diversification.

Cash Position: Cash balance increased to $446 million, up $40 million sequentially.

Dividend: Quarterly dividend of $0.14 per share was paid in Q3, with another approved for December.

Guidance: Q4 Pressure Control revenue expected to be flat, Spoolable Technologies revenue expected to decline low double digits sequentially, and margin guidance provided for both segments.

Acquisition Update: Integration planning for the Baker Hughes Surface Pressure Control deal is on track, with closing expected in early 2026.

Macro View: Management sees subdued domestic activity, with customers cautious on upstream spending due to oil price uncertainty and global market crosscurrents.

Key Financials
Revenue
$264 million
Adjusted EBITDA
$87 million
Adjusted EBITDA Margin
32.9%
Pressure Control Segment Revenue
$169 million
Pressure Control Segment Operating Income
not specified
Pressure Control Segment Adjusted Segment EBITDA
not specified
Spoolable Technologies Segment Revenue
$95 million
Spoolable Technologies Segment Operating Income
not specified
Spoolable Technologies Segment Adjusted Segment EBITDA
not specified
Cash Balance
$446 million
GAAP Net Income
$50 million
Book Tax Expense
$14 million
Adjusted Net Income
$54 million
Earnings Per Share
$0.67
Quarterly Dividend per Share
$0.14
Net CapEx
$8.2 million
Depreciation and Amortization Expense
$16 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott J. Bender
CEO & Chairman of the Board
No Bio Available
Mr. Joel Bender
President & Director
No Bio Available
Mr. Steven Bender
Chief Operating Officer
No Bio Available
Mr. William D. Marsh J.D.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Stephen D. Tadlock
Executive VP & CEO of the Spoolable Pipe Segment
No Bio Available
Mr. Jay A. Nutt
CFO, Executive VP & Treasurer
No Bio Available
Ms. Dawn Smith
Vice President of Human Resources
No Bio Available
Alan Boyd
Director of Corporate Development & Investor Relations
No Bio Available

Contacts

Address
TEXAS
Houston
920 Memorial City Way Ste 300
Contacts
+17136268800.0
cactuswhd.com