Welcome to our dedicated page for Cactus news (Ticker: WHD), a resource for investors and traders seeking the latest updates and insights on Cactus stock.
Cactus, Inc. (NYSE: WHD) is an oil and gas field machinery and equipment manufacturer whose news flow centers on pressure control equipment, spoolable pipe technologies and corporate developments. Company announcements highlight performance in its two primary segments, Pressure Control and Spoolable Technologies, as well as capital allocation decisions, dividends and balance sheet metrics.
Regular earnings releases provide detailed updates on quarterly revenues, operating income, net income, margins and adjusted EBITDA for each segment. Management commentary often explains how customer activity levels, tariffs, manufacturing efficiency, seasonal patterns and international sales are affecting segment results. These releases also discuss cash flow from operations, capital expenditures, cash balances, credit facility availability and dividend declarations on Class A common stock.
WHD news also includes transaction-related updates. In 2025, Cactus announced a definitive agreement for its subsidiary to acquire a 65% controlling interest in Baker Hughes’ Surface Pressure Control business, followed by the closing of that transaction on January 1, 2026. Related news items describe the strategic rationale for the deal, its expected impact on Cactus’ geographic footprint and revenue profile, and the formation of a joint venture in which Baker Hughes retains a 35% interest.
Investors following Cactus news can expect coverage of quarterly and annual results, dividend decisions, credit facility amendments, investor presentations and material transactions such as the Surface Pressure Control joint venture. This page aggregates those updates so readers can review how Cactus’ Pressure Control and Spoolable Technologies segments, as well as its international surface pressure control activities, are evolving over time.
Cactus, Inc. (NYSE: WHD) will release its third quarter 2021 earnings on November 3, 2021, after market close. A conference call to discuss the results is scheduled for November 4, 2021, at 9:00 a.m. CT. Investors can participate via webcast or by calling (833) 665-0603 in the U.S. and (929) 517-0394 internationally. Cactus specializes in wellhead and pressure control equipment, serving the oil and gas sector, with operations in key U.S. regions and Eastern Australia.
Cactus, Inc. (NYSE: WHD) and National Energy Services Reunited Corp. (NASDAQ: NESR) have entered an agreement to provide and deploy Cactus frac rental equipment in the Middle East. This collaboration aims to leverage Cactus' innovative products and NESR's extensive market presence to enhance unconventional oil and gas development in the region. Cactus CEO Scott Bender expressed optimism about growth prospects, while NESR CEO Sherif Foda highlighted the significance of their partnership for delivering efficient services to customers. Both companies anticipate a significant value addition for their clients.
Cactus, Inc. (NYSE: WHD) reported robust second quarter results for 2021, with revenues of $108.9 million, a 29% sequential increase. Operating income rose to $17.3 million, up 49%. The company achieved a net income of $14.8 million or $0.18 per diluted share. Cash flow from operations was $27.5 million, and cash balance stood at $309.1 million with no debt. The Board approved an 11% increase in the quarterly cash dividend to $0.10 per share, payable on September 16, 2021. Significant revenue growth in the Product and Rental segments was observed, enhancing shareholder returns.
Cactus, Inc. (NYSE: WHD) will release its second quarter 2021 earnings after the market closes on July 28, 2021. A conference call discussing the financial and operational results is scheduled for July 29, 2021, at 9:00 a.m. CT. Investors can join the call via phone or watch a webcast on the company's website. Cactus specializes in the design, manufacture, and rental of wellhead and pressure control equipment for oil and gas wells, providing services across key U.S. regions and in Eastern Australia.
Cactus, Inc. announced a transfer of limited liability company interests and shares between Cadent Energy Partners II, L.P. and its affiliated entities. Cadent will redeem approximately 3.3 million CW Units for an equal number of Class A common stock shares, with these shares subsequently distributed to its limited partners. The transactions will see the cancellation of 3.3 million CW Units and shares of Class B stock. Post-transfer, Cactus will have approximately 58 million Class A shares and nearly 17.7 million Class B shares outstanding, which maintains the current total voting shares.
Cactus, Inc. (NYSE: WHD) announced the appointment of Mr. Tym Tombar to its Board of Directors, effective July 1, 2021. Tombar, a co-founder of Arcadius Capital Partners, has extensive experience in energy private equity and investment banking. His expertise is expected to enhance the board's capabilities. Following this appointment, the board now consists of nine members, including six independent directors. Cactus specializes in designing and manufacturing wellhead and pressure control equipment, serving major oil and gas regions in the U.S. and Eastern Australia.
Cactus, Inc. (NYSE: WHD) reported financial results for Q1 2021, achieving revenues of $84.4 million. The company posted an operating income of $11.6 million and net income of $15.1 million, resulting in diluted earnings per share of $0.19. Adjusted net income stood at $8.6 million, with a cash flow from operations of $15.7 million. Cactus maintains a strong balance sheet with $292 million in cash and no bank debt. Additionally, the Board declared a quarterly cash dividend of $0.09 per share.
Cactus, Inc. (NYSE: WHD) will release its first quarter 2021 earnings after market close on May 5, 2021. A conference call to discuss financial and operational results is scheduled for May 6, 2021, at 9:00 a.m. CT (10:00 a.m. ET). The call will be accessible via webcast on the company's website. Cactus specializes in wellhead and pressure control equipment used in onshore oil and gas wells across various U.S. regions and Eastern Australia.
Cactus, Inc. (NYSE: WHD) has priced an underwritten secondary offering of 5,500,000 shares of its Class A common stock, resulting in gross proceeds of $173.3 million for selling stockholders. An additional 825,000 shares may be purchased by underwriters within 30 days. The offering is set to close on March 12, 2021, subject to customary conditions. Cactus will not receive any proceeds from this sale. Citigroup and Credit Suisse are the lead managers for this offering, which is made under an existing SEC registration statement.
Cactus, Inc. (NYSE: WHD) announced an underwritten secondary offering of 5,500,000 shares of its Class A common stock by certain selling stockholders. Additionally, the selling stockholders may grant underwriters a 30-day option to purchase up to 825,000 more shares at the public offering price. Cactus will not receive any proceeds from the sale. Citigroup and Credit Suisse are the joint book-running managers for this offering, which is made under an automatic shelf registration statement filed with the SEC.