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) reported its fourth quarter and full year 2020 results, showing a revenue of $68.1 million and net income of $6.1 million. Adjusted EBITDA stood at $19.8 million with a margin of 29.1%. The company maintained a strong cash position with $288.7 million and no debt. Cactus achieved a market share of 43% in U.S. land rigs, driven by increased drilling activity. A quarterly cash dividend of $0.09 was declared for March 2021. Looking ahead, the company anticipates double-digit revenue growth across all business lines in early 2021.
Cactus, Inc. (NYSE: WHD) will release its fourth quarter and full year 2020 earnings on February 24, 2021, post-market. The conference call to discuss these results is scheduled for February 25, 2021, at 9:00 a.m. Central Time. Interested parties can listen to the call via webcast on Cactus' website or by dialing in. Cactus specializes in engineering wellhead and pressure control equipment primarily for the oil and gas sector, providing essential services across major U.S. oil and gas producing regions.
Cactus, Inc. (NYSE: WHD) has announced a cash dividend of $0.09 per share of Class A common stock, payable on March 18, 2021, to stockholders on record as of March 1, 2021. A corresponding distribution of $0.09 per CW Unit has also been approved for holders of CW Units. Future dividends and amounts will require Board approval. Cactus specializes in highly engineered wellhead and pressure control equipment, serving onshore unconventional oil and gas wells across key U.S. regions and in Eastern Australia.
Cactus, Inc. (NYSE: WHD) reported third quarter 2020 results with revenues of $59.8 million, down from $66.5 million in Q2. Income from operations rose to $12.6 million with a net income of $10.9 million, translating to diluted earnings per share of $0.13. Adjusted EBITDA reached $24.6 million, representing a margin of 41.1%. The company declared a quarterly cash dividend of $0.09 per share and reported a strong cash balance of $273.9 million with no debt. Despite challenges, Cactus has maintained positive free cash flow for eleven consecutive quarters.
Cactus, Inc. (NYSE: WHD) has announced its third quarter 2020 earnings release, scheduled for November 4, 2020, after market close. A conference call to discuss the financial and operational results will follow on November 5, 2020, at 9:00 a.m. Central Time. Interested parties can access the call via webcast on the company's website or by phone. Cactus specializes in designing, manufacturing, and renting wellhead and pressure control equipment, primarily for onshore unconventional oil and gas wells, and operates service centers in key U.S. and Australian regions.