Cactus, Inc. filings document an oilfield equipment and services business focused on pressure control and spoolable technologies. Material-event reports and proxy statements cover operating results, segment information for Pressure Control and Spoolable Technologies, capital structure, Class A common stock dividends and related CC Unit distributions.
The company's SEC record also includes proxy materials for board elections, executive compensation, equity awards and shareholder voting matters. Form 8-K filings report governance changes, investor presentation materials, material agreements and completed acquisition activity, including historical and pro forma financial statements for the surface pressure control business acquired through a Cactus subsidiary.
Cactus, Inc. (WHD) released an investor presentation in connection with upcoming investor meetings, outlining recent performance, balance sheet position and near‑term outlook. For 2025, the company reported revenue of $1.08 billion, net income of $201.6 million and Adjusted EBITDA of $352.9 million, corresponding to a 32.7% Adjusted EBITDA margin. Six months ended June 30, 2026 showed revenue of $837.9 million, net income of $101.6 million and Adjusted EBITDA of $232.8 million, with a 27.8% Adjusted EBITDA margin.
The presentation emphasizes a strong financial position with approximately $366 million of cash at Q2 2026, about $224 million of revolver availability and a $100 million undrawn term loan, supporting capacity expansion and facility investments. Cactus highlights multi‑year high‑20s to mid‑30s Adjusted EBITDA margins, steadily rising dividends and share repurchases since 2018, and a net cash position of about $348 million as of June 30, 2026. Management notes roughly $110 million of Latin American orders for FlexSteel spoolable pipe year‑to‑date for 2026–2027 and growing international exposure. For Q3 2026, guidance calls for a low double‑digit sequential revenue decline in Pressure Control with 23–25% Adjusted EBITDA margin, while Spoolable Technologies revenue is expected to rise about 20% with 39–41% margin and a Corporate and Other Adjusted EBITDA charge of about $5 million.
Cactus, Inc. (WHD) reported that major holder Cactus WH Enterprises, LLC recorded internal restructuring transactions on September 1, 2026. The reporting entity disposed of 100,000 Units of Cactus Companies, LLC (each Unit economically paired with one share of Class A Common Stock) and 100,000 shares of Class B Common Stock through distributions to certain of its members in connection with redemptions of their ownership interests. Following these dispositions, the reporting entity held 9,161,249 Units and 9,161,249 shares of Class B Common Stock, and no Rule 10b5-1 trading plan is reported.
Cactus, Inc. (WHD) reported that president and director Joel Bender filed a Form 4 for a series of related transactions on September 1, 2026. An entity he controls, Bender Investment Company, redeemed 100,000 Units and a corresponding 100,000 shares of Class B Common Stock for 100,000 shares of Class A Common Stock, then sold 100,000 Class A shares at $70.372 per share under a Rule 10b5-1 trading plan. After these transactions, Bender is deemed to beneficially own 9,161,249 shares of Class B Common Stock and 9,161,249 Units held by Cactus WH Enterprises, LLC, in which he has an indirect pecuniary interest.
Cactus, Inc. (WHD) director, Chairman and CEO Scott Bender reported several related equity restructuring steps on September 1, 2026 involving Units of Cactus Companies, LLC, Class B Common Stock and Class A Common Stock. An entity he controls, Bender Investment Company, redeemed 100,000 Units and a corresponding 100,000 shares of Class B Common Stock, which were exchanged for 100,000 shares of Class A Common Stock, while the Class B shares were cancelled. Separately, Bender Investment Company sold 100,000 shares of Class A Common Stock at an average price of $70.372 per share pursuant to a Rule 10b5-1 trading plan. After these transactions, Scott Bender is deemed to beneficially own 9,161,249 shares of Class B Common Stock and 9,161,249 Units held by Cactus WH Enterprises, LLC, reflecting a large continuing indirect stake.
Cactus, Inc. (WHD) has a Form 144 filing indicating that Bender Investment Company, identified as a 10% owner, intends to sell up to 100,000 shares of Common Class A stock. The securities are listed on the NYSE, with an aggregate market value for the shares to be sold of $7,000,000 and 69,733,168 shares of this class reported as outstanding. In the prior three months, Bender Investment Company reported sales totaling 219,?00 shares of Common Class A stock for an aggregate consideration of roughly $12.?? million.
Cactus WH Enterprises, LLC, a 10% owner of Cactus, Inc., reported two related restructuring transactions on August 6, 2026. It disposed of 25,000 Units of Cactus Companies, LLC (each Unit being exchangeable into Class A Common Stock or cash under an amended operating agreement) and 25,000 shares of Class B Common Stock. After these distributions connected to member redemptions, the reporting entity held 9,261,249 Units/Class B-equivalent interests.
Cactus, Inc. Chairman and CEO Scott Bender reported an indirect restructuring transaction involving interests in Cactus WH Enterprises, LLC and Cactus Companies, LLC. An entity associated with him disposed of 25,000 Units and 25,000 shares of Class B Common Stock in connection with member redemptions. After these transactions, he is deemed to beneficially own 9,261,249 Class B shares and an equal number of Units held by Cactus Enterprises, while disclaiming beneficial ownership beyond his indirect pecuniary interest.
Cactus, Inc. director and president Joel Bender reported an internal ownership restructuring involving entities holding the company’s equity. On 2026-08-06, 25,000 Units of Cactus Companies, LLC and 25,000 shares of Class B Common Stock were disposed of indirectly in connection with redemptions of ownership interests in Cactus WH Enterprises, LLC. After these transactions, he is deemed to beneficially own 9,261,249 shares of Class B Common Stock and an equal number of Units held by Cactus WH Enterprises, LLC, reflecting an indirect pecuniary interest that he partly disclaims.
Cactus, Inc. (WHD) executive Steven Bender, COO, EVP and CEO-SpoolableTech, reported several related equity transactions. On August 6, 2026, he redeemed ownership interests in Cactus WH Enterprises, LLC, receiving 25,000 Class B Common Stock and 25,000 Units tied to Class A shares, then disposed of the same 25,000 Class B shares, which were cancelled, and acquired 25,000 Class A Common Stock through the Unit redemption on a one-for-one basis. On August 7, 2026, he sold 25,000 Class A Common Stock in an open-market or private transaction at $67.6489 per share. The Units were redeemed for Class A Common Stock on August 6, 2026, and the filing does not indicate use of a Rule 10b5-1 trading plan.