Cactus

Cactus, Inc. is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment. The company was founded in August 2011 and is headquartered in Houston, TX.

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Earnings data Q4 2024

Cactus (WHD) reports record Q4 earnings, eyes international expansion

Cactus (WHD) delivered robust financial performance in Q4 2022, showcasing revenue growth, improved margins, and strong market positioning.
While facing challenges such as increased expenses and market volatility, the company remains optimistic about its outlook and growth prospects.
With a focus on international expansion, strategic acquisitions, and operational efficiency, Cactus is well-positioned to capitalize on market opportunities and drive continued success.

Cactus (WHD) reports solid Q1 results, eyes growth in Spoolable Technologies

Cactus (WHD) delivered a robust performance in Q1 2023, driven by strong revenue, EBITDA, and market share, supported by strategic acquisitions and operational excellence.
While facing challenges such as Pressure Control revenue decline and market uncertainties, the company remains well-positioned to capitalize on growth opportunities in Spoolable Technologies and international markets.
By focusing on operational resilience, strategic expansion, and financial stability, Cactus (WHD) aims to navigate challenges, leverage opportunities, and drive sustainable value creation for stakeholders.

Cactus (WHD) reports strong Q2 earnings, eyes growth opportunities

Cactus (WHD) delivered robust Q2 results, showcasing financial strength and strategic positioning.
While facing short-term challenges in Pressure Control revenue and cost dynamics, the company remains confident in its growth trajectory.
Opportunities lie in market share expansion, new product offerings, and sustained focus on cash returns.
Management's emphasis on differentiation and performance underlines a positive outlook for future growth and profitability.

Cactus (WHD) reports Q3 earnings, faces revenue challenges, eyes growth opportunities

Cactus (WHD) reports mixed Q3 performance with revenue and adjusted EBITDA figures meeting expectations. Challenges include revenue declines in key segments, while opportunities lie in upcoming product enhancements and market expansion. Analyst inquiries focus on margins, customer behavior changes, and growth strategies post-acquisition.

Cactus (WHD) reports robust Q4 earnings, eyes international expansion

Cactus (WHD) delivered a strong financial performance in Q4 2023 with record revenues, strong margins, and positive adjusted EBITDA growth across segments.
While facing challenges such as a projected decline in Pressure Control revenue, the company remains focused on cost reduction and international expansion for future growth.
Opportunities in new product introductions and market penetration present avenues for Cactus (WHD) to drive revenue growth and enhance shareholder value in the energy services sector.

Cactus (WHD) reports robust Q1 earnings, eyes international expansion

Cactus (WHD) delivered solid financial performance in Q1 2024, with revenue, EBITDA, and cash balance meeting expectations.
The company faces challenges in maintaining growth momentum in the Pressure Control segment but has opportunities for expansion and market differentiation.
Strategic focus on cost efficiencies, market differentiation, and international growth bode well for future prospects and profitability.
Overall, Cactus (WHD) remains well-positioned to navigate challenges and capitalize on growth opportunities in the energy sector.

Cactus (WHD) posts strong Q3 earnings, eyes international growth

Cactus (WHD) delivered solid Q3 results with revenue of $293 million and adjusted EBITDA of $100 million.
Despite challenges in segment revenues for Q4, the company maintains a strong cash position and eyes international growth.
Strategic focus on acquisitions, market dynamics, and revenue optimization presents avenues for future success.
Overall, Cactus (WHD) demonstrates resilience and strategic foresight amidst evolving market conditions.

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Cactus, Inc. is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. It operates through Pressure Control and Spoolable Technologies segments. The Pressure Control segment designs, manufactures, sells and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipe and associated end fittings under the FlexSteel brand. The company was founded in August 2011 and is headquartered in Houston, TX.

The consensus price target hints at a 31.5% upside potential for Cactus, Inc. (WHD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Cactus, Inc. (WHD) Could Surge 31.49%: Read This Before Placing a Bet

Cactus, Inc. (WHD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Cactus, Inc. (WHD) is Poised to Beat Earnings Estimates Again

Cactus, Inc. reported its Q4 2022 financial results on February 23, 2023. The firm provides wellhead equipment to the oil and gas industry.

Cactus Earmarks CapEx For International Expansion

ConocoPhillips

Hess

Occidental Petroleum

From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil & Gas US Integrated industry. COP, OXY, HES and WHD will make the most of the favorable business scenario.

4 Integrated US Stocks to Gain as Crude Price Remains Favorable

NexTier Oilfield Solutions Inc

Profire Energy

Ranger Energy Services

Tidewater

Up to date as of market close 03/13/23. 60 oilfield services providers were screened for profitability and subsequently ranked by means of a multi-factor matrix.

Highest Quality Oilfield Services Stocks

Borr Drilling Ltd

Diamond Offshore Drilling Inc

Dawson Geophysical

ENGlobal

Enservco

Flotek Industries

Geospace Technologies

Independence Contract Drilling

KLX Energy Services Holdings Inc

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Transocean

SPDR S&P Oil & Gas Equipment & Services ETF

Given economic uncertainty and volatility in energy markets, I believe cautious oilfield services investors will want to avoid the highest risk investments in the sector. 58 oilfield services providers were screened for profitability based on net income margin; 26 were not profitable over the previous twelve months.

The Riskiest Investments In Oilfield Services

Halliburton

Helmerich & Payne

Nabors Industries

Noble Corp PLC

Patterson-UTI Energy

Schlumberger

Valaris Ltd

Given the uncertainty in energy markets, I believe oilfield services investors should concentrate on quality and profitability. 58 oilfield services equities were screened for profitability based on net income margin; only 33 were profitable over the previous twelve months.

Oilfield Services: Screening And Matrix Evaluation

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) and its affiliates (“Cactus” or the “Company”) today announced the completion of the acquisition of FlexSteel Holdings, Inc. and certain of its affiliates (“FlexSteel”). In connection with the acquisition, Cactus amended and restated its existing credit facility to provide for a term loan of $125 million and $225 million in revolving commitments.

Cactus Completes Previously Announced Acquisition of FlexSteel

Increased drilling activity by customers aids Cactus' (WHD) Q4 earnings.

Cactus' (WHD) Q4 Earnings Beat Estimates, Revenues Miss

Cactus, Inc. (NYSE:WHD ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants John Fitzgerald - Director, Corporate Development and IR Scott Bender - CEO Steve Tadlock - CFO Joel Bender - SVP and COO Steven Bender – VP, Operations Conference Call Participants David Anderson - Barclays Steve Gengaro - Stifel David Smith - Pickering Energy Partners Operator Good day and thank you for standing by. Welcome to the Cactus Q4 2022 Earnings Conference Call.

Cactus, Inc. (WHD) Q4 2022 Earnings Call Transcript

Cactus, Inc. (WHD) delivered earnings and revenue surprises of 11.76% and 1.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cactus, Inc. (WHD) Q4 Earnings Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the fourth quarter and full year 2022. Fourth Quarter 2022 Highlights and Recent Events Revenue of $187.8 million and income from operations of $48.2 million; Net income of $40.7 million(1) and diluted earnings per Class A share of $0.50(1); Adjusted net income(3) of $43.5 million and diluted earnings per share, as adjusted(3) of $0.57; Net income margin of 21.

Cactus Announces Fourth Quarter and Full Year 2022 Results

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), with respect to the previously announced agreement to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. (“FlexSteel”) and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc.

Cactus Announces Expiration of Hart-Scott-Rodino Waiting Period for the Pending FlexSteel Transaction

HOUSTON--( BUSINESS WIRE )--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its fourth quarter and full year 2022 earnings release after market close on Wednesday, February 22, 2023. The Company will host a conference call to discuss financial and operational results on Thursday, February 23, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

Cactus Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

HOUSTON--( BUSINESS WIRE )--Pickering Energy Partners (“PEP”) acted as a co-manager on the $150,000,000 follow-on public offering for Cactus, Inc. (NYSE: WHD) which closed on January 13, 2023.

Pickering Energy Partners Acted as Co-Manager to Cactus, Inc.

With a market cap of $4.3 billion, Cactus (WHD) creates long-term value for shareholders.

Here's Why You Must Invest in Cactus (WHD) Stock Right Now

HOUSTON--( BUSINESS WIRE )--Cactus, Inc. (NYSE: WHD) (“Cactus”) announced today the pricing of an underwritten offering (the “Offering”) of 2,803,739 shares of its Class A common stock (“common stock”) for total gross proceeds of approximately $150 million. Cactus has granted the underwriters an option to purchase up to an additional 420,561 shares of common stock at the public offering price, less the underwriting discounts and commissions. The Offering is expected to close on January 13, 2023, subject to customary closing conditions.

Cactus Prices Upsized Public Offering of Common Stock

HOUSTON--( BUSINESS WIRE )--Cactus, Inc. (NYSE: WHD) (“Cactus”) announced today the commencement of an underwritten offering (the “Offering”) of $125,000,000 of its Class A common stock (“common stock”). Cactus intends to offer the underwriters an option to purchase up to $18,750,000 of additional shares of common stock at the public offering price, less underwriting discounts and commissions.

Cactus Announces Public Offering of Common Stock

Cactus, Inc. is an interesting oil and gas exploration supplier. After years of muddling through, Cactus has seen a strong 2022 and started 2023 with an interesting deal.

Cactus: Interesting Start To 2023

Cactus (WHD) announced today that it entered into a definitive agreement to acquire FlexSteel Technologies The post Why Cactus Is Buying FlexSteel (WHD) appeared first on Pulse 2.0.

Why Cactus Is Buying FlexSteel (WHD)

HOUSTON--( BUSINESS WIRE )--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) announced today that it has entered into a definitive agreement (the “Agreement”) to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. (“FlexSteel”) and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc. FlexSteel is a market-leading manufacturer of spoolable pipe technologies primarily purchased by customers during the production phases of a well's lifecycle.

Cactus Announces Agreement to Acquire FlexSteel

Cactus, Inc. (WHD) reported earnings 30 days ago. What's next for the stock?

Why Is Cactus, Inc. (WHD) Down 10.2% Since Last Earnings Report?

When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?

Cactus, Inc. (WHD) Just Overtook the 20-Day Moving Average

Higher sales of wellhead and production-related equipment aid Cactus' (WHD) earnings in Q3.

Cactus (WHD) Shares Rise 6.8% Since Q3 Earnings Beat Estimates

Cactus, Inc. (NYSE:WHD ) Q3 2022 Earnings Conference Call November 7, 2022 10:00 AM ET Corporate Participants John Fitzgerald - Investor Relations Scott Bender - Chief Executive Officer Stephen Tadlock - Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Connor Lynagh - Morgan Stanley David Smith - Pickering Energy Operator Good day and thank you for standing by and welcome to Cactus Third Quarter 2022 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

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