Summary
WHD Chart
Cactus: A Growing And Solid Performer In A Tough Neighborhood
Cactus remains a resilient, capex-light onshore equipment provider with strong margins and a robust balance sheet despite recent oil price pressures. The Flexsteel acquisition and new Baker Hughes JV expand Cactus's product portfolio and international exposure, enhancing diversification at attractive EBITDA multiples. Shares have pulled back significantly, now trading at just 12x last year's earnings, presenting a more attractive entry point for long-term investors.
Oilfield equipment maker Cactus to buy controlling interest in Baker Hughes' unit
Oilfield equipment maker Cactus said on Monday it would purchase a 65% interest in Baker Hughes' surface pressure control business for $344.5 million.
Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services
HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE: WHD, “Cactus”), in which Baker Hughes will contribute its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, will assume operational control, owning 65% of the joint venture, while Baker Hughes will retain a 35% stake.
Cactus Inc. Dividends
 WHD 1 day ago Announced | Quarterly | $0.13 Per Share |
| WHD 3 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 6 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 9 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 28 May 2024 Paid | Quarterly | $0.12 Per Share |
Cactus Inc. Earnings
| 29 Jul 2025 (56 Days) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 26 Feb 2025 Date | | 0.72 Cons. EPS | 0.71 EPS |
| 6 Nov 2024 Date | | 0.75 Cons. EPS | - EPS |
| 30 Oct 2024 Date | | 0.75 Cons. EPS | 0.79 EPS |
| WHD 1 day ago Announced | Quarterly | $0.13 Per Share |
| WHD 3 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 6 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 9 months ago Paid | Quarterly | $0.13 Per Share |
| WHD 28 May 2024 Paid | Quarterly | $0.12 Per Share |
| 29 Jul 2025 (56 Days) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 26 Feb 2025 Date | | 0.72 Cons. EPS | 0.71 EPS |
| 6 Nov 2024 Date | | 0.75 Cons. EPS | - EPS |
| 30 Oct 2024 Date | | 0.75 Cons. EPS | 0.79 EPS |
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Cactus Inc. Profile
| Oil & Gas Equipment & Services Industry | Energy Sector | Mr. Scott J. Bender CEO | NYSE Exchange | 127203107 Cusip |
| US Country | 1,600 Employees | 2 Jun 2025 Last Dividend | - Last Split | 8 Feb 2018 IPO Date |
Overview
Cactus, Inc., along with its subsidiaries, operates in the energy sector by offering specialized equipment for the oil and gas industry. Founded in 2011 with its headquarters in Houston, Texas, the company has grown to provide its services and products not only in the United States but also in Australia, Canada, the Middle East, and other international markets. It focuses on two main segments: Pressure Control and Spoolable Technologies, catering to the needs of onshore unconventional oil and gas wells. By designing, manufacturing, selling, and leasing critical equipment, Cactus, Inc. supports the drilling, completion, and production phases of wells, along with offering comprehensive field services and equipment maintenance.
Products and Services
- Pressure Control Equipment
- Spoolable Pipes
- Repair and Refurbishment Services
Under the Cactus Wellhead brand name, this segment specializes in the design, manufacture, sale, and rental of wellhead and pressure control equipment. Serving primarily onshore unconventional oil and gas wells, the offerings include a wide range of equipment essential for the drilling, completion, and production stages. Field services complement these offerings, ensuring installation, maintenance, and proper handling of the equipment. This segment enables effective well pressure management critical for safety and efficiency in operations.
The Spoolable Technologies segment, under the FlexSteel brand name, focuses on the design, manufacture, and sale of spoolable pipes along with associated end fittings. These products are primarily designed for the transportation of oil, gas, and other liquids. Spoolable pipes offer advantages in terms of durability, flexibility, and ease of installation, making them suitable for use in a variety of operational environments. Additionally, this segment offers field services, rental items, and international equipment provisions to ensure comprehensive support for its products.
Apart from its primary products, Cactus, Inc. provides repair and refurbishment services for its equipment, ensuring longevity and optimal performance of the products. These services are crucial for maximizing the utility and efficiency of both pressure control and spoolable pipe technologies, thereby enhancing customer satisfaction and operational productivity.
Contact Information
