Cactus Forms JV With Baker Hughes, Boosts International Presence
WHD teams up with BKR to acquire its Surface Pressure Control Business in a deal worth $344.5 million.
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.
Why Is Cactus (WHD) Up 5.5% Since Last Earnings Report?
Cactus (WHD) reported earnings 30 days ago. What's next for the stock?
Cactus (WHD) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Cactus (WHD) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cactus Inc. (WHD) Q1 2025 Earnings Call Transcript
Cactus Inc. (NYSE:WHD ) Q1 2025 Earnings Conference Call May 1, 2025 10:00 AM ET Company Participants Alan Boyd - Director of Corporate Development & Investor Relations Scott Bender - Chief Executive Officer & Chairman of the Board Jay Nutt - Executive Vice President, Chief Financial Officer and Treasurer Joel Bender - President Conference Call Participants David Anderson - Barclays Stephen Gengaro - Stifel Scott Gruber - Citigroup Arun Jayaram - J.P. Morgan Securities Jeff LeBlanc - TPH Don Crist - Johnson Rice Operator Good day, everyone, and thank you for standing by.
Cactus Beats on Q1 Earnings and Revenues, Lowers '25 Capex View
WHD Q1 earnings and revenues top estimates on increased revenues from the Pressure Control segment. The company expects the U.S. land rig count in the second quarter to decline sequentially.
Cactus, Inc. (WHD) Beats Q1 Earnings and Revenue Estimates
Cactus, Inc. (WHD) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.75 per share a year ago.
Cactus Q4 Earnings and Revenues Lag Estimates on Lower Segment EBITDA
WHD Q4 earnings and revenues lag estimates on decreased revenues from the Pressure Control segment. The company expects U.S. land activity level in the first quarter to be flat sequentially.
Cactus Inc. (WHD) Q4 2024 Earnings Call Transcript
Cactus Inc. (NYSE:WHD ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Alan Boyd - Director of Corporate Development & Investor Relations Scott Bender - Chief Executive Officer & Chairman of the Board Jay Nutt - Executive Vice President, Chief Financial Officer and Treasurer Steven Bender - Chief Operating Officer Conference Call Participants Stephen Gengaro - Stifel Arun Jayaram - J.P. Morgan Securities Scott Gruber - Citigroup Operator Good day and thank you for standing by and welcome to the Cactus Q4 2024 Earnings Call.
Cactus, Inc. (WHD) Q4 Earnings and Revenues Lag Estimates
Cactus, Inc. (WHD) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.81 per share a year ago.
