Cactus, Inc. ( (WHD) ) has released its Q2 earnings. Here is a breakdown of the information Cactus, Inc. presented to its investors.
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Cactus, Inc. is a company that designs, manufactures, and sells pressure control and spoolable pipe technologies primarily for the oil and gas industry, with operations in North America and Australia. In the second quarter of 2025, Cactus reported revenues of $273.6 million and a net income of $49.0 million, reflecting a decline compared to previous quarters. Despite the challenging market conditions, the company maintained a strong cash position with $405.2 million in cash and no outstanding bank debt. Key highlights include an 8% increase in dividends and a strategic acquisition of a 65% majority interest in Baker Hughes’ Surface Pressure Control business. The company’s Spoolable Technologies segment showed growth, while the Pressure Control segment faced challenges due to lower rental revenues and tariff impacts. Looking forward, Cactus anticipates a continued decline in U.S. land rig counts but remains optimistic about its strategic acquisition, which is expected to provide a broader geographic footprint and revenue diversification.