Cactus Guides Q3 Pressure Control Revenue Down Low Double Digits, Spoolable Up 20%
WHD has more than doubled off its 52-week low of $33.2.
Summary
Cactus issued Q3 guidance showing Pressure Control revenue down low double digits with 23-25% margins, while Spoolable Technologies revenue is expected up about 20% with 39-41% margins. The company also disclosed ~$110 million in Latin America orders and a first 10-inch regulated oil line award.
Key Events · Earnings and Guidance · WHD
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Q3 Pressure Control Revenue Guided Down
Pressure Control revenue expected down low double digits versus Q2 2026, with Adjusted EBITDA margin of 23-25% — a decline from the 33.4% segment margin shown for YTD 2026.
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Spoolable Technologies Guided Up 20%
Spoolable Technologies Q3 revenue expected up approximately 20% versus Q2 2026, with Adjusted EBITDA margin of 39-41%.
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Corporate Charge of ~$5M
Expected Corporate and Other Adjusted EBITDA charge of approximately $5 million in Q3 2026.
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~$110M Latin America Orders
Awarded approximately $110 million in Latin America orders year-to-date for delivery in 2026 and 2027, supporting international growth.
Analysis · WHD · Energy & Transportation
Cactus updated its Q3 outlook in a new investor presentation, and the two segments are moving in opposite directions. Pressure Control revenue is expected to fall low double digits versus Q2 with margins compressing to 23-25%, while Spoolable Technologies revenue is guided up approximately 20% with margins of 39-41%. The divergence matters because Pressure Control is the larger segment at 77% of revenue, so the overall quarter will likely be softer than Q2. The company also disclosed roughly $110 million in Latin America orders and a first 10-inch regulated oil line award, which support the Spoolable growth story but do not offset the Pressure Control decline. This comes after a wave of insider selling by the CEO and President in recent weeks, including $7 million each on September 1 under 10b5-1 plans.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WHD was trading at $69.52 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $33.20 to $74.07. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.