Cactus, Inc. Updates Q1 Outlook, Citing Middle East Uncertainty and Lower Pressure Control Expectations
WHD sits 37% above its 52-week low of $33.2.
Summary
Cactus, Inc. updated its Q1 2026 outlook, projecting Pressure Control revenue between $295-$305 million with a 23%-25% Adjusted EBITDA margin, and flat Spoolable Technologies revenue with a 34%-36% Adjusted EBITDA margin, citing Middle East uncertainty.
Key Events · Earnings and Guidance · WHD
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Updated Q1 Pressure Control Guidance
Cactus, Inc. now expects Q1 2026 Pressure Control revenue (inclusive of Cactus International) to be between $295 million and $305 million, with an Adjusted EBITDA margin of 23% to 25%. This is biased towards the low end of prior guidance.
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Updated Q1 Spoolable Technologies Guidance
The company anticipates Q1 2026 Spoolable Technologies revenue to be flat compared to Q4 2025, with an expected Adjusted EBITDA margin of 34% to 36%.
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Corporate Adjusted EBITDA Loss Projected
Cactus, Inc. forecasts a Corporate and Other Adjusted EBITDA loss of approximately $5 million for the first quarter of 2026.
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Middle East Developments Impact Outlook
The revised Pressure Control outlook is attributed to Middle East developments, with the company noting that impacts to the Q1 outlook remain highly uncertain due to ongoing events in the region.
Analysis · WHD · Energy & Transportation
Cactus, Inc. has updated its first-quarter 2026 financial outlook, indicating a downward bias for its Pressure Control segment due to ongoing developments in the Middle East. This revision introduces uncertainty regarding the segment's performance. While Spoolable Technologies revenue is expected to remain flat, the overall updated guidance provides investors with a clearer, albeit more cautious, near-term financial picture, particularly concerning international operations following the recent Baker Hughes acquisition.
At the time of this filing, WHD was trading at $45.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $33.20 to $59.25. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.