Cactus Q2 Revenue Surges 64% to $449.5M, Crushes Estimates; Raises Dividend 7%
WHD sits 58% above its 52-week low of $33.2.
Summary
Cactus crushed Q2 estimates with $449.5M in revenue and $132.8M in adjusted EBITDA, raised its dividend, and guided for continued momentum in its Spoolable Technologies segment.
Key Events · Earnings and Guidance · WHD
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Q2 Revenue Beats by 12.5%
Revenue of $449.5 million exceeded consensus by over $50 million, driven by strong Spoolable Technologies shipments and Middle East Pressure Control activity.
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Adjusted EBITDA Hits $132.8M
Adjusted EBITDA margin expanded to 29.5%, with both segments showing sequential margin improvement; net income was $61.4 million, or $0.70 per diluted share.
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Dividend Increased 7%
Board approved a quarterly dividend of $0.15 per Class A share, up from $0.14, payable September 11 to holders of record August 31.
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Q3 Guidance: Mixed Segment Outlook
Consolidated revenue expected down slightly sequentially; Pressure Control down 10% on tough comps, but Spoolable Technologies up 15-20% on strong domestic and international demand.
Analysis · WHD · Energy & Transportation
A standout quarter saw revenue jump 64% year-over-year to $449.5 million, beating consensus by over $50 million. Adjusted EBITDA reached $132.8 million at a 29.5% margin, and the dividend was raised 7% to $0.15 per share. The balance sheet remains pristine—$365.8 million in cash with no bank debt—while management guided for continued strength in Spoolable Technologies, offsetting a sequential dip in Pressure Control. The board also added international expertise with the appointment of Joseph Elkhoury. This report confirms the acquisition-driven growth story is delivering ahead of schedule.
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In the 30 days to Sep 14, 2026, 35.8% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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 $52.32 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $33.20 to $64.30. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.