Cactus (WHD) reported second-quarter 2026 revenue of $449.5 million, net income of $61.4 million and diluted earnings per Class A share of $0.70. Operating income was $83.6 million, while cash flow from operations was $104.6 million.
The company said it expects third-quarter consolidated revenue to be down slightly from the second quarter. Cactus also approved a 7% dividend increase to $0.15 per Class A share per quarter.
- Second-quarter revenue was $449.5 million, compared with $388.3 million in the first quarter and $273.6 million a year earlier.
- Net income was $61.4 million, with a net income margin of 13.7%.
- Pressure Control revenue increased 14.6% sequentially to $344.0 million.
- Spoolable Technologies revenue increased 17.4% sequentially to $105.5 million.
- Cash and cash equivalents totaled $365.8 million as of June 30, 2026, with no bank debt outstanding.
- The company received international purchase orders of more than $130 million after the quarter ended.
$WHD Insider Trading Activity
$WHD insiders have traded $WHD stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $WHD stock by insiders over the last 6 months:
- SCOTT BENDER (Chairman and CEO) has made 0 purchases and 3 sales selling 200,000 shares for an estimated $10,039,080.
- JOEL BENDER (President) has made 0 purchases and 3 sales selling 200,000 shares for an estimated $10,039,080.
- MICHAEL Y MCGOVERN sold 12,000 shares for an estimated $678,840
- ALAN SEMPLE sold 10,206 shares for an estimated $577,863
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WHD Hedge Fund Activity
We have seen 176 institutional investors add shares of $WHD stock to their portfolio, and 103 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 6,414,586 shares (-72.7%) from their portfolio in Q1 2026, for an estimated $303,858,938
- CAPITAL WORLD INVESTORS added 1,664,464 shares (+inf%) to their portfolio in Q1 2026, for an estimated $78,845,659
- JENNISON ASSOCIATES LLC added 1,146,766 shares (+202.3%) to their portfolio in Q1 2026, for an estimated $54,322,305
- WELLINGTON MANAGEMENT GROUP LLP removed 1,098,535 shares (-27.7%) from their portfolio in Q1 2026, for an estimated $52,037,602
- DEPRINCE RACE & ZOLLO INC added 884,418 shares (+inf%) to their portfolio in Q1 2026, for an estimated $41,894,880
- ENCOMPASS CAPITAL ADVISORS LLC added 765,514 shares (+inf%) to their portfolio in Q1 2026, for an estimated $36,262,398
- CLEARBRIDGE INVESTMENTS, LLC added 732,824 shares (+81.7%) to their portfolio in Q1 2026, for an estimated $34,713,872
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
