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  "slug": "cactus-inc",
  "name": "Cactus, Inc.",
  "updatedAt": "2026-10-02T13:26:25.246087Z",
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    {
      "type": "OVERVIEW",
      "text": "Cactus, Inc. is an oilfield equipment and services company serving drilling, completion, production, and pipeline markets. Its two core businesses are Pressure Control, which sells and rents wellhead and surface pressure-control equipment and provides related field services, and Spoolable Technologies, which supplies flexible spoolable pipe, fittings, rentals, and services. [P145225744][P145225746][P145225750] The company describes its mission in terms of customer service and operational excellence, while upholding safety, honesty, and professionalism. [https://cactuswhd.com/company/]\n\nCactus operates in the United States and internationally, including the Middle East and markets in Asia-Pacific; most of its revenue is generated in the U.S. and Middle East. [P145225737][P145225741][P145225747] For the three months ended June 30, 2026, it reported revenue of $449.5 million. [P145225525] It employed more than 1,500 people worldwide as of December 31, 2025. [P5419531]\n[P145225744][P145225746][P145225750][https://cactuswhd.com/company/][P145225737][P145225741][P145225747][T16608510][P5419531][https://cactuswhd.com/company/]",
      "updatedAt": "2026-10-02T13:26:25.246087Z"
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    {
      "type": "PRODUCTS",
      "text": "Cactus’s Pressure Control products include wellhead systems, production trees, frac valves and frac trees, gate valves, and wellhead-installation tools. Its SafeDrill wellhead systems are drill-through, single-piece, multi-bowl designs using a straight bore and lock-ring technology. Cactus also sells and rents pressure-control equipment and provides installation, maintenance, assembly, testing, repair and field support during drilling, fracturing and flowback operations. [P289456][P145225740][P30895619][https://cactuswhd.com/product/cactus-safedrill-wellhead-systems/][https://cactuswhd.com/product/completion-equipment/][https://cactuswhd.com/product/flow-control-products/][https://cactuswhd.com/service/branch-operations/]\n\nThrough its Spoolable Technologies business, Cactus offers FlexSteel spoolable pipe and end fittings for production, gathering and takeaway pipelines carrying oil, gas and other liquids, with related field installation services and rentals. FlexSteel’s standard MXL pipe sizes range from 2 to 10 inches, with operating-pressure ratings of 750–3,000 psi depending on size and configuration. The products follow API 15S and API 17J standards; the quality system is certified to API Q1 and ISO 9001:2015. [P34227374][P106029358][https://www.flexsteelpipe.com/pipe]\n\nIn the second quarter of 2026, products represented 78% of consolidated revenue, rentals 4%, and field service and other revenue 18%; for the first six months of 2026, the respective shares were 77%, 4% and 19%. [P145225652][T16608526]\n[P289456][P145225740][P30895619][P34227374][P106029358][P145225652][T16608526][https://cactuswhd.com/product/cactus-safedrill-wellhead-systems/][https://cactuswhd.com/product/completion-equipment/][https://cactuswhd.com/product/flow-control-products/][https://www.flexsteelpipe.com/pipe][https://cactuswhd.com/service/branch-operations/]",
      "updatedAt": "2026-10-02T13:26:25.246087Z"
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      "type": "GEOGRAPHY",
      "text": "Cactus’s Q2 2026 filing says most revenue is generated in the United States and the Middle East, with smaller contributions from Australia, Canada, and other international markets. The company reports operations in the United States, Saudi Arabia, the UAE, and China, with more limited operations in Australia and Canada, and sales in other international markets. [P145225651][P145225741] The filings reviewed do not provide revenue percentages by country or region.\n\nIts U.S. service centers are located in key producing regions. Manufacturing and production facilities named in the Q2 2026 filing are in Bossier City, Louisiana; Suzhou, China; Saudi Arabia; Abu Dhabi, UAE; and Hai Duong, Vietnam. Cactus International also operates plants in the UAE and Saudi Arabia. [P145225747][P145225828]\n\nThe 2025 annual-report property list includes U.S. sites in Baytown, Bossier City, Donora, DuBois, Hobbs, Houston, New Waverly, Odessa, Oklahoma City, Pleasanton, and Williston. Its listed international sites are in Queensland, Suzhou, and Hai Duong. Houston, Texas, is identified as the administrative headquarters in that property list; the Q2 2026 filing gives the principal executive office address as 920 Memorial City Way, Suite 300, Houston, Texas 77024. [T10053208][T16608504]\n[P145225651][P145225741][P145225747][P145225828][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T10053208][T16608504]",
      "updatedAt": "2026-10-02T13:26:25.246087Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Cactus reports two business segments. **Pressure Control** designs, manufactures, sells and rents wellhead and pressure-control equipment, and provides related installation, maintenance and handling services. Its activities serve onshore wells across drilling, completion and production; following the 2026 acquisition of Cactus International, the segment also includes a broader surface pressure-control offering for international oil-and-gas markets. [P289456][P145225744] In 2025, Pressure Control generated approximately 65.9% of consolidated revenue; in the first half of 2026, it generated approximately 76.7%. [T10468180][T16608533]\n\n**Spoolable Technologies** designs and sells spoolable pipe and end fittings, primarily for pipelines transporting oil, gas and other liquids, and provides installation services and related rentals. [P34227374] It contributed approximately 34.1% of 2025 revenue and 23.3% in the first half of 2026. [T10468180][T16608533] The 2026 mix includes the acquired international business in Pressure Control, so it is not directly comparable with 2025. [P145225744]\n\nCactus also disaggregates revenue by product, rental, and field service and other; these are revenue categories across the business, not additional reportable segments. In 2025, they accounted for approximately 76%, 8%, and 16% of revenue, respectively. [P75226150][P81885048]\n[P289456][P145225744][T10468180][T10468180][T16608533][T16608533][P34227374][P75226150][P81885048]",
      "updatedAt": "2026-10-02T13:26:25.246087Z"
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    {
      "type": "HISTORY",
      "text": "Cactus’s oilfield roots date to 1957, and founders Scott and Joel Bender had operated wellhead-manufacturing businesses before the company was established. Cactus began operating in August 2011 following the formation of Cactus Wellhead, LLC. [https://cactuswhd.com/company/][P5911311] Cactus, Inc. was incorporated in Delaware in February 2017 as a holding company in preparation for an initial public offering, which it completed in February 2018. [P9213880][P186283738]\n\nIn February 2023, Cactus completed its acquisition of FlexSteel through a merger with HighRidge Resources. [P119973163] Later that year, Scott Bender became Chairman while remaining CEO, and Joel Bender became President. [https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/whd-20230801.htm] Cactus agreed in June 2025 to acquire Baker Hughes’s surface pressure-control business; the transaction closed on January 1, 2026, with Cactus acquiring a 65% interest in the business. [P145225584][P145225561][P145225586][D350136]\n[P5911311][https://cactuswhd.com/company/][P9213880][P186283738][P119973163][https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/whd-20230801.htm][P145225584][P145225561][P145225586][D350136][https://cactuswhd.com/company/][https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/whd-20230801.htm]",
      "updatedAt": "2026-10-02T13:26:25.246087Z"
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