Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$5.8B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, providing equipment and services for the oil and gas industry....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.75

Revenue

Total revenue reflects the company's sales performance and demand for its services, which is vital for assessing growth.

$436M

Wall Street expectations, options signals, track record, and call prep available with Pro.

WHD Q2-2026 Earnings Preview

Context

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, providing equipment and services for the oil and gas industry. As a key player in oil and gas equipment, its performance is closely tied to energy market trends and demand for drilling and production services.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In Q1-2026, Cactus reported an EPS of $0.70, surpassing estimates by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report solid earnings, with a consensus EPS of $0.75 and revenue of $436M. The market is watching closely for any signs of growth in demand for oil and gas services.

Bull Case

If Cactus exceeds EPS expectations, it could indicate strong operational efficiency and increased demand, potentially driving the stock higher.

Bear Case

Conversely, if earnings fall short, it may signal weakening demand or rising costs, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$436M

Total revenue reflects the company's sales performance and demand for its services, which is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus achieve an EPS of $0.75 or higher?

This figure is crucial for assessing the company's profitability and could influence investor sentiment significantly.

What are the revenue figures and how do they compare to the consensus of $436M?

Revenue performance will provide insights into market demand and the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising oil prices on Cactus's revenue, which could lead to better-than-expected earnings.

Supporting Evidence

Cactus has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

The options market is pricing a significant move, indicating that traders expect volatility, which may reflect underlying bullish sentiment.

Key Risk

If oil prices remain stable or increase, it could drive higher demand for Cactus's services, contradicting current market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cactus can maintain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.80 or higher would confirm strong operational performance and demand.

Bear Confirmed If

An EPS below $0.62 would suggest significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with history indicating an average drop of 0.63% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on demand trends in the oil and gas sector.
2Updates on cost management strategies and their impact on profitability.
3Insights into future contracts or partnerships that may drive revenue.
4Management's outlook on the energy market and potential challenges ahead.
5Any guidance on capital expenditures or investments in new technology.

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Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, providing equipment and services for the oil and gas industry....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.75

Revenue

Total revenue reflects the company's sales performance and demand for its services, which is vital for assessing growth.

$436M

Wall Street expectations, options signals, track record, and call prep available with Pro.

WHD Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In Q1-2026, Cactus reported an EPS of $0.70, surpassing estimates by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report solid earnings, with a consensus EPS of $0.75 and revenue of $436M. The market is watching closely for any signs of growth in demand for oil and gas services.

Bull Case

If Cactus exceeds EPS expectations, it could indicate strong operational efficiency and increased demand, potentially driving the stock higher.

Bear Case

Conversely, if earnings fall short, it may signal weakening demand or rising costs, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$436M

Total revenue reflects the company's sales performance and demand for its services, which is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus achieve an EPS of $0.75 or higher?

This figure is crucial for assessing the company's profitability and could influence investor sentiment significantly.

What are the revenue figures and how do they compare to the consensus of $436M?

Revenue performance will provide insights into market demand and the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising oil prices on Cactus's revenue, which could lead to better-than-expected earnings.

Supporting Evidence

Cactus has a strong track record of beating EPS estimates, with a 75% success rate over the last eight quarters.

The options market is pricing a significant move, indicating that traders expect volatility, which may reflect underlying bullish sentiment.

Key Risk

If oil prices remain stable or increase, it could drive higher demand for Cactus's services, contradicting current market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cactus can maintain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.80 or higher would confirm strong operational performance and demand.

Bear Confirmed If

An EPS below $0.62 would suggest significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with history indicating an average drop of 0.63% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on demand trends in the oil and gas sector.
2Updates on cost management strategies and their impact on profitability.
3Insights into future contracts or partnerships that may drive revenue.
4Management's outlook on the energy market and potential challenges ahead.
5Any guidance on capital expenditures or investments in new technology.