Pivotal Point Tracking Cactus (WHD): Supplier of the Oil and Gas Industry Surpasses Expectations with Strong Equipment Business

Cactus Inc. develops, manufactures, and maintains specialized wellhead and pressure control systems for onshore oil and gas production. On July 29, after the US market closed, the company reported strong figures for the second quarter. Revenue rose to $290.1 million, while earnings per share of $0.84 significantly exceeded analyst expectations. With solid cash flows and a disciplined cost structure, Cactus secures a leading market position in the US shale oil regions. Its customers include renowned exploration and production companies that rely...