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Cactus, Inc. (symbol: WHD) is a prominent player in the oil and gas industry, specializing in the design, manufacture, and sale of surface wellheads and pressure control equipment. The company's core business revolves around its innovative products, including the Cactus SafeDrill wellhead systems, conventional wellheads, and production valves. These products are essential for the drilling, completion, and production of onshore unconventional oil and gas wells.
Cactus, Inc. maintains a robust inventory of frac trees and ancillary equipment for short-term rental. This allows them to meet the dynamic needs of their clients swiftly. They also offer comprehensive repair and refurbishment services, ensuring that their equipment remains in optimal condition throughout its lifecycle.
One of the key strengths of Cactus, Inc. lies in its mission-critical field services. The company provides highly skilled service crews to assist in the installation, maintenance, and safe handling of wellhead and pressure control equipment. This not only ensures the smooth operation of their products but also reinforces their commitment to safety and professionalism.
Operating through two main segments, Pressure Control and Spoolable Technologies, Cactus, Inc. generates significant revenue from its Pressure Control segment. This segment focuses on providing top-notch wellhead systems and pressure control equipment, which are vital for the oil and gas industry's operational efficiency.
Guided by a mission statement that emphasizes customer service and operational excellence, Cactus, Inc. aims to consistently outperform its peers. The company believes that unwavering commitment to safety, honesty, and professionalism will foster customer loyalty and maximize owner value.
Cactus, Inc. (NYSE: WHD) announced that it will release its first quarter 2023 earnings before market open on May 9, 2023. A conference call to discuss the financial and operational results is scheduled for the same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). Interested parties can access the call via a webcast on Cactus’ website, starting 10 minutes prior to the call for a seamless connection. An archived version will be available post-call.
Cactus specializes in the design, manufacture, and rental of essential equipment for oil and gas operations, servicing primarily onshore unconventional wells. The company operates service centers throughout North America and Australia, providing comprehensive support for customers' needs.
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