WHD — what changed in the latest 10-Q
A section-by-section comparison of WHD's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −8 | ~23 | 25 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −9 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
Average WTI and Brent oil prices decreased approximately 9% and 6%, respectively, in the third quarter of 2026 compared to the second quarter of 2026, as the signing of a Memorandum of Understanding between the U.S. and Iran in mid-June led to a period of reduced commodity prices. The expiration of …
In the third quarter of 2026, average U.S. land drilling activity levels were up 7% compared to the second quarter of 2026, as private operators responded to higher commodity prices. U.S. land drilling activity levels for the nine months ending September 30, 2026, are relatively in line with levels …
Over the course of 2025 and 2026, the Trump administration implemented and announced a number of new tariffs, including new Section 232 tariffs of 50% on imports of steel and certain products made from steel from most countries outside of the U.S. Threats and actual implementation of tariffs continu…
Geopolitical conditions in the Middle East continue to disrupt global oil supplies, maintaining upward pressure on energy prices and contributing to volatility in international markets. Our operations in the region have been adversely impacted, and we continue to prioritize the safety of personnel i…
Pressure Control. Pressure Control revenue for the third quarter of 2026 was $304.8 million, a decrease of $39.2 million, or 11.4%, from the second quarter of 2026 primarily due to lower shipments to customers in the Middle East, which more than offset domestic revenue gains. Pressure Control operat…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
Average WTI and Brent oil prices increased approximately 31% and 27%, respectively, in the second quarter of 2026 compared to the first quarter of 2026, as the war in Iran and associated supply disruption led to elevated commodity prices. Oil
price levels have been highly volatile as geopolitical tensions remain high in the Middle East, and the ability to export of oil through the Strait of Hormuz and the Red Sea remain uncertain. Average natural gas prices decreased approximately 37% in the second quarter of 2026 compared to the first q…
In the second quarter of 2026, average U.S. land drilling activity levels were up 2% compared to the first quarter of 2026, as our customers generally continued stable drilling programs despite stronger commodity prices, reflecting E&P capital discipline. International land drilling levels decreased…
Over the course of 2025 and 2026, the Trump administration implemented and announced a number of new tariffs, including new Section 232 tariffs of 50% on imports of steel and certain products made from steel from most countries outside of the U.S. Threats and actual implementation of tariffs continu…
The ongoing war involving the United State, Isreal, and Iran continues to disrupt global oil supplies, maintaining upward pressure on energy prices and contributing to volatility in international markets Our operations in the region have been adversely impacted, and we continue to prioritize the saf…
Other information
Text removed vs the prior filing · source: 10-Q · 2026-07-31
On July 24, 2026, Cactus Companies and Cactus UAE entered into the Facilities Agreement with Commercial Bank of Dubai PSC, as lender, Cactus UAE as borrower, and Cactus Companies as guarantor. See Footnote 16 in Item1. Financial Statements for further information regarding the Facilities Agreement.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The board of directors (“Board”) of Cactus, Inc. (the “Company”) approved an increase in the number of directors on the Board from eight to nine and appointed Joseph Elkhoury to fill the newly created vacancy resulting from the increase in the number of directors, effective as of August 1, 2026. Mr.…
In connection with his appointment, the Board reviewed the independence of Mr. Elkhoury using the independence standards of the New York Stock Exchange (“NYSE”) and the Securities and Exchange Commission and, based on this review, determined that Mr. Elkhoury is independent within the meaning of the…
Joseph Elkhoury—Director Candidate. Mr. Elkhoury served as the Chief Executive Officer of KCA Deutag from July 1, 2019 until January 16, 2025. Prior to that time, Mr. Elkhoury was an Operating Partner, focusing on investment opportunities in the energy technology sector at Apollo Global Management, …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice