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 · 2026-07-31 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +26 | −22 | ~13 | 17 |
| 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 | +9 | −1 | ~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 · 2026-07-31
On January 1, 2026, Cactus completed the acquisition of Cactus International, a global provider of wellhead and pressure control equipment and services with operations across key international oil and gas markets. The acquisition significantly expands the Company's geographic footprint, diversifies …
The Pressure Control segment designs, manufactures, sells and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand and, following the acquisition of Cactus International on January 1, 2026, includes a broader portfolio of surface pressure control products and serv…
sold and rented principally for onshore conventional and unconventional oil and gas wells and are utilized during the drilling, completion and production phases of our customers' wells. In addition, we provide field services for our products and rental equipment to assist with the installation, main…
We operate through service centers in the United States that are strategically located in key oil and gas producing regions. These service centers support our field services and provide equipment assembly and repair services. Through our legacy operations and Cactus International, we also maintain s…
Demand for our Pressure Control product sales is driven primarily by the number of new wells drilled, as each new well requires a wellhead and, following the completion phase, a production tree. Demand for our rental equipment is driven primarily by well completions, as we rent frac trees to oil and…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
The Pressure Control segment designs, manufactures, sells and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand. Products are sold and rented principally for onshore conventional and unconventional oil and gas wells, and are utilized during the drilling, comple…
We operate through service centers in the United States, which are strategically located in the key oil and gas producing regions. These service centers support our field services and provide equipment assembly and repair services. We also provide rental and service operations in the Kingdom of Saud…
Demand for our product sales in the Pressure Control segment is driven primarily by the number of new wells drilled, as each new well requires a wellhead and, after the completion phase, a production tree. Demand for our rental items is driven primarily by well completions as we rent frac trees to o…
Average WTI oil prices increased approximately 22% in the first quarter of 2026, as the outbreak of the conflict in Iran and associated supply disruption drove rapid price increases in March. WTI began the year on January 2 at $57.21 and closed March 31 at $102.86, an increase of approximately 80%. …
In the first quarter of 2026, average U.S. land drilling activity levels were relatively flat compared to the fourth quarter of 2025, as customers generally continued stable drilling programs despite elevated commodity prices reflecting E&P capital discipline. International land drilling levels incr…
Other information
Text added 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, …
Text removed vs the prior filing · source: 10-Q · 2026-05-08
On March 11, 2026, Bender Investment Company, which is controlled by Scott Bender, our Chairman, Chief Executive Officer and Director, and Joel Bender, our President and Director, adopted a Rule 10b5-1 trading arrangement for the sale of up to 1,200,000 shares of our Class A Common Stock, subject to…
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