Cactus opened 2026 with a much larger footprint after its January 1 purchase of a 65% stake in Baker Hughes Pressure Control LLC, a deal that brought the former surface pressure control business into the company’s reporting base.
The company said the acquisition was completed through a subsidiary and that the newly added business is now part of Cactus International. That means 2026 comparisons will include a business that was not in the company’s results a year earlier.
The presentation also notes that Cactus had already expanded its reporting scope in 2023, when it acquired FlexSteel through the Highridge merger on February 28, 2023. Results before that date exclude Highridge and FlexSteel, while results after that date include the spoolable technologies segment.
For investors looking at the company’s operating figures, the key change since the last period is the addition of a much larger pressure control platform at the start of 2026, on top of the FlexSteel business that has been included since 2023. The market has reacted to these announcements by moving the company's shares -0.55% to a price of $59.76. For more information, read the company's full 8-K submission here.
