{"schema_version":"secwatch.filing_event.v1","accession":"0001699136-23-000064","form_type":"8-K","ticker":"WHD","cik":"0001699136","company_name":"Cactus, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.097320+00:00","generated_at":"2026-06-15T09:27:32.149381+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cactus Q1 2023 revenue $228.4M, net income $52.3M; closed FlexSteel acquisition","bullets":["Revenue $228.4M, net income $52.3M, diluted EPS $0.63.","Adjusted EBITDA $79.4M (34.8% margin); adjusted net income $50.7M ($0.64 diluted EPS).","Closed acquisition of HighRidge Resources (FlexSteel) on Feb 28, 2023; includes one month of FlexSteel results.","Cash flow from operations $60.5M; paid down $60M Term Loan debt subsequent to quarter end.","Underwritten offering of Class A common stock in Jan 2023 for net proceeds $165.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001699136-23-000064","json":"https://secwatch.observer/filing/0001699136-23-000064.json","markdown":"https://secwatch.observer/filing/0001699136-23-000064.md","text":"https://secwatch.observer/filing/0001699136-23-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000064/0001699136-23-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000064/whd-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:27:32.149381+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20dc0432774374c6102bdccadaef22e6734a52b3","claim":"Cactus, Inc. reported first quarter ended March 31, 2023 results: revenue $228.4 million, net income $52.3 million, EPS $0.63.","evidence_excerpt":"results for the first quarter of 2023. First Quarter Highlights • Closed the acquisition of HighRidge Resources, Inc. (“FlexSteel”) on February 28, 2023 (1) ; • Revenue of $228.4 million and operating income of $49.7 million; • Net income of $52.3 million and diluted earnings per Class A share of $0.63; • Adjusted net income (2) of $50.7 million and diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000064/0001699136-23-000064-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$228.4 million"},{"label":"Net income","value":"$52.3 million"},{"label":"EPS","value":"$0.63"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}