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Third quarter revenue of $1,143 million increased 3% sequentiallyThird quarter operating income of $153 million increased 43% sequentiallyThird quarter net income of $120 million increased 208% sequentially; net income margin of 10.5%Third quarter adjusted EBITDA* of $254 million increased 14% sequentially; adjusted EBITDA margin* of 22.2% increased 204 basis points sequentiallyThird quarter cash provided by operating activities of $192 million and adjusted free cash flow* of $155 millionShareholder return of $47 million for the quarter, which included dividend payments of $19 million and share repurchases of $28 millionCompleted the acquisition of NCS Multistage Holdings, Inc. (“NCS Multistage”) in a stock-and-cash transaction, strengthening Weatherford’s completions portfolio and expanding capabilities in reservoir diagnostics and well performance solutionsSecured shareholder approval for the redomestication to Delaware, a strategic initiative expected to generate approximately $20 million to $30 million of annual cash savings beginning in 2027, subject to previously disclosed regulatory and court approvalsSubsequent to quarter end, issued notice to redeem all of 8.625% Senior Notes due 2030 in an aggregate principal amount of $236 million, further improving gross leverage* and enhancing future adjusted free cash flow conversion*Equinor awarded Weatherford a two-year extension and a new offshore completions award, across several strategic frame agreements to provide its integrated completions portfolio for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

HOUSTON, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the third quarter of 2026.

Revenues for the third quarter of 2026 were $1,143 million, an increase of 3% sequentially and a decrease of 7% year-over-year. Operating income in the third quarter of 2026 was $153 million, an increase of 43% sequentially and a decrease of 14% year-over-year. Net income in the third quarter of 2026 was $120 million, with a 10.5% margin, an increase of 208%, or 697 basis points, sequentially, and an increase of 48%, or 392 basis points, year-over-year. Adjusted EBITDA* was $254 million, with a 22.2% margin*, an increase of 14% or 204 basis points, sequentially, and a decrease of 6% but an expansion of 39 basis points, year-over-year. Basic income per share in the third quarter of 2026 was $1.66, an increase of 200% sequentially and an increase of 47% year-over-year. Diluted income per share in the third quarter of 2026 was $1.66, an increase of 199% sequentially and an increase of 48% year-over-year.

Third quarter 2026 cash flows provided by operating activities were $192 million, an increase of 10% sequentially and an increase of 39% year-over-year. Adjusted free cash flow* was $155 million, an increase of 12% sequentially and an increase of 57% year-over-year. Capital expenditures were $45 million in the third quarter of 2026, an increase of 7% sequentially and an increase of 2% year-over-year.

Girish Saligram, President and Chief Executive Officer, commented, “The One Weatherford team delivered an excellent third quarter, with adjusted EBITDA margin* expanding 204 basis points sequentially to 22.2% and adjusted free cash flow* of $155 million. Even as conflict-related operational disruptions in the Middle East weighed on activity levels, the strength of our diversified portfolio, disciplined cost management, and outstanding execution across the organization drove margin expansion and strong cash generation. These results demonstrate the durability of our operating model, agility to pivot in any phase of the cycle and the earnings potential of the business as activity recovers.

We also made significant progress on our strategic priorities during the quarter. The closing of the NCS Multistage acquisition strengthens our completions portfolio, broadens our technology capabilities, and positions us to realize meaningful cost and commercial synergies. We further enhanced our capital structure by issuing a notice to redeem the remaining $236 million principal amount of our 2030 Senior Notes, reducing future interest expense. Shareholders approved our proposed redomestication to Delaware, an important step toward a simpler, more efficient corporate structure and improved free cash flow generation. Finally, our Enterprise Resource Planning (“ERP”) transformation remains on track, with our first major application launching very smoothly in the third quarter, enabling greater process standardization, simplification, operational efficiency and scalability across the enterprise.

We enter the final quarter of the year with strong momentum to springboard into 2027. While the recent events in the Middle East have dampened expectations of a quick recovery, we still see a meaningful ramp in adjusted EBITDA* in the fourth quarter and are increasing our full year adjusted free cash flow* guidance yet again. We see significant market opportunities for growth heading into 2027 and are very well positioned to capitalize on those.”

*Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

Operational & Commercial Highlights

Equinor awarded Weatherford a two-year extension and a new offshore completions award, across several strategic frame agreements to provide its integrated completions portfolio for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf.A major operator awarded Weatherford a 46-unit contract for the supply of Progressive Cavity Pumping systems, a hallmark of our Artificial Lift capability, to support well completions in Venezuela.Eldorado Drilling (formerly known as Vantage Drilling) awarded Weatherford a contract to supply a comprehensive Managed Pressure Drilling (“MPD”) equipment package for a 7th-generation ultra-deepwater drillship for a deepwater drilling campaign offshore Indonesia in water depths of approximately 1,700 meters.A major operator awarded Weatherford a four-year contract to provide Tubular Running Services (“TRS”) and Intervention Services & Drilling Tools (“ISDT”), expanding our support across offshore exploration, development and decommissioning activities in Australia.A National Oil Company (“NOC”) in South-East Asia awarded Weatherford a three-year deepwater liner hanger contract for conventional and expandable liner systems.Seplat Energy awarded Weatherford a five-year contract to provide Completions Products and Services, including Gas Lift Solutions, for its shallow offshore operations in Nigeria.Brunei Shell Petroleum awarded Weatherford a five-year contract extension for Thru-Tubing Services which covers the delivery of Weatherford’s thru-tubing portfolio across onshore and offshore wells in Brunei, reinforcing a long-standing partnership focused on safe, reliable and efficient well intervention solutions.A major operator awarded Weatherford a 30-month contract to provide MPD services in Argentina.Joint Operations (Saudi Arabian Chevron Inc. - Kuwait Gulf Oil Company) awarded Weatherford a four-year contract for Foresite® and Cygnet® software.Kuwait Oil Company awarded Weatherford a five-year contract to provide Directional Drilling, Measurement While Drilling and Logging While Drilling services.A major drilling contractor awarded Weatherford a one-year contract to provide integrated services for offshore operations in Mexico. Technology Highlights

Drilling & Evaluation (“DRE”) In Thailand, Weatherford deployed its Magnus Saker™ drilling system across six high-temperature well sections, achieving 100% geological target success through single-run shoe-to-shoe operation. The campaign eliminated an additional drilling assembly trip, saved over 100 operational hours, equivalent to over five rig days, and delivered significant customer savings while exceeding the operator’s drilling performance target.In the United Kingdom (“UK”), Weatherford completed the first deployment of its Dual Advanced Kickover Tool technology to replace multiple gas-lift valves in a highly deviated offshore well. The solution completed the work in two intervention runs rather than the four typically required, reducing intervention runs by half, saving rig time and reducing personnel exposure at the wellsite.
Well Construction and Completions (“WCC”)
With our acquisition of NCS Multistage, we now bring into our portfolio a differentiated completions technology platform that has surpassed 500,000 frac stages completed since 2009. During the quarter, we secured a Deepwater Gulf of America award for its frac sleeves and service tools following four years of collaborative development with a major international operator. The award expands our footprint into the offshore market, creates a platform for future growth, and highlights the potential to leverage these technologies across a broader range of completion applications.In Saudi Arabia, Weatherford deployed a three-stage DV (“Differential Valve”) Tool for the cementing of a 9-5/8” casing string for Aramco. An open hole annulus casing packer enabled isolation, allowing higher-density fluids in subsequent stages, while staged tools restored internal gas tight integrity, and a V0-rated packer secured the casing-to-casing annulus, supporting an optimized cement program and long-term well integrity.In Malaysia, Weatherford completed the first Mature Asset Rejuvenation by Surveillance System (“MARS”) deployment of its kind in Asia for Petronas to evaluate a gas-lift well where a restricted internal diameter prevented the use of conventional tools. The technology completed a full diagnostic survey and accurately identified the leak location, enabling multi-point gas-lift injection diagnosis while avoiding alternative intervention methods. Production and Intervention (“PRI”) In the U.S., Weatherford completed the first commercial installation of its ForeSite® Power Regenerative System retrofit on an existing rod-lift well. The system captures and reuses energy generated during each pumping cycle, delivering over 50% in energy savings while lowering operating costs and emissions without requiring replacement of the installed drive.In Colombia, Weatherford completed the world’s first deployment of its SandSure™ XT sand consolidation technology to control sand production without conventional downhole screens. The solution consolidated the sand in place, reducing intervention requirements and lifecycle costs while preserving production performance and improving long-term well reliability. Corporate Treasury

Debt repayment: On October 20, 2026, Weatherford issued a notice to redeem all of its 8.625% Senior Notes due 2030 (the “2030 Senior Notes”) in an aggregate principal amount of $236 million. The 2030 Senior Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest to and including the redemption date of October 30, 2026. The redemption is expected to be funded using cash on hand and is expected to reduce annualized cash interest expense by approximately $20 million. This disclosure does not constitute a notice of redemption with respect to the 2030 Senior Notes.

Credit Ratings: During the third quarter of 2026, Fitch Ratings and S&P Global Ratings revised their outlook on Weatherford to ‘Positive Outlook’ from ‘Stable Outlook’ and affirmed the Company’s ‘BB’ credit rating. Moody’s affirmed its ‘Ba2’ rating with a ‘Positive Outlook’. Despite the challenging conditions in the Middle East, these actions recognize Weatherford’s continued improvement in credit profile, supported by a stronger balance sheet, enhanced financial flexibility, and prudent capital allocation.

Shareholder Return

During the third quarter of 2026, Weatherford paid dividends of $19 million and repurchased shares for $28 million, resulting in a total shareholder return of $47 million. During the nine months ended September 30, 2026, Weatherford paid dividends of $59 million and repurchased shares for approximately $54 million, resulting in a total shareholder return of $113 million.

On October 15, 2026, our Board declared a cash dividend of $0.275 per share of the Company’s ordinary shares. The dividend is payable on December 3, 2026, to shareholders of record as of November 6, 2026.

Other Events

The shareholders of Weatherford approved all proposals required to effect the Company’s updated plan of redomestication from Ireland to Delaware, including approval at both the Scheme Meeting and Extraordinary General Meeting. The redomestication remains subject to previously disclosed closing conditions, including sanction by the Irish High Court. Subject to satisfaction of those conditions, the Company expects the transition to become effective during the fourth quarter of 2026. The redomestication shareholder vote marks a significant milestone in Weatherford’s continued transformation and advances the Company’s plan to establish a corporate structure better aligned with its global operations, long-term strategy, and shareholder base. This transaction is expected to generate $20 million to $30 million in annual cash savings beginning in 2027, which we believe is an important contributor to continued improvement in adjusted free cash flow conversion.

Results by Reportable Segment

Drilling and Evaluation (“DRE”)

  Three Months Ended Variance($ in Millions) Sep 30,
2026 Jun 30,
2026 Sep 30,
2025 Seq. YoYRevenue $331   $291   $346   14 % (4)%Segment Adjusted EBITDA $90   $58   $83   55 % 8 %Segment Adj EBITDA Margin  27.2 %  19.9 %  24.0 % 726 bps 320 bps
Third quarter 2026 DRE revenue of $331 million increased by $40 million, or 14% sequentially, primarily from higher MPD and Drilling Services activity in Latin America and higher MPD and Wireline activity in the Middle East/North Africa/Asia, partly offset by lower MPD activity in Europe/Sub-Sahara Africa/Russia. Year-over-year DRE revenue decreased by $15 million, or 4%, primarily from lower Wireline and Drilling-related Services activity, partly offset by higher MPD activity in Latin America.

Third quarter 2026 DRE segment adjusted EBITDA of $90 million increased by $32 million, or 55% sequentially, primarily from higher MPD and Drilling Services activity and strong fall through in the Middle East/North Africa/Asia and Latin America, partly offset by lower fall through in North America. Year-over-year DRE segment adjusted EBITDA increased by $7 million, or 8%, primarily from higher fall through in the Middle East/North Africa/Asia and Europe/Sub-Sahara Africa/Russia, partly offset by lower activity and fall through in North America.

Well Construction and Completions (“WCC”)

  Three Months Ended Variance
($ in Millions) Sep 30,
2026 Jun 30,
2026 Sep 30,
2025 Seq. YoY
Revenue $450   $433   $468   4 % (4)%Segment Adjusted EBITDA $100   $107   $125   (7)% (20)%Segment Adj EBITDA Margin  22.2 %  24.7 %  26.7 % (249)bps (449)bps
Third quarter 2026 WCC revenue of $450 million increased by $17 million, or 4% sequentially, primarily from higher Completions activity in North America and higher Liner Hangers activity in the Middle East/North Africa/Asia, partly offset by lower Completions activity in Latin America. Year-over-year, WCC revenues decreased by $18 million, or 4%, primarily from lower activity in Middle East/North Africa/Asia, partly offset by higher Completions activity in North America and Latin America.

Third quarter 2026 WCC segment adjusted EBITDA of $100 million decreased by $7 million, or 7% sequentially, primarily from lower fall through in North America and lower activity in Europe/Sub-Sahara Africa/Russia, partly offset by higher TRS and Completions activity and fall through in the Middle East/North Africa/Asia. Year-over-year WCC segment adjusted EBITDA decreased by $25 million, or 20%, primarily from lower fall through in North America, partly offset by higher Completions and Cementation Products activity and fall through in Latin America.

Production and Intervention (“PRI”)

  Three Months Ended Variance($ in Millions) Sep 30,
2026 Jun 30,
2026 Sep 30,
2025 Seq. YoYRevenue $314   $316   $326   (1)% (4)%Segment Adjusted EBITDA $73   $70   $59   4 % 24 %Segment Adj EBITDA Margin  23.2 %  22.2 %  18.1 % 110 bps 515 bps
Third quarter 2026 PRI revenue of $314 million decreased by $2 million, or 1% sequentially, primarily from lower international Pressure Pumping activity, partly offset by higher Artificial Lift and Subsea Intervention activity in Latin America. Year-over-year PRI revenue decreased by $12 million, or 4%, primarily from lower ISDT and Artificial Lift activity in North America and lower Pressure Pumping and ISDT activity in Latin America, partly offset by higher ISDT and Pressure Pumping activity in Europe/Sub-Sahara Africa/Russia.

Third quarter 2026 PRI segment adjusted EBITDA of $73 million increased by $3 million, or 4%, sequentially, primarily from higher international Pressure Pumping fall through and higher ISDT and Digital Solutions activity and fall through in the Middle East/North Africa/Asia, partly offset by lower fall through in North America. Year-over-year PRI segment adjusted EBITDA increased by $14 million, or 24% primarily from higher activity and fall through in Europe/Sub-Sahara Africa/Russia, and higher fall through in the Middle East/North Africa/Asia, partly offset by lower ISDT and Pressure Pumping activity in Latin America.

Revenue by Geography

  Three Months Ended
 Variance($ in Millions) Sep 30,
2026
 Jun 30,
2026
 Sep 30,
2025
 Seq. YoYNorth America $236  $205  $243  15% (3)%              International $907  $900  $989  1% (8)%Latin America  225   197   214  14% 5%Middle East/North Africa/Asia  447   446   533  —% (16)%Europe/Sub-Sahara Africa/Russia  235   257   242  (9)% (3)%Total Revenue $1,143  $1,105  $1,232  3% (7)%
North America

Third quarter 2026 North America revenue of $236 million increased by $31 million, or 15%, sequentially, primarily from higher activity across all reported segments, especially Completions activity in U.S. Land and Canada Land, partly offset by lower Completions activity in U.S. offshore. Year-over-year, North America revenue decreased by $7 million, or 3%, primarily from lower activity in ISDT and Artificial Lift product lines, especially in U.S. Land, partly offset by higher Completions activity.

International

Third quarter 2026 international revenue of $907 million increased by $7 million, or 1% sequentially and decreased by $82 million, or 8% year-over-year.

Third quarter 2026 Latin America revenue of $225 million increased by $28 million, or 14% sequentially, primarily from higher Drilling-related Services and Integrated Services & Projects (“ISP”) activity in Mexico and higher MPD activity in the Caribbean, partly offset by lower Completions and Pressure Pumping activity. Year-over-year, Latin America revenue increased by $11 million, or 5%, primarily from higher MPD activity in the Caribbean and higher Completions activity, partly offset by lower Drilling-related Services activity in Argentina and Mexico.

Third quarter 2026 Middle East/North Africa/Asia revenue of $447 million was largely flat sequentially, as lower ISP activity was partly offset by higher MPD and Liner Hangers activity. Year-over-year, the Middle East/North Africa/Asia revenue decreased by $86 million, or 16%, primarily from subdued activity on account of heightened geopolitical tensions partly offset by higher Cementation Products activity.

Third quarter 2026 Europe/Sub-Sahara Africa/Russia revenue of $235 million decreased by $22 million, or 9% sequentially, primarily from lower activity across the reported segments, partly offset by higher Wireline activity in Europe. Year-over-year, Europe/Sub-Sahara Africa/Russia revenue decreased by $7 million, or 3%, primarily from lower Wireline and Liner Hangers activity, partly offset by higher activity in the PRI segment.

About Weatherford

Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

Conference Call Details

Weatherford will host a conference call on Wednesday, October 21, 2026, to discuss the Company’s results for the third quarter ended September 30, 2026. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Listeners are encouraged to download the accompanying presentation slides which will be available in the investor relations section of the Company’s website.

Listeners can participate in the conference call via a live webcast at https://www.weatherford.com/investor-relations/investor-news-and-events/events/ or by dialing +1 877-328-5344 (within the U.S.) or +1 412-902-6762 (outside of the U.S.) and asking for the Weatherford conference call. Participants should log in or dial in approximately 10 minutes prior to the start of the call.

A telephonic replay of the conference call will be available until November 4, 2026, at 5:00 p.m. Eastern Time. To access the replay, please dial +1 855-669-9658 (within the U.S.) or +1 412-317-0088 (outside of the U.S.) and reference conference number 2939769. A replay and transcript of the earnings call will also be available in the investor relations section of the Company’s website.

Contacts

For Investors:
Luke Lemoine
Senior Vice President, Corporate Development & Investor Relations
+1 713-836-7777
[email protected]

For Media:
Kelley Hughes
Vice President, Communications, Marketing & Sustainability
[email protected]

Forward-Looking Statements

This news release contains projections and forward-looking statements concerning, among other things, the Company’s adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, shareholder return program, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that forward-looking statements are only estimates and may differ materially from actual future events or results, based on factors including but not limited to: global political, economic and market conditions, political disturbances, war or other global conflicts, terrorist attacks, public health issues such as pandemics, changes in global trade policies, tariffs and sanctions, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; various effects from the Russia Ukraine conflict, conflicts in the Middle East (including the Iran conflict) or instability in Latin America, including, but not limited to, nationalization of assets, extended business interruptions, sanctions, treaties and regulations (including changes in the regulatory environment) imposed by various countries, associated operational and logistical challenges, and impacts to the overall global energy supply; cybersecurity issues; our ability to comply with, and respond to, climate change, environmental, social and governance and other sustainability initiatives and future legislative and regulatory measures both globally and in specific geographic regions; the price and price volatility of, and demand for, oil and natural gas; the macroeconomic outlook for the oil and gas industry; our ability to generate cash flow from operations to fund our operations; our ability to effectively and timely adapt our technology portfolio, products and services to remain competitive, and to address and participate in changes to the market demands, including for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts and our incorporation of artificial intelligence tools; increases in the prices and lead times, and the lack of availability of our procured products and services, including due to macroeconomic and geopolitical conditions such as tariffs and changes in trade policies; our ability to timely collect from customers; our ability to manage our workforce and systems, including the impact of our enterprise resource planning system implementation and business enhancements; our ability to effectively execute our capital allocation framework; our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases; the realization of additional cost savings and operational efficiencies, including as a result of our proposed Redomestication from Ireland to Delaware; our ability to receive, in a timely manner and on satisfactory terms, required court approval and to satisfy the other conditions to the proposed Redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the proposed Redomestication; the occurrence of difficulties in connection with the Redomestication, including any costs related thereto; the risk that the proposed Redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the proposed Redomestication; the future financial performance of Weatherford following the Redomestication; our ability to successfully integrate NCS Multistage and to achieve the anticipated benefits and synergies of the acquisition within the expected time period or at all.

These risks and uncertainties are more fully described in Weatherford’s reports and registration statements filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

*Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

Weatherford International plcSelected Statements of Operations (Unaudited)             Three Months Ended Nine Months Ended($ in Millions, Except Per Share Amounts) September
30, 2026 June
30, 2026 September
30, 2025 September
30, 2026 September
30, 2025Revenues:          DRE Revenues $331  $291  $346  $943  $1,031 WCC Revenues  450   433   468   1,326   1,365 PRI Revenues  314   316   326   926   987 All Other  48   65   92   205   246 Total Revenues  1,143   1,105   1,232   3,400   3,629            Operating Income:          DRE Segment Adjusted EBITDA[1] $90  $58  $83  $220  $226 WCC Segment Adjusted EBITDA[1]  100   107   125   317   371 PRI Segment Adjusted EBITDA[1]  73   70   59   197   184 All Other[2]  10   6   14   29   37 Corporate[2]  (19)  (18)  (12)  (53)  (42)Depreciation and Amortization  (70)  (71)  (67)  (211)  (193)Share-based Compensation  (15)  (11)  (10)  (38)  (26)Gain on Sale of Business  —   —   —   —   70 Restructuring Charges  (6)  (9)  (11)  (28)  (51)Redomestication  (6)  (12)  —   (30)  — Other Charges, Net  (4)  (13)  (3)  (20)  (19)Operating Income  153   107   178   383   557            Other Expense:          Interest Expense, Net of Interest Income of $13, $11, $11, $34, and $36  (15)  (16)  (23)  (48)  (70)Other Expense, Net  (9)  (16)  (16)  (26)  (61)Income Before Income Taxes  129   75   139   309   426 Income Tax Provision  (4)  (33)  (52)  (33)  (108)Net Income  125   42   87   276   318 Net Income Attributable to Noncontrolling Interests  5   3   6   9   25 Net Income Attributable to Weatherford $120  $39  $81  $267  $293            Basic Income Per Share $1.66  $0.55  $1.13  $3.71  $4.04 Basic Weighted Average Shares Outstanding  71.9   71.9   71.9   71.9   72.4            Diluted Income Per Share $1.66  $0.55  $1.12  $3.70  $4.02 Diluted Weighted Average Shares Outstanding  72.2   72.2   72.2   72.2   72.7 
[1] Segment adjusted EBITDA is our primary measure of segment profitability under U.S. GAAP ASC 280 “Segment Reporting” and represents segment earnings before interest, taxes, depreciation, amortization, share-based compensation, restructuring charges and other adjustments. Research and development expenses are included in segment adjusted EBITDA.
[2] All Other includes results from non-core business activities (including integrated services and projects), and Corporate includes overhead support and centrally managed or shared facilities costs. All Other and Corporate do not individually meet the criteria for segment reporting. Weatherford International plc
Selected Balance Sheet Data (Unaudited)
       ($ in Millions) September 30, 2026
 December 31, 2025
Assets:      Cash and Cash Equivalents $1,161  $987 Restricted Cash  37   55 Accounts Receivable, Net  1,105   1,234 Inventories, Net  861   836 Property, Plant and Equipment, Net  1,160   1,124 Intangibles, Net  288   285        Liabilities:      Accounts Payable  595   650 Accrued Salaries and Benefits  277   285 Current Portion of Long-term Debt  264   30 Long-term Debt  1,216   1,455        Shareholders’ Equity:      Total Shareholders’ Equity  1,992   1,696  Weatherford International plcSelected Cash Flows Information (Unaudited)             Three Months Ended Nine Months Ended($ in Millions) September
30, 2026 June
30, 2026 September
30, 2025 September
30, 2026 September
30, 2025Cash Flows From Operating Activities:          Net Income $125  $42  $87  $276  $318 Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:          Depreciation and Amortization  70   71   67   211   193 Foreign Exchange Losses  5   10   10   11   40 Gain on Disposition of Assets  (15)  (7)  (2)  (28)  (6)Gain on Sale of Business  —   —   —   —   (70)Deferred Income Tax Provision (Benefit)  (44)  —   11   (35)  13 Share-Based Compensation  15   11   10   38   26 Changes in Accounts Receivable, Inventory, Accounts Payable, Accrued Salaries and Benefits and Income Taxes Payable  27   64   (69)  65   (116)Other Changes, Net  9   (16)  24   (35)  10 Net Cash Provided By Operating Activities  192   175   138   503   408            Cash Flows From Investing Activities:          Capital Expenditures for Property, Plant and Equipment  (45)  (42)  (44)  (141)  (175)Proceeds from Disposition of Assets  8   6   5   17   11 Proceeds from Sale of Business  —   —   —   —   97 Purchases of Blue Chip Swap Securities  (9)  (11)  (20)  (23)  (103)Proceeds from Sales of Blue Chip Swap Securities  8   11   20   22   102 Business Acquisition, Net of Cash Acquired  (13)  —   —   (13)  — Other Investing Activities  (3)  (6)  (7)  (26)  (14)Net Cash Used In Investing Activities  (54)  (42)  (46)  (164)  (82)           Cash Flows From Financing Activities:          Repayments of Long-term Debt  (8)  (9)  (7)  (25)  (80)Distributions to Noncontrolling Interests  (4)  (5)  (8)  (9)  (16)Tax Remittance on Equity Awards  (2)  (1)  —   (20)  (20)Share Repurchases  (28)  (16)  (7)  (54)  (94)Dividends Paid  (19)  (20)  (18)  (59)  (54)Other Financing Activities  (1)  2   (7)  —   (13)Net Cash Used In Financing Activities $(62) $(49) $(47) $(167) $(277) Weatherford International plcNon-GAAP Financial Measures Defined (Unaudited)
We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10(e) of Regulation S-K) may provide users of this financial information additional meaningful comparisons between current results and results of prior periods and comparisons with peer companies. The non-GAAP amounts shown in the following tables should not be considered as substitutes for results reported in accordance with GAAP but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

Adjusted EBITDA* – Adjusted EBITDA* is a non-GAAP measure and represents consolidated income before interest expense, net, income taxes, depreciation and amortization expense, and excludes, among other items, restructuring charges, share-based compensation expense, as well as other charges and credits. Management believes adjusted EBITDA* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA* should be considered in addition to, but not as a substitute for consolidated net income and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Adjusted EBITDA margin* – Adjusted EBITDA margin* is a non-GAAP measure which is calculated by dividing consolidated adjusted EBITDA* by consolidated revenues. Management believes adjusted EBITDA margin* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA margin* should be considered in addition to, but not as a substitute for consolidated net income margin and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Adjusted Free Cash Flow* – Adjusted Free Cash Flow* is a non-GAAP measure and represents cash flows provided by (used in) operating activities, less capital expenditures plus proceeds from the disposition of assets. Management believes adjusted free cash flow* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow* should be considered in addition to, but not as a substitute for cash flows provided by operating activities and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Adjusted Free Cash Flow Conversion* – Adjusted free cash flow conversion* is a non-GAAP measure that is calculated by dividing adjusted free cash flow* by adjusted EBITDA*. Management believes adjusted free cash flow conversion* is useful to assess the level of normalized liquidity generated in the operating cycle. Adjusted free cash flow conversion* should be considered in addition to, but not as a substitute for the GAAP measures described above for the respective components, and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

Net Debt* – Net Debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cash and cash equivalents as we monitor our ability to repay and service our debt. Net debt* should be considered in addition to, but not as a substitute for overall debt and total cash and should be viewed in addition to the Company’s results prepared in accordance with GAAP.​

Net Leverage* – Net Leverage* is a non-GAAP measure which is calculated by taking net debt* divided by adjusted EBITDA* for the trailing 12 months. Management believes the net leverage* is useful to understand our ability to repay and service our debt. Net leverage* should be considered in addition to, but not as a substitute for, the individual components of above defined net debt* divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

Gross Leverage* – Gross Leverage* is a non-GAAP measure which is calculated by dividing total debt by adjusted EBITDA* for the trailing 12 months. Management believes gross leverage* is useful to understand our ability to repay and service our debt. Gross leverage* should be considered in addition to, but not as a substitute for, total debt divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

*Non-GAAP – as defined above and reconciled to the GAAP measures in the section titled GAAP to Non-GAAP Financial Measures Reconciled

Weatherford International plcGAAP to Non-GAAP Financial Measures Reconciled (Unaudited)   Three Months Ended Nine Months Ended($ in Millions, Except Margin in Percentages) September
30, 2026 June
30, 2026 September
30, 2025 September
30, 2026 September
30, 2025Revenues $1,143  $1,105  $1,232  $3,400  $3,629 Net Income Attributable to Weatherford $120  $39  $81  $267  $293 Net Income Margin  10.5%  3.5%  6.6%  7.9%  8.1%Adjusted EBITDA* $254  $223  $269  $710  $776 Adjusted EBITDA Margin*  22.2%  20.2%  21.8%  20.9%  21.4%           Net Income Attributable to Weatherford $120  $39  $81  $267  $293 Net Income Attributable to Noncontrolling Interests  5   3   6   9   25 Income Tax Provision  4   33   52   33   108 Interest Expense, Net of Interest Income of $13, $11, $11, $34, and $36  15   16   23   48   70 Other Expense, Net  9   16   16   26   61 Operating Income  153   107   178   383   557 Depreciation and Amortization  70   71   67   211   193 Other Charges, Net[1]  4   13   3   20   19 Gain on Sale of Business  —   —   —   —   (70)Restructuring Charges  6   9   11   28   51 Redomestication  6   12   —   30   — Share-Based Compensation  15   11   10   38   26 Adjusted EBITDA* $254  $223  $269  $710  $776            Net Cash Provided By Operating Activities $192  $175  $138  $503  $408 Capital Expenditures for Property, Plant and Equipment  (45)  (42)  (44)  (141)  (175)Proceeds from Disposition of Assets  8   6   5   17   11 Adjusted Free Cash Flow* $155  $139  $99  $379  $244 
[1] Other Charges, Net in the three and nine months ended September 30, 2026 primarily includes mergers and acquisitions costs. Other Charges, Net in the three and nine months ended September 30, 2025 primarily includes fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico and other miscellaneous charges and credits. *Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined Weatherford International plcGAAP to Non-GAAP Financial Measures Reconciled Continued (Unaudited)   ($ in Millions) September
30, 2026
 June
30, 2026
 September
30, 2025
Current Portion of Long-term Debt $264  $30  $126 Long-term Debt  1,216   1,450   1,462 Total Debt $1,480  $1,480  $1,588           Cash and Cash Equivalents $1,161  $1,100  $967 Restricted Cash  37   37   64 Total Cash $1,198  $1,137  $1,031           Components of Net Debt         Current Portion of Long-term Debt $264  $30  $126 Long-term Debt  1,216   1,450   1,462 Less: Cash and Cash Equivalents  1,161   1,100   967 Less: Restricted Cash  37   37   64 Net Debt* $282  $343  $557           Net Income for trailing 12 months $405  $366  $405 Adjusted EBITDA* for trailing 12 months $1,001  $1,016  $1,102           Net Leverage* (Net Debt*/Adjusted EBITDA*)  0.28x  0.34x  0.51x
*Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

 | Source: Weatherford International, LLC

HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced it has been awarded a two-year extension across several strategic frame agreements with Equinor, one of the world's leading energy companies.

Weatherford has also been selected as the primary provider of completion systems for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf, significantly expanding the Company's role in supporting Equinor's offshore development and production operations.

Under the extended agreements, Weatherford will provide its integrated completions portfolio to improve operational efficiency, enhance well performance, and maximize production throughout the life of the well. The award builds on a long-standing collaboration between the two companies and further strengthens Weatherford's leadership position in offshore completions across the North Sea.

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “We are pleased to continue expanding our collaboration with Equinor through these agreement extensions and the award of this important completions scope. The award reflects the strength of Weatherford’s differentiated completions portfolio, proven execution in the North Sea, and commitment to delivering safe, reliable, and high-quality operations. By combining innovative technologies with deep technical expertise, we look forward to helping Equinor drive greater efficiency, optimize production, and maximize value across its offshore assets.”

The contract extension and expanded completions scope reinforce Weatherford's commitment to the Norwegian Continental Shelf and reflect the Company's continued investment in innovative technologies that improve well performance, increase operational efficiency, and support safe, reliable offshore operations.

About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
[email protected]

For Media:
Kelley Hughes
Weatherford Corporate Communications, Marketing & Sustainability
[email protected]

 | Source: Weatherford International, LLC

HOUSTON, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced the completion of its previously announced acquisition of NCS Multistage Holdings, Inc. (“NCS Multistage”), strengthening Weatherford’s completions portfolio and expanding capabilities in reservoir diagnostics and well performance solutions.

As previously announced, NCS Multistage stockholders received either (i) 0.554 shares of Weatherford ordinary shares (the “Share Consideration”), or (ii) a combination of 0.239 Weatherford ordinary shares and a cash amount equal to 0.137 Weatherford ordinary shares, subject to proration and certain limitations and adjustments (the “Mixed Consideration”). NCS Multistage common stock has ceased trading and will no longer be listed on the NASDAQ.

The acquisition brings together complementary technologies, expertise, and services that further strengthen Weatherford's ability to support customers across the complete well lifecycle. NCS Multistage's completions and reservoir diagnostics capabilities enhance Weatherford's existing portfolio across well construction, completions, production optimization, and intervention, while accelerating the global deployment of NCS technologies through Weatherford's extensive market presence. The combination also strengthens Weatherford's position in North America and supports a more agile operating model designed to streamline decision-making, enhance execution, and create greater value for customers, employees, and shareholders.

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “The completion of this acquisition marks another important step in advancing our strategy and strengthening the differentiated value we bring to customers. NCS Multistage adds complementary technology, deep completions and reservoir expertise, and a talented team that strengthens our ability to address a broader range of customer challenges across the well lifecycle. We are pleased to welcome the NCS Multistage team to Weatherford and look forward to bringing the strengths of our combined organization to more customers and markets around the world. Our focus now turns to disciplined integration and execution as we work together to improve well performance, maximize asset value, and create sustainable value for our customers and shareholders.”

Advisors
King & Spalding LLP acted as legal counsel to Weatherford, and Baker Botts L.L.P. acted as legal counsel to NCS Multistage. Piper Sandler & Co. served as financial advisor to NCS Multistage.

About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

About NCS Multistage
NCS Multistage is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion and field development strategies. NCS Multistage provides products and services primarily to exploration and production companies for use in onshore and offshore wells, predominantly those that have been drilled with horizontal laterals in both unconventional and conventional oil and natural gas formations. NCS Multistage’s products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including the North Sea, the Middle East and Argentina. Visit ncsmultistage.com for more information.

Forward-Looking Statements

This communication includes statements, which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements, and any related oral statements, can be identified by the use of terms such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements about the anticipated benefits of the completed transaction between Weatherford and NCS Multistage, including expected synergies, the integration of the parties’ businesses, and plans and expectations for the combined company following completion of the transaction. Such statements are based upon the current beliefs of Weatherford’s and NCS Multistage’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that forward-looking statements are only estimates and may differ materially from actual future events or results, based on factors including but not limited to risks related to difficulties, inabilities or delays in integrating the parties’ businesses; the ability to realize the anticipated benefits of the completed transaction, including estimated synergies; the potential impact of the announcement or consummation of the completed transaction on Weatherford’s stock price and on the parties’ respective business, contractual and operational relationships; risks related to business disruptions from the completed transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; the risk that the completed transaction and its announcement could have an adverse effect on the ability of either or both parties to hire and retain key personnel; the outcome of any legal proceedings that may be instituted against Weatherford or NCS Multistage, or their respective directors; the possibility that implementing the completed transaction may be more expensive than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; Weatherford’s ability to receive, in a timely manner and on satisfactory terms, required shareholder and court approval, and to satisfy the other conditions to the proposed redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the proposed redomestication; the occurrence of difficulties in connection with the redomestication, including any costs related thereto; the risk that the proposed redomestication disrupts current plans and operations; global political, economic and market conditions, political disturbances, war or other global conflicts, terrorist attacks, public health issues such as pandemics, changes in global trade policies, tariffs and sanctions, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; as well as the factors and risks described in Weatherford’s Annual Report on Form 10-K for the year ended December 31, 2025 and NCS Multistage’s Annual Report on Form 10-K for the year ended December 31, 2025, and, in each case, in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable factors not discussed in this communication could also have material adverse effects on forward-looking statements. You should not place undue reliance on any of Weatherford’s or NCS Multistage’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and Weatherford and NCS Multistage undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law, and we caution you not to rely on them unduly.

For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
[email protected]

For Media:
Kelley Hughes
Weatherford Corporate Communications, Marketing & Sustainability
[email protected]

It has been about a month since the last earnings report for Weatherford (WFRD - Free Report) . Shares have added about 5.9% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Weatherford due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Weatherford International PLC before we dive into how investors and analysts have reacted as of late.

WFRD Q2 Earnings Miss EstimatesWeatherford reported second-quarter 2026 earnings of 55 cents per share, down 70.6% from $1.87 a year ago. The bottom line missed the Zacks Consensus Estimate of 92 cents by 40.2%.

Quarterly revenues of $1.11 billion beat the consensus estimate of $1.06 billion by 3.8% but declined 8.2% year over year.

Weak quarterly earnings can be attributed to disruptions in the Middle East and lower activity across several markets.

WFRD’s Regional Results Reflect Broad PressureNorth America revenues fell 15% year over year to $205 million. Lower Artificial Lift and Cementation Products activity affected the segment, partially offset by stronger Completions activity in the U.S. offshore market.

International revenues declined to $900 million from $963 million in the year-ago quarter. Latin America revenues edged up 1% year over year to $197 million, backed by stronger Completions activity in the Caribbean and managed pressure drilling in Mexico.

Middle East/North Africa/Asia revenues dropped 15% from the year-ago period to $446 million in the second quarter due to escalating geopolitical tensions that disrupted activity. Europe/Sub-Sahara Africa/Russia revenues rose to $257 million, up 5% from the corresponding period in 2025, driven by stronger Pressure Pumping and managed pressure drilling activity, partially offset by reduced Drilling Services activity in Europe.

Weatherford’s Segment ResultsDrilling and Evaluation revenues decreased 13% year over year to $291 million. Segment adjusted EBITDA fell 16% to $58 million, primarily due to lower Wireline and drilling-related services activity, partly offset by stronger managed pressure drilling performance in Europe/Sub-Sahara Africa/Russia.

Well Construction and Completions revenues declined 5% from the prior-year quarter to $433 million, while segment adjusted EBITDA fell 9% to $107 million. Revenues in the segment were pressured by lower activity in the Middle East/North Africa/Asia, while higher Completions activity in Latin America partially offset the impact.

Production and Intervention revenues slipped to $316 million, down 3% from the prior-year period due to reduced Artificial Lift activity in North America and Latin America. However, segment adjusted EBITDA increased to $70 million from $63 million in the second quarter of 2025, supported by stronger fall-through in Intervention Services and Drilling Tools in North America and Europe/Sub-Sahara Africa/Russia.

WFRD’s Profitability Faces Operational HeadwindsOperating income totaled $107 million, down approximately 55% from $237 million in the prior-year quarter. Net income attributable to Weatherford declined to $39 million from $136 million a year ago, while the net income margin was 3.5% in the reported quarter.

Adjusted EBITDA totaled $223 million, down 12% year over year. The company absorbed the impact of lower activity, pricing pressure and elevated freight and logistics costs related to the Middle East conflict.

Moreover, reduced activity in Indonesia and a union strike in Norway further pressured performance in the second quarter. Cost discipline helped keep the adjusted EBITDA margin nearly flat sequentially despite the weaker revenue base.

Weatherford Strengthens Cash Flow and LiquidityCash provided by operating activities was $175 million, up 37% year over year. Adjusted free cash flow increased 76% to $139 million, supported by working capital improvement, continued customer collections and lower capital spending. Capital expenditures were $42 million in the second quarter.

Weatherford returned $36 million to shareholders through $20 million in dividends and $16 million in share repurchases. The company ended the quarter with approximately $1.14 billion of cash and restricted cash, total liquidity of $1.7 billion and a net leverage ratio of 0.34X. Weatherford’s long-term debt at the end of the quarter stood at $1.45 billion.

WFRD Advances Key Strategic InitiativesWeatherford agreed to acquire NCS Multistage in a stock-and-cash transaction that expands its completions portfolio and exposure to unconventional resources. Management expects the deal to generate at least $15 million of annual cost synergies within 18 months of closing.

The company also introduced an updated proposal to redomesticate from Ireland to Delaware. Subject to shareholder and Irish High Court approvals, the move is expected to generate annual cash savings of $20-$30 million beginning in 2027.

Weatherford Updates Guidance Amid Gradual RecoveryFor the third quarter of 2026, management expects revenues of $1.11-$1.16 billion and adjusted EBITDA of $235-$265 million. Adjusted free cash flow is projected to exceed $100 million. The outlook assumes a progressive recovery in the Middle East, partly offset by activity declines in certain markets and the expiration of a Saudi contract.

For 2026, Weatherford now expects revenues of $4.54-$4.80 billion and adjusted EBITDA of $951 million to $1.05 billion. Adjusted free cash flow conversion is projected in the mid-to-high 40% range. Management expects the Middle East recovery to remain gradual and dependent on regional stability.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.

The consensus estimate has shifted -11.55% due to these changes.

VGM ScoresCurrently, Weatherford has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Weatherford has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

Weatherford (WFRD - Free Report) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -40.22%. A quarter ago, it was expected that this oilfield service company would post earnings of $1.02 per share when it actually produced earnings of $1.49, delivering a surprise of +46.08%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Weatherford, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.11 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.82%. This compares to year-ago revenues of $1.2 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Weatherford shares have lost about 0.1% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for Weatherford?While Weatherford has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Weatherford was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $1.17 billion in revenues for the coming quarter and $5.94 on $4.69 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RPC (RES - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This oil and gas services company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

RPC's revenues are expected to be $464 million, up 10.3% from the year-ago quarter.

July 13, 2026 17:48 ET  | Source: Weatherford International, LLC

HOUSTON, July 13, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it will hold Special Shareholder Meetings on September 3, 2026, to consider the Company's proposed redomestication from Ireland to Delaware. The definitive proxy statement for the meetings was filed with the U.S. Securities and Exchange Commission today and is being distributed to all shareholders.

The Weatherford Board of Directors unanimously recommends that shareholders vote FOR all proposals related to the proposed redomestication, which the Board believes will simplify the Company's organizational, statutory and regulatory structure while creating a more appropriate corporate framework to support Weatherford's long-term strategy. The expected financial benefits for Weatherford are estimated to be approximately $20 million to $30 million in annual cash savings beginning in 2027 if the redomestication and related corporate restructuring is completed in 2026. The Company views the redomestication transactions as a significant pillar in its continued improvement in adjusted free cash flow conversion.

Shareholders are reminded that new voting instructions are required for this meeting. Any votes submitted in connection with the Company's June 11, 2026, shareholder meetings will not be counted for the September 3 meetings.

To ensure your shares are voted, shareholders must complete and submit BOTH proxy cards, one for the Scheme Meeting and one for the Extraordinary General Meeting. Approval of the proposed redomestication requires shareholder approval at both meetings.

The definitive proxy statement contains important information regarding the proposed redomestication, voting procedures, and the proposals to be considered. Shareholders are encouraged to review the proxy materials carefully and vote as soon as possible.

Shareholders requiring assistance with voting their shares should contact Weatherford's proxy solicitor, Innisfree M&A Incorporated:

Shareholders may call (toll-free) (877) 750-8226Banks and brokers may call (212) 750-5833 Additional information, including the definitive proxy statement, is available through the SEC and the Company's investor relations website.

About Weatherford

Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

Forward-Looking Statements
This release, as well as other statements we make, include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about Weatherford’s beliefs, plans, estimates, or expectations, are forward-looking statements. Forward-looking statements often use words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “plan,” “potential,” “should,” “target,” “will,” and other words of similar meaning. Such forward-looking statements include, but are not limited to, statements regarding the redomestication, that include, among other things, the anticipated timing and benefits of the redomestication, including the realization of additional cost savings and operational efficiencies, and statements relating to future financial performance and results and goals. These statements are based on current beliefs, plans, estimates, and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them.

The factors that could cause actual results to differ materially from current expectations include, but are not limited to, our ability to receive, in a timely manner and on satisfactory terms, required shareholder and court approval, and to satisfy the other conditions to the redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the redomestication; the occurrence of difficulties in connection with the redomestication, including any costs related thereto; the risk that the redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the redomestication; and the future financial performance of Weatherford following the redomestication.

The foregoing factors are in addition to those other risks, uncertainties, and factors included in the “Risk Factors” section and elsewhere in Weatherford’s reports filed with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, the proxy statement for the meetings, and other documents filed with the SEC. There may be other risks and uncertainties that we are not currently aware of or are unable to predict and which may also affect Weatherford’s forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and Weatherford undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Additional Information and Where to Find It
In connection with the Redomestication, Weatherford filed a definitive proxy statement with the SEC on July 13, 2026. Weatherford may also file other relevant documents with the SEC regarding the Redomestication. The definitive proxy statement is being mailed to shareholders of Weatherford. This communication is not a substitute for any proxy statement or any other document that is or may be filed with the SEC or sent to Weatherford’s shareholders in connection with the Redomestication.

INVESTORS AND SECURITY HOLDERS OF WEATHERFORD ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT WEATHERFORD AND THE REDOMESTICATION AND RELATED MATTERS.

Investors and security holders are and will be able to obtain free copies of the definitive proxy statement and other documents containing important information about Weatherford and the Redomestication through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Weatherford are available free of charge on Weatherford’s website at www.weatherford.com.

Participants in the Solicitation
Weatherford and its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from Weatherford’s shareholders in connection with the Redomestication. Information about the directors and executive officers of Weatherford and their ownership of Weatherford’s securities is set forth in the definitive proxy statement relating to the Redomestication, which was filed with the SEC on July 13, 2026 https://www.sec.gov/Archives/edgar/data/1603923/000119312526302022/d136463ddef14a.htm. You may obtain free copies of these documents using the sources indicated above.

For Investors:

Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
[email protected]

For Media:
Kelley Hughes
Weatherford Communications, Marketing and Sustainability
[email protected]