Weatherford International plc Ordinary Shares Earnings Recaps
Q1 2026
Apr 22, 2026
Weatherford delivered a solid Q1 2026 with $1.15 billion in revenue, supported by strong cash flow and strategic portfolio adjustments, despite regional challenges and the Iran conflict.
Key takeaways
- Revenue declined 3% YoY mainly due to the Argentina pressure pumping divestiture; sequential decline of 11% reflects typical seasonality and conflict impact.
- Adjusted EBITDA margin stood at 20.2%, with margin expansion expected in H2 2026 absent prolonged Iran conflict disruptions.
- Strong collections and disciplined working capital management resulted in $85 million in free cash flow, improving full-year cash flow outlook.
- The Iran conflict caused regional activity delays and logistical cost increases, with an anticipated $30–$50 million profit impact in H1; recovery expected in H2 2026.
- Ongoing portfolio optimization through smaller divestitures aims to boost margins, reduce capital intensity, and align strategic focus.
Q3 2025
Oct 23, 2025
Weatherford International's Q3 2025 results exceeded expectations, demonstrating resilience amid ongoing market challenges with a notable sequential revenue recovery in key regions.
Key takeaways
- Achieved adjusted free cash flow of $99 million despite timing issues with payments from Mexico.
- EBITDA margin expanded more than 70 basis points, showcasing effective cost management strategies.
- Secured multiple significant contracts, including a $147 million deal in Brazil and an 8-year agreement in Romania, highlighting strong technology demand.
- Continued commitment to shareholder returns with $193 million in share repurchases over the past five quarters and consistent quarterly dividends of $0.25 per share.
- Outlook remains cautious with anticipated softness in global demand and pricing pressures expected to persist into early 2026, but potential for improvement in the latter half of the year.