Weatherford International plc (WFRD) Form 8-K — Oct 20, 2026
Weatherford reported Q3 2026 revenue of $1,143 million (+3% sequentially, -7% YoY) with net income of $120 million, up 208% sequentially and 48% YoY, and adjusted EBITDA of $254 million at a 22.2% margin, up 204 basis points sequentially. The company announced a redemption of its remaining $236 million of 8.625% Senior Notes due 2030, which will cut annualized interest expense by roughly $20 million, while Fitch, S&P, and Moody's all moved to Positive Outlooks. Shareholders also approved the redomestication from Ireland to Delaware, expected to save $20-30 million annually starting in 2027.
Key figures
- Eps
- 1.66
- Revenue
- 1143000000
- Guidance
- Meaningful ramp in adjusted EBITDA expected in Q4; increasing full-year adjusted free cash flow guidance again
- Net Income
- 120000000
- Total Debt
- 1480000000
- Revenue Yoy
- -7%
- Cash Position
- 1161000000
- Shares Outstanding
- 71900000
- Capex q3
- $45 million
- Net leverage
- 0.28x
- Adjusted ebitda
- $254 million
- Dividend per share
- $0.275 declared October 15, 2026
- Operating cash flow
- $192 million
- Shareholder return q3
- $47 million
- Adjusted ebitda margin
- 22.2%
- Adjusted free cash flow
- $155 million
- Redomestication savings
- $20 million to $30 million annual cash savings beginning 2027
- Senior notes redemption
- $236 million of 8.625% Senior Notes due 2030, redemption date October 30, 2026
- Interest savings from redemption
- ~$20 million annualized
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.