Weatherford International plc (WFRD) Form 10-Q — Oct 21, 2026
Weatherford International reported Q3 2026 revenue of $1.143 billion, down 7% year-over-year, driven largely by Middle East disruptions from the Iran Conflict. Net income attributable to Weatherford rose to $120 million ($1.66 diluted EPS) from $81 million ($1.12 EPS), aided by a $56 million tax valuation allowance release. The quarter was operationally mixed: operating income fell 14% to $153 million and WCC segment adjusted EBITDA dropped 20%, while DRE and PRI margins expanded meaningfully. The company completed its $128 million acquisition of NCS Multistage on September 1, 2026 and expects the Ireland-to-Delaware redomestication to close in Q4 2026.
Key figures
- Eps
- 1.66
- Revenue
- 1143000000
- Guidance
- Overall activity expected to improve through the remainder of 2026, driven by North America and Latin America and the NCS acquisition; capital spend 3-5% of revenue over 12-18 months.
- Net Income
- 125000000
- Revenue Yoy
- -7% (Q3 2026 vs Q3 2025)
- Total Assets
- 5336000000
- Cash Position
- 1161000000
- Shares Outstanding
- 72470284
- Q3 2025 revenue
- $1,232M
- Dividends paid 9m
- $59M
- Dividend per share
- $0.275
- Q3 2025 net income
- $87M
- Operating income q3
- $153M (down 14% YoY)
- Q3 diluted eps 2025
- $1.12
- Share repurchases 9m
- $54M
- Operating cash flow 9m
- $503M
- Buyback authority remaining
- $246M
- Valuation allowance release
- $56M
- Ncs acquisition consideration
- $128M
- Senior notes 2030 outstanding
- $236M
- Senior notes 2033 outstanding
- $1.2B
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