Weatherford Announces Second Quarter 2026 ResultsSecond quarter revenue of $1,105 million decreased 4% sequentially Second quarter operating income of $107 million decreased 13% sequentially Second quarter net income of $39 million decreased 64% sequentially; net income margin of 3.5% Second quarter adjusted EBITDA* of $223 million, decreased 4% sequentially; adjusted EBITDA margin* of 20.2% decreased 4 basis points sequentially Second quarter cash provided by operating activities of $175 million and adjusted free cash flow* of $139 million Shareholder return of $36 million for the quarter, which included dividend payments of $20 million and share repurchases of $16 million Announced the acquisition of NCS Multistage (NASDAQ: NCSM) in a stock-and-cash transaction, expanding Weatherford's well completions portfolio Introduced an updated plan to redomesticate from Ireland to Delaware, reflecting continued confidence in the initiative's long-term value creation potential Awarded several Managed Pressure Drilling (“MPD”) contracts from Noble Corporation, Constellation Oil Services and Ventura Offshore Holding Ltd. *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled HOUSTON, July 21, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the second quarter of 2026.
GlobeNewsWire7/21/2026Neutral