WFRD

WFRD's Q2 revenues beat estimates, but Middle East disruptions and weaker activity drive a sharp earnings decline.

Weatherford International plc (WFRD) Q2 2026 Earnings Call Transcript

Weatherford International NASDAQ: WFRD reported second-quarter 2026 revenue of $1.105 billion, adjusted EBITDA of $223 million and adjusted free cash flow of $139 million, as management said the oilfield services company held margins steady despite operational disruptions tied to conflict in the Middle East and softer activity in several markets.

Second 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.

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HOUSTON, June 19, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 22, 2026 to discuss the Company's results for the second quarter ended June 30, 2026.

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Investors interested in Oil and Gas - Field Services stocks are likely familiar with Weatherford (WFRD) and Archrock Inc. (AROC). But which of these two stocks presents investors with the better value opportunity right now?