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Weatherford International PLC
F:0WE

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Weatherford International PLC Logo
Weatherford International PLC
F:0WE
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Price: 74.5 EUR -1.09%
Market Cap: €5.5B

Weatherford International PLC
Investor Relations

Weatherford International makes equipment and services used to drill, complete, produce, and repair oil and gas wells. It sells tools such as drilling systems, completion hardware, well intervention equipment, artificial lift systems, and related software and support. The company helps customers build wells, keep them flowing, and fix problems underground where access is difficult. Its main customers are oil and gas producers, national oil companies, drilling contractors, and other field operators. Weatherford earns money by selling equipment, renting tools, and charging for services, maintenance, and support work at the well site. Some of its business comes from recurring demand to maintain installed equipment and respond when wells need repairs or optimization. Weatherford sits in a middle layer of the energy value chain: it is not an oil producer, but it provides the specialized hardware and field services that producers need to work wells efficiently. That makes its business closely tied to drilling and production activity, with a focus on technical know-how, field execution, and equipment that must work in harsh conditions.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 22, 2026
AI Summary
Q2 2026

Q2 held up: Weatherford reported revenue of $1.105 billion, adjusted EBITDA of $223 million, and adjusted free cash flow of $139 million, with margins staying above 20% despite Middle East disruption and other regional headwinds.

Guidance changed: The company kept the full-year EBITDA midpoint roughly intact, raised free cash flow conversion outlook to the mid- to high 40% range, and expects Q3 margins to improve by at least 100 basis points sequentially.

Middle East impact: Management said the conflict continued to weigh on activity and logistics, and while the pressure appears to be moderating, it is still a meaningful drag that has been built into guidance.

Portfolio shift: Weatherford emphasized walking away from low-return work, including the Saudi LSTK contract, while focusing on higher-quality revenue, technology differentiation, and cash generation.

Strategic moves: The company advanced its U.S. redomestication effort with a new Delaware proposal and announced the NCS Multistage acquisition to expand completions and unconventional offerings.

2027 setup: Management said the long-term demand backdrop remains constructive, with energy-security spending, offshore growth, and select international markets like Venezuela and parts of Mexico expected to support future growth.

Key Financials
Revenue
$1.105 billion
Adjusted EBITDA
$223 million
Adjusted EBITDA margin
20.2%
Adjusted free cash flow
$139 million
Adjusted free cash flow conversion
62.3%
Adjusted net working capital as a percentage of revenues
27%
Capital expenditures
$42 million
Cash and restricted cash
$1.14 billion
Total liquidity
$1.7 billion
Net leverage ratio
0.34x
Shareholder returns
$36 million
Annual cash savings from redomestication
$20 million to $30 million
Cost synergies from NCS Multistage
at least $15 million
Middle East profit impact
$30 million to $50 million
Saudi LSTK contract
concluded
Venezuela contribution
tangible contribution in 2027
Other Earnings Calls

Management

Mr. Girishchandra K. Saligram
President, CEO & Director
No Bio Available
Mr. Arunava Mitra
Executive VP & CFO
No Bio Available
Mr. Desmond J. Mills
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Scott C. Weatherholt J.D.
Executive VP, General Counsel & Chief Compliance Officer
No Bio Available
Mr. Charles W. Davison Jr.
Executive VP and Chief Fulfillment & Enterprise Infrastructure Officer
No Bio Available
Depinder Sandhu
Executive VP of Global Product Lines & Technology
No Bio Available
Mr. Luke Michael Lemoine C.F.A.
Senior VP of Corporate Development & Investor Relations
No Bio Available
Kelley Hughes
Director of Global Communications
No Bio Available
Ms. Kristin Ruzicka
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. David John Reed
Executive VP & Chief Commercial Officer
No Bio Available

Contacts

Address
TEXAS
Houston
2000 St. James Place
Contacts
+17138364000.0
www.weatherford.com
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