Quarterly ResultApr 22, 2026, 04:32 PM
Weatherford Q1 2026 Revenue Falls 3.4% to $1.15B
AI Summary
Weatherford International plc reported its first-quarter 2026 financial results, showing a decline in total revenue. Revenue decreased by 3.4% to $1,152 million from $1,193 million in the prior year's quarter. Both services and products segments contributed to this decline, while total costs and expenses also saw a reduction.
Key Highlights
- Total revenue for Q1 2026 was $1,152 million, down 3.4% from $1,193 million in Q1 2025.
- Services revenue decreased to $711 million from $741 million year-over-year.
- Products revenue decreased to $441 million from $452 million year-over-year.
- Total costs and expenses reduced to $1,029 million from $1,051 million.