MergerJul 22, 2026, 04:36 PM
Weatherford to Acquire NCS Multistage; Q2 Revenue $1.11B, EPS $0.55
AI Summary
Weatherford International plc announced a definitive merger agreement to acquire NCS Multistage Holdings, Inc., expected to close in H2 2026. The company also reported Q2 2026 revenue of $1.11 billion, a decrease from $1.20 billion in Q2 2025, and diluted EPS of $0.55, down from $1.87 in the prior year. Additionally, Weatherford is proposing to redomesticate from Ireland to Delaware, with shareholder meetings scheduled for September 3, 2026. The Board declared a cash dividend of $0.275 per share.
Key Highlights
- Acquisition of NCS Multistage Holdings, Inc. via definitive merger agreement.
- Proposed redomestication from Ireland to Delaware.
- Q2 2026 Total Revenue: $1,105M, down from $1,204M YoY.
- Q2 2026 Net Income Attributable to Weatherford: $39M, down from $136M YoY.
- Q2 2026 Diluted EPS: $0.55, down from $1.87 YoY.
- Declared cash dividend of $0.275 per share.
- Repurchased $26M of ordinary shares in H1 2026.
- DRE segment Q2 revenue: $291M; WCC: $433M; PRI: $316M.
Price Impact
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