| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.2K | 3.4% |
| Total Income | 1.2K | 3.4% |
| Expenditure | 1.0K | 2.1% |
| PBT | 105.00 | 9.4% |
| Net Profit | 108.00 | 42.1% |
| OPM | 10.68% | 1.23pp |
| NPM | 9.38% | 3.01pp |
| EPS | 1.50 | 44.2% |
Weatherford Reports Q1 2026 Revenue of $1,152 Million
22 Apr 2026 · 22 Apr, 2:15 am
Summary
Weatherford International plc announced its first quarter 2026 results, with revenue of $1,152 million, a 3% decrease year-over-year. Operating income was $123 million, down 13% year-over-year, while net income increased by 42% to $108 million. Adjusted EBITDA was $233 million, an 8% decrease year-over-year. The company is proposing to redomesticate from Ireland to the United States, with Texas as its new legal home.
Key Highlights
- 1
First quarter revenue was $1,152 million, a decrease of 3% year-over-year.
- 2
Operating income for the first quarter was $123 million, a decrease of 13% year-over-year.
- 3
Net income in the first quarter of 2026 was $108 million, an increase of 42% year-over-year.
- 4
Adjusted EBITDA for the first quarter was $233 million, a decrease of 8% year-over-year.
- 5
Cash provided by operating activities in the first quarter was $136 million.
- 6
Adjusted free cash flow for the first quarter was $85 million.
- 7
Shareholder return of $30 million for the quarter, included dividend payments of $20 million and share repurchases of $10 million.
Management Comments
Girish Saligram
I am deeply grateful to and proud of the One Weatherford team for delivering excellent operating results in the midst of a very complex and challenged environment in the first quarter. With significant operational disruptions in the Middle East, we stayed focused on what matters the most - protecting our employees, maintaining continuity of operations for our customers, and controlling the variables we could. While we faced losses in revenue and increased costs due to the Iran conflict, we were able to offset the impact of those through additional contributions from other parts of the business.
Girish Saligram
In parallel, we remain committed to advancing our strategic priorities to create value for all our stakeholders by simplifying processes and reducing structural costs. Our proposal to redomesticate from Ireland to the United States and specifically Texas, represents a significant step towards simplifying our operating structure and reducing administrative and compliance complexity.
Girish Saligram
Looking ahead, we expect the operational disruptions in the Middle East to cloud near term visibility as the geopolitical backdrop remains volatile and therefore creates uncertainty. Given the likelihood that it will take at minimum several weeks for activity levels to normalize, logistics to stabilize and incremental costs to come down, our second quarter results are expected to be softer than previously anticipated, with performance within the range dependent on the timing of these factors. At the same time, assuming that the conflict is fully behind us by the end of the quarter, we have increased confidence in the second-half ramp that positions us for a stronger 2027.
Girish Saligram
As a result, we are maintaining our second half guidance and the total year guidance on adjusted free cash flow generation remains intact. We have a strong balance sheet and are bullish about the medium-to-long term outlook, which is supported by energy security priorities and sustained upstream investment.”
Informational and educational content only. Not investment advice.