Weatherford Q2 FY26 net income drops 64% to $39 million; revenue falls 4% to $1.11 billion vs Q1 FY26

• Weatherford posted Q2 2026 revenue of $1.11 billion, down 4% sequentially and down 8% year-over-year.
• Operating income fell to $107 million, down 13% sequentially and down 55% year-over-year.
• Net income attributable to shareholders slid to $39 million, down 64% sequentially and down 71% year-over-year; EPS dropped 63% to $0.55.
• Cash from operations rose 29% sequentially to $175 million; adjusted free cash flow climbed 64% to $139 million.
• Announced NCS Multistage acquisition; updated plan to redomesticate from Ireland to Delaware, targeting $20 million-$30 million annual cash savings from 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Weatherford International plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607211630PRIMZONEFULLFEED9765904) on July 21, 2026, and is solely responsible for the information contained therein.