Weatherford announces second quarter 2026 results
Revenue decreased 4% sequentially to $1,105 million, net income fell 64% to $39 million, and it announced acquisition of NCS Multistage.
See the latest news and media coverage for Weatherford. We track all announcements, press releases, and industry mentions in real time, all in one place.
Energy services company
weatherford.comLast updated
In short: Weatherford agreed to acquire NCS Multistage, secured major offshore contracts, and reported a sharp decline in Q2 2026 earnings.
Revenue decreased 4% sequentially to $1,105 million, net income fell 64% to $39 million, and it announced acquisition of NCS Multistage.
The meetings on September 3 will vote on moving from Ireland to Delaware, with annual cash savings estimated at $20-30 million.
Shareholders supported redomestication but 75% threshold not met; company plans to present updated Delaware proposal.
The deal expands completions portfolio and unconventional resource exposure, with expected synergies of at least $15 million.
Weatherford upgraded to Buy at UBS, which anticipates a Middle East post-war recovery that drives a meaningful acceleration in remediation and intervention work.
Weatherford upgraded to Buy at UBS, which anticipates a Middle East post-war recovery that drives a meaningful acceleration in remediation and intervention work.
WFRD's Q2 revenues beat estimates, but Middle East disruptions and weaker activity drive a sharp earnings decline.
Weatherford International's share price has climbed very sharply over the past five years, yet on broad valuation checks the stock now looks closer to fairly...
Track Weatherford and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to Weatherford and other trending companies.