Weatherford Q1: Revenue $1.15B (-3% YoY), net income +42%; plans Ireland-to-US move

Weatherford International plc

2026-Q1 EPS reported $1.49 revenue$1,152,000,000

Revenue $1,152M (-3% YoY); operating income $123M (-13%); net income $108M (+42%), margin 9.4%.
Adjusted EBITDA $233M (-8%), margin 20.2% (-98 bps); cash from ops $136M, adj. free cash flow $85M.
Shareholder returns of $30M: $20M dividends, $10M share repurchases.
Awarded multi-year Integrated Completions contract with TotalEnergies in Denmark and 5-yr TRS contract in Vietnam.
Proposes redomestication from Ireland to the United States, with Texas as new legal home.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Weatherford International plc reported first quarter ended March 31, 2026 results: revenue $1,152 million, net income $108 million.

Period: first quarter ended March 31, 2026
Revenue: $1,152 million
Net income: $108 million
Result: reported results

Exact text from the filing

in the investor relations section of the Company’s website. --- EX-99.1 (EX-99.1) --- News Release Weatherford Announces First Quarter 2026 Results • First quarter revenue of $1,152 million decreased 3% year-over-year • First quarter operating income of $123 million decreased 13% year-over-year • First quarter net income of $108 million increased 42% year-over-year;

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Source: SEC EDGAR

accession 0001603923-26-000041

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