secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001603923-26-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392326000041/0001603923-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392326000041/wfrd-20260421.htm
  HTML page:      https://secwatch.observer/filing/0001603923-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer