Weatherford International plc is an energy services company that provides equipment and services for drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. It operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. The company offers a broad range of products and services, including managed pressure drilling, directional drilling, logging and measurement, wireline and drilling fluids, cementing products, completion tools, artificial lift systems, and software and automation solutions. Incorporated in 1972, Weatherford is based in Houston, Texas.
Weatherford Reports $1.105 Billion Revenue in Q2 2026
Weatherford International posted second-quarter 2026 revenue of $1.105 billion and adjusted EBITDA of $223 million, representing a 20.2% margin. Adjusted free cash flow reached $139 million, a 62.3% conversion on adjusted EBITDA, while capital expenditures were $42 million, or 3.8% of revenues. The company guided for third-quarter revenue between $1.105 billion and $1.155 billion, with adjusted EBITDA of $235 million to $265 million. Full-year 2026 revenue is expected in the range of $4.54 billion to $4.80 billion, and adjusted EBITDA between $951 million and $1.046 billion, with adjusted free cash flow conversion in the mid- to high-40% range. The net leverage ratio stood at 0.34 times.
Weatherford International Q2 2026 earnings preview shows consensus EPS of $0.90 and revenue of $1.07B
Weatherford International is scheduled to announce its second-quarter 2026 earnings results on Wednesday, July 22nd, before market open. The consensus earnings per share estimate stands at $0.90, while the consensus revenue estimate is $1.07 billion, representing an 11.1 percent decline year-over-year. Over the past year, the company has beaten EPS estimates 75 percent of the time and revenue estimates 100 percent of the time. In the last three months, EPS estimates have seen zero upward revisions and ten downward revisions, and revenue estimates have seen zero upward revisions and eleven downward revisions.
Weatherford to hold Special Shareholder Meetings on September 3 for proposed redomestication to Delaware
Weatherford International announced it will hold Special Shareholder Meetings on September 3, 2026, to vote on its proposed redomestication from Ireland to Delaware. The Board unanimously recommends approval, estimating annual cash savings of $20 million to $30 million beginning in 2027 if the move is completed this year. Shareholders must submit new voting instructions and complete both proxy cards for the Scheme Meeting and Extraordinary General Meeting, as prior votes from the June 11 meetings will not count. The definitive proxy statement was filed with the SEC today and is being distributed to all shareholders.
Core Natural Resources Touted as Top Pick, SLB and Weatherford Flagged as Sells
StockStory identifies Core Natural Resources as an energy stock with exciting potential, while recommending investors avoid SLB and Weatherford. Core Natural Resources, a coal miner and exporter, posted annual revenue growth of 14.2% over nine years and a robust free cash flow margin of 12.7%, trading at 4.8 times forward EV-to-EBITDA. In contrast, SLB faces a low gross margin of 21.5% and a forward P/E of 17.4, while Weatherford has seen annual sales decline 5.1% over a decade with a gross margin of 31.7% and a forward P/E of 14.7.
0SCL.LSE · Capital · Negative StockStory flags SLB as a sell due to low gross margin of 21.5% and forward P/E of 17.4.
CNR · Capital · Positive StockStory identifies Core Natural Resources as a top pick with strong revenue growth and free cash flow margin, trading at attractive valuation.
SLB · Capital · Negative StockStory flags SLB as a sell due to low gross margin of 21.5% and forward P/E of 17.4.
WFRD · Capital · Negative StockStory flags Weatherford as a sell due to annual sales decline of 5.1% over a decade and gross margin of 31.7%.
Weatherford International to Acquire NCS Multistage in Stock and Cash Deal
Weatherford International announced a definitive agreement to acquire NCS Multistage. NCS Multistage stockholders will receive Weatherford common stock or a combination of stock and cash. The transaction is expected to be immediately accretive to adjusted Free Cash Flow per share, and the company anticipates realizing at least $15 million in annual cost synergies within 18 months of closing. The acquisition strengthens Weatherford's completions portfolio by integrating NCS Multistage's specialized technology for optimizing well completions and field development in complex unconventional resource environments. Weatherford plans to use its extensive international footprint to scale NCS Multistage's product suite to a broader global customer base.
StockStory highlights First Solar and Zoetis as promising value stocks, flags Weatherford as underwhelming
StockStory identifies First Solar and Zoetis as value stocks with promising prospects, while cautioning against Weatherford. First Solar, trading at $228.75 per share with a forward P/E of 11.7x, has seen 23.3% annual revenue growth over the last two years and a positive free cash flow profile. Zoetis, at $74.96 per share and a forward P/E of 10.8x, demonstrates 8.7% constant currency growth and a robust 21.3% free cash flow margin. In contrast, Weatherford, priced at $83.00 with a forward P/E of 14.7x, has experienced annual sales declines of 5.1% over the past decade and a below-peer gross margin of 31.7%.
FSLR · Capital · Positive StockStory highlights First Solar as a value stock with strong revenue growth and positive free cash flow, suggesting undervaluation.
WFRD · Capital · Negative StockStory flags Weatherford as underwhelming due to sales declines and below-peer gross margins, indicating poor financial performance.
ZTS · Capital · Positive StockStory highlights Zoetis as a value stock with consistent growth and strong free cash flow margin, suggesting undervaluation.
Mastercard Recommended, Boise Cascade and Weatherford Avoided by StockStory
StockStory recommends buying Mastercard while advising investors to avoid Boise Cascade and Weatherford. Mastercard, trading at $522.80 per share, is highlighted for its 17% annual revenue growth over five years and 23.1% annual earnings per share growth, with a consensus price target of $644.89 implying a 23.4% return. Boise Cascade, at $71.35, faces annual sales declines of 4.2% and eroding returns on capital, with a $92 target. Weatherford, at $83.93, saw sales tumble 5.1% annually over ten years and has a 31.7% gross margin, with a $120.67 target.
BCC · Capital · Negative StockStory advises avoiding Boise Cascade due to annual sales declines and eroding returns on capital.
MA · Capital · Positive StockStory recommends buying Mastercard, citing strong revenue and earnings growth and a consensus price target implying upside.
WFRD · Capital · Negative StockStory advises avoiding Weatherford due to long-term sales declines and low gross margin.
Weatherford and HighPeak Energy Shares Fall as Oil Prices Drop to Pre-War Lows
Shares of Weatherford and HighPeak Energy declined sharply as crude oil prices fell to their lowest level since the start of the Iran conflict, driven by tankers resuming transit through the Strait of Hormuz and signs of progress toward ending the war. Weatherford, a mixed or offshore upstream exploration and production company, dropped 4.5 percent, while U.S. shale exploration and production company HighPeak Energy fell 2.9 percent. The broader S&P 500 energy index fell about 2.45 percent, with West Texas Intermediate crude down roughly 4 percent to near 70 dollars a barrel and Brent down about 4 percent to near 74 dollars, the lowest since February 27. The resumption of tanker crossings with transponders on, safety guarantees cited by the International Maritime Organization, and the International Energy Agency estimating UAE exports near 85 percent of pre-war levels contributed to the price decline. Separately, President Trump ordered a Department of Justice probe into why pump prices have not fallen faster, accusing oil companies of gouging.
HPK · Supply · Negative Oil prices fell to pre-war lows due to resumed tanker transit through Strait of Hormuz and progress toward ending the Iran conflict, directly hurting HighPeak Energy's revenue outlook.
WFRD · Supply · Negative Oil prices fell to pre-war lows due to resumed tanker transit through Strait of Hormuz and progress toward ending the Iran conflict, directly hurting Weatherford's revenue outlook.
USA