Weatherford Q2 FY26 net income drops 64% to $39 million; revenue falls 4% to $1.11 billion vs Q1 FY26
WFRD•Quarterly results and cash flow
- 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.
Acquisition and corporate plan update
- Weatherford announced the NCS Multistage acquisition.
- The company also updated its plan to redomesticate from Ireland to Delaware, targeting $20 million to $30 million in annual cash savings from 2027.
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