News & Events zu Weatherford International PLC (WFRD)WFRDWeatherford International PLC

Weatherford Reports Q3 Revenue of $1.14B

Reports Q3 revenue $1.14B, consensus $1.13B. Girish Saligram, president and CEO, commented, "The One Weatherford team delivered an excellent third quarter, with adjusted EBITDA margin expanding 204 basis points sequentially to 22.2% and adjusted free cash flow* of $155 million. Even as conflict-related operational disruptions in the Middle East weighed on activity levels, the strength of our diversified portfolio, disciplined cost management, and outstanding execution across the organization drove margin expansion and strong cash generation. These results demonstrate the durability of our operating model, agility to pivot in any phase of the cycle and the earnings potential of the business as activity recovers."

Weatherford Awarded Two-Year Extension with Equinor

Weatherford (WFRD) announced it has been awarded a two-year extension across several strategic frame agreements with Equinor (EQNR). Weatherford has also been selected as the primary provider of completion systems for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf, expanding the company's role in supporting Equinor's offshore development and production operations. Under the extended agreements, Weatherford will provide its integrated completions portfolio to improve operational efficiency, enhance well performance, and maximize production throughout the life of the well.

Weatherford Shareholders Approve Redomestication from Ireland to Delaware

Weatherford announced that shareholders have approved all proposals required to effect the company's redomestication from Ireland to Delaware, including approval at both the Board-Convened Scheme Meeting and Extraordinary General Meeting. The shareholder vote marks a significant milestone in Weatherford's continued transformation and advances the company's plan to establish a corporate structure better aligned with its global operations, long-term strategy, and shareholder base. Weatherford expects the transaction to generate approximately $20M to $30M in annual cash savings beginning in 2027 and views the initiative as an important contributor to continued improvement in adjusted free cash flow conversion. The redomestication remains subject to customary closing conditions, including final approval by the Irish High Court. Subject to satisfaction of those conditions, the company expects the transaction to become effective during Q4 of 2026.