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Get filing alertsWeatherford Q3 revenue rises 3% sequentially to $1.14B; net income jumps 208% to $120M
Filed October 20, 2026 · Period ending October 20, 2026 · ~1 min read
Key Changes
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high
Q3 2026 revenue was $1,143 million, up 3% sequentially but down 7% year-over-year; net income was $120 million, up 208% sequentially and 48% year-over-year.
Item 2.02 verify on EDGAR → -
high
Adjusted EBITDA was $254 million with a 22.2% margin, up 204 basis points sequentially; adjusted free cash flow was $155 million, up 57% year-over-year.
Item 2.02 verify on EDGAR → -
medium
Weatherford will redeem all $236 million of its 8.625% Senior Notes due 2030 at par plus accrued interest on October 30, 2026, reducing annualized cash interest expense by about $20 million.
Item 2.02 verify on EDGAR → -
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Shareholders approved the redomestication from Ireland to Delaware, expected to save $20–30 million annually beginning in 2027, subject to Irish High Court sanction.
Item 2.02 verify on EDGAR → -
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Weatherford completed its acquisition of NCS Multistage in a stock-and-cash transaction, strengthening its completions portfolio.
Item 2.02 verify on EDGAR →
Summary
Weatherford reported third-quarter 2026 results showing sequential improvement in revenue, net income, and adjusted EBITDA, though revenue declined 7% year-over-year. Net income rose sharply to $120 million with a 10.5% margin, and adjusted free cash flow increased 57% year-over-year to $155 million.
The company also announced the redemption of its 8.625% Senior Notes due 2030, which is expected to reduce annual cash interest expense by approximately $20 million. Shareholders approved the company's redomestication from Ireland to Delaware, which is expected to generate $20 million to $30 million in annual cash savings beginning in 2027, subject to Irish High Court sanction and other closing conditions.
Weatherford also completed its acquisition of NCS Multistage, adding completions technology and expanding its reservoir diagnostics and well performance capabilities. Management will discuss the results on a conference call on October 21, 2026, at 8:30 a.m. Eastern Time.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Weatherford issued a Q3 2026 earnings news release and will host a conference call on October 21, 2026.
Added in current filing · verify on EDGAR →
On October 20, 2026, Weatherford International plc (“Weatherford” and together with its subsidiaries, “we” or the “Company”) issued a news release announcing results for the third quarter ended September 30, 2026.
The company issued a news release announcing its third quarter 2026 results. The release is furnished as Exhibit 99.1 and incorporated into this Item 2.02. No financial figures are quoted in the 8-K body itself; the results are in the attached exhibit.
Added in current filing · verify on EDGAR →
Weatherford will host a conference call on Wednesday, October 21, 2026, to discuss the Company’s results for the third quarter ended September 30, 2026. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
Management will discuss the third quarter results on a conference call the day after the release. The call is scheduled for 8:30 a.m. Eastern Time on October 21, 2026, with a replay available until November 4, 2026.
Event · Exhibit 99.1
Weatherford reports Q3 2026 revenue of $1,143M, net income of $120M, and adjusted EBITDA of $254M, plus debt redemption and redomestication progress.
Added in current filing · view on EDGAR →
Revenues for the third quarter of 2026 were $1,143 million, an increase of 3% sequentially and a decrease of 7% year-over-year. Operating income in the third quarter of 2026 was $153 million, an increase of 43% sequentially and a decrease of 14% year-over-year. Net income in the third quarter of 2026 was $120 million, with a 10.5% margin, an increase of 208%, or 697 basis points, sequentially, and an increase of 48%, or 392 basis points, year-over-year.
Weatherford's Q3 2026 revenue grew 3% sequentially to $1,143 million, while net income jumped 208% sequentially to $120 million with a 10.5% margin. Operating income rose 43% sequentially to $153 million. Year-over-year revenue declined 7% but net income rose 48%.
Added in current filing · view on EDGAR →
Adjusted EBITDA* was $254 million, with a 22.2% margin*, an increase of 14% or 204 basis points, sequentially, and a decrease of 6% but an expansion of 39 basis points, year-over-year.
Adjusted EBITDA reached $254 million with a 22.2% margin, up 204 basis points sequentially. Cash provided by operating activities was $192 million and adjusted free cash flow was $155 million, up 12% sequentially and 57% year-over-year.
Added in current filing · view on EDGAR →
Completed the acquisition of NCS Multistage Holdings, Inc. (“NCS Multistage”) in a stock-and-cash transaction, strengthening Weatherford’s completions portfolio and expanding capabilities in reservoir diagnostics and well performance solutions
Weatherford completed its acquisition of NCS Multistage in a stock-and-cash deal, adding differentiated completions technology with over 500,000 frac stages completed since 2009. The acquisition strengthens the completions portfolio and expands reservoir diagnostics and well performance capabilities.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 21, 2026 · How we verify