Weatherford International plc (WFRD) Earnings
Weatherford International plc is expected to report next earnings on July 21, 2026 (in NaN days), with a consensus EPS estimate of $0.92. WFRD has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +42.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $1.02 | $1.49 | +46.1% | $1.2B | +0.6% |
| Feb 3, 2026 | $1.42 | $1.91 | +34.5% | $1.3B | +12.8% |
| Oct 21, 2025 | $1.15 | $1.12 | -2.6% | $1.2B | -2.3% |
| Jul 22, 2025 | $0.97 | $1.87 | +92.8% | $1.2B | +3.0% |
| Apr 22, 2025 | $0.86 | $1.03 | +20.3% | $1.2B | +0.6% |
| Feb 5, 2025 | $1.80 | $1.50 | -16.7% | $1.3B | -1.8% |
| Oct 22, 2024 | $1.71 | $2.06 | +20.5% | $1.4B | -3.0% |
| Jul 23, 2024 | $1.74 | $1.66 | -4.6% | $1.4B | -4.3% |
| Jul 25, 2023 | $1.23 | $1.12 | -8.9% | $1.3B | +1.5% |
| Feb 7, 2023 | $0.72 | $0.99 | +37.5% | $1.2B | +4.0% |
| Oct 25, 2022 | $0.41 | $0.39 | -4.9% | $1.1B | +2.0% |
| Jul 27, 2022 | $-0.15 | $-0.11 | +26.7% | $1.1B | +6.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Girish started with an overview of financial and operational performance. He mentioned revenue decline driven by divestiture and seasonality, and highlighted new contract wins like with Total Energies, Foucault POC, and Shell. Operational highlights in PRI segment included casing system deployment, record Y-line work, and rod lift system trial. Anuj covered cash flow, working capital, balance sheet, liquidity, capital allocation, and guidance. He noted adjusted free cash flow of $85 million, improved working capital, and provided second quarter and full-year 2026 guidance. Girish addressed the macro backdrop, noting energy security shift and industry visibility. He also mentioned re-domestication from Ireland to the US and portfolio pruning.
Guidance
Second quarter 2026 revenues expected to be in the range of 1.017 billion to 1.110 billion and adjusted EBITDA between 195 million and 220 million. Adjusted free cash flow expected to be broadly in line with first quarter levels. Full-year 2026 revenues expected to be in the range of 4.5 billion to 4.95 billion and adjusted EBITDA in the range of $945 million to $1.075 billion. Adjusted free cash flow conversion expected to be in the mid-40% range, and effective tax rate expected to be in the low to mid-20% range for 2026.
Segment performance
WCC revenue is largely flat year-over-year, with higher liner hanger activity partly offsetting lower cement position products and TRS activity in MENA. DRE revenue declined 8% year-over-year, primarily from lower activity in Latin America, MENA, and North America, partly offset by higher wireline and drilling services activity in Europe. PRI revenue declined 11% year over year, mostly driven by the sale of the pressure pumping business in Argentina, partly offset by higher subsea intervention activity. Revenue for Q1 2026 was $1.152 billion, with adjusted EBITDA of $233 million at a 20.2% margin, and adjusted free cash flow of $85 million.
Risks & headwinds
The conflict in the Middle East led to delays, dropped drilling and work over activity, project suspensions, trade cost rise, logistical disruptions. These impacted revenue and margins, with expected more impact in second quarter if conflict prolonged. Also, supply chain and logistical issues related to the conflict and general market dynamics pose risks.
Analyst Q&A
Q: Dave Anderson from Barclays asked about structural shift and areas of excel.
A: Girish talked about energy security, service intensity, demand for replacement of strategic reserves.
Q: Scott Gruber from Citigroup asked about Middle East country impact.
A: Girish mentioned Oman normal, Kuwait disrupted, Iraq project suspension, Saudi and UAE offshore impact.
Q: James West from Milius Research asked about restarting operations.
A: Girish said process started, but normalization depends on ceasefire and storage.
Q: Saraba Pant from Bank of America asked about Mexico.
A: Girish said stable, Anuj talked about payment mechanism and collections.
Q: Doug Becker from Capital One asked about back half ramp.
A: Girish talked about contract wins, seasonality, and offshore plans.
Q: Derek Todd Hazer from Piper Sandler asked about Middle East impact quantification.
A: Girish talked about revenue cost split and dependency on conflict resolution.
Q: Jim Rolison from Raymond James asked about redomestication.
A: Anuj talked about simplifying structure, M&A and tax benefits.
Q: Philip Jungwirth from BMO asked about portfolio pruning.
A: Girish talked about divesting non-core businesses.
Q: Keith Mackey from RBC Capital Markets asked about 50% free cash flow target.
A: Anuj talked about margin, CapEx, cost optimization, and tax.
Q: Josh Silverstein from UBS asked about offshore growth.
A: Girish talked about MPD offerings and tailwinds.
Q: Adi Modak from Goldman Sachs asked about North American markets.
A: Girish talked about Canada, US offshore, and US land.
Q: Josh Jane from Daniel Energy Partners asked about global supply chain.
A: Girish talked about supply chain normalization and passing on costs