Oct 27, 7:30 AM ET
Weatherford's shares passed a High Court of Ireland approval on October 27, 2026, clearing the scheme of arrangement to move its legal domicile to Delaware. The company plans to complete the change on November 13, 2026, with Weatherford International Corp becoming the publicly traded parent, and it says operations, management, strategy and headquarters will not change. The company also expects a positive non-cash change to its fourth-quarter 2026 income tax provision of an estimated $250 million to $300 million.
- High Court of Ireland approved the scheme of arrangement on October 27, 2026.
- Redomestication is planned for November 13, 2026, subject to customary closing conditions.
- Weatherford International Corp, a Delaware corporation, will become the parent; shares expected to keep trading on Nasdaq as WFRD.
- Expected positive non-cash change to fourth-quarter 2026 income tax provision, currently estimated at $250 million to $300 million.
Read the filing on SEC.gov ↗
Oct 20, 4:30 PM ET
Weatherford reported third quarter 2026 revenue of $1,143 million, up 3% from the second quarter but down 7% from a year earlier. Net income attributable to Weatherford was $120 million, or $1.66 per diluted share, compared with $1.12 per diluted share in the third quarter of 2025, and adjusted EBITDA was $254 million. The company said conflict-related disruptions in the Middle East weighed on activity, and year-over-year operating income fell 14%.
- Revenue of $1,143 million: up 3% sequentially, down 7% year-over-year
- Net income of $120 million; diluted income per share of $1.66, versus $1.12 a year earlier
- Adjusted EBITDA of $254 million with a 22.2% margin; adjusted free cash flow of $155 million
- Notice to redeem all $236 million of 8.625% Senior Notes due 2030 on October 30, 2026; quarterly dividend of $0.275 per share payable December 3, 2026
Read the filing on SEC.gov ↗
Oct 20, 4:14 PM ET
Weatherford issued a notice to redeem all of its 8.625% Senior Notes due 2030, totaling $236 million in principal, at 100% of principal plus accrued interest. The redemption date is October 30, 2026, and the company expects to fund it with cash on hand. The filing is a debt repayment and does not report any change in earnings or guidance.
- Notes to be redeemed: 8.625% Senior Notes due 2030, aggregate principal $236 million
- Redemption price: 100% of principal plus accrued and unpaid interest
- Redemption date: October 30, 2026; funding expected from cash on hand
Read the filing on SEC.gov ↗
Sep 4, 4:34 PM ET
Weatherford International said its Senior Vice President and Chief Accounting Officer, Desmond Mills, will resign effective October 16, 2026, to pursue another opportunity. Maximiliano Kricorian, the company's current Senior Vice President and Treasurer, will take over the chief accounting officer role when Mills leaves, which gives shareholders a known successor from inside the finance team.
- Desmond Mills notified Weatherford of his resignation on September 2, 2026; it takes effect October 16, 2026.
- Mills is leaving to pursue another opportunity, according to the filing.
- Maximiliano Kricorian, 50, becomes Senior Vice President and Chief Accounting Officer effective on Mills' departure date.
- Kricorian has been with Weatherford for over 13 years and has been Senior Vice President and Treasurer since January 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.