Weatherford Q2 net income falls 71% to $39 million; full-year outlook trimmed
Weatherford reported second-quarter 2026 revenue of $1,105 million, down 8% from a year earlier, and net income of $39 million, down 71% year-over-year. CEO Girish Saligram said the total-year outlook was slightly reduced because of Middle East disruption tied to the Iran conflict, though operating cash flow and adjusted free cash flow rose.
Key points
- Q2 revenue $1,105 million, down 4% sequentially and 8% year-over-year; net income $39 million, or $0.55 per diluted share, versus $1.87 a year earlier
- Operating cash flow $175 million and adjusted free cash flow $139 million, both up from the prior quarter and the prior year
- Full-year 2026 outlook slightly reduced; second-half margin contribution expected to rise from the first half
- Board declared a $0.275 per share dividend payable September 3, 2026; acquisition of NCS Multistage announced
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.