Weatherford Q3 net income $120 million, up 48% from a year ago; revenue down 7%
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%.
Key points
- 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
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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.