Weatherford International (WFRD)
NASDAQ:WFRD
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.94Last Year’s EPS
1.87Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally constructive and optimistic medium- to long-term outlook driven by strong cash generation, improved working capital, a healthy balance sheet, strategic contract wins and technical milestones. Near-term performance is constrained by Q1 seasonality and geopolitical disruptions in the Middle East that produced an estimated $30M–$50M H1 profit impact, higher freight/logistics costs, and weaker sequential revenue guidance for Q2. Management emphasized disciplined capital allocation, portfolio pruning, and confidence in a second-half ramp and robust 2027 prospects.Company Guidance
Solid Q1 Financial Performance
Revenue of $1.152 billion, adjusted EBITDA of $233 million (20.2% margin) and adjusted free cash flow of $85 million in Q1 2026.
Improving Cash Conversion and Collections
Adjusted free cash flow conversion was 36.5% in Q1 2026, up from 26.1% in Q1 2025, supported by very strong collections across geographies and continued progress on payments from the largest customer in Mexico.
Working Capital and Balance Sheet Strength
Adjusted net working capital was 27.9% of revenues in Q1 with a sequential improvement of ~100 basis points; cash and restricted cash of approximately $1.05 billion and net leverage well below 0.5x.
Return of Capital to Shareholders
Returned $30 million to shareholders in Q1 ( $20 million dividends, $10 million share repurchases) and have returned over $330 million in total since program inception; dividend was increased by 10% earlier in the year.
Operational and Technical Milestones
Completed AlphaV casing system deployment in the U.K. Liverpool Bay; set a global record for extended reach wireline logging (>29,000 ft measured depth) in Saudi Arabia; executed first rigless thru-tubing sand-control gravel-pack and trialed rod lift at Jafurah.
Key Contract Wins and Pipeline Momentum
Secured multiyear integrated conditions contract with TotalEnergies (Denmark), a 5-year TRS contract with Phu Quoc POC (Vietnam), and a multiyear artificial lift contract with Shell (Argentina); management expects noticeable second-half growth driven by contract awards and project start-ups.
Prudent Capital Allocation and Lower CapEx
Q1 CapEx was $54 million (4.7% of revenues), down ~$23 million versus Q1 2025; full-year CapEx expected in the 3%-5% of revenue range, with a shift toward IT/ERP spending and focus on high-ROIC investments.
Refinancing and Interest Savings
Delevered in 2025 and refinanced $1.2 billion of 2030 notes into 2033, reducing interest expense with an expected run-rate benefit of ~$35+ million versus 2025.
Strategic Redomestication Initiative
Proposed redomestication from Ireland to the United States (Texas) to simplify corporate structure, enhance capital management flexibility and support long-term shareholder value and tax optimization.
WFRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WFRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | $99.63 | $100.99 | +1.37% |
Feb 03, 2026 | $95.73 | $99.70 | +4.15% |
Oct 21, 2025 | $66.31 | $66.74 | +0.65% |
Jul 22, 2025 | $55.15 | $57.77 | +4.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Weatherford International (WFRD) report earnings?
Weatherford International (WFRD) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Weatherford International (WFRD) earnings time?
Weatherford International (WFRD) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WFRD EPS forecast?
WFRD EPS forecast for the fiscal quarter 2026 (Q2) is 0.94.
