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Weatherford International
(NASDAQ:WFRD)
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Rating:70Outperform
Price Target:
$92.00
â–²(3.74% Upside)
Action:Upgraded
Date:07/22/26
WFRD scores well primarily on improved financial performance and a positive earnings-call profile, highlighted by strong free cash flow generation, resilient margins, and low reported net leverage/liquidity strength. The main offsets are weak technical momentum (below key moving averages with negative MACD) and ongoing revenue softness/cyclical-geopolitical headwinds that could pressure results despite disciplined execution.
Positive Factors
Free cash flow generation
Sustained, high adjusted free cash flow and strong conversion give Weatherford durable financial flexibility. Over the medium term this cash generation supports deleveraging, disciplined 3%–5% capex, targeted shareholder returns and funding for strategic initiatives without heavy reliance on external financing.
Negative Factors
Multi-segment revenue declines
Revenue softness across multiple core segments signals demand weakness that can persist beyond a single quarter. If volume declines continue, fixed-cost absorption and operating leverage will suffer, pressuring margins and free cash flow and limiting the company's ability to accelerate deleveraging or fund growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained, high adjusted free cash flow and strong conversion give Weatherford durable financial flexibility. Over the medium term this cash generation supports deleveraging, disciplined 3%–5% capex, targeted shareholder returns and funding for strategic initiatives without heavy reliance on external financing.
Read all positive factors
Weatherford International (WFRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.29B
Dividend Yield1.2%
Average Volume (3M)1.57M
Price to Earnings (P/E)17.2
Beta (1Y)1.43
Revenue Growth-7.17%
EPS Growth-22.96%
CountryUS
Employees16,700
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)5.10
Shares Outstanding71,685,440
10 Day Avg. Volume1,806,594
30 Day Avg. Volume1,574,371
Financial Highlights & Ratios
PEG Ratio-0.94
Price to Book (P/B)3.33
Price to Sales (P/S)1.15
P/FCF Ratio12.56
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$119.67Price Target Upside34.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)5.3
Revenue Forecast (FY)$4.67B
Weatherford International Business Overview & Revenue Model
Company Description
Weatherford International plc is a prominent energy services enterprise that supplies an extensive range of equipment and specialized services on a global scale. The company supports the full lifecycle of oil, geothermal, and natural gas wells, co...
How the Company Makes Money
Weatherford makes money primarily by selling oilfield services and related products to oil and gas operators (and, in some cases, other service providers) under customer contracts tied to well construction, well completion, and ongoing production ...
Weatherford International Earnings Call Summary
Earnings Call Date:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and financial story despite meaningful near-term headwinds. Highlights include resilient margins (20.2%), very strong free cash flow generation (Q2 FCF $139M and 62.3% conversion), improved working capital, low net leverage (0.34x), strong liquidity ($1.7B), deliberate capital discipline (CapEx ~3.8% of revenue), contract wins across deepwater and offshore, and strategic M&A (NCS Multistage) with expected synergies. Offsetting these positives are revenue declines across multiple segments and regions (WCC -5% YoY, DRE -13% YoY, PRI -3% YoY), ongoing Middle East conflict impacts (activity suspensions, logistics cost pressures and an incremental profit hit incorporated into guidance), concluded Saudi LSTK revenue, and localized operational disruptions (Norway strike, Mexico timing uncertainty). Management maintained or modestly revised full-year guidance (adj. EBITDA midpoint ~1% lower versus April) while increasing confidence in free cash flow conversion, signaling disciplined execution. On balance the company appears to be navigating cyclical and geopolitical challenges effectively, preserving margins and balance sheet strength while positioning for recovery and growth.Positive Updates
Revenue and Profitability
Q2 2026 revenue of $1.105 billion with adjusted EBITDA of $223 million representing a 20.2% margin; management emphasized margins held resiliently (essentially flat vs Q1) despite geopolitical disruption.
Negative Updates
Revenue Headwinds in Key Regions
Activity declines in the Middle East, Indonesia, and Latin America (Mexico) weighed on revenue; management cited lower activity profile in MENA and wells deferred in Mexico affecting sequential performance.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Profitability
Q2 2026 revenue of $1.105 billion with adjusted EBITDA of $223 million representing a 20.2% margin; management emphasized margins held resiliently (essentially flat vs Q1) despite geopolitical disruption.
Read all positive updates
Company Guidance
Weatherford entered Q3 2026 with Q2 results of $1.105B revenue, $223M adjusted EBITDA (20.2% margin), $139M adjusted free cash flow (62.3% conversion; ~13% of revenue), adjusted net working capital at 27% of revenue (improved ~90 bps), CapEx $42M (3.8% of revenue), cash & restricted cash ~$1.14B, total liquidity ~$1.7B and net leverage ~0.34x. For Q3 the company expects revenue of $1.105B–$1.155B, adjusted EBITDA $235M–$265M and adjusted free cash flow >$100M, with Q3 EBITDA margins targeted to be at least 100 bps higher than Q2. Full‑year 2026 guidance is revenue $4.54B–$4.80B, adjusted EBITDA $951M–$1.046B, adjusted free cash flow conversion now expected in the mid‑to‑high‑40% range (up from prior outlook) and an effective tax rate in the low‑to‑mid‑20% range; management also noted FY EBITDA midpoint is only ~1% below April guidance, reiterated 3%–5% CapEx over the cycle, and flagged expected 2027 cash savings from redomestication of $20M–$30M and at least $15M of annual cost synergies from the NCS deal within 18 months.Weatherford International Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
77
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.78B | 4.92B | 5.51B | 5.13B | 4.33B | 3.65B |
| Gross Profit | 2.97B | 1.07B | 1.91B | 1.74B | 1.31B | 929.00M |
| EBITDA | 864.00M | 970.00M | 1.24B | 1.01B | 697.00M | 357.00M |
| Net Income | 366.00M | 431.00M | 506.00M | 417.00M | 26.00M | -450.00M |
Balance Sheet | ||||||
| Total Assets | 5.10B | 5.20B | 5.16B | 5.07B | 4.72B | 4.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.14B | 1.04B | 916.00M | 958.00M | 910.00M | 951.00M |
| Total Debt | 1.62B | 1.75B | 1.79B | 2.06B | 2.41B | 2.62B |
| Total Liabilities | 3.31B | 3.50B | 3.88B | 4.15B | 4.17B | 4.28B |
| Stockholders Equity | 1.79B | 1.70B | 1.28B | 924.00M | 535.00M | 472.00M |
Cash Flow | ||||||
| Free Cash Flow | 525.00M | 450.00M | 493.00M | 623.00M | 217.00M | 237.00M |
| Operating Cash Flow | 716.00M | 676.00M | 792.00M | 832.00M | 349.00M | 322.00M |
| Investing Cash Flow | -219.00M | -145.00M | -293.00M | -289.00M | -54.00M | -83.00M |
| Financing Cash Flow | -348.00M | -474.00M | -511.00M | -514.00M | -248.00M | -403.00M |
Weatherford International Technical Analysis
Positive
88.68
Price Trends
91.66
Negative
95.65
Negative
89.36
Negative
Market Momentum
-1.20
Negative
53.12
Neutral
51.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WFRD, the sentiment is Positive. The current price of 88.68 is above the 20-day moving average (MA) of 83.58, below the 50-day MA of 91.66, and below the 200-day MA of 89.36, indicating a neutral trend. The MACD of -1.20 indicates Negative momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 51.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WFRD.
Weatherford International Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $28.10B | 24.46 | 35.29% | 0.26% | 8.77% | 35.66% | |
70 Outperform | $6.29B | 17.21 | 21.52% | 1.18% | -7.17% | -22.96% | |
69 Neutral | $60.05B | 19.26 | 16.25% | 1.61% | 0.42% | 1.75% | |
68 Neutral | $73.60B | 23.84 | 11.84% | 2.21% | 2.34% | -29.38% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $26.87B | 16.87 | 15.08% | 2.04% | 0.63% | -10.50% | |
52 Neutral | $6.93B | 74.73 | 1.53% | 2.02% | -1.63% | -78.44% |
* Energy Sector Average
WFRD
Weatherford International
88.35
33.22
60.27%
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Weatherford International Corporate Events
Business Operations and StrategyShareholder Meetings
Weatherford Shareholders Reject Redomestication, Approve Routine Matters
Negative
Jun 11, 2026
On June 11, 2026, Weatherford International held a special court-convened shareholders’ meeting in Ireland followed by its 2026 annual general meeting, with more than 89% and 93% of eligible ordinary shares represented, respectively. Shareho...
M&A TransactionsPrivate Placements and Financing
Weatherford International to Acquire NCS Multistage via Merger
Positive
Jun 1, 2026
On May 31, 2026, Weatherford International plc agreed to acquire NCS Multistage Holdings, Inc. through a merger in which an indirect wholly owned subsidiary of Weatherford will be merged into NCS, leaving NCS as a wholly owned subsidiary. Target s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.