Weatherford International (WFRD) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Weatherford International published the results on October 20, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Weatherford completed its acquisition of NCS Multistage Holdings on September 1, 2026, so Q3 2026 includes about one month of NCS results.
• Net income and EPS are attributable to Weatherford, after $5 million of net income attributable to noncontrolling interests in Q3 2026.
• Q3 2026 income tax expense was $4 million, against $52 million a year earlier, mainly because of a $56 million valuation allowance release.

Source: Weatherford Q3 2026 results, October 20, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Weatherford International splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Weatherford International's Well Construction and Completions revenue was $450 million in Q3 2026, down 4% from $468 million in Q3 2025, 39% of total revenue.
• Weatherford International's Drilling and Evaluation revenue was $331 million in Q3 2026, down 4% from $346 million in Q3 2025, 29% of total revenue.
• Weatherford International's Production and Intervention revenue was $314 million in Q3 2026, down 4% from $326 million in Q3 2025, 27% of total revenue.
• Weatherford International's All Other revenue was $48.0 million in Q3 2026, down 48% from $92.0 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The release gives no numeric revenue or EBITDA range for Q4 2026. Weatherford said it raised its full-year adjusted free cash flow guidance but did not print the new figure in the release.

In its Q3 2026 release (Girish Saligram, President and Chief Executive Officer), Weatherford International said:

“While the recent events in the Middle East have dampened expectations of a quick recovery, we still see a meaningful ramp in adjusted EBITDA”

“The redemption is expected to be funded using cash on hand and is expected to reduce annualized cash interest expense by approximately $20 million.”

Source: Weatherford Q3 2026 release, Oct 20, 2026.

This is the company's own guidance as of Oct 20, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the WFRD forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted income per share attributable to Weatherford, each as first reported in that quarter's release.

We do not hold a confirmed date for Weatherford International's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 20, 2026

Weatherford International reports revenue in three segments plus an All Other line. In Q3 2026 Well Construction and Completions brought in $450 million of the $1,143 million total, Drilling and Evaluation $331 million and Production and Intervention $314 million. All Other, which holds non-core activities including integrated services and projects, fell to $48 million from $92 million a year earlier. (Weatherford Q3 2026 release, Oct 20, 2026)

Weatherford's 10-Q lists what each segment sells. Drilling and Evaluation covers managed pressure drilling, drilling services, wireline and drilling fluids. Well Construction and Completions covers tubular running services, cementation products, completions, liner hangers and well services. Production and Intervention covers intervention services and drilling tools, artificial lift, digital solutions, sub-sea intervention and pressure pumping in select markets. By type, services were $699 million of Q3 2026 revenue and products $444 million. (Weatherford Form 10-Q, Q3 2026, Oct 21, 2026)

Most of Weatherford's revenue is earned outside North America: international revenue was $907 million in Q3 2026, down 8% from $989 million, and North America $236 million. Middle East/North Africa/Asia, the largest region at $447 million, fell 16% from $533 million, which Weatherford put down to subdued activity on account of heightened geopolitical tensions; the 10-Q ties the decline to the Iran Conflict. Latin America rose 5% to $225 million. Russia was 8% of total revenue in the quarter. (Weatherford Q3 2026 release, Oct 20, 2026; Weatherford Form 10-Q, Q3 2026, Oct 21, 2026)

Each of Weatherford's three segments was down 4% from a year earlier. Drilling and Evaluation rose 14% sequentially on higher MPD and Drilling Services activity in Latin America and higher MPD and Wireline activity in the Middle East/North Africa/Asia. Well Construction and Completions rose 4% sequentially on higher Completions activity in North America and higher Liner Hangers activity in the Middle East/North Africa/Asia. Production and Intervention slipped 1% sequentially on lower international Pressure Pumping activity. (Weatherford Q3 2026 release, Oct 20, 2026)

Weatherford closed its purchase of NCS Multistage Holdings on September 1, 2026 for total consideration of $128 million, including $13 million in cash net of cash acquired and 1.0 million ordinary shares valued at $101 million. Collections remain concentrated in Mexico: net receivables there were 19% of Weatherford's total at September 30, 2026, and its largest customer in the country accounted for 14%. (Weatherford Form 10-Q, Q3 2026, Oct 21, 2026)

Weatherford reports one EPS figure, GAAP diluted income per share, which was $1.66 in Q3 2026 against $1.12 a year earlier. Its main non-GAAP measure is adjusted EBITDA, $254 million at a 22.2% margin, which excludes share-based compensation of $15 million, restructuring charges of $6 million, redomestication costs of $6 million and other charges of $4 million, mainly merger and acquisition costs. (Weatherford Q3 2026 release, Oct 20, 2026)

Taxes explain much of Weatherford's EPS rise. Income before income taxes fell to $129 million from $139 million, but tax expense dropped to $4 million from $52 million, primarily because of the release of a valuation allowance of $56 million in the third quarter of 2026. Operating income was $153 million, down from $178 million. (Weatherford Q3 2026 release, Oct 20, 2026; Weatherford Form 10-Q, Q3 2026, Oct 21, 2026)

Weatherford's diluted weighted average share count was 72.2 million in Q3 2026, the same as a year earlier. It repurchased shares for $28 million and paid dividends of $19 million in the quarter, and about $246 million remained under its $500 million repurchase program running through June 2027. The NCS deal added 1.0 million ordinary shares. (Weatherford Q3 2026 release, Oct 20, 2026; Weatherford Form 10-Q, Q3 2026, Oct 21, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Weatherford does not print a numeric revenue or EBITDA range for Q4 2026 in its release. Its CEO said Middle East events had dampened expectations of a quick recovery, that Weatherford still sees a meaningful ramp in adjusted EBITDA in the fourth quarter, and that it was increasing its full-year adjusted free cash flow guidance again, without stating the new figure in the release. (Weatherford Q3 2026 release, Oct 20, 2026)

Two items in the release bear on future cash flow. Weatherford issued notice on October 20, 2026 to redeem its $236 million of 8.625% Senior Notes due 2030, which it expects to cut annualized cash interest expense by approximately $20 million. It also expects the redomestication from Ireland to Delaware to save $20 million to $30 million in cash a year beginning in 2027, subject to sanction by the Irish High Court. (Weatherford Q3 2026 release, Oct 20, 2026)

A consensus figure is the average of the models published by the analysts who cover Weatherford International, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Weatherford International's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning WFRD is on is WFRD a buy or a sell?, what analysts expect next is on the WFRD forecast, and what the company does is on the Weatherford International (WFRD) stock page.

Every number on this page can be traced to a document Weatherford International published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.