Weatherford posts Q3 2026 earnings, completes NCS Multistage acquisition and redeems senior notes
Weatherford International reported third‑quarter 2026 revenue of $1.143 billion, a 3% sequential increase, and net income of $120 million, up 208% sequentially. The company closed its acquisition of NCS Multistage Holdings and received shareholder approval to move its corporate domicile to Delaware, which is expected to save $20 million‑$30 million a year beginning in 2027. It also issued a notice to redeem $236 million of 8.625% senior notes due 2030.
Why it matters
The redemption of the senior notes reduces future interest expense and improves Weatherford's leverage profile, which may enhance its credit metrics and free cash flow generation. The anticipated $20 million‑$30 million of annual cash savings from the Delaware redomestication could further boost cash flow and support dividend or buyback capacity.
Key facts
- 1Third‑quarter revenue was $1,143 million, a 3% sequential increase. stocktitan.net
- 2Operating income for the quarter was $153 million, up 43% sequentially. stocktitan.net
- 3Net income reached $120 million, a 208% sequential rise. stocktitan.net
- 4Adjusted EBITDA was $254 million, a 14% sequential increase, with a margin of 22.2%. sec.gov
- 5The company completed the acquisition of NCS Multistage Holdings in a stock‑and‑cash transaction. stocktitan.net
- 6Shareholders approved redomestication to Delaware, projected to generate $20 million‑$30 million of annual cash savings starting in 2027. stocktitan.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.