Weatherford International reported second-quarter 2026 revenue of US$1,105 million and net income of US$39 million, both lower than a year earlier. The company repurchased 3,166,136 shares for US$226.37 million under its 2024 buyback program. Weatherford also raised its free cash flow conversion guidance, proposed a Delaware redomestication, and announced the planned acquisition of NCS Multistage. The results highlight a focus on cash generation and capital returns amid softer international activity and pricing pressure.
NCS Multistage Holdings IncWeatherford plans to acquire NCS Multistage, which is likely to be at a premium and provides an exit for shareholders.
Weatherford International plcLower Q2 revenue and net income due to softer international activity and pricing pressure.