Welcome to our dedicated page for Weatherford news (Ticker: WFRD), a resource for investors and traders seeking the latest updates and insights on Weatherford stock.
Weatherford International plc reports developments in oilfield services and equipment for upstream oil and gas operators. News commonly covers managed pressure drilling systems, well construction and completions, production and intervention services, offshore contract awards, aftermarket support, and work in deepwater markets such as Brazil.
Company updates also include operating and financial results, cash flow, capital expenditures, dividends, share repurchases, and governance or shareholder-voting matters. Weatherford’s recurring announcements connect its drilling, evaluation, completions, and intervention technologies with customer activity across offshore and international oil and gas markets.
Weatherford (NASDAQ: WFRD) is asking shareholders to approve a redomestication from Ireland to the U.S., aligning its legal jurisdiction with its Texas headquarters. The company estimates $20–$30 million in annual cash savings from 2027 if completed in 2026 and views the move as key to achieving about 50% adjusted free cash flow conversion.
Weatherford cites benefits including a simplified structure, broader U.S. investor and lending base, easier M&A execution under a U.S. framework, and tax efficiencies. The transaction uses an Irish court-sanctioned Scheme of Arrangement. Management highlights over $1 billion of debt repaid since Q1 2024, a $500 million share repurchase program, and an increased annual dividend as part of its value-focused strategy, and urges shareholders to vote FOR the proposal.
Weatherford (NASDAQ: WFRD) agreed to acquire NCS Multistage (NASDAQ: NCSM), expanding its completions portfolio and unconventional resource exposure. NCS stockholders can elect all‑stock or mixed stock-and-cash consideration.
On a blended basis, consideration equals 0.463 WFRD shares per NCS share, with up to 19.99% in cash and at least $15 million of annual cost synergies targeted within 18 months, expected to be immediately accretive to adjusted free cash flow per share. Closing is expected in the second half of 2026, subject to customary approvals.
Weatherford (NASDAQ: WFRD) announced a deepwater integrated completions contract from Esso Exploration & Production Nigeria, an ExxonMobil affiliate, for offshore Nigeria.
The work, part of the Well Construction and Completions portfolio, covers integrated upper and lower completions, emphasizing safety, reliability, well integrity, and lifecycle operational efficiency, with global-sourced equipment supported locally in Nigeria.
Weatherford (NASDAQ: WFRD) released its 2025 Sustainability Report on May 14, 2026. The report outlines ongoing sustainability progress and the impact of related initiatives across operations.
Weatherford highlights sustainability as integral to how it operates, innovates, and supports long-term performance for customers and the wider energy industry.
Weatherford (NASDAQ: WFRD) was selected by Ventura Offshore to provide a complete managed pressure drilling (MPD) solution for the SSV Victoria rig in Brazil's Búzios Field on May 7, 2026. Weatherford will deliver its G3 Integrated Riser Joint (IRJ), turnkey rig preparation, system integration, and a long-term aftermarket maintenance package. The OEM-led scope covers delivery, installation, and ongoing support, with global engineering from Weatherford’s Managed Pressure Wells Center of Excellence in Houston and local field teams in Brazil.
Weatherford (NASDAQ: WFRD) won two multi‑year contracts with Constellation Oil Services to support offshore Brazil operations. One expands well intervention services on the Gold Star semisubmersible through December 2028; the other provides managed pressure drilling equipment and services for the Brava Star drillship from Q1 2027 through December 2030.
The work covers Campos, Espírito Santo basins and the Búzios Field, uses local teams and infrastructure, and represents the first integrated service model contracted directly through the rig.
Weatherford (NASDAQ: WFRD) was awarded multiple managed pressure drilling (MPD) contracts and a global aftermarket agreement with Noble Corporation on May 5, 2026.
The awards include delivery of two deepwater MPD systems for Noble’s Guyana operations (delivery expected before year-end) and an upgraded third-party MPD system being configured in Houston for deployment to Nigeria in Q3. The global aftermarket deal covers standardized lifecycle support, parts, and services across Noble’s fleet.
Weatherford (NASDAQ: WFRD) reported Q1 2026 revenue of $1,152 million (−3% YoY, −11% sequentially) and operating income of $123 million (−13% YoY). Net income rose 42% to $108 million with a 9.4% margin. Adjusted EBITDA was $233 million (20.2% margin, −8% YoY). Adjusted free cash flow was $85 million (+29% YoY). The company declared a $0.275 per share dividend payable June 4, 2026, returned $30 million to shareholders in Q1, and proposed redomestication to Texas, expected in Q3 2026 subject to approvals.
Weatherford (NASDAQ: WFRD) announced a proposal to redomesticate its parent company from Ireland to the United States, establishing Texas as its new legal domicile. The move is expected to complete in Q3 2026, subject to shareholder and customary approvals, and aims to simplify structure, increase capital access, and align governance.
The company said the change will not affect its global footprint or customer commitments and emphasizes continued operations from its Houston headquarters.
Weatherford (NASDAQ: WFRD) will host a first-quarter 2026 conference call on Wednesday, April 22, 2026 at 8:30 a.m. ET (7:30 a.m. CT) to discuss results for the quarter ended March 31, 2026. A press release and presentation slides will be issued before the call.
Investors can join via live webcast, register for phone access, or dial the provided U.S. and international numbers. A telephonic replay will be available through May 5, 2026 at 5:00 p.m. ET using conference number 5490297.