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 (WFRD) will host a call on October 21, 2026, to discuss its third-quarter 2026 results. The call begins at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) and covers the quarter ended September 30, 2026. Weatherford plans to release the results before the call and upload presentation slides to the investor relations section of its website.
Weatherford (WFRD) shareholders approved all proposals required to redomesticate the company from Ireland to Delaware at a Board‑Convened Scheme Meeting and an Extraordinary General Meeting held in connection with the vote.
The company expects the new domicile to simplify its organizational, statutory, and regulatory structure and to better align its corporate framework with global operations, long-term strategy, and shareholder base. Weatherford estimates the redomestication will generate approximately $20 million to $30 million in annual cash savings beginning in 2027 and to support continued improvement in adjusted free cash flow conversion. The transaction remains subject to customary closing conditions, including final approval by the Irish High Court, and is expected to become effective during the fourth quarter of 2026.
Weatherford (NASDAQ: WFRD) announced the completion on September 1, 2026, of its previously disclosed acquisition of NCS Multistage Holdings, aimed at strengthening Weatherford’s completions portfolio and expanding reservoir diagnostics and well performance solutions. NCS Multistage common stock has ceased trading and will no longer be listed on NASDAQ.
According to Weatherford, NCS stockholders received either 0.554 Weatherford ordinary shares per NCS share or mixed consideration of 0.239 Weatherford shares plus cash equal to 0.137 Weatherford shares, subject to proration and adjustments. The combination is intended to enhance completions, diagnostics, and production optimization capabilities, accelerate global deployment of NCS technologies via Weatherford’s global footprint, and reinforce Weatherford’s position in North America while supporting a more agile operating model.
Weatherford (NASDAQ: WFRD) and NCS Multistage (NASDAQ: NCSM) announced that 5:00 p.m. ET on August 31, 2026 is the anticipated deadline for NCS Multistage stockholders to elect the form of merger consideration for the pending transaction.
According to the companies, NCS Multistage stockholders may choose either 0.554 Weatherford ordinary shares per NCS share, or a mix of 0.239 Weatherford shares plus cash equal to 0.137 Weatherford shares, with the mixed option subject to proration and certain limits and adjustments. Stockholders who elect, or default into, the all-share option will receive consideration not subject to proration. The deal has been approved by both boards and NCS Multistage’s controlling stockholder, remains subject to customary closing conditions, and is expected to close on or about September 1, 2026, after which the companies plan to combine.
Weatherford (NASDAQ: WFRD) reported second quarter 2026 revenue of $1,105 million, down 4% sequentially and 8% year-over-year. Operating income was $107 million, down 13% sequentially and 55% year-over-year, while net income was $39 million with a 3.5% margin, down 64% sequentially and 71% year-over-year.
Adjusted EBITDA was $223 million with a 20.2% margin, down 4% sequentially and 12% year-over-year. Operating cash flow rose to $175 million and adjusted free cash flow to $139 million, up 37% and 76% year-over-year, respectively. The company returned $36 million to shareholders in the quarter and $66 million in the first half of 2026.
Weatherford announced a stock-and-cash acquisition of NCS Multistage, targeting at least $15 million in cost synergies, and introduced an updated plan to redomesticate from Ireland to Delaware, which is expected, subject to approval, to generate $20–$30 million of annual cash savings beginning in 2027.
Weatherford (NASDAQ: WFRD) has called Special Shareholder Meetings for September 3, 2026 to vote on a proposed redomestication of the company from Ireland to Delaware. A definitive proxy statement has been filed with the SEC and distributed to shareholders.
The Board of Directors unanimously recommends voting FOR all redomestication-related proposals, which it believes will simplify organizational, statutory and regulatory structures and better support Weatherford’s long-term strategy. According to Weatherford, if the redomestication and related restructuring are completed in 2026, expected financial benefits are approximately $20 million–$30 million in annual cash savings beginning in 2027, supporting continued improvement in adjusted free cash flow conversion.
Approval requires shareholder votes at both a Scheme Meeting and an Extraordinary General Meeting, each needing its own proxy card. Prior voting instructions from the June 11, 2026 meetings will not count. Voting assistance is available through Weatherford’s proxy solicitor, Innisfree M&A Incorporated.
Weatherford (NASDAQ: WFRD) will host a conference call on Wednesday, July 22, 2026, at 8:30 a.m. Eastern Time to discuss second-quarter 2026 results for the period ended June 30, 2026.
Investors can join via live webcast or phone, with replay available until August 5, 2026.
Weatherford (NASDAQ: WFRD) reported results of its June 11, 2026 shareholder meetings. Shareholders representing about 89.78% of 71,933,662 shares voted. All routine AGM items, including director elections and KPMG ratification, were approved.
Redomestication proposals to move from Ireland to Texas received over 60% support but fell short of the required 75%. The company plans to bring an updated proposal to redomicile to Delaware, expecting only a modest timing delay and no impact on employees, customers, operations, or anticipated 2027+ financial and simplification outcomes, assuming completion.
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.