From The Motley Fool · Motley Fool Transcribing · · 2m
Weatherford Q3 2026 Earnings Report Highlights Growth
Weatherford reports 3% sequential revenue growth and 22.2% margin expansion despite Middle East volatility.
In brief
Weatherford reports 3% sequential revenue growth and 22.2% margin expansion despite Middle East volatility. Weatherford achieved $1.143 billion Q3 revenue with 22.2% Adjusted EBITDA margin, driven by North America and Latin America activity while managing Middle East headwinds. Originally reported by The Motley Fool.
Q3 Revenue
Weatherford reported $1,143 million revenue with 3% sequential growth driven by North America and Latin America activity.
Adjusted EBITDA Margin
Adjusted EBITDA reached $254 million at a 22.2% margin, expanding 204 basis points sequentially.
Free Cash Flow
Adjusted free cash flow of $155 million represents 61% conversion on Adjusted EBITDA versus 36.8% in Q3 2025.
Q4 Revenue Guidance
Q4 revenue expected to range from $1.28 billion to $1.33 billion, including full NCS acquisition contributions.
Latin America Revenue
Latin America revenue grew 14% sequentially with strong collections in Mexico and Caribbean growth.
DRE Segment Revenue
DRE segment revenue grew 14% sequentially supported by higher Managed Pressure Drilling capital sales.
NCS Cost Synergies
NCS acquisition expected to generate $15 million in cost synergies within 18 months of closing.
Redomestication Savings
Redomestication to Delaware projected to save $20 million to $30 million annually starting in 2027.
Gross Debt Redemption
Company redeemed $236 million in senior notes due 2030 to reduce gross leverage and interest expense.
Net Leverage
Net leverage decreased to 0.28 times with total net debt at $282 million.
North America Revenue
North America revenue increased 15% sequentially driven by higher completions activity in U.S. and Canada.
Middle East/North Africa/Asia Revenue
Middle East/North Africa/Asia revenue remained flat sequentially with growth in UAE and Oman offsetting lower activity in Iraq and Saudi Arabia.
Europe/Sub-Sahara Africa/Russia Revenue
Europe/Sub-Sahara Africa/Russia revenue declined 9% sequentially due to Norway labor strike and lower activity.
WCC Segment Revenue
WCC segment revenue grew 4% sequentially with higher liner hangers and completions activity.
PRI Segment Adjusted EBITDA
PRI segment Adjusted EBITDA increased 4% sequentially driven by higher international pressure pumping activity.
Venezuela Revenue Potential
Venezuela revenue potential projected at $100 million or higher for 2027 with activity ramping up.
The headline
Weatherford achieved $1.143 billion Q3 revenue with 22.2% Adjusted EBITDA margin, driven by North America and Latin America activity while managing Middle East headwinds.
