Weatherford International Plc · NASDAQ:WFRD
Weatherford International — Q2 2026 Earnings Presentation
36 slides from Weatherford International's earnings presentation, 2026
Slide 1: Q2'26 Investor Presentation
Q2’26 INVESTOR PRESENTATION Weatherford International PLC Weatherford International Plc 1
Slide 2: Disclaimer
Disclaimer This presentation contains projections and forward-looking statements concerning, among other things, the Company’s quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, ROIC*, shareholder return program, capital allocation f
Slide 3: Q2'26 Financial Results Highlights
Q2’26 FINANCIAL RESULTS - HIGHLIGHTS NASDAQ: WFRD ABOUT WEATHERFORD FINANCIAL HIGHLIGHTS REVENUE ▪ 75 Countries & ~ 300 Locations ▪ Q2’26 Operating Cash Flow of $175M ▪ ~16,000 Team Members with ~105 ▪ Adj. Free Cash Flow* of $139M 4% Sqtly. Nationalities ▪ Net Income of $39M & Basic Earnings $1,105
Slide 4: Shareholder Return Update
SHAREHOLDER RETURN UPDATE Weatherford International Plc 4
Slide 5: Capital Allocation Framework
Capital Allocation Framework 1 2 BUSINESS 3 4 5 BALANCE SHEET INVESTMENT M&A DIVIDENDS BUYBACKS ▪ Through Cycle Resiliency ▪ Capex: 3-5% of Revenues ▪ Disciplined Approach ▪ On January 26, 2026, Board ▪ $500M Share Repurchase ▪ Maintain ~$1B Liquidity ▪ Technology Investment to ▪ Strategic Advantage
Slide 6: Q2'26 Segment Overview
Q2’26 SEGMENT OVERVIEW Weatherford International Plc 6
Slide 7: Drilling and Evaluation Operational & Technology Highlights
Drilling and Digitally Enabled Centro Real-Time Evaluation Well Construction Real-Time and Completions Production and Intervention Offerings Operating Centers Data Services for Drilling & MPD OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q2’26 Q2’26 Revenue Africa Differentiated Position Other 6% ▪ Noble Cor
Slide 8: Well Construction and Completions Operational & Technology Highlights
Well Construction Digitally Well Enabled Construction SENSE: and Completions Real and Intervention Real-Time -time Downhole Production Vero® Automated and Completions Offerings Intelligence and Insights Operating Centers Connection Integrity OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q2’26 Q2’26 North Ame
Slide 9: Production and Intervention Operational & Technology Highlights
Production and Digitally Well Enabled Construction ® Real-time Accuview and Completions Production Cygnet® SCADA Platform and Intervention ® Subsea Red Eye Intervention Offerings Remote Support for Industrial Operations Water Cut Meters OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q2’26 Q2’26 Revenue Differ
Slide 10: Strategic Priorities Update
STRATEGIC PRIORITIES UPDATE Weatherford International Plc 10
Slide 11: Our Mission, Our Vision
Our Mission Producing energy for today and tomorrow. Our Vision As a global leader in energy services, operators trust Weatherford to drive maximum value, streamline operations, and enhance safety. In partnership with our customers, we are committed to producing innovative energy solutions that are
Slide 12: Strategic Priorities 2026 Tactical Focus Areas Goal
STRATEGIC PRIORITIES 2026 TACTICAL FOCUS AREAS GOAL Financial Performance People Customer Experience Portfolio Sustainable Organizational Vitality Profitability Partnerships Positive LEAN Operations Free Cash Flow Performance Creating The Future Weatherford International Plc 12
Slide 13: Acquisition of NCS Multistage - Overview
Acquisition of NCS Multistage - Overview Transaction Overview Strategic Rationale ❖ NCS stockholders to receive either Weatherford common stock or a combination of Weatherford common stock and cash 1 Completes the well lifecycle ▪ Weatherford common stock only: 0.554 Weatherford shares Adds well com
Slide 14: Acquisition of NCS Multistage - Value Proposition
Acquisition of NCS Multistage –Value Proposition RUN IN & ACCESS MEASURE & OPTIMIZE MEASURE & OPTIMIZE WFRD NCS WFRD WFRD NCS Xpress Liner Hangers SlimStim ReFrac ZoneSelect Open Hole ForeSite Sense Tracer Diagnostics Systems Packers TOE HEEL NCS NCS WFRD NCS WFRD AirLock Casing Repeat Precision Fra
Slide 15: Our Strategic Priorities
Our Strategic Priorities ▪ Q2’26 Adj. FCF* conversion ratio at 62.3% FINANCIAL PERFORMANCE▪ Q2’26 ROIC* of 16.8% and ROA** of 7.1% ▪ In the UAE, recognized as the “Best Liner Hanger Supplier and Services Provider” with 100+ liner deployments CUSTOMER EXPERIENCE ▪ In Kuwait, received Excellence Award
Slide 16: Proposed Redomestication to Delaware
ProposedRedomestication to Delaware Strategic Rationale Enhance long-term shareholder value • Simplification of corporate and operational structure Ireland • Eliminating certain administrative and compliance burdens • Possibility of a larger U.S. shareholder and lending base Delaware • Improved acce
Slide 17: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE Weatherford International Plc 17
Slide 18: Consolidated Revenue Performance
Q2’26 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* Q2’26 Geography Revenue Change (%) Seq. (%) YoY (%) $1,500 21.1% 20.2% 20.2% 10% 5% $1,400 1% $1,300 (7%) (6%) $1,200 (15%) (12%) (15%) $1,100 $1,204 $1,152 $1,000 $1,105 $900 NAM LAM MENA ESSR Q2'25 Q1'26 Q2'26 Revenue ($ million
Slide 19: Consolidated Financial Summary
Consolidated Financial Summary ($ in millions, except per share data) INCOME STATEMENT Q2’26 Δ Seq. Δ YoY Q2’26 commentaries: Services Revenue $676 (5%) (8%) Products Revenue $429 (3%) (9%) ▪ Revenue: 4% sequential decline in Total Revenues $1,105 (4%) (8%) Q2’26, primarily driven by lower activity
Slide 20: Drilling & Evaluation
Q2’26 Drilling & Evaluation ($ in Millions) Q2’26 Q1’26 Q2’25 Seq (%) YoY (%) Revenue $291 $321 $335 (9%) (13%) Segment Adj. EBITDA $58 $72 $69 (19%) (16%) Segment Adj. EBITDA margin (%) 19.9% 22.4% 20.6% (250 bps) (67 bps) Segment Revenue Commentary: • Sequential decline of 9%, primarily from lower
Slide 21: Well Construction & Completions
Q2’26 Well Construction & Completions ($ in Millions) Q2’26 Q1’26 Q2’25 Seq (%) YoY (%) Revenue $433 $443 $456 (2%) (5%) Segment Adj. EBITDA $107 $110 $118 (3%) (9%) Segment Adj. EBITDA margin (%) 24.7% 24.8% 25.9% (12 bps) (117 bps) Segment Revenue Commentary: • Sequential decline of 2%, primarily
Slide 22: Production & Intervention
Q2’26 Production & Intervention ($ in Millions) Q2’26 Q1’26 Q2’25 Seq (%) YoY (%) Revenue $316 $296 $327 7% (3%) Segment Adj. EBITDA $70 $54 $63 30% 11% Segment Adj. EBITDA margin (%) 22.2% 18.2% 19.3% 391 bps 289 bps Segment Revenue Commentary: • Sequential growth of 7%, primarily from higher inter
Slide 23: Cash & Capital Discipline: Q2'26
Cash & Capital Discipline: Q2’26 Disciplined Capex spends, while delivering on Adj. Free Cash Flow* Q2’26 Highlights ❖ Adj. NWC* as % of TTM revenue in Q2’26 improved vs. Q1’26 despite Adj. NWC*: $1,290 million Q2’26 Capex: $42 million Adj. FCF*: $139 million lower revenue base, supported by continu
Slide 24: Outlook
2026/Q3’26 Outlook 2026 Q3’26 REVENUES $4.54 - $4.80 Billion $1.105- $1.155 Billion ADJUSTED $951 - $1,046 Million $235 - $265 Million EBITDA * ADJUSTED Adj. FCF conversion* in Adj. FCF* >$100 Million FREE CASH mid-to-high 40% range FLOW* *Non-GAAP – refer to the section titled Appendix Weatherford
Slide 25: Why Invest in Weatherford
WHY INVEST IN WEATHERFORD 1 Differentiated suite of products and services with leading technologies across the portfolio 2 International and offshore relative stability and resilience LONG-TERM SHAREHOLDER 3 Top-tier operational and financial performance VALUE CREATION 4 Strategy towards asset light
Slide 26: Appendix
APPENDIX Weatherford International Plc 26
Slide 27: Appendix A (1/2)
Appendix A (1/2) Non-GAAP Financial Measures Defined (Unaudited) We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and I
Slide 28: Appendix A (2/2)
Appendix A (2/2) Non-GAAP Financial Measures Defined (Unaudited) ROIC (Return on Invested Capital)* - ROIC* is a non-GAAP measure calculated by taking operating income less income taxes for the trailing 12 months as the numerator, divided by the sum of the average for current and long-term debt and
Slide 29: Appendix B
Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 6/30/26 3/31/26 6/30/25 Revenues $ 1,105 $ 1,152 $ 1,204 Net Income Attributable to Weatherford $ 39 $ 108 $ 136 Net Income Margin 3.5% 9.4% 11.3% Adjusted EBITDA* $ 223 $ 233 $ 254 Adjusted EBITDA Mar
Slide 30: Appendix C
Appendix C GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 Total Current Assets $ 3,298 $ 3,275 $ 3,372 $ 3,476 $ 3,328 Total Current Liabilities 1,407 1,418 1,537 1,678 1,503 Working Capital $ 1,891 $ 1,857 $ 1,835 $ 1
Slide 31: Appendix D
Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 Short-term Borrowings and Current Portion of Long-term Debt $ 30 $ 31 30 $ 126 $ 26 22 $ 17 $ 21 $ 20
Slide 32: Appendix E
Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Trailing Twelve Months Ending 6/30/26 3/31/26 6/30/25 Numerator Net Income Attributable to Weatherford $ 366 $ 463 $ 481 Denominator Average Total Shareholders' Equity $ 1,654 $ 1,560 $ 1,380 Net Income Attributable
Slide 33: Appendix F
Appendix F Supplemental Financial Information (Unaudited) $ in Millions Trailing Twelve Months Ending 6/30/26 3/31/26 6/30/25 Numerator Net Income Attributable to Weatherford $ 366 $ 463 $ 481 Denominator Average Total Assets¹ $ 5,122 $ 5,070 $ 5,126 ROA (Return on Assets) 7.1% 9.1% 9.4% Weatherford
Slide 34: Appendix G
Appendix G Supplemental Financial Information (Unaudited) $ in Millions Quarters Ended Selected Balance Sheet Data 6/30/26 3/31/26 6/30/25 3/31/25 6/30/24 Total Assets $ 5,102 $ 5,085 $ 5,141 $ 5,054 $ 5,111 Current Portion of Long-term Debt 30 31 26 22 20 Long-term Debt 1,450 1,453 1,565 1,583 1,62
Slide 35: Appendix H
Appendix H GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 6/30/26 3/31/26 6/30/25 Numerator Cash Flows Provided by Operating Activities $ 175 $ 136 $ 128 Denominator Revenues $ 1,105 $ 1,152 $ 1,204 Cash Flows Provided by Operating Activites/Revenues 15.8% 11
Slide 36: Thank You
THANK YOU Weatherford.com FOR FURTHER Linkedin.com/Company/Weatherford COMPANY INFORMATION Facebook.com/Weatherford WE INVITE YOU TO VISIT @WeatherfordCorp YouTube.com/Weatherford @WeatherfordCorp Weatherford International Plc 36
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