Weatherford International Plc · NASDAQ:WFRD
Weatherford International — Q3 2026 Earnings Presentation
37 slides from Weatherford International's earnings presentation, 2026
Slide 1: Q3'26 Investor Presentation
Q3’26 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: Q3'26 Financial Results - Highlights
Q3’26 FINANCIAL RESULTS - HIGHLIGHTS REVENUE NASDAQ: WFRD $1,143 million 3% Sqtly. ABOUT WEATHERFORD FINANCIAL HIGHLIGHTS 7% YoY ▪ 75 Countries & ~ 320 Locations ▪ Q3’26 Operating Cash Flow of $192M ▪ ~16,100 Team Members with ~105 ▪ Adj. Free Cash Flow* of $155M ADJ. EBITDA* Nationalities ▪ Net Inc
Slide 4: Capital Allocation
CAPITAL ALLOCATION 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 ▪ Quarterly Dividend ▪ $500M Share Repurchase ▪ Maintain ~$1B Liquidity ▪ Technology Investment to ▪ Strategic Advantage Increas
Slide 6: Q3'26 Segment Overview
Q3’26 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: Q3’26 Q3’26 Middle East Revenue ▪ Kuwait Oil Company awarded a five-yea
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: Q3’26 Europe Q3’26 Re
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: Q3’26 Q3’26 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
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 FIELD-PROVEN SCALE INVESTMENT CASE Across Unconventional Completions 1 Completes the well lifecycle Adds well completion technology spanning design, completion, 400,000+ 140,000+ Innovus stimulation treatments ZoneSelect frac sleeves run production optimizati
Slide 14: Acquisition of NCS Multistage - Value Proposition
Acquisition of NCS Multistage –Value Proposition MEASURE & OPTIMIZE MEASURE & OPTIMIZE INITIATE & ISOLATE R UN IN & A CCESS RUN IN & ACCESS NCS WFRD WFRD NCS WFRD Tracer Diagnostics ForeSite Sense ZoneSelect Open SlimStim ReFrac Xpress Liner Hole Packers Systems Hangers TOE HEEL WFRD NCS WFRD NCS NC
Slide 15: Acquisition of NCS Multistage - Integration Process
Acquisition of NCS Multistage - Integration Process 1 2 $15M+ annualized recurring cost synergies (+) Pre-Integration Planning Integration Execution Commercial synergies upside ▪ Set-up of Integration Management ▪ Unification of systems, processes Facilities consolidation Reduction of SG&A and footp
Slide 16: Our Strategic Priorities
Our Strategic Priorities ▪ Q3’26 Adj. FCF* conversion ratio at 61.0% FINANCIAL PERFORMANCE▪ Q3’26 ROIC* of 16.9% and ROA** of 7.6% ▪ NCS Integration: Driving synergy capture through disciplined execution to maximize integration value ▪ Completed the first deployment of 9 5/8-inch Optimax Downhole De
Slide 17: Redomestication to Delaware
Redomestication 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 access to ca
Slide 18: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE Weatherford International Plc 18
Slide 19: Consolidated Revenue Performance
Q3’26 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* Q3’26 Geography Revenue Change (%) Seq. (%) YoY (%) $1,400 21.8% 20.2% 22.2% 15% 14% 5% 0% $1,300 $1,200 (3%) (3%) (9%) $1,100 (16%) $1,232 $1,000 $1,105 $1,143 $900 NAM LAM MENA ESSR Q3'25 Q2'26 Q3'26 Revenue ($ million) Adj. EBI
Slide 20: Consolidated Financial Summary
Consolidated Financial Summary ($ in millions, except per share data) INCOME STATEMENT Q3’26 Δ Seq. Δ YoY Q3’26 commentaries: Services Revenue $699 3% (8%) Products Revenue $444 3% (6%) ▪ Revenue: 3% sequential increase in Total Revenues $1,143 3% (7%) Q3’26, primarily driven by higher activity Oper
Slide 21: Drilling & Evaluation
Q3’26 Drilling & Evaluation ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $331 $291 $346 14% (4%) Segment Adj. EBITDA $90 $58 $83 55% 8% Segment Adj. EBITDA margin (%) 27.2% 19.9% 24.0% 726 bps 320 bps Segment Revenue Commentary: • Sequential increase of 14%, primarily from higher MPD an
Slide 22: Well Construction & Completions
Q3’26 Well Construction & Completions ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $450 $433 $468 4% (4%) Segment Adj. EBITDA $100 $107 $125 (7%) (20%) Segment Adj. EBITDA margin (%) 22.2% 24.7% 26.7% (249 bps) (449 bps) Segment Revenue Commentary: • Sequential increase of 4%, primarily
Slide 23: Production & Intervention
Q3’26 Production & Intervention ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $314 $316 $326 (1%) (4%) Segment Adj. EBITDA $73 $70 $59 4% 24% Segment Adj. EBITDA margin (%) 23.2% 22.2% 18.1% 110 bps 515 bps Segment Revenue Commentary: • Sequential decline of 1%, primarily from lower inte
Slide 24: Cash & Capital Discipline: Q3'26
Cash & Capital Discipline: Q3’26 Disciplined Capex spends, while delivering on Adj. Free Cash Flow* Q3’26 Highlights ❖ Adj. NWC* as % of TTM revenue in Q3’26 improved vs. Q3’25 Adj. NWC*: $1,371 million Q3’26 Capex: $45 million Adj. FCF*: $155 million ❖ Net leverage of <0.5x supports EBITDA and FCF
Slide 25: Outlook
2026/Q4’26 Outlook 2026 Q4’26 REVENUES $4.68 - $4.73 Billion $1.28 - $1.33 Billion ADJUSTED $980 - $1,000 Million $270 - $290 Million EBITDA * ADJUSTED Adj. FCF conversion* in Adj. FCF* >$100 Million FREE CASH the high 40% range FLOW* *Non-GAAP – refer to the section titled Appendix Weatherford Inte
Slide 26: 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 27: Appendix
APPENDIX Weatherford International Plc 27
Slide 28: 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 29: Appendix A (2/2)
Appendix A (2/2) Non-GAAP Financial Measures Defined (Unaudited) Adjusted Net Working Capital as a Percentage of Revenue* - Adjusted net working capital as a percentage of revenue* is a non-GAAP measure that is calculated as adjusted net working capital divided by revenues for the trailing twelve mo
Slide 30: Appendix B
Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 9/30/26 6/30/26 9/30/25 Revenues $ 1,143 $ 1,105 $ 1,232 Net Income Attributable to Weatherford $ 120 $ 39 $ 81 Net Income Margin 10.5% 3.5% 6.6% Adjusted EBITDA* $ 254 $ 223 $ 269 Adjusted EBITDA Marg
Slide 31: Appendix C
Appendix C GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 Total Current Assets $ 3,409 $ 3,298 $ 3,275 $ 3,372 $ 3,476 Total Current Liabilities 1,675 1,407 1,418 1,537 1,678 Working Capital $ 1,734 $ 1,891 $ 1,857 $ 1
Slide 32: Appendix D
Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions 9/30/26 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 $ 264 $ 30 $ 31 $ 30 $ 126 $ 26 $
Slide 33: Appendix E
Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Trailing Twelve Months Ending 9/30/26 6/30/26 9/30/25 Numerator Net Income Attributable to Weatherford $ 405 $ 366 $ 405 Denominator Average Total Shareholders' Equity $ 1,780 $ 1,654 $ 1,462 Net Income Attributable
Slide 34: Appendix F
Appendix F Supplemental Financial Information (Unaudited) $ in Millions Trailing Twelve Months Ending 9/30/26 6/30/26 9/30/25 Numerator Net Income Attributable to Weatherford $ 405 $ 366 $ 405 Denominator Average Total Assets¹ $ 5,304 $ 5,122 $ 5,230 ROA (Return on Assets) 7.6% 7.1% 7.7% Weatherford
Slide 35: Appendix G
Appendix G Supplemental Financial Information (Unaudited) $ in Millions Quarters Ended Selected Balance Sheet Data 9/30/26 6/30/26 9/30/25 6/30/25 9/30/24 Total Assets $ 5,336 $ 5,102 $ 5,272 $ 5,141 $ 5,188 Current Portion of Long-term Debt 264 30 126 26 21 Long-term Debt 1,216 1,450 1,462 1,565 1,
Slide 36: Appendix H
Appendix H GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 9/30/26 6/30/26 9/30/25 Numerator Cash Flows Provided by Operating Activities $ 192 $ 175 $ 138 Denominator Revenues $ 1,143 $ 1,105 $ 1,232 Cash Flows Provided by Operating Activities/Revenues 16.8% 1
Slide 37: 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 37
Weatherford International — Q3 2026 Earnings Presentation on 6ix