Weatherford International Plc · NASDAQ:WFRD
Weatherford International — Q4 2025 Earnings Presentation
41 slides from Weatherford International's earnings presentation, Feb 4, 2026
Slide 1: Q4'25 Investor Presentation
Q4’25 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: Q4'25 Financial Results - Highlights
Q4’25 FINANCIAL RESULTS - HIGHLIGHTS NASDAQ: WFRD ABOUT WEATHERFORD FINANCIAL HIGHLIGHTS ▪ 75 Countries & 305 Locations ▪ Q4’25 Operating Cash Flow of $268M REVENUE ▪ ~16,700 Team Members with ~105 ▪ Adj. Free Cash Flow* of $222M Nationalities ▪ Net Income of $138M & Basic Earnings 5% Sqtly. ▪ ~80%
Slide 4: Full Year 2025 Performance
Full Year 2025 Performance 2025 Performance Snapshot REVENUE ADJ. EBITDA* ADJ. EBITDA MARGIN* ADJ. FREE CASH FLOW* OPERATING INCOME NET INCOME $4,918M $1,067M 21.7% $466M $756M $431M Adj Free Cash Flow Conversion* 43.7% Key Highlights: Multi-year Progress: ▪ Revenue decline of 11% YoY primarily driv
Slide 5: Shareholder Return Update
SHAREHOLDER RETURN UPDATE Weatherford International Plc 5
Slide 6: 2025 Balance Sheet & Liquidity Update
2025BalanceSheet & Liquidity update • Expanded credit facility by $280 million with aggregate commitments of $1 billion with extension through 2030 ~$1.6 billion liquidity ~$1 billion cash balance Liquidity Expansion • Increased accordion feature, which could expand lender Unrestricted cash and Incl
Slide 7: 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 8: Q4'25 Segment Overview
Q4’25 SEGMENT OVERVIEW Weatherford International Plc 8
Slide 9: Drilling and Evaluation Operational & Technology Highlights: Q4'25
Drilling and Digitally Enabled Centro Real -Time Evaluation Well Construction Victus® Production and Intervention and Completions Centro Well Construction Offerings Intelligent MPD Planning and Optimization Platform Drilling Data Services OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q4'25 Q4'25 Europe Reven
Slide 10: Well Construction and Completions Operational & Technology Highlights: Q4'25
Well Construction Digitally Well Enabled Construction Vero®Production and Completions Automatedand Intervention Accuview® Real -time and Completions Offerings Connection Integrity Remote Support OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q4'25 Q4'25 Revenue Differentiated Position Middle East Other 7% Tub
Slide 11: Production and Intervention Operational & Technology Highlights: Q4'25
Production and Digitally Well Enabled Construction Weatherford and Completions Autonomous Production Cygnet® SCADA Platform and Intervention ® Flow: Hybrid Physical ForeSite Intervention Offerings Surveillance Program for Industrial Operations and Virtual Flow Measurement OPERATIONAL & TECHNOLOGY HI
Slide 12: Industrial Intelligence
Industrial Intelligence Transform Your Data From field to strategy, connect physical operations with digital execution. Built to scale across the enterprise and designed for every user—spanning field technicians to executives—Industrial Intelligence empowers smarter decisions where they matter most.
Slide 13: Strategic Priorities Update
STRATEGIC PRIORITIES UPDATE Weatherford International Plc 13
Slide 14: 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 15: Strategic Priorities 2025 Tactical Focus Areas Goal
STRATEGIC PRIORITIES 2025 TACTICAL FOCUS AREAS GOAL Financial Performance Net Working Capital Efficiency Customer Experience Sustainable Organizational Vitality Profitability Growth Vectors Positive LEAN Operations Free Cash Flow Structural Cost Creating The Future Weatherford International Plc 15
Slide 16: Our Strategic Priorities
Our Strategic Priorities ▪ 2025 Adj. FCF* conversion ratio at 43.7% FINANCIAL PERFORMANCE▪ 2025 ROIC* of 21.6% and ROA** of 8.3% ▪ In Suriname, Weatherford deployed Modus Managed Pressure Well Solution to mitigate drilling hazards and support CUSTOMER EXPERIENCE safe, efficient well construction in
Slide 17: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE Weatherford International Plc 17
Slide 18: Consolidated Revenue Performance Q4'25
Q4’25 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* Q4’25 Geography Revenue Change (%) Seq. (%) YoY (%) 24.3% 21.8% 22.6% 16% $1,500 2% 4% 3% 4% $1,400 $1,300 (5%) (2%) $1,200 $1,341 (21%) $1,100 $1,232 $1,289 $1,000 $900 NAM LAM MENA ESSR Q4'24 Q3'25 Q4'25 Revenue ($ million) Adj.
Slide 19: Consolidated Revenue Performance 2025
2025 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* 2025 Geography Revenue Change (%) YoY (%) $7,000 23.1% 25.1% 21.7% $6,000 $5,000 (0%) (6%) (3%) $4,000 $3,000 $5,135 $5,513 $4,918 $2,000 (36%) $1,000 NAM LAM MENA ESSR 2023 2024 2025 Revenue ($ million) Adj. EBITDA margins (%) 202
Slide 20: Consolidated Financial Summary
Consolidated Financial Summary ($ in millions, except per share data) INCOME STATEMENT Q4’25 Δ Seq. Δ YoY 2025 Δ YoY Q4’25 commentaries: Services Revenue $747 (2%) (6%) $2,980 (12%) Products Revenue $542 15% - $1,938 (9%) ▪ Revenue: 5% sequential increase in Total Revenues $1,289 5% (4%) $4,918 (11%
Slide 21: Drilling & Evaluation Q4'25
Q4’25 Drilling & Evaluation ($ in Millions) Q4'25 Q3’25 Q4’24 Seq (%) YoY (%) Revenue $340 $346 $398 (2%) (15%) Segment Adj. EBITDA $83 $83 $96 - (14%) Segment Adj. EBITDA margin (%) 24.4% 24.0% 24.1% 42 bps 29 bps Segment Revenue Commentary: • Sequential decline of 2%, primarily from lower Drilling
Slide 22: Drilling & Evaluation 2025
2025 Drilling & Evaluation ($ in Millions) 2025 2024 YoY (%) Revenue $1,371 $1,682 (18%) Segment Adj. EBITDA $309 $467 (34%) Segment Adj. EBITDA margin (%) 22.5% 27.8% (523 bps) Segment Revenue Commentary: • YoY decline of 18%, primarily due to lower activity in LAM Segment Adj. EBITDA Commentary: •
Slide 23: Well Construction & Completions Q4'25
Q4’25 Well Construction & Completions ($ in Millions) Q4'25 Q3’25 Q4’24 Seq (%) YoY (%) Revenue $510 $468 $505 9% 1% Segment Adj. EBITDA $144 $125 $148 15% (3%) Segment Adj. EBITDA margin (%) 28.2% 26.7% 29.3% 153 bps (107 bps) Segment Revenue Commentary: • Sequential growth of 9%, primarily from hi
Slide 24: Well Construction & Completions 2025
2025 Well Construction & Completions ($ in Millions) 2025 2024 YoY (%) Revenue $1,875 $1,976 (5%) Segment Adj. EBITDA $515 $564 (9%) Segment Adj. EBITDA margin (%) 27.5% 28.5% (108 bps) Segment Revenue Commentary: • YoY decline of 5%, primarily from lower Cementation Products and Completions activit
Slide 25: Production & Intervention Q4'25
Q4’25 Production & Intervention ($ in Millions) Q4'25 Q3’25 Q4’24 Seq (%) YoY (%) Revenue $353 $326 $364 8% (3%) Segment Adj. EBITDA $73 $59 $78 24% (6%) Segment Adj. EBITDA margin (%) 20.7% 18.1% 21.4% 258 bps (75 bps) Segment Revenue Commentary: • Sequential growth of 8%, primarily from higher Int
Slide 26: Production & Intervention 2025
2025 Production & Intervention ($ in Millions) 2025 2024 YoY (%) Revenue $1,340 $1,452 (8%) Segment Adj. EBITDA $257 $319 (19%) Segment Adj. EBITDA margin (%) 19.2% 22.0% (279 bps) Segment Revenue Commentary: • YoY decline of 8%, primarily due to lower ISDT activity and lower Pressure Pumping activi
Slide 27: Cash & Capital Discipline: Full Year 2025
Cash & Capital Discipline: Full Year 2025 Disciplined increase in Capex, while delivering on Adj. Free Cash Flow* 2025 Highlights ❖ Adj. NWC* as % of TTM revenue in 2025 was higher vs. 2024 primarily on Adj. NWC*: $1,420 million 2025 Capex: $226 million Adj. FCF*: $466 million account of lower reven
Slide 28: Outlook 2026/Q1'26
2026/Q1’26 Outlook 2026 Mid-point Q1’26 Mid-point REVENUES $4.60 - $5.05 Billion $4.825 Billion $1.125 - $1.165 Billion $1.145 Billion ADJUSTED EBITDA * $980 - $1,120 Million $1,050 Million $230 - 240 Million $235 Million ADJUSTED Adj. FCF conversion* in Adj. FCF* to be slightly FREE CASH low-to-mid
Slide 29: 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 30: Appendix
APPENDIX Weatherford International Plc 30
Slide 31: Appendix A (1/2): Non-GAAP Financial Measures Defined
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 It
Slide 32: Appendix A (2/2): Non-GAAP Financial Measures Defined
Appendix (2/2) A Non-GAAP Financial Measures Defined (Unaudited) Net Debt* - Net debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cas
Slide 33: Appendix B: GAAP to Non-GAAP Reconciled
Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended Year Ended 12/31/25 9/30/25 12/31/24 12/31/25 12/31/24 12/31/23 12/31/22 Revenues $ 1,289 $ 1,232 $ 1,341 $ 4,918 $ 5,513 $ 5,135 $ 4,331 Net Income Attributable to Weatherford $ 138 $ 81 $ 112 $ 431 $
Slide 34: Appendix C: GAAP to Non-GAAP Reconciled
Appendix C GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Year Ended 12/31/25 12/31/24 12/31/23 12/31/22 12/31/21 Total Current Assets $ 3,372 $ 3,402 $ 3,345 $ 3,043 $ 2,911 Total Current Liabilities 1,537 1,696 1,866 1,470 1,332 Working Capital $ 1,835 $ 1,706 $ 1,479 $ 1
Slide 35: Appendix D: GAAP to Non-GAAP Reconciled
Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions 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 12/31/22 9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21 Short-term Borrowings and Current Portion of Long-t
Slide 36: Appendix E: GAAP to Non-GAAP Reconciled
Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Trailing Twelve Months Ending 12/31/25 12/31/24 12/31/23 12/31/22 Numerator Net Income Attributable to Weatherford $ 431 $ 506 $ 417 $ 26 Denominator Average Total Shareholders' Equity $ 1,490 $ 1,103 $ 737 $ 524 Net
Slide 37: Appendix F: Supplemental Financial Information
Appendix F Supplemental Financial Information (Unaudited) $ in Millions Trailing Twelve Months Ending 12/31/25 12/31/24 12/31/23 12/31/22 Numerator Net Income Attributable to Weatherford $ 431 $ 506 $ 417 $ 26 Denominator Average Total Assets¹ $ 5,178 $ 5,114 $ 4,894 $ 4,747 ROA (Return on Assets) 8
Slide 38: Appendix G: Supplemental Financial Information
Appendix G Supplemental Financial Information (Unaudited) $ in Millions Years Ended Selected Balance Sheet Data 12/31/25 12/31/24 12/31/23 12/31/22 12/31/21 Total Assets $ 5,197 $ 5,159 $ 5,068 $ 4,720 $ 4,774 Current Portion of Long-term Debt 30 17 168 45 12 Long-term Debt 1,455 1,617 1,715 2,203 2
Slide 39: Appendix H: Supplemental Financial Information
Appendix H Supplemental Financial Information $ in Millions Years Ended 12/31/25 12/31/24 12/31/23 12/31/22 North America (a) $ 983 $ 1,046 $ 1,068 $ 1,104 International Revenue 3,935 4,467 4,067 3,227 Latin America 898 1,393 1,387 1,062 Middle East/North Africa/Asia 2,116 2,123 1,815 1,401 Europe/S
Slide 40: Appendix I: GAAP to Non-GAAP Reconciled
Appendix I GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Twelve Months Ending 12/31/25 12/31/24 12/31/23 12/31/22 Numerator Cash Flows Provided by Operating Activities $ 676 $ 792 $ 832 $ 349 Denominator Revenues $ 4,918 $ 5,513 $ 5,135 $ 4,331 Cash Flows Provided by Opera
Slide 41: 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 41
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