Weatherford International Plc · NASDAQ:WFRD
Weatherford International — Q1 2026 Earnings Presentation
33 slides from Weatherford International's earnings presentation, Apr 22, 2026
Slide 1: Q1'26 Investor Presentation
Q1’26 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: Q1'26 Financial Results - Highlights
Q1’26 FINANCIAL RESULTS - HIGHLIGHTS NASDAQ: WFRD ABOUT WEATHERFORD FINANCIAL HIGHLIGHTS REVENUE ▪ 75 Countries & ~ 300 Locations ▪ Q1’26 Operating Cash Flow of $136M ▪ ~16,200 Team Members with ~105 ▪ Adj. Free Cash Flow* of $85M 11% Sqtly. Nationalities ▪ Net Income of $108M & Basic Earnings $1,15
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: Q1'26 Segment Overview
Q1’26 SEGMENT OVERVIEW Weatherford International Plc 6
Slide 7: Drilling and Evaluation Operational & Technology Highlights: Q1'26
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: Q1’26 Q1’26 Europe Revenue Differentiated Position ▪ Almex Plus Firm LL
Slide 8: Well Construction and Completions Operational & Technology Highlights: Q1'26
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: Q1’26 Q1’26 Europe Re
Slide 9: Production and Intervention Operational & Technology Highlights: Q1'26
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: Q1’26 Q1’26 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: Our Strategic Priorities
Our Strategic Priorities ▪ Q1’26 Adj. FCF* conversion ratio at 36.5% FINANCIAL PERFORMANCE▪ Q1’26 ROIC* of 21.1% and ROA** of 9.1% ▪ In Saudi Arabia, Weatherford’s Rod Lift System successfully completed trial testing at the Jafurah Gas Field. The system effectively unloaded the well and sustained ga
Slide 14: Proposed Redomestication to Texas
ProposedRedomestication to Texas Strategic Rationale Enhance long-term shareholder value Ireland • Simplification of corporate and operational structure • Eliminating certain administrative and compliance burdens and costs Texas • Possibility of a larger U.S. shareholder base Current Company Headqua
Slide 15: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE Weatherford International Plc 15
Slide 16: Consolidated Revenue Performance
Q1’26 Consolidated Revenue Performance Revenue & Adj. EBITDA Margins* Q1’26 Geography Revenue Change (%) Seq. (%) YoY (%) 22.6% 20.2% 17% $1,500 21.2% $1,400 $1,300 (1%) (7%) (5%) $1,200 (12%) (12%) (10%) (14%) $1,100 $1,289 $1,193 $1,152 $1,000 $900 NAM LAM MENA ESSR Q1'25 Q4'25 Q1'26 Revenue ($ mi
Slide 17: Consolidated Financial Summary
Consolidated Financial Summary ($ in millions, except per share data) INCOME STATEMENT Q1’26 Δ Seq. Δ YoY Q1’26 commentaries: Services Revenue $711 (5%) (4%) Products Revenue $441 (19%) (2%) ▪ Revenue: 3% YoY decline in Q1’26, Total Revenues $1,152 (11%) (3%) primarily driven by lower activity in LA
Slide 18: Drilling & Evaluation
Q1’26 Drilling & Evaluation ($ in Millions) Q1’26 Q4’25 Q1’25 Seq (%) YoY (%) Revenue $321 $340 $350 (6%) (8%) Segment Adj. EBITDA $72 $83 $74 (13%) (3%) Segment Adj. EBITDA margin (%) 22.4% 24.4% 21.1% (198 bps) 129 bps Segment Revenue Commentary: • YoY decline of 8%, primarily from lower activity
Slide 19: Well Construction & Completions
Q1’26 Well Construction & Completions ($ in Millions) Q1’26 Q4'25 Q1’25 Seq (%) YoY (%) Revenue $443 $510 $441 (13%) - Segment Adj. EBITDA $110 $144 $128 (24%) (14%) Segment Adj. EBITDA margin (%) 24.8% 28.2% 29.0% (340 bps) (419 bps) Segment Revenue Commentary: • YoY largely flat, primarily from hi
Slide 20: Production & Intervention
Q1’26 Production & Intervention ($ in Millions) Q1’26 Q4'25 Q1’25 Seq (%) YoY (%) Revenue $296 $353 $334 (16%) (11%) Segment Adj. EBITDA $54 $73 $62 (26%) (13%) Segment Adj. EBITDA margin (%) 18.2% 20.7% 18.6% (244 bps) (32 bps) Segment Revenue Commentary: • YoY decline of 11%, primarily from the sa
Slide 21: Cash & Capital Discipline: Q1'26
Cash & Capital Discipline: Q1’26 Disciplined increase in Capex, while delivering on Adj. Free Cash Flow* Q1’26 Highlights ❖ Adj. NWC* as % of TTM revenue in Q1’26 improved vs. Q4’25 despite Adj. NWC*: $1,360 million Q1’26 Capex: $54 million Adj. FCF*: $85 million lower revenue base, supported by con
Slide 22: Outlook
2026/Q2’26 Outlook 2026 Q2’26 REVENUES $4.50 - $4.95 Billion $1.017 - $1.110 Billion ADJUSTED $945 - $1,075 Million $195 - 220 Million EBITDA * ADJUSTED Adj. FCF conversion* in Adj. FCF* in line with FREE CASH mid 40% range Q1’26 FLOW* *Non-GAAP – refer to the section titled Appendix Weatherford Int
Slide 23: 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 24: Appendix
APPENDIX Weatherford International Plc 24
Slide 25: 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 26: 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 27: Appendix B
Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Quarters Ended 3/31/26 12/31/25 3/31/25 Revenues $ 1,152 $ 1,289 $ 1,193 Net Income Attributable to Weatherford $ 108 $ 138 $ 76 Net Income Margin 9.4% 10.7% 6.4% Adjusted EBITDA* $ 233 $ 291 $ 253 Adjusted EBITDA Ma
Slide 28: Appendix C
Appendix C GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) Weatherford International Plc *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A 28
Slide 29: Appendix D
Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions 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 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 o
Slide 30: Appendix E
Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) Weatherford International Plc *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A 30
Slide 31: Appendix F
Appendix F Supplemental Financial Information (Unaudited) $ in Millions Trailing Twelve Months Ending 3/31/26 12/31/25 3/31/25 Numerator Net Income Attributable to Weatherford $ 463 $ 431 $ 470 Denominator Average Total Assets¹ $ 5,070 $ 5,178 $ 5,072 ROA (Return on Assets) 9.1% 8.3% 9.3% Weatherfor
Slide 32: Appendix G
Appendix G Supplemental Financial Information (Unaudited) Weatherford International Plc 32
Slide 33: 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 33
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