Weatherford International plc 8K

Weatherford International plc announced Q1 2026 results and a planned redomestication of its corporate domicile from Ireland to Texas, USA, alongside noting geopolitical disruptions and continued shareholder returns.

On April 21, 2026, Weatherford International plc reported its first quarter 2026 financial results, highlighting revenue of $1,152 million (down 3% year-over-year), operating income of $123 million (down 13% year-over-year), and net income of $108 million (up 42% year-over-year) with a 9.4% margin, along with adjusted EBITDA of $233 million and adjusted free cash flow of $85 million, while also disclosing operational disruptions in the Middle East due to the Iran conflict that are expected to soften second-quarter performance, continued shareholder returns of $30 million in dividends and repurchases, numerous new international contracts, and a significant corporate initiative to reorganize its structure by redomesticating from Ireland to the United States with Texas as its new legal home, targeted for completion in the third quarter of 2026 pending shareholder and other customary approvals.

Filing Facts

CIK

1603923

Ticker

-

Form

8K

Source Type

sec

Accession

0001603923-26-000041

Alert Tier

7