Filing Flows › Weatherford International (WFRD) › Q1 2026
Weatherford International (WFRD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Weatherford International (WFRD) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), -3% from a year earlier and -11% from the quarter before. Operating margin was 10.7%, net earnings $108M (9.4% of revenue).
Weatherford International, Q1 2026: revenue $1.2B (-3% year over year), operating margin 10.7%, net earnings $108M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -11% | -3% |
| Operating profit | $123M | -38% | -13% |
| Net earnings | $108M | -22% | +42% |
| Operating cash flow | $136M | -49% | -4% |
| Free cash flow | $85.0M | — | +29% |
What changed
Revenue was $1.2B in Q1 2026, down 3% year over year and down 11% from the previous quarter. Services was the largest line at 62% of revenue. Services lost $0.03B year over year (down 4%), 73% of the total change.
Operating profit was $0.12B, a 10.7% margin (down 1.2 points year over year). Total costs fell 2% while revenue fell 3%. Net earnings were $0.11B, up 42% year over year. The effective tax rate was -3.8%.
Operating cash flow was $0.14B (down 4% year over year), 125% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. After capital Expenditures for Property, Plant and Equipment, net ($0.05B), adjusted free cash flow as the company reports it was $0.09B.
Questions
What was Weatherford International's revenue in the first quarter 2026?
Weatherford International (WFRD) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), -3% from a year earlier and -11% from the quarter before.
Was Weatherford International profitable in the first quarter 2026?
Operating profit was $123M (10.7% of revenue) and net earnings $108M.