Weatherford Reports Q1 2026 Earnings Amid Operational Challenges
Weatherford (WFRD) reported Q1 2026 earnings with a 3% year-over-year revenue decline to $1.152 billion, primarily due to the divestiture of its Argentina pressure pumping business. The company also noted a 20.2% adjusted EBITDA margin, impacted by the Iran conflict and seasonal trends, while adjusted free cash flow reached $85 million. The earnings call highlighted ongoing operational disruptions in the Middle East, affecting logistics and project timelines.
Topics: adjusted EBITDA earnings freight delays logistics costs operational disruptions revenue decline