Weatherford International PLC

Weatherford International is an energy services company incorporated in Ireland and based in Houston. It sells equipment and services for the whole life of an oil or gas well: drilling, testing the rock, building and finishing the well, keeping it producing, and sealing it at the end. It works in about 75 countries from roughly 305 locations. Nearly all its customers are energy companies, from national oil companies to independent producers. Its main rivals are SLB, Halliburton, Baker Hughes and Expro Group.

Revenue for the year ended December 31, 2025 was $4.92 billion, split across three segments. Well Construction and Completions was the largest at 38.1%. It runs and connects pipe in wells and sells cementing gear, safety valves and packers (seals that isolate parts of a well). Drilling and Evaluation, at 27.9%, steers drill bits, controls well pressure, measures rock with tools lowered on a cable (called wireline) and supplies drilling fluids. Production and Intervention, at 27.2%, sells pumps that lift oil from wells without enough natural pressure, along with repair and plugging services and monitoring software.

Services brought in about 60.6% of that revenue and product sales 39.4%. Most sales came from outside North America: the Middle East, North Africa and Asia brought in 43%, North America 20%, Europe, Sub-Saharan Africa and Russia 18.7%, and Latin America 18.3%.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.14B, down 7.2% from a year earlier, and net income was $120.0M (+48.1%).
• For fiscal 2025, revenue was $4.92B (-10.8% year over year; +5.9% a year from FY2020 to FY2025) with a 8.8% net margin.

• Over FY2021–FY2025: $200.0M in buybacks and $108.0M in dividends.
• At least 1 consecutive annual increases: every fiscal year in the SEC data (FY2024–FY2025) shows an increase; the true streak may be longer.
• Dividends took 16.7% of earnings and 16% of free cash flow in the latest fiscal year.
• Shares outstanding changed +3.3% from Oct 20, 2021 to Oct 15, 2026.

Rank among 1514 US companies

Market value at each year end

Weatherford International’s market value went from $3.60B at the end of 2022 to $6.44B on Oct 28, 2026, up 79%; since the end of 2025 it is up 15%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 11 sales ($18.1M).

Large shareholders (13G filings)

ETFs with the most weight in WFRD

1. Money owed is concentrated in one customer. A large part of the money owed to Weatherford is tied to a single customer. If that customer cuts orders or runs into financial trouble, results and cash flow could suffer.
2. Most sales come from outside North America. Weatherford operates in about 75 countries, and the Middle East, North Africa and Asia alone brought in 43% of fiscal 2025 revenue. Unrest, armed conflict, sanctions or tariff changes could disrupt work or supplies.
3. Customer budgets swing with oil and gas prices. Weatherford earns money when oil and gas producers drill and maintain wells. When energy prices fall or borrowing gets costly, customers cut budgets. That can shrink Weatherford's sales and the prices it can charge.
4. Debt can limit flexibility. Weatherford had $1.48 billion of debt and $1.16 billion of cash as of September 30, 2026. Loan terms can restrict its plans, and debt payments take cash away from operations.
5. Accidents may not be fully covered. A well blowout, fire or spill can cause deaths, injuries and pollution. Contracts and insurance may not cover every loss, uninsured lawsuits could be costly, and insurance premiums may rise.
6. Shift away from fossil fuels. Climate rules and wider use of renewable energy and electric vehicles could reduce drilling for oil and gas. That could cut demand for Weatherford's services or force costly changes to how it operates.

• Oct 27, 2026 Other company announcement
• Oct 20, 2026 Quarterly results released
• Sep 4, 2026 Executive or board change
• Sep 3, 2026 Shareholder vote results; Other company announcement
• Sep 1, 2026 Other company announcement
• Jul 21, 2026 Quarterly results released
• Jun 11, 2026 Executive or board change; Shareholder vote results
• Jun 1, 2026 Unregistered sale of shares
• Apr 21, 2026 Quarterly results released
• Apr 2, 2026 Other company announcement

Weatherford has only a short dividend history. Payments began in fiscal 2024 at $0.50 per share and rose to $1.00 in fiscal 2025. The 10-K filed February 4, 2026 says the annual rate was raised to $1.10. Fiscal 2025 dividends used about 16.7% of earnings and 16% of free cash flow (cash left after capital spending). The yield was a modest 1.23% as of October 28, 2026. The company bought back $99 million of stock in fiscal 2024 and $101 million in fiscal 2025 under a $500 million three-year plan. Even so, the share count rose 3.3% from October 2021 to October 2026.

The price record covers about four years, so it misses the 2008 crisis, the 2020 COVID crash and the 2022 bear market. In that time the stock gained 92.12% in 2023 and lost 26.41% in 2024. At one point it sat 70.6% below its peak during the three years to October 28, 2026. A single stock carries more risk than a diversified fund.