StreetInsider.com News Articles

Weatherford Announces Redemption of 8.625% Senior Notes Due 2030

Fri, 30 Oct 2026 08:30:00 -0400

HOUSTON, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced the redemption of all $236 million aggregate principal amount outstanding of its 8.625% Senior Notes due 2030 (the “2030 Notes”). The notes are being redeemed at 100% of their principal amount, plus accrued and unpaid interest, using cash on hand.

The redemption further optimizes Weatherford’s capital structure, reduces Weatherford’s gross debt by $236 million, and is expected to reduce annualized cash interest expense by approximately $20 million. Following the redemption, none of Weatherford’s current outstanding debt is

Weatherford Announces Redemption of 8.625% Senior Notes Due 2030

Fri, 30 Oct 2026 08:30:00 -0400

Weatherford Supports Eni’s Junín 5 Integrated Drilling and Completion Campaign in Venezuela

Wed, 28 Oct 2026 13:15:00 -0400

HOUSTON, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced its support of Eni’s Junín-5 development in Venezuela, providing integrated services and technologies to support the field’s workover and drilling campaign.

Weatherford will provide an integrated portfolio of services and technologies across the well lifecycle, leveraging its established presence in Venezuela and global capabilities to drive efficient execution and differentiated performance.

Girish Saligram, President and Chief Executive Officer of Weatherford, said, “We are excited about the opportunity ahead in Venezuela and proud to support Eni

Weatherford Supports Eni’s Junín 5 Integrated Drilling and Completion Campaign in Venezuela

Wed, 28 Oct 2026 13:15:00 -0400

Girish Saligram, President and Chief Executive Officer of Weatherford, said, “We are excited about the opportunity ahead in Venezuela and proud to support Eni

Weatherford gets court approval to move domicile from Ireland to Delaware

Tue, 27 Oct 2026 07:31:28 -0400

Weatherford International plc (NASDAQ: WFRD) said the High Court of Ireland has approved a scheme of arrangement that will allow the company to change its legal domicile from Ireland to Delaware.

The company expects to complete the redomestication on November 13, 2026, subject to customary closing conditions. Upon completion, Weatherford International Corp, a Delaware corporation, will become the publicly traded parent company of the Weatherford group.

According to the press release, the redomestication will not affect the company's operations, management, business strategy, or headquarters. Weatherford's shares are expected to continue trading on the Nasdaq Global Select Market under the ticker symbol "WFRD."

Weatherford gets court approval to move domicile from Ireland to Delaware

Tue, 27 Oct 2026 07:31:28 -0400

Weatherford International plc (NASDAQ: WFRD) said the High Court of Ireland has approved a scheme of arrangement that will allow the company to change its legal domicile from Ireland to Delaware.

Weatherford Announces Court Approval and Expected Closing Date for U.S. Redomestication

Tue, 27 Oct 2026 07:30:00 -0400

HOUSTON, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that the High Court of Ireland has approved the previously announced scheme of arrangement through which the Company intends to change its legal domicile from Ireland to Delaware.

Weatherford expects to complete the redomestication on November 13, 2026, subject to the satisfaction of customary closing conditions. Upon completion, Weatherford International Corp, a Delaware corporation, will become the publicly traded parent company of the Weatherford group.

The redomestication will not change the Company’s operations, management, business

Weatherford Announces Court Approval and Expected Closing Date for U.S. Redomestication

Tue, 27 Oct 2026 07:30:00 -0400

The redomestication will not change the Company’s operations, management, business

Weatherford International plc (WFRD) PT Lowered to $110 at Citi

Fri, 23 Oct 2026 06:23:30 -0400

Citi analyst Scott Gruber lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $110.00 (from $112.00) while maintaining a Buy rating.

Weatherford International plc (WFRD) PT Lowered to $111 at UBS

Thu, 22 Oct 2026 09:23:11 -0400

UBS analyst Josh Silverstein lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $111.00 (from $116.00) while maintaining a Buy rating.

Weatherford International plc (WFRD) PT Lowered to $123 at RBC Capital

Thu, 22 Oct 2026 07:14:22 -0400

RBC Capital analyst Keith Mackey lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $123.00 (from $124.00) while maintaining a Outperform rating.

Weatherford International plc (WFRD) PT Lowered to $139 at Barclays

Thu, 22 Oct 2026 03:38:54 -0400

Barclays analyst David Anderson lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $139.00 (from $148.00) while maintaining a Overweight rating.

Weatherford International plc (WFRD) Tops Q3 EPS by 36c

Tue, 20 Oct 2026 17:00:21 -0400

Weatherford International plc (NASDAQ: WFRD) reported Q3 EPS of $1.66, $0.36 better than the analyst estimate of $1.30. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.13 billion.

For earnings history and earnings-related data on Weatherford International plc (WFRD) click here.

Weatherford Announces Third Quarter 2026 Results

Tue, 20 Oct 2026 16:30:00 -0400

Third quarter revenue of $1,143 million increased 3% sequentially
Third quarter operating income of $153 million increased 43% sequentially
Third quarter net income of $120 million increased 208% sequentially; net income margin of 10.5%
Third quarter adjusted EBITDA* of $254 million increased 14% sequentially; adjusted EBITDA margin* of 22.2% increased 204 basis points sequentially
Third quarter cash provided by operating activities of $192 million and adjusted free cash flow* of $155 million
Shareholder return of $47 million for the quarter, which included dividend payments of $19 million and share repurchases of $28 million
Completed the acquisition of NCS Multistage

Weatherford Announces Third Quarter 2026 Results

Tue, 20 Oct 2026 16:30:00 -0400

Third quarter revenue of $1,143 million increased 3% sequentially
Third quarter operating income of $153 million increased 43% sequentially
Third quarter net income of $120 million increased 208% sequentially; net income margin of 10.5%
Third quarter adjusted EBITDA* of $254 million increased 14% sequentially; adjusted EBITDA margin* of 22.2% increased 204 basis points sequentially
Third quarter cash provided by operating activities of $192 million and adjusted free cash flow* of $155 million
Shareholder return of $47 million for the quarter, which included dividend payments of $19 million and share repurchases of $28 million
Completed the acquisition of NCS Multistage

Weatherford International plc (WFRD) PT Lowered to $110 at Piper Sandler

Mon, 19 Oct 2026 07:14:07 -0400

Piper Sandler analyst Derek Podhaizer lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $110.00 (from $118.00) while maintaining a Overweight rating.

Weatherford International plc (WFRD) PT Lowered to $148 at Barclays

Thu, 15 Oct 2026 05:40:55 -0400

Barclays analyst David Anderson lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $148.00 (from $151.00) while maintaining a Overweight rating.

Weatherford International plc (WFRD) PT Lowered to $94 at Goldman Sachs

Wed, 14 Oct 2026 06:33:51 -0400

Goldman Sachs analyst Ati Modak lowered the price target on Weatherford International plc (NASDAQ: WFRD) to $94.00 (from $106.00) while maintaining a Neutral rating.

Citi reiterates buy rating on Weatherford International with $115 target

Fri, 09 Oct 2026 05:57:50 -0400

Citi analyst Scott Gruber reiterated a Buy rating and a $115.00 price target on Weatherford International plc (NASDAQ: WFRD).

Gruber noted that near-term activity disruptions in Saudi Arabia present a risk to fourth-quarter estimates, with the company expected to provide more details on its third-quarter earnings call.

The analyst cited growth prospects in Latin America, including Venezuela, where Weatherford anticipates revenue contribution in 2027 from intervention and lift operations. Argentina, Colombia, and Brazil were also noted as favorable markets. The analyst pointed to energy security concerns as a driver of projects in Asia and India, while the African offshore market was described

Weatherford Expands Collaboration with Equinor Through Contract Extension and Major Offshore Completions Award

Thu, 08 Oct 2026 16:30:00 -0400

HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced it has been awarded a two-year extension across several strategic frame agreements with Equinor, one of the world's leading energy companies.

Weatherford has also been selected as the primary provider of completion systems for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf, significantly expanding the Company's role in supporting Equinor's offshore development and production operations.

Under the extended agreements, Weatherford will provide its integrated completions portfolio to improve operational efficiency, enhance well performance, and

Weatherford Expands Collaboration with Equinor Through Contract Extension and Major Offshore Completions Award

Thu, 08 Oct 2026 16:30:00 -0400

Under the extended agreements, Weatherford will provide its integrated completions portfolio to improve operational efficiency, enhance well performance, and

Weatherford Announces Third-Quarter 2026 Conference Call

Fri, 25 Sep 2026 16:30:00 -0400

HOUSTON, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, October 21, 2026 to discuss the Company’s results for the third quarter ended September 30, 2026.

The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website.

Listeners can participate in the conference call via

Weatherford Announces Third-Quarter 2026 Conference Call

Fri, 25 Sep 2026 16:30:00 -0400

Listeners can participate in the conference call via

Citi says diesel export ban alternatives being considered

Thu, 24 Sep 2026 06:17:19 -0400

Investing.com -- The U.S. administration is considering alternatives to a diesel export ban, including voluntary cuts, according to a Wednesday report from the Wall Street Journal. The shift comes after several days of building political momentum toward implementing a ban or quota on diesel exports.

Citi analysts said the change in approach could reverse recent equity trading patterns if voluntary cuts become the final outcome. The bank noted that voluntary cuts may have a limited impact on West Texas Intermediate crude prices, potentially reversing the equity trade that has developed over the past week.

The discussion around diesel export restrictions began after

Citi says diesel export ban alternatives being considered

Thu, 24 Sep 2026 06:17:19 -0400

The discussion around diesel export restrictions began after