Weatherford delivered $1.2 billion in revenue, driven by strong WCC and Middle East/North Africa/Asia performance. Net income rose to $136 million with an 11.3% margin, while adjusted free cash flow improved sequentially. However, revenue declined year-over-year due to Latin America weakness and Argentina divestiture.
Revenue reached $1.2 billion, up 1% sequentially but down 14% YoY
Net income rose to $136 million, with an 11.3% margin
Adjusted EBITDA was $254 million with a 21.1% margin
Free cash flow improved to $79 million despite Latin America receivables build-up
Weatherford expects flat near-term revenue trajectory due to market sluggishness but remains focused on free cash flow optimization and structural cost efficiencies.