Weatherford (WFRD) Q1 FY26 earnings call

Weatherford navigated a challenging first quarter marked by seasonal declines and geopolitical conflict in the Middle East, which impacted revenue and margins. Despite these headwinds, the company delivered strong free cash flow and improved working capital efficiency, supported by consistent collections in Mexico. Management expressed a significantly more constructive outlook for the second half of 2026 and into 2027, citing structural tailwinds from energy security priorities and anticipated reacceleration of activity, particularly in international and offshore markets.