10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

(Mark One) Form 10-Q

☑	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended	June 30, 2026
		or
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from __________________________________to __________________________________
	Commission file number	001-36504

Weatherford International plc

(Exact Name of Registrant as Specified in Its Charter)

Ireland					98-0606750
(State or Other Jurisdiction of Incorporation or Organization)					(I.R.S. Employer Identification No.)
2000 St. James Place	,	Houston	,	Texas	77056
(Address of Principal Executive Offices)					(Zip Code)

Registrant’s Telephone Number, Including Area Code: 713.836.4000

N/A

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Ordinary shares, $0.001 par value per share	WFRD	The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                      Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).                                     Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☑	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

As of July 16, 2026, there were 71,685,443 Weatherford ordinary shares, $0.001 par value per share, outstanding.

Weatherford International public limited company

Form 10-Q for the Second Quarter Ended June 30, 2026

TABLE OF CONTENTS
	PAGE
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements.	2
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.	18
Item 3. Quantitative and Qualitative Disclosures About Market Risk.	33
Item 4. Controls and Procedures.	33
PART II – OTHER INFORMATION
Item 1. Legal Proceedings.	34
Item 1A. Risk Factors.	34
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	34
Item 3. Defaults Upon Senior Securities.	34
Item 4. Mine Safety Disclosures.	34
Item 5. Other Information.	34
Item 6. Exhibits.	35
SIGNATURES	36

1

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars and shares in millions, except per share amounts)	2026		2025		2026		2025
Revenue:
Services	$	676	$	732	$	1,387	$	1,473
Products	429		472		870		924
Total Revenue	1,105		1,204		2,257		2,397
Costs and Expenses:
Cost of Services	443		464		919		928
Cost of Products	329		365		665		720
Research and Development	20		30		41		59
Selling, General and Administrative	172		164		340		325
Gain on Sale of Business	—		(70)		—		(70)
Restructuring Charges	9		11		22		40
Other Charges, Net	25		3		40		16
Total Costs and Expenses	998		967		2,027		2,018
Operating Income	107		237		230		379
Other Expense:
Interest Expense, Net of Interest Income of $11, $14, $21 and $25	(16)		(21)		(33)		(47)
Other Expense, Net	(16)		(25)		(17)		(45)
Income Before Income Taxes	75		191		180		287
Income Tax Provision	(33)		(46)		(29)		(56)
Net Income	42		145		151		231
Net Income Attributable to Noncontrolling Interests	3		9		4		19
Net Income Attributable to Weatherford	$	39	$	136	$	147	$	212
Basic Income per Share	$	0.55	$	1.87	$	2.05	$	2.91
Basic Weighted Average Shares Outstanding	71.9		72.2		71.9		72.7
Diluted Income per Share	$	0.55	$	1.87	$	2.04	$	2.90
Diluted Weighted Average Shares Outstanding	72.2		72.4		72.2		72.9

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

2

WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in millions)	2026		2025		2026		2025
Net Income	$	42	$	145	$	151	$	231
Foreign Currency Translation Adjustments	16		65		3		161
Comprehensive Income	58		210		154		392
Comprehensive Income Attributable to Noncontrolling Interests	3		9		4		19
Comprehensive Income Attributable to Weatherford	$	55	$	201	$	150	$	373

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

3

WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Dollars and shares in millions, except par value)	June 30, 2026		December 31, 2025
	(Unaudited)
Assets:
Cash and Cash Equivalents	$	1,100	$	987
Restricted Cash	37		55
Accounts Receivable, Net of Allowance for Credit Losses of $12 at June 30, 2026 and $10 at December 31, 2025	1,104		1,234
Inventories, Net	811		836
Other Current Assets	246		260
Total Current Assets	3,298		3,372
Property, Plant and Equipment, Net of Accumulated Depreciation of $1,220 at June 30, 2026 and $1,150 at December 31, 2025	1,131		1,124
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	265		285
Operating Lease Assets	118		128
Other Non-Current Assets	290		288
Total Assets	$	5,102	$	5,197
Liabilities:
Current Portion of Long-term Debt	$	30	$	30
Accounts Payable	625		650
Accrued Salaries and Benefits	241		285
Income Taxes Payable	95		129
Current Portion of Operating Lease Liabilities	42		48
Other Current Liabilities	374		395
Total Current Liabilities	1,407		1,537
Long-term Debt	1,450		1,455
Operating Lease Liabilities	100		109
Non-current Taxes Payable	217		242
Other Non-Current Liabilities	139		158
Total Liabilities	$	3,313	$	3,501
Shareholders’ Equity:
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 71.8 shares at June 30, 2026 and 71.6 at December 31, 2025	$	—	$	—
Capital in Excess of Par Value	2,794		2,815
Retained Deficit	(1,022)		(1,129)
Accumulated Other Comprehensive Income	16		13
Shareholders’ Equity	1,788		1,699
Noncontrolling Interests	1		(3)
Total Shareholders’ Equity	1,789		1,696
Total Liabilities and Shareholders’ Equity	$	5,102	$	5,197

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

4

WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Six Months Ended June 30,
(Dollars in millions)	2026		2025
Cash Flows From Operating Activities:
Net Income	$	151	$	231
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	141		126
Foreign Exchange Losses	6		30
Gain on Disposition of Assets	(13)		(4)
Gain on Sale of Business	—		(70)
Deferred Income Tax Provision	9		2
Share-Based Compensation	23		16
Changes in Accounts Receivable, Inventory, Accounts Payable, Accrued Salaries and Benefits and Income Taxes Payable:
Accounts Receivable	143		132
Inventories	(3)		(7)
Accounts Payable	(28)		(107)
Accrued Salaries and Benefits	(44)		(57)
Income Taxes Payable	(30)		(8)
Other Changes, Net	(44)		(14)
Net Cash Provided by Operating Activities	311		270
Cash Flows From Investing Activities:
Capital Expenditures for Property, Plant and Equipment	(96)		(131)
Proceeds from Disposition of Assets	9		6
Proceeds from Sale of Business	—		97
Purchases of Blue Chip Swap Securities	(14)		(83)
Proceeds from Sales of Blue Chip Swap Securities	14		82
Other Investing Activities	(23)		(7)
Net Cash Used in Investing Activities	(110)		(36)
Cash Flows From Financing Activities:
Repayments of Long-term Debt	(17)		(73)
Distributions to Noncontrolling Interests	(5)		(8)
Tax Remittance on Equity Awards Vested	(18)		(20)
Share Repurchases	(26)		(87)
Dividends Paid	(40)		(36)
Other Financing Activities	1		(6)
Net Cash Used in Financing Activities	(105)		(230)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(1)		24
Net Increase in Cash, Cash Equivalents and Restricted Cash	95		28
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,042		975
Cash, Cash Equivalents and Restricted Cash at End of Period	$	1,137	$	1,003
Supplemental Cash Flow Information:
Interest Paid	$	55	$	70
Income Taxes Paid, Net of Refunds	$	82	$	86

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

5

WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1 – Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company,” “Weatherford,” “we,” “us,” or “our”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with our audited Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”).

The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates.

In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments, which consist of normal recurring adjustments, considered necessary by management to fairly state the results of operations, financial position and cash flows of Weatherford and its subsidiaries for the periods presented and are not necessarily indicative of the results that may be expected for a full year. Our financial statements have been prepared on a consolidated basis. Under this basis, our financial statements consolidate all wholly owned subsidiaries and controlled joint ventures. All intercompany accounts and transactions have been eliminated.

Summary of Significant Accounting Policies

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2025 Form 10-K for the discussion on our significant accounting policies. Certain reclassifications have been made to these Condensed Consolidated Financial Statements and accompanying footnotes for the three and six months ended June 30, 2025 to conform to the presentation for the three and six months ended June 30, 2026.

Accounting Standards Issued Not Yet Adopted

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2025 Form 10-K for the discussion on accounting pronouncements that have been issued but not yet effective for the interim periods presented that are not expected to have a material impact on our financial position or results of operations.

Evaluations of all other new accounting pronouncements that have been issued, but not yet effective are on-going, and at this time are not expected to have a material impact on our Condensed Consolidated Financial Statements.

2 – Segment Information

Financial information by segment is summarized below. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our 2025 Form 10-K. We have three reportable segments: (1) Drilling and Evaluation “DRE,” (2) Well Construction and Completions “WCC,” and (3) Production and Intervention “PRI.”

The Company’s chief operating decision maker (“CODM”), our chief executive officer, uses segment adjusted EBITDA to measure the profitability of each segment. The regularly reviewed historical, current and forecasted segment adjusted EBITDA data is utilized by the CODM to allocate Company resources. The CODM also uses segment adjusted EBITDA to drive efficiencies and develop competitive strategies. Segment adjusted EBITDA is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. All Other includes results from non-core business activities (including integrated services and projects), and Corporate Costs includes overhead support and centrally managed or shared facilities costs. All Other and Corporate Costs do not individually meet the criteria for segment reporting.

6

	Three Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	291	$	433	$	316	$	65	$	1,105
Direct Costs(a)	(192)		(272)		(206)
Other Expense(b)	(41)		(54)		(40)
DRE Segment Adjusted EBITDA	58								58
WCC Segment Adjusted EBITDA			107						107
PRI Segment Adjusted EBITDA					70				70
All Other									6
Corporate Costs									(18)
Depreciation and Amortization									(71)
Share-based Compensation									(11)
Restructuring Charges									(9)
Other Charges, Net									(25)
Operating Income									$	107

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	612	$	876	$	612	$	157	$	2,257
Direct Costs(a)	(396)		(548)		(409)
Other Expense(b)	(86)		(111)		(79)
DRE Segment Adjusted EBITDA	130								130
WCC Segment Adjusted EBITDA			217						217
PRI Segment Adjusted EBITDA					124				124
All Other									19
Corporate Costs									(34)
Depreciation and Amortization									(141)
Share-based Compensation									(23)
Restructuring Charges									(22)
Other Charges, Net									(40)
Operating Income									$	230

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

7

	Three Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	335	$	456	$	327	$	86	$	1,204
Direct Costs(a)	(220)		(279)		(220)
Other Expense(b)	(46)		(59)		(44)
DRE Segment Adjusted EBITDA	69								69
WCC Segment Adjusted EBITDA			118						118
PRI Segment Adjusted EBITDA					63				63
All Other									19
Corporate Costs									(15)
Depreciation and Amortization									(64)
Share-based Compensation									(9)
Gain on Sale of Business									70
Restructuring Charges									(11)
Other Charges, Net									(3)
Operating Income									$	237

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	685	$	897	$	661	$	154	$	2,397
Direct Costs(a)	(446)		(537)		(450)
Other Expense(b)	(96)		(114)		(86)
DRE Segment Adjusted EBITDA	143								143
WCC Segment Adjusted EBITDA			246						246
PRI Segment Adjusted EBITDA					125				125
All Other									23
Corporate Costs									(30)
Depreciation and Amortization									(126)
Share-based Compensation									(16)
Gain on Sale of Business									70
Restructuring Charges									(40)
Other Charges, Net									(16)
Operating Income									$	379

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

8

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Depreciation and Amortization:
DRE	$	23	$	21	$	46	$	40
WCC	12		12		24		24
PRI	22		18		46		36
Corporate and Other	14		13		25		26
Total Depreciation and Amortization	$	71	$	64	$	141	$	126
Capital Expenditures:
DRE	$	16	$	25	$	35	$	50
WCC	13		8		24		16
PRI	5		15		10		46
Corporate and Other	8		6		27		19
Total Capital Expenditures	$	42	$	54	$	96	$	131

(Dollars in millions)	June 30, 2026		December 31, 2025
Total Assets:
DRE	$	935	$	931
WCC	995		1,055
PRI	790		771
Corporate and Other (a)	2,382		2,440
Total	$	5,102	$	5,197
(a) Corporate and other total assets primarily include cash and cash equivalents, certain intangible assets, and centrally managed or shared facilities.

PP&E, Net and Operating Lease Assets by Geographic Area

As of June 30, 2026 and December 31, 2025, the U.S. accounted for 22% and 23%, respectively, and the Kingdom of Saudi Arabia accounted for 13% at each period, of our PP&E, Net and operating lease assets identifiable by geography. No other country accounted for more than 10% of our PP&E, Net and operating lease assets identifiable by geography as of June 30, 2026 and December 31, 2025. We had no PP&E, Net and operating lease assets in our country of domicile (Ireland) as of June 30, 2026 and December 31, 2025.

(Dollars in millions)	June 30, 2026		December 31, 2025
North America (a)	$	299	$	314
Latin America	139		153
Middle East/North Africa/Asia	494		507
Europe/Sub-Sahara Africa/Russia	240		231
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,172	$	1,205
(a) North America consists of the U.S. and Canada.
(b) Corporate assets not allocated by geography are excluded from this total.

9

3 – Revenue

Disaggregated Revenue

The following table disaggregates our revenue from contracts with customers by geographic area and includes equipment rental revenue. Equipment rental revenues were $22 million and $40 million in the three and six months ended June 30, 2026, respectively, and $32 million and $67 million for the three and six months ended June 30, 2025, respectively.

During the three and six months ended June 30, 2026, the U.S. accounted for 15% and 14% of total revenue, respectively. During the three and six months ended June 30, 2025, the U.S. accounted for 16% of total revenue in each period and the Kingdom of Saudi Arabia accounted for 11% of total revenue in each period. No other country accounted for more than 10% of our revenue in the periods presented.

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Revenue by Geographic Areas:
North America (a)	$	205	$	241	$	425	$	491
International	900		963		1,832		1,906
Middle East/North Africa/Asia	446		524		922		1,027
Latin America	197		195		420		436
Europe/Sub-Sahara Africa/Russia	257		244		490		443
Total Revenue	$	1,105	$	1,204	$	2,257	$	2,397
(a) North America consists of the U.S. and Canada.

Contract Balances

The timing of our revenue recognition, billings, and cash collections results in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of June 30, 2026 and December 31, 2025:

(Dollars in millions)	June 30, 2026		December 31, 2025
Receivables for Products and Services in Accounts Receivable, Net	$	1,083	$	1,209
Receivables for Equipment Rentals in Account Receivable, Net	$	21	$	25
Accounts Receivable, Net	$	1,104	$	1,234
Contract Assets in Other Current Assets	$	85	$	71
Contract Assets in Other Non-Current Assets	$	30	$	32
Contract Liabilities in Other Current Liabilities	$	60	$	48
Contract Liabilities in Other Non-Current Liabilities	$	2	$	2

4 – Restructuring Charges

Restructuring charges were $9 million and $22 million in the three and six months ended June 30, 2026, respectively, and $11 million and $40 million in the three and six months ended June 30, 2025, respectively, and are presented as “Restructuring Charges” on the accompanying Condensed Consolidated Statements of Operations. These charges were related to optimization and efficiency initiatives throughout the organization and primarily relate to severance expenses.

10

Restructuring liabilities were $20 million as of June 30, 2026 and $22 million as of December 31, 2025, respectively. Of the restructuring liabilities, $17 million and $19 million are recorded in “Other Current Liabilities” on the accompanying Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, respectively. The remaining $3 million is recorded in “Other Non-Current Liabilities” on the accompanying Condensed Consolidated Balance Sheets as of both June 30, 2026 and December 31, 2025, respectively. Changes in the liabilities are primarily driven by restructuring charges and cash payments.

The following table presents total restructuring charges by segment and Corporate and Other in the three and six months ended June 30, 2026 and 2025:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
DRE	$	2	$	1	$	4	$	9
WCC	5		1		6		8
PRI	2		—		5		8
Corporate and Other	—		9		7		15
Total Restructuring Charges	$	9	$	11	$	22	$	40

5 – Inventories, Net

Inventories are reported net of reserves of $125 million and $118 million as of June 30, 2026 and December 31, 2025, respectively, and are presented by category in the table below:

(Dollars in millions)	June 30, 2026		December 31, 2025
Finished Goods	$	711	$	742
Work in Process and Raw Materials, Components and Supplies	100		94
Inventories, Net	$	811	$	836

The change in inventory reserves includes inventory charges, primarily offset by the disposal of inventory previously reserved. The charges are recorded in “Cost of Products” on our Condensed Consolidated Statements of Operations in the amount of $10 million and $21 million in the three and six months ended June 30, 2026, respectively, and $9 million and $14 million during the three and six months ended June 30, 2025, respectively.

11

6 – Intangibles, Net

The components of intangible assets, net were as follows:

(Dollars in millions)	June 30, 2026		December 31, 2025
Developed and Acquired Technology, Net of Accumulated Amortization of $595 at June 30, 2026 and $586 at December 31, 2025	$	119	$	118
Trade Names, Net of Accumulated Amortization of $263 at June 30, 2026 and $242 at December 31, 2025	146		167
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	$	265	$	285

Amortization expense was $16 million and $31 million in the three and six months ended June 30, 2026, respectively, and $15 million and $29 million in the three and six months ended June 30, 2025, respectively, and is reported in “Selling, General and Administrative” on our Condensed Consolidated Statements of Operations.

7 – Borrowings and Other Debt Obligations

(Dollars in millions)	June 30, 2026		December 31, 2025
Current Portion of Finance Leases	$	30	$	30
Current Portion of Long-term Debt	$	30	$	30
6.75% Senior Notes due 2033 “2033 Senior Notes”	$	1,182	$	1,181
8.625% Senior Notes due 2030 “2030 Senior Notes”	234		234
Finance Leases	34		40
Long-term Debt	$	1,450	$	1,455

2030 Senior Notes

On October 27, 2021, Weatherford International Ltd. (“Weatherford Bermuda”) issued 8.625% senior notes in aggregate principal amount of $1.6 billion maturing April 30, 2030 (the “2030 Senior Notes”). Interest on the 2030 Senior Notes is payable semiannually on June 1 and December 1 of each year, and commenced on June 1, 2022. On December 1, 2022, the indenture related to our 2030 Senior Notes was amended and supplemented to add Weatherford International, LLC (now Weatherford US Holding, LLC following a name change effective March 19, 2026, “Weatherford Delaware”) as co-issuer and co-obligor, and concurrently release the guarantee of Weatherford Delaware. At June 30, 2026 and December 31, 2025, the carrying value represented the remaining unpaid principal of $236 million, offset by unamortized deferred issuance cost of $2 million.

2033 Senior Notes

On October 6, 2025, Weatherford Bermuda issued 6.75% senior notes in aggregate principal amount of $1.2 billion maturing on October 15, 2033 (the “2033 Senior Notes”). Interest on the 2033 Senior Notes is payable semiannually on April 15th and October 15th of each year, beginning on April 15, 2026. On October 24, 2025, the indenture related to our 2033 Senior Notes was amended and supplemented to add Weatherford Delaware as co-issuer and co-obligor, and concurrently released the guarantee of Weatherford Delaware. At June 30, 2026, the carrying value represents the remaining unpaid principal of $1.2 billion, offset by unamortized deferred issuance cost of $18 million. At December 31, 2025, the carrying value represented the remaining unpaid principal of $1.2 billion, offset by unamortized deferred issuance cost of $19 million.

12

Credit Agreement

Weatherford Bermuda, Weatherford Delaware, Weatherford Canada Ltd. (“Weatherford Canada”) and WOFS International Finance GmbH (“Weatherford Switzerland”), together as borrowers, and the Company as parent, have an amended and restated credit agreement (the “Credit Agreement”). The Credit Agreement is guaranteed by the Company and certain of our subsidiaries and secured by substantially all of the personal property of the Company and those subsidiaries. At June 30, 2026 and December 31, 2025, the Credit Agreement allowed for a total commitment amount of $1 billion, maturing on the date that occurs first: (a) September 18, 2030 or (b) if more than $200 million of the 2030 Senior Notes remain outstanding, the date that is 91 days before the maturity of those notes. Financial covenants in the Credit Agreement include a $250 million minimum liquidity covenant (which may increase up to $400 million dependent on the nature of transactions we may decide to enter into), a minimum interest coverage ratio of 2.50 to 1.00, a maximum total net leverage ratio of 3.50 to 1.00, and a maximum secured net leverage ratio of 1.50 to 1.00.

As of June 30, 2026, under the Credit Agreement we had zero borrowings, $4 million in financial letters of credit and $243 million in performance letters of credit outstanding. Additionally as of June 30, 2026, we had $233 million letters of credit under various uncommitted bi-lateral facilities ($32 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

As of December 31, 2025, under the Credit Agreement we had zero borrowings, $7 million in financial letters of credit and $245 million in performance letters of credit outstanding. Additionally as of December 31, 2025, we had $207 million of letters of credit under various uncommitted bi-lateral facilities ($47 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

Fair Value

The fair value of our long-term debt fluctuates with changes in applicable interest rates among other factors. Fair value will exceed carrying value when the current market interest rate is lower than the interest rate at which the debt was originally issued and will be less than the carrying value when the market rate is greater than the interest rate at which the debt was originally issued. The fair value of our long-term debt is classified as Level 2 in the fair value hierarchy and is established based on observable inputs in less active markets. The table below presents the fair value and carrying value of our long-term debt (excluding finance leases).

	June 30, 2026				December 31, 2025
(Dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
8.625% Senior Notes due 2030	$	234	$	238	$	234	$	242
6.75% Senior Notes due 2033	$	1,182	$	1,225	$	1,181	$	1,226
Long-Term Debt (excluding Finance Leases)	$	1,416	$	1,463	$	1,415	$	1,468

8 – Disputes, Litigation and Legal Contingencies

We are subject to lawsuits and claims arising out of the nature of our business. We have certain claims, disputes and pending litigation for which we do not believe a negative outcome is probable or for which we can only estimate a range of liability. It is possible, however, that an unexpected judgment could be rendered against us, or we could decide to resolve a case or cases, which would result in a liability that could be uninsured and beyond the amounts we currently have reserved and in some cases those losses could be material. If one or more negative outcomes were to occur relative to these cases, the aggregate impact to our financial condition could be material.

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9 – Shareholders’ Equity

Shares issued and outstanding on our Condensed Consolidated Balance Sheets increased from 71.6 million as of December 31, 2025 to 71.8 million as of June 30, 2026. The increase was due to the issuance of 0.4 million of our ordinary shares for equity awards vested and delivered, net of shares withheld for taxes, partially offset by the cancellation of 0.2 million of our ordinary shares repurchased for $26 million.

During the six months ended June 30, 2026, we declared and paid $40 million in dividends and accrued an immaterial amount of dividend equivalent rights on share-based awards.

The following summarizes our shareholders’ equity activity for the three and six months ended June 30, 2026 and 2025:

(Dollars in millions)	Ordinary Shares	Par Value		Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2025	71.6	$	—	$	2,815	$	(1,129)	$	13	$	(3)	$	1,696
Net Income	—	—		—		108		—		1		109
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	0.4	—		(6)		—		—		—		(6)
Share Repurchases	(0.1)	—		(10)		—		—		—		(10)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Other Comprehensive Loss	—	—		—		—		(13)		—		(13)
Other	—	—		—		—		—		3		3
Balance at March 31, 2026	71.9	$	—	$	2,799	$	(1,041)	$	—	$	1	$	1,759
Net Income	—	—		—		39		—		3		42
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		11		—		—		—		11
Share Repurchases	(0.1)	—		(16)		—		—		—		(16)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Distributions to Noncontrolling Interests	—	—		—		—		—		(5)		(5)
Other Comprehensive Income	—	—		—		—		16		—		16
Other	—	—		—		—		—		2		2
Balance at June 30, 2026	71.8	$	—	$	2,794	$	(1,022)	$	16	$	1	$	1,789
(1) Includes dividend equivalent rights on share-based awards.

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(Dollars in millions)	Ordinary Shares	Par Value		Capital In Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2024	72.1	$	—	$	2,921	$	(1,486)	$	(150)	$	(2)	$	1,283
Net Income	—	—		—		76		—		10		86
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	1.3	—		(34)		—		—		—		(34)
Share Repurchases	(0.8)	—		(53)		—		—		—		(53)
Dividends Declared ($0.25 per share) (1)	—	—		—		(18)		—		—		(18)
Other Comprehensive Income	—	—		—		—		96		—		96
Balance at March 31, 2025	72.6	$	—	$	2,834	$	(1,428)	$	(54)	$	8	$	1,360
Net Income	—	—		—		136		—		9		145
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		10		—		—		—		10
Share Repurchases	(0.8)	—		(34)		—		—		—		(34)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Distributions to Noncontrolling Interests	—	—		—		—		—		(8)		(8)
Other Comprehensive Income	—	—		—		—		65		—		65
Balance at June 30, 2025	71.8	$	—	$	2,810	$	(1,311)	$	11	$	9	$	1,519
(1) Includes dividend equivalent rights on share-based awards.

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2026 and 2025:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2025	$	1	$	12	$	13
Other Comprehensive Income	3		—		3
Balance at June 30, 2026	$	4	$	12	$	16
Balance at December 31, 2024	$	(156)	$	6	$	(150)
Other Comprehensive Income	161		—		161
Balance at June 30, 2025	$	5	$	6	$	11

15

10 – Income per Share

A reconciliation of the number of shares used for the basic and diluted income per share calculation was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and shares in millions, except per share amounts)	2026		2025		2026		2025
Net Income Attributable to Weatherford	$	39	$	136	$	147	$	212
Basic Weighted Average Shares Outstanding	71.9		72.2		71.9		72.7
Dilutive Effect of Awards Granted in Stock Incentive Plan	0.3		0.2		0.3		0.2
Diluted Weighted Average Shares Outstanding	72.2		72.4		72.2		72.9
Basic Income per Share	$	0.55	$	1.87	$	2.05	$	2.91
Diluted Income per Share	$	0.55	$	1.87	$	2.04	$	2.90
Antidilutive Weighted Average Shares:
Equity Awards	0.4		0.7		0.3		0.6
Total Antidilutive Weighted Average Shares	0.4		0.7		0.3		0.6

Basic income per share for all periods presented equals net income available to shareholders divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Anti-dilutive weighted average shares represent securities that could potentially dilute income per share in the future and are excluded from the computation of income per share.

16

11 – Income Taxes

We recognized a tax expense of $33 million and $29 million for the three and six months ended June 30, 2026, respectively, compared to the three and six months ended June 30, 2025 where we recognized a tax expense of $46 million and $56 million, respectively. Income tax expense was lower in the three months ended June 30, 2026 compared to the same period in 2025 primarily due to decreased earnings before taxes. Income tax expense was lower in the six months ended June 30, 2026 compared with the corresponding period in 2025 primarily due to decreased earnings before taxes and increased recognition of benefits from previously uncertain tax positions. The recognized benefit amounts for the first quarters of 2026 and 2025 were $44 million and $26 million, respectively. We calculate our income tax provision using the estimated annual effective tax rate method in accordance with Accounting Standards Codification “ASC” 740 - Income Taxes.

The relationship between our pre-tax income or loss and our income tax provision or benefit varies from period to period due to various factors which include changes in total pre-tax income or loss, the jurisdictions in which our income is earned, the tax laws in those jurisdictions and in our operating structure. We provide for income taxes based on the laws and rates in effect in the countries in which operations are conducted, or in which we or our subsidiaries are considered residents for income tax purposes. Our income tax provisions are primarily driven by income in certain jurisdictions and withholding taxes on intercompany and third-party transactions that do not directly correlate to ordinary income or loss. Certain charges and impairments recognized do not result in a significant tax benefit as a result of being attributed to a non-income tax jurisdiction or our inability to forecast realization of the tax benefit of such losses. This is partially offset by the utilization of previously unbenefited deferred tax assets, such as net operating loss carryforwards.

We are continuously under tax examination in various jurisdictions and cannot predict the timing or outcome regarding the resolutions or if they will have a material impact on our financial statements.

12 – Subsequent Events

Declaration of cash dividend

On July 16, 2026, our Board of Directors declared a cash dividend of $0.275 per share of the Company’s ordinary shares, payable on September 3, 2026 to shareholders of record as of August 6, 2026.

17

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

As used in this item, “Weatherford,” “the Company,” “we,” “us” and “our” refer to Weatherford International plc, a public limited company organized under the laws of Ireland, and its subsidiaries on a consolidated basis. The following discussion should be read in conjunction with the Condensed Consolidated Financial Statements and Notes thereto included in “Item 1. Financial Statements.” Our discussion includes various forward-looking statements about our markets, the demand for our products and services and our future results. These statements include assumptions, certain risks and uncertainties. For information about these assumptions, risks and uncertainties, refer to the section “Forward-Looking Statements” and the section “PART II - OTHER INFORMATION - Item 1A. Risk Factors.”

Recent Developments

The Company plans to hold two shareholder meetings on September 3, 2026 to consider a proposal to redomesticate the parent company from Ireland to the United States as a Delaware corporation (“Redomestication”), following an earlier Texas redomestication proposal that, despite receiving over 60% support, did not receive the requisite shareholder approval. The proposed Redomestication is subject to customary conditions, including shareholder approval and sanction by the High Court of Ireland, and is expected to be completed during the fourth quarter of 2026.

On May 31, 2026, the Company entered into a definitive merger agreement to acquire NCS Multistage Holdings, Inc., which will become a wholly owned subsidiary of Weatherford upon closing (“Proposed Transaction”). The transaction consideration consists of Weatherford ordinary shares or a combination of ordinary shares and cash, subject to certain limitations, adjustments and proration provisions. This merger is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2026.

Business

Weatherford is a leading global energy services company providing equipment and services used in the drilling, evaluation, well construction, completion, production, intervention and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms.

We conduct business in approximately 75 countries, answering the challenges of the energy industry with 302 operating locations including manufacturing, research and development, service, and training facilities. Our operational performance is reviewed and managed across the life cycle of the wellbore, and we report in three segments (1) Drilling and Evaluation, (2) Well Construction and Completions, and (3) Production and Intervention.

Drilling and Evaluation (“DRE”) offers a suite of services including managed pressure drilling, drilling services, wireline and drilling fluids. DRE offerings range from early well planning to reservoir management through innovative tools and expert engineering to optimize reservoir access and productivity.

Well Construction and Completions (“WCC”) offers products and services for well integrity assurance across the full life cycle of the well. The primary offerings are tubular running services, cementation products, completions, liner hangers and well services. WCC deploys conventional to advanced technologies, providing safe and efficient services in any environment during the well construction phase.

Production and Intervention (“PRI”) offers a suite of reservoir stimulation designs, and engineering capabilities that isolate zones and unlock reserves in conventional and unconventional wells, deep water, and aging reservoirs. The primary offerings are intervention services & drilling tools, artificial lift, digital solutions, sub-sea intervention and pressure pumping services in select markets.

18

Industry Trends

Demand for our industry’s products and services is driven by many factors, including commodity prices, the number of oil and gas rigs and wells drilled, depth and drilling conditions of wells, number of well completions, age of existing wells, reservoir depletion, regulatory environment, and the level of workover activity worldwide.

Lower oil and natural gas prices and lower rig count generally correlate to lower exploration and production spending, and higher oil and natural gas prices and higher rig count generally correlate to higher exploration and production spending. Therefore, our financial results can be significantly affected by oil and natural gas prices as well as rig counts. As shown in the following tables, as of three and six months ended June 30, 2026, the average WTI oil price and average Brent crude oil price were higher compared to three and six months ended June 30, 2025 while the average Henry Hub natural gas prices were lower than during the three months ended June 30, 2025 and higher than during the six months ended June 30, 2025. Average rig counts decreased during the three and six months ended June 30, 2026 compared to the three and six months ended June 30, 2025. Oil prices have experienced increased volatility and upward pressure in response to the ongoing geopolitical conflict involving Iran, the U.S. and Israel (“Iran Conflict”). Despite higher oil prices driven by the Iran Conflict, it has adversely impacted exploration and production spending in the Middle East resulting in disruption of global energy supplies and adversely affecting global supply chains, energy markets and overall macroeconomic conditions.

Developments in global trade policy, tariffs, geopolitical conflicts, sanctions, and regulation have affected and may continue to affect our industry. In February 2026, the U.S. Supreme Court ruled that certain tariffs were unlawful and affirmed that jurisdiction for tariff-related matters resided with the Court of International Trade; however, uncertainty persists as new tariffs have been introduced under alternative authorities. We have filed claims for refunds of certain tariffs and have begun receiving approvals and cash receipts, while continuing to prepare and submit additional claims as further guidance becomes available. Separately, certain tariffs implemented in 2026 have been challenged or modified, and we continue to monitor these developments, which are not currently expected to have a material impact on our results.

The table below shows the average oil and natural gas prices for West Texas Intermediate (“WTI”), Brent North Sea (“Brent”) crude oil and Henry Hub natural gas.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Oil price - WTI (1)	$	95.75	$	64.63	$	83.87	$	68.23
Oil price - Brent (1)	$	103.28	$	68.01	$	91.74	$	71.91
Natural gas price - Henry Hub (2)	$	2.95	$	3.19	$	3.87	$	3.67
(1) Oil price measured in dollars per barrel (rounded to the nearest $0.01)
(2) Natural gas price measured in dollars per million British thermal units (rounded to the nearest $0.01)

The table below shows historical average rig counts based on the weekly Baker Hughes Company rig count information.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2026	2025	2026	2025
North America	704	699	726	751
International (1)	1,056	1,078	1,070	1,087
Worldwide	1,760	1,777	1,796	1,838
(1) Prior period international rig count figures were retroactively adjusted by Baker Hughes in the third quarter of 2025.

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Iran Conflict

The Iran Conflict, which began in February 2026, has and could continue to significantly disrupt the global oil and gas supply-demand balance, increase commodity price volatility and heighten uncertainty in regional operating conditions. We continue to evaluate our operations and business exposure, with a priority on the safety and well‑being of our employees, operating in compliance with applicable laws and sanctions, and performing under existing contracts with customers in the region. Disruptions to transportation routes, higher logistics and insurance costs, and changes in customer activity levels or project timing could continue to affect our operating results, liquidity, and cash flows, particularly if conditions persist or escalate. While the situation remains fluid, adverse impacts can continue in future periods. We will continue to monitor developments and, to the extent possible, mitigate potential impacts on our business and financial position.

Russia Ukraine Conflict

In February 2022, the military conflict between Russia and Ukraine (“Russia Ukraine Conflict”) began and in response we evaluated, and continue to evaluate, our operations, with the priority being centered on the safety and well-being of our employees in the impacted regions, as well as operating in full compliance with applicable international laws and sanctions.

Revenues in Russia were just under 10% and 9% of our total revenues for the three and six months ended June 30, 2026, respectively, compared to 7% of our total revenue for both the three and six months ended June 30, 2025. The increase in Russia revenues as a percentage of consolidated results year over year was driven by revenue decreases in the Middle East/North Africa/Asia region as a result of the Iran Conflict and the strengthening of the Ruble against the U.S. dollar. As of June 30, 2026, our Russia operations included $118 million in cash, $178 million in other current assets, $105 million in property, plant and equipment, net and other non-current assets, and $90 million in liabilities. As of December 31, 2025, our Russia operations included $107 million in cash, $152 million in other current assets, $91 million in property, plant and equipment, net and other non-current assets, and $80 million in liabilities.

We continue to closely monitor and evaluate the developments in Russia as well as any changes in international laws and sanctions. We believe that operational complexity will increase over time and therefore continually evaluate these potential impacts on our business. As such, we continue to actively evaluate various options, strategies and contingencies with respect to our business in Russia, including, but not limited to:

•continuing the business in compliance with applicable laws and sanctions;

•evaluating the continued use or change in products, equipment and service offerings we currently provide in

Russia;

•curtailing or winding down our activities over time;

•potentially divesting some or all of our assets or businesses in Russia, which could include the option of re-entering the country if and when sanctions or applicable laws would allow for the same; and

•potential nationalization of the business.

20

Consolidated Statements of Operations - Operating Summary

Revenues of $1.1 billion and $2.3 billion in the three and six months ended June 30, 2026, respectively, decreased 8% and 6% compared to $1.2 billion and $2.4 billion in the three and six months ended June 30, 2025, respectively. Year-over-year in the second quarter, product revenues decreased 9% and service revenues decreased 8%. For the same period, revenues declined in all segments with DRE, WCC and PRI responsible for 44%, 23% and 11% of the decrease, respectively, with the remaining decrease from lower activity in integrated services and projects. Year-over-year in the six months ended June 30, 2026, product revenues and service revenues each decreased 6%. For the same period, revenues declined in all segments with DRE, PRI and WCC responsible for 52%, 35% and 15% of the decrease, respectively, with partial offset from a modest increase in integrated services and projects.

Geographically, the year-over-year second quarter revenue decrease was led by declines in Middle East/North Africa/Asia of $78 million and North America of $36 million, and partly offset by a revenue increase of $13 million in the Europe/Sub-Sahara Africa/Russia region. Year-over-year in the six months ended June 30, 2026, revenue decrease was led by declines in Middle East/North Africa/Asia of $105 million and North America of $66 million, and partly offset by a revenue increase of $47 million in the Europe/Sub-Sahara Africa/Russia region. The decrease of revenue was primarily due to market disruptions caused by the Iran Conflict and lower activity in the North America region.

Operating income of $107 million and $230 million in the three and six months ended June 30, 2026, respectively, decreased 55% and 39% compared to $237 million and $379 million in the three and six months ended June 30, 2025, respectively. The second quarter and year-to-date year-over-year decreases were primarily due to the decline in revenue and prior year $70 million gain on the sale of our pressure pumping business in Argentina, with a partial offset from lower cost of products and services, restructuring and research and development costs.

Cost of products and services of $772 million and $1,584 million in the three and six months ended June 30, 2026, respectively, decreased 7% and 4% compared to $829 million and $1,648 million in the three and six months ended June 30, 2025, respectively. The year-over-year decrease was primarily due to a decline in product sales and a reduction in headcount leading to lower personnel costs. Our cost of products and services as a percentage of revenues was 70% in both the three and six months ended June 30, 2026, respectively, compared to 69% in both the three and six months ended June 30, 2025, respectively. The higher cost ratio was primarily due to fixed costs decreasing at a slower rate than revenues.

Selling, general and administrative costs of $172 million and $340 million in the three and six months ended June 30, 2026, respectively, increased 5% compared to $164 million and $325 million in the three and six months ended June 30, 2025, respectively. The year-over-year increase was primarily due to an increase in employee incentive programs and share-based compensation. Selling, general and administrative costs as a percentage of revenues were 16% and 15% in the three and six months ended June 30, 2026, respectively, and 14% in both the three and six months ended June 30, 2025.

Research and development costs of $20 million and $41 million in the three and six months ended June 30, 2026, respectively, decreased 33% and 31% compared to $30 million and $59 million in the three and six months ended June 30, 2025, respectively. The year-over-year decrease was due to lower costs for research and development projects. Research and development costs as a percentage of revenues was 2% in both the three and six months ended June 30, 2026 and 3% in both the three and six months ended June 30, 2025.

Restructuring charges were $9 million and $22 million in the three and six months ended June 30, 2026, respectively, and $11 million and $40 million in the three and six months ended June 30, 2025, respectively. See “Note 4 – Restructuring Charges” for additional information.

Other Charges, Net were $25 million and $40 million in the three and six months ended June 30, 2026, respectively, and $3 million and $16 million in the three and six months ended June 30, 2025, respectively. Other Charges, Net primarily included $12 million and $21 million of costs related to the Redomestication, respectively, and $11 million and $14 million related to mergers and acquisitions costs, respectively, in the three and six months ended June 30, 2026 and primarily included fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico as well as other miscellaneous charges and credits in the three and six months ended June 30, 2025.

21

Consolidated Statements of Operations - Non-Operating Summary

Interest Expense, Net

Interest Expense, Net was $16 million and $33 million in the three and six months ended June 30, 2026, respectively, and $21 million and $47 million in the three and six months ended June 30, 2025, respectively. Interest Expense, Net is interest expense net of interest income.

Interest expense was $27 million and $54 million in the three and six months ended June 30, 2026, respectively, and $35 million and $72 million in the three and six months ended June 30, 2025, respectively. The decrease was primarily due to a lower interest rate following the refinancing of long-term debt in the fourth quarter of 2025 and the reduction in our outstanding long-term debt. Interest income was $11 million and $21 million in the three and six months ended June 30, 2026, respectively, and $14 million and $25 million in the three and six months ended June 30, 2025, respectively.

Other Expense, Net

Other Expense, Net was $16 million and $17 million in the three and six months ended June 30, 2026, respectively, and $25 million and $45 million in the three and six months ended June 30, 2025, respectively. Other Expense, Net primarily represents foreign exchange gains and losses in countries with no or limited markets to hedge, letter of credit fees and other financing charges, including bond redemption premiums partially offset by certain investment gains and losses. When economically advantageous, we enter into foreign currency forward contracts to mitigate the risk of future cash flows denominated in a foreign currency.

Income Taxes

We provide for income taxes based on the laws and rates in effect in the countries in which operations are conducted, or in which we or our subsidiaries are considered residents for income tax purposes. The relationship between our pre-tax income or loss from continuing operations and our income tax benefit or provision varies from period to period as a result of various factors, which include changes in total pre-tax income or loss, the jurisdictions in which our income is earned, the tax laws in those jurisdictions, the impacts of tax planning activities and the resolution of tax audits. Our effective rate differs from the Irish statutory tax rate as the majority of our operations are taxed in jurisdictions with different tax rates. In addition, certain charges do not result in significant tax benefit as a result of being attributed to a non-income tax jurisdiction or our inability to forecast realization of the tax benefit of such losses. Charges can be partially offset by the utilization of previously unbenefited deferred tax assets, such as net operating loss carryforwards. Please see “Note 11 – Income Taxes” to our Condensed Consolidated Financial Statements for additional details.

22

Results of Operations by Segment

Financial information by segment is summarized below.

	Three Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	291	$	433	$	316	$	65	$	1,105
Direct Costs(a)	(192)		(272)		(206)
Other Expense(b)	(41)		(54)		(40)
DRE Segment Adjusted EBITDA	58								58
WCC Segment Adjusted EBITDA			107						107
PRI Segment Adjusted EBITDA					70				70
All Other									6
Corporate Costs									(18)
Depreciation and Amortization									(71)
Share-based Compensation									(11)
Restructuring Charges									(9)
Other Charges, Net									(25)
Operating Income									$	107

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	612	$	876	$	612	$	157	$	2,257
Direct Costs(a)	(396)		(548)		(409)
Other Expense(b)	(86)		(111)		(79)
DRE Segment Adjusted EBITDA	130								130
WCC Segment Adjusted EBITDA			217						217
PRI Segment Adjusted EBITDA					124				124
All Other									19
Corporate Costs									(34)
Depreciation and Amortization									(141)
Share-based Compensation									(23)
Restructuring Charges									(22)
Other Charges, Net									(40)
Operating Income									$	230

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

23

	Three Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	335	$	456	$	327	$	86	$	1,204
Direct Costs(a)	(220)		(279)		(220)
Other Expense(b)	(46)		(59)		(44)
DRE Segment Adjusted EBITDA	69								69
WCC Segment Adjusted EBITDA			118						118
PRI Segment Adjusted EBITDA					63				63
All Other									19
Corporate Costs									(15)
Depreciation and Amortization									(64)
Share-based Compensation									(9)
Gain on Sale of Business									70
Restructuring Charges									(11)
Other Charges, Net									(3)
Operating Income									$	237

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	685	$	897	$	661	$	154	$	2,397
Direct Costs(a)	(446)		(537)		(450)
Other Expense(b)	(96)		(114)		(86)
DRE Segment Adjusted EBITDA	143								143
WCC Segment Adjusted EBITDA			246						246
PRI Segment Adjusted EBITDA					125				125
All Other									23
Corporate Costs									(30)
Depreciation and Amortization									(126)
Share-based Compensation									(16)
Gain on Sale of Business									70
Restructuring Charges									(40)
Other Charges, Net									(16)
Operating Income									$	379

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

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DRE Results

	Three Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	291		$	335		$	(44)	(13)	%
Direct Costs	(192)			(220)			28		13	%
Other Expense	(41)			(46)			5		11	%
Segment Adjusted EBITDA	$	58		$	69		$	(11)	(16)	%
Segment Adj EBITDA Margin	19.9		%	20.6		%	n/m		(67)	bps

	Six Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	612		$	685		$	(73)	(11)	%
Direct Costs	(396)			(446)			50		11	%
Other Expense	(86)			(96)			10		10	%
Segment Adjusted EBITDA	$	130		$	143		$	(13)	(9)	%
Segment Adj EBITDA Margin	21.2		%	20.9		%	n/m		37	bps

DRE revenues of $291 million and $612 million in the three and six months ended June 30, 2026, decreased $44 million or 13%, and decreased $73 million or 11% compared to $335 million and $685 million in the three and six months ended June 30, 2025, respectively.

Of the second quarter year-over-year revenue decrease, approximately 50% of the decrease was from lower activity in wireline and approximately 45% of the decrease from lower activity in drilling related services. Geographically, approximately 35% of the revenue decrease was from Middle East/North Africa/Asia, while North America and Latin America each accounted for approximately 30% of the decrease. The Iran Conflict was the primary contributor to the decline of activity in the Middle East/North Africa/Asia region.

Of the year-to-date year-over-year revenue decrease, approximately 50% of the decrease was attributable to lower wireline activity, with the remaining decrease split equally between lower managed pressure drilling activity and lower drilling related services activity. Geographically, approximately 40% of the revenue decrease was from Latin America, approximately 35% of the decrease was from Middle East/North Africa/Asia and approximately 30% of the decrease was from the North America region. This was partly offset by a revenue increase in Europe/Sub-Sahara Africa/Russia.

DRE segment adjusted EBITDA of $58 million and $130 million in the three and six months ended June 30, 2026, decreased $11 million or 16%, and decreased $13 million or 9% compared to $69 million and $143 million in the three and six months ended June 30, 2025, respectively. DRE segment adjusted EBITDA margin was 19.9% and 21.2% in the three and six months ended June 30, 2026 compared to 20.6% and 20.9% in the three and six months ended June 30, 2025, respectively. The second quarter and year-to-date segment adjusted EBITDA decreased year-over-year primarily due to a decline in overall activity. In the second quarter, both direct costs and other expense decreased along with the decrease in activity. The rate of decrease for direct costs and other expense was lower than the decrease in revenue, contributing to the decrease in margin. Year-to-date, both direct costs and other expense decreased along with the decrease in revenue. The rate of decrease for direct costs was higher than the decrease in revenue, resulting in a slight increase in margin.

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WCC Results

	Three Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	433		$	456		$	(23)	(5)	%
Direct Costs	(272)			(279)			7		3	%
Other Expense	(54)			(59)			5		8	%
Segment Adjusted EBITDA	$	107		$	118		$	(11)	(9)	%
Segment Adj EBITDA Margin	24.7		%	25.9		%	n/m		(117)	bps

	Six Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	876		$	897		$	(21)	(2)	%
Direct Costs	(548)			(537)			(11)		(2)	%
Other Expense	(111)			(114)			3		3	%
Segment Adjusted EBITDA	$	217		$	246		$	(29)	(12)	%
Segment Adj EBITDA Margin	24.8		%	27.4		%	n/m		(265)	bps

WCC revenues of $433 million and $876 million in the three and six months ended June 30, 2026, decreased $23 million, or 5%, and decreased $21 million or 2%, compared to $456 million and $897 million in the three and six months ended June 30, 2025, respectively.

The second quarter year-over-year decrease was primarily due to lower activity for liner hangers which was responsible for approximately 70% of the decrease within product lines with revenue decreases. This was partly offset by a revenue increase from completions activity. Geographically, approximately all of the revenue decrease was from the Middle East/North Africa/Asia region. The Iran Conflict was the primary contributor to the decline of activity in the Middle East/North Africa/Asia region. The decrease in revenue was partly offset by a revenue increase in the Latin America region.

The year-to-date year-over-year revenue decrease was primarily due to lower activity in well services, liner hangers and cementation products, which accounted for approximately 40%, 30% and 25% of the decrease, respectively, among product lines with revenue decreases. This was partly offset by a revenue increase from completions activity. Geographically, all of the revenue decrease was from the Middle East/North Africa/Asia region. This was partly offset by a revenue increase in the Latin America region.

WCC segment adjusted EBITDA of $107 million and $217 million in the three and six months ended June 30, 2026, decreased $11 million or 9%, and decreased $29 million or 12%, compared to $118 million and $246 million in the three and six months ended June 30, 2025, respectively. WCC segment adjusted EBITDA margin was 24.7% and 24.8% in the three and six months ended June 30, 2026, compared to 25.9% and 27.4% in the three and six months ended June 30, 2025, respectively. The second quarter segment adjusted EBITDA decreased year-over-year primarily due to lower activity in the Middle East/North Africa/Asia region. In the second quarter, both direct costs and other expense decreased along with the decrease in activity. However, the rate of decrease in direct costs was lower than the rate of decrease in revenue, contributing to the decrease in margin. The year-to-date segment adjusted EBITDA decreased year-over-year primarily due to lower activity in the Middle East/North Africa/Asia region and an increase in direct operating costs. Year-to-date, direct costs increased while revenue decreased causing the decrease in margin.

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PRI Results

	Three Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	316		$	327		$	(11)	(3)	%
Direct Costs	(206)			(220)			14		6	%
Other Expense	(40)			(44)			4		9	%
Segment Adjusted EBITDA	$	70		$	63		$	7	11	%
Segment Adj EBITDA Margin	22.2		%	19.3		%	n/m		289	bps

	Six Months Ended						Variance
($ in Millions)	June 30, 2026			June 30, 2025			$		% or bps
Revenue	$	612		$	661		$	(49)	(7)	%
Direct Costs	(409)			(450)			41		9	%
Other Expense	(79)			(86)			7		8	%
Segment Adjusted EBITDA	$	124		$	125		$	(1)	(1)	%
Segment Adj EBITDA Margin	20.3		%	18.9		%	n/m		135	bps

PRI revenues of $316 million and $612 million in the three and six months ended June 30, 2026, decreased $11 million or 3% and decreased $49 million or 7%, compared to $327 million and $661 million in the three and six months ended June 30, 2025, respectively.

The second quarter year-over-year revenue decrease was primarily due to a decline in activity for artificial lift which was responsible for approximately 75% of the decrease within product lines with revenue decreases. This was partly offset by a revenue increase from pressure pumping activity. Geographically, within the regions with revenue decreases, approximately 75% of the decrease was from North America. This was partly offset by a revenue increase in the Europe/Sub-Sahara Africa/Russia region.

The year-to-date year-over-year revenue decrease was primarily due to lower activity in artificial lift and intervention services and drilling tools, which accounted for approximately 60% and 40% of the decrease, respectively. Geographically, within the regions with revenue decreases, approximately 60% of the decrease was from North America and approximately 30% of the decrease was from Latin America. This was partly offset by a revenue increase in the Europe/Sub-Sahara Africa/Russia region.

PRI segment adjusted EBITDA of $70 million and $124 million in the three and six months ended June 30, 2026, increased $7 million or 11%, and decreased $1 million or 1%, compared to $63 million and $125 million in the three and six months ended June 30, 2025, respectively. PRI segment adjusted EBITDA margin was 22.2% and 20.3% in the three and six months ended June 30, 2026, compared to 19.3% and 18.9% in the three and six months ended June 30, 2025, respectively. The second quarter segment adjusted EBITDA increased year-over-year primarily due to higher margin activity in intervention services and drilling tools. In the second quarter, both direct costs and other expense decreased along with the decrease in activity. The rate of decrease for direct costs and other expense was higher than the rate of decrease in revenue, contributing to the increase in margin. The year-to-date segment adjusted EBITDA decreased slightly year-over-year with a decline in overall activity offset by reduction of costs and increased higher margin activity in digital solutions. Year-to-date, both direct costs and other expense decreased along with the decrease in revenue. The rate of decrease for direct costs and other expense was higher than the rate of decrease in revenue, contributing to the increase in margin.

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All Other Results

All Other results were from non-core business activities that do not individually meet the criteria for segment reporting, including integrated services and projects, which includes pass-through and project management services.

All Other revenues were $65 million and $157 million in the three and six months ended June 30, 2026, compared to $86 million and $154 million in the three and six months ended June 30, 2025. In the second quarter, the year-over-year decrease was due to lower activity in the Middle East/North Africa/Asia region following the completion of certain integrated services and projects that were not renewed. Year-to-date, the year-over-year increase was due to higher international activity for integrated services and projects.

Corporate Costs

Corporate incurred net expense was $18 million and $34 million in the three and six months ended June 30, 2026 compared to $15 million and $30 million in the three and six months ended June 30, 2025. The year-over-year increase was primarily due to an increase in employee incentive programs.

Depreciation and Amortization

Depreciation and amortization expense was $71 million and $141 million in the three and six months ended June 30, 2026 compared to $64 million and $126 million in the three and six months ended June 30, 2025. The year-over-year increase was primarily due to a larger asset base.

Share-based Compensation

We recognized $11 million and $23 million of share-based compensation in the three and six months ended June 30, 2026 compared to $9 million and $16 million in the three and six months ended June 30, 2025. The year-over-year increase was primarily due to the timing of equity grants and increased expense related to performance-based awards.

Outlook

Growth and spending in the energy services industry is highly dependent on many external factors. These include but are not limited to; the impact from geopolitical conflicts; our customers’ capital expenditures; environmental, social and other sustainability policies and initiatives; world economic, political, trade, and weather conditions; the price of oil, natural gas, and alternatives; member-country quota compliance within the Organization of Petroleum Exporting Countries and the expanded alliance (OPEC+); and, non-OPEC+ investments and project timing. Imbalances across geographies driven by geopolitical conflicts, investment variances and supply disruptions are driving a greater focus on energy security and resiliency, which in turn is creating a shift towards national oil companies and diversification across multiple energy sources (oil, gas, coal, renewables, etc.) to meet domestic and global demand.

As we look forward to the third quarter, the pace of recovery in the Middle East remains the primary factor influencing our near-term outlook. Ongoing geopolitical tensions and operational disruptions continue to create uncertainty around the timing of a full return to normalized conditions. For the remainder of 2026, we expect activity levels to gradually recover while recognizing the potential for continued volatility. We continue to closely monitor geopolitical developments, customer spending patterns, supply chain conditions, trade policies, inflationary pressures, and labor and logistical constraints that could impact our operations and financial results.

Over the mid to long-term, we continue to believe the industry is supported by structural demand drivers rooted in energy security, infrastructure development, and the need for reliable and diversified energy supply. While near-term activity levels may remain uneven across certain markets, we believe our differentiated technologies, growing offshore and deepwater opportunities, operational execution, and disciplined capital allocation position us well to capitalize on long-cycle growth opportunities.

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Liquidity and Capital Resources

At June 30, 2026, we had cash and cash equivalents of $1.1 billion and $37 million in restricted cash, compared to $987 million of cash and cash equivalents and $55 million in restricted cash at December 31, 2025.

The following table summarizes cash flows provided by (used in) each type of business activity in the periods presented:

	Six Months Ended June 30,
(Dollars in millions)	2026		2025
Net Cash Provided by Operating Activities	$	311	$	270
Net Cash Used in Investing Activities	$	(110)	$	(36)
Net Cash Used in Financing Activities	$	(105)	$	(230)

Operating Activities

Cash provided by operating activities was $311 million for the six months ended June 30, 2026 compared to cash provided by operating activities of $270 million for the six months ended June 30, 2025. The increase in cash provided by operating activities in the first six months of 2026 over the same period in 2025 was primarily due to lower payments on accounts payable and lower employee costs, partially offset by lower accounts receivable collections.

Investing Activities

Cash used in investing activities was $110 million for the six months ended June 30, 2026. The primary investing use of cash was for capital expenditures of $96 million. Cash used in investing activities also includes $12 million in equity investments. Cash used in investing activities also includes the use of the Blue Chip Swap mechanism in Argentina, of which the purchases of $14 million offset the proceeds of $14 million.

Cash used in investing activities was $36 million for the six months ended June 30, 2025. The primary investing activities were cash used for capital expenditures of $131 million, partially offset by $97 million of proceeds received from the sale of our pressure pumping business in Argentina. Cash used in investing activities also includes the use of the Blue Chip Swap mechanism in Argentina, of which the purchases of $83 million offset the proceeds of $82 million.

Financing Activities

Cash used in financing activities was $105 million for the six months ended June 30, 2026. The primary financing uses of cash were for cash dividends of $40 million, share repurchases of $26 million (see “Note 9 – Shareholders’ Equity”), tax remittances on equity awards vested of $18 million and repayments of long-term debt of $17 million.

Cash used in financing activities was $230 million for the six months ended June 30, 2025. The primary financing uses of cash were share repurchases of $87 million, repayments and repurchases of long-term debt of $73 million, cash dividends of $36 million and tax remittances on equity awards of $20 million.

Sources of Liquidity

Our sources of available liquidity include cash generated by our operations, cash and cash equivalent balances, and periodic accounts receivable factoring. From time to time, we may enter into transactions to dispose of businesses or capital assets that no longer fit our long-term strategy. We historically have accessed banks for short-term loans and the capital markets for debt and equity offerings. Based upon current and anticipated levels of operations and collections, we expect to have sufficient cash from operations and cash on hand to fund our cash requirements (discussed below), both in the short-term and long-term.

Cash Requirements

Our cash requirements will continue to include payments for principal and interest on our long-term debt, capital expenditures, payments on our finance and operating leases, payments for short-term working capital needs and operating costs.

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In the near term we anticipate cash uses to include costs related to our Redomestication, mergers and acquisition activity and restructuring costs. We expect to utilize cash in our capital allocation framework, which includes investments in technology and infrastructure upgrades, and in strategic mergers and acquisitions. Our cash requirements also include personnel costs, including awards under our employee incentive programs and other amounts to settle litigation related matters.

In addition, we have derivative financial instruments where we have notional amounts that do not generally represent cash amounts exchanged by the parties and are calculated based on the terms of the derivative instrument, however, in the event of a related default, we could potentially be required to pay. See further discussion in our Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”). Our cash requirements also include payments for our shareholder returns programs described in “Note 9 – Shareholders’ Equity.”

As of June 30, 2026, we had outstanding debt of $236 million in aggregate principal amount for our 2030 Senior Notes and $1.2 billion in aggregate principal amount for our 2033 Senior Notes. We expect to pay $103 million in interest payments in 2026 specific to these notes. See “Note 7 – Borrowings and Other Debt Obligations” for additional information.

Our capital spend is expected to be 3-5% of revenue over a 12 to 18 month rolling period and our 2026 capital spend is projected to be within the same framework. Our payments on our operating and finance leases in 2026 are expected to be approximately $61 million and $37 million, respectively.

Cash and cash equivalents and restricted cash are held by subsidiaries outside of Ireland. At June 30, 2026 and December 31, 2025, we had approximately $156 million and $31 million, respectively, of our cash and cash equivalents that cannot be immediately repatriated from various countries due to country central bank controls or other regulations. As we continue to conduct business in certain countries with cash that cannot be immediately repatriated, we may consider infrequent transactions to safeguard our cash from exposure to the effects of inflation and currency devaluation. Repatriation of those cash balances might result in incremental taxes or costs.

Ratings Services’ Credit Ratings

Our credit ratings at December 31, 2025 have been maintained as follows:

•Moody's Investors Service maintained a Corporate Family Rating of Ba2 and a positive outlook

•Standard and Poor maintained issuer credit ratings of ‘BB;’ with a stable outlook

•Fitch Ratings maintained our issuer credit ratings of ‘BB;’ with a stable outlook

Customer Receivables

We may experience delays or defaults in customer payments due to, among other reasons, a weaker economic environment, reductions in our customers’ cash flow from operations, our customers’ inability to access credit markets or reach acceptable financing terms, as well as unsettled political and/or social conditions. Allowances have been recorded for receivables believed to be uncollectible, including amounts for the resolution of potential credit and other collection issues such as disputed invoices. Adjustments to the allowance are made depending on how potential issues are resolved and the financial condition of our customers. In addition, our customers are primarily in fossil fuel-related industries and broad declines in demand for or pricing of oil or natural gas might impact the collections of our customer receivables.

Our net accounts receivables in Mexico were 25% and 27% of our total net accounts receivables, as of June 30, 2026 and December 31, 2025, respectively, of which our largest customer in the country accounted for 21% and 24% of our total net outstanding accounts receivables, respectively. Our largest customer in Mexico has a history of making late payments and, at times in the past, has utilized third-party financial institutions to pay certain of our receivables. The balances due are not in dispute, however, additional or continued delays in customer payments in the future could differ from historical practice and management’s current expectations; and delays or failures to pay or defaults, if any, could negatively impact the future results of the Company.

As of June 30, 2026 and December 31, 2025, our net accounts receivables in the U.S were 10% and 11% of total net accounts receivables, respectively. Our net accounts receivables in Russia was 12% of total net accounts receivables as of June 30, 2026. Except for the above, no other country accounted for more than 10% of our net accounts receivables balance.

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Accounts Receivable Factoring

From time to time, we participate in factoring arrangements to sell accounts receivable to third-party financial institutions for cash proceeds net of discounts and hold-back. During the three and six months ended June 30, 2026, we sold accounts receivable balances of $7 million and $13 million, and received cash proceeds of $7 million and $13 million, respectively, at the time of factoring. During the three and six months ended June 30, 2025, we sold accounts receivable balances of $88 million and $143 million, and received cash proceeds of $86 million and $141 million, respectively, at the time of factoring.

The above factoring proceeds were included in Net Cash Provided by Operating Activities in the Condensed Consolidated Statements of Cash Flows.

Guarantees

Our 2030 Senior Notes were issued by Weatherford International Ltd. (“Weatherford Bermuda”) and guaranteed by the Company and other subsidiary guarantors party thereto. On December 1, 2022, the indenture related to our 2030 Senior Notes was amended and supplemented to add Weatherford International, LLC (now Weatherford US Holding, LLC following a name change effective March 19, 2026, “Weatherford Delaware”) as co-issuer and co-obligor, and concurrently released the guarantee of Weatherford Delaware.

Our 2033 Senior Notes were issued by Weatherford Bermuda and guaranteed by the Company and other subsidiary guarantors party thereto. On October 24, 2025, the indenture related to our 2033 Senior Notes was amended and supplemented to add Weatherford Delaware as co-issuer and co-obligor, and concurrently released the guarantee of Weatherford Delaware.

Credit Agreement, Letters of Credit and Surety Bonds

Weatherford Bermuda, Weatherford Delaware, Weatherford Canada Ltd. (“Weatherford Canada”) and WOFS International Finance GmbH (“Weatherford Switzerland”), together as borrowers, and the Company as parent, have an amended and restated credit agreement (the “Credit Agreement”). The Credit Agreement is guaranteed by the Company and certain of our subsidiaries and secured by substantially all of the personal property of the Company and those subsidiaries. At June 30, 2026 and December 31, 2025, the Credit Agreement allowed for a total commitment amount of $1 billion, maturing on the date that occurs first: (a) September 18, 2030 or (b) if more than $200 million of the 2030 Senior Notes remain outstanding, the date that is 91 days before the maturity of those notes. Financial covenants in the Credit Agreement include a $250 million minimum liquidity covenant (which may increase up to $400 million dependent on the nature of transactions we may decide to enter into), a minimum interest coverage ratio of 2.50 to 1.00, a maximum total net leverage ratio of 3.50 to 1.00, and a maximum secured net leverage ratio of 1.50 to 1.00.

As of June 30, 2026, under the Credit Agreement we had zero borrowings, $4 million in financial letters of credit and $243 million in performance letters of credit outstanding. Additionally as of June 30, 2026, we had $233 million letters of credit under various uncommitted bi-lateral facilities ($32 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

As of December 31, 2025, under the Credit Agreement we had zero borrowings, $7 million in financial letters of credit and $245 million in performance letters of credit outstanding. Additionally as of December 31, 2025, we had $207 million of letters of credit under various uncommitted bi-lateral facilities ($47 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

We utilize surety bonds as part of our customary business practice in certain regions, primarily Latin America. As of June 30, 2026 and December 31, 2025, we had surety bonds outstanding of $540 million and $629 million, respectively. Any of our outstanding letters of credit or surety bonds could be called by the beneficiaries should we breach certain contractual or performance obligations and could reduce our available liquidity if we are unable to mitigate the issue.

Forward-Looking Statements

This report contains various statements relating to future financial performance and results, business strategy, plans, goals and objectives, including certain projections, business trends, our shareholder returns program, and other statements that are not historical facts. These statements constitute forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “budget,” “strategy,” “plan,”

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“guidance,” “outlook,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words.

Forward-looking statements reflect our beliefs and expectations based on current estimates and projections. While we believe these expectations, and the estimates and projections on which they are based, are reasonable and were made in good faith, these statements are subject to numerous risks and uncertainties. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecasted in the forward-looking statements. The forward-looking statements included herein are only made as of the date of this report, or if earlier, as of the date they were made, and we undertake no obligation to correct, update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required under federal securities laws. The following, together with disclosures under the heading “Item 1A. Risk Factors” in our 2025 Form 10-K, Part I, and “Part II – Other Information – Item 1A. Risk Factors” of this Form 10-Q, sets forth certain risks and uncertainties relating to our forward-looking statements that may cause actual results to be materially different from our present expectations or projections:

•global political, economic and market conditions, political disturbances, war or other global conflicts, terrorist attacks, changes in global trade policies, tariffs and sanctions, weak local economic conditions and international currency fluctuations (including the Russia Ukraine Conflict, the Iran Conflict and other conflicts in the Middle East);

•general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns;

•failure to ensure on-going compliance with current and future laws and government regulations, including but not limited to those related to the Russia Ukraine Conflict, and environmental and tax and accounting laws, rules and regulations;

•changes in, and the administration of, treaties, laws, and regulations, including in response to issues related to the Russia Ukraine Conflict such as nationalization of assets, and the potential for such issues to exacerbate other risks and uncertainties listed or referenced;

•increases in the prices and lead times, and the lack of availability of our procured products and services, including due to macroeconomic and geopolitical conditions such as tariffs and changes in trade policies;

•our ability to timely collect from customers;

•cybersecurity incidents, as our reliance on digital technologies increases, those digital technologies may become more vulnerable and/or experience a higher rate of cybersecurity attacks, intrusions or incidents in the current environment of remote connectivity, as well as increased geopolitical conflicts and tensions, including as a result of the Russia Ukraine Conflict;

•our ability to comply with, and respond to, climate change, environmental, social and governance and other “sustainability” initiatives and future legislative and regulatory measures both globally and in the specific geographic regions in which we and our customers operate;

•our ability to effectively and timely address the need to conduct our operations and provide services to our customers more sustainably and with a lower carbon footprint;

•the price and price volatility of, and demand for, oil, natural gas and natural gas liquids;

•member-country quota compliance within the Organization of Petroleum Exporting Countries;

•our ability to realize expected revenues and profitability levels from current and future contracts;

•our ability to generate cash flow from operations to fund our operations;

•our ability to effectively and timely adapt our technology portfolio, products and services to remain competitive and to address and participate in changes to the market demands, including for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts;

•our ability to realize cost savings and business enhancements from our revenue and cost improvement efforts;

•our ability to effectively execute our capital allocation framework;

•our ability to attract, motivate and retain employees, including key personnel;

•our ability to access the capital markets on terms that are commercially acceptable to the Company;

•our ability to manage our workforce, supply chain challenges and disruptions, business processes, information technology systems and technological innovation and commercialization, including the impact of our organization restructure, business enhancements, improvement efforts and the cost and support reduction plans;

•our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases;

•our ability to service our debt obligations;

•potential non-cash asset impairment charges for long-lived assets, intangible assets or other assets;

•adverse weather conditions in certain regions of our operations;

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•risks associated with disease outbreaks and other public health issues, including a pandemic, their impact on the global economy and our business, customers, suppliers and other partners; further spread and potential for a resurgence of a pandemic in a given geographic region and related disruptions to our business, employees, customers, suppliers and other partners and additional regulatory measures or voluntary actions that may be put in place to limit the spread of a pandemic, including vaccination requirements and the associated availability of vaccines, restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions;

•our ability to receive, in a timely manner and on satisfactory terms, required shareholder and court approval, and to satisfy the other conditions to the Redomestication within the expected timeframe or at all;

•our ability to realize the expected benefits from the Redomestication;

•the occurrence of difficulties in connection with the Redomestication, including any costs related thereto;

•the risk that the Proposed Transaction is not consummated as expected, in a timely manner or at all; and

•the risk that any of the anticipated benefits of the Proposed Transaction will not be realized or will not be realized within the expected time period.

Many of these factors are macroeconomic in nature and are, therefore, beyond our control. Should one or more of these risks or uncertainties materialize, affect us in ways or to an extent that we currently do not expect or consider to be significant, or should underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from those described in this report as anticipated, believed, estimated, expected, intended, planned or projected.

Finally, our future results will depend upon various other risks and uncertainties, including, but not limited to, those detailed in our current and past filings with the SEC under the Exchange Act and the Securities Act of 1933, as amended.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Our exposure to market risk has not changed materially since December 31, 2025. For additional information, see “Note 7 – Borrowings and Other Debt Obligations” in the Notes to Condensed Consolidated Financial Statements, as well as “Other Expense, Net” and “Liquidity and Capital Resources” under Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures. Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. This information is collected and communicated to management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions regarding required disclosures.

Our management, under the supervision and with the participation of our CEO and CFO, evaluated the effectiveness of the design and operation of our disclosure controls and procedures at June 30, 2026. Based on that evaluation, our CEO and CFO concluded that our disclosure controls and procedures were effective as of June 30, 2026.

Our management identified no change in our internal control over financial reporting that occurred during the three months ended June 30, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

33

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

See “Note 8 – Disputes, Litigation and Legal Contingencies” in our Notes to Condensed Consolidated Financial Statements for details regarding our ongoing disputes and litigation.

Item 1A. Risk Factors.

An investment in our securities involves various risks. You should consider carefully all of the risk factors described in our 2025 Form 10-K, Part I, under the heading “Item 1A. Risk Factors” as supplemented by the risk factors described in our definitive proxy statement on Schedule 14A filed with the SEC on July 13, 2026 and Form S-4 registration statement filed with the SEC on July 6, 2026 and amended on July 17, 2026, and other information included and incorporated by reference in this report. As of June 30, 2026, there have been no material changes in our assessment of our risk factors from the aforementioned.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered Sales of Equity Securities

None.

Issuer Repurchases of Equity Securities

Following is a summary of our repurchases of our ordinary shares during the three months ended June 30, 2026.

Period	Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of a Publicly Announced Program (1)	Maximum Dollar Value of Shares that may yet be Purchased Under the Program (1)
April 1 - 30	35,033	$101.19	35,033	$286,080,885
May 1 - 31	29,278	$107.88	29,278	$282,922,327
June 1 - 30	97,677	$90.48	97,677	$274,084,632
Total	161,988	$95.94	161,988

(1) On July 23, 2024, we announced a program under which we may repurchase our ordinary shares from time to time, up to $500 million through June 2027. Approximately $274 million remained authorized for repurchases as of June 30, 2026. From the inception of this program in July of 2024 through June 30, 2026, we have repurchased approximately 3.2 million ordinary shares for $226 million.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

During the three months ended June 30, 2026, no director or executive officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

34

Item 6. Exhibits.

All exhibits designated with a dagger (†) are filed herewith or double dagger (††) are furnished herewith.

Exhibit Number	Description	Original Filed Exhibit	File Number
†4.1	Supplemental Indenture, dated as of April 28, 2026, by and among Weatherford International Ltd., Weatherford US Holding, LLC (formerly known as Weatherford International LLC), the guarantors party thereto, and UMB Bank, N.A., as trustee		File No. 1-36504
†4.2	Supplemental Indenture, dated as of April 28, 2026, by and among Weatherford International Ltd., Weatherford US Holding, LLC (formerly known as Weatherford International LLC), the guarantors party thereto, and Deutsche Bank Trust Company, as trustee		File No. 1-36504
†4.3	Supplemental Indenture, dated as of May 26, 2026, by and among Weatherford International Ltd., Weatherford US Holding, LLC (formerly known as Weatherford International LLC), the guarantors party thereto, and UMB Bank, N.A., as trustee		File No. 1-36504
†4.4	Supplemental Indenture, dated as of May 26, 2026, by and among Weatherford International Ltd., Weatherford US Holding, LLC (formerly known as Weatherford International LLC), the guarantors party thereto, and Deutsche Bank Trust Company, as trustee		File No. 1-36504
10.1*	Weatherford International plc Fifth Amended and Restated 2019 Equity Incentive Plan	Exhibit 10.1 to Current Report on Form 8-K filed June 11, 2026	File No. 1-36504
†31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.		File No. 1-36504
†31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.		File No. 1-36504
††32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.		File No. 1-36504
††32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.		File No. 1-36504
†101.INS	XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document
†101.SCH	XBRL Taxonomy Extension Schema Document
†101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
†101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
†101.LAB	XBRL Taxonomy Extension Label Linkbase Document
†101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
†104	Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

* Management contract or compensatory arrangement.

35

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Weatherford International plc
Date:	July 22, 2026	By:	/s/ Anuj Dhruv
			Anuj Dhruv
			Executive Vice President and Chief Financial Officer
Date:	July 22, 2026	By:	/s/ Desmond J. Mills
			Desmond J. Mills
			Senior Vice President and Chief Accounting Officer

36

EX-4.1

THIRD SUPPLEMENTAL INDENTURE

THIS THIRD SUPPLEMENTAL INDENTURE, dated as of April 28, 2026 (this “Supplemental Indenture”), is among Weatherford International Ltd., a Bermuda exempted company limited by shares, and Weatherford US Holding, LLC, a Delaware limited liability company (formerly known as Weatherford International, LLC) (each, a “Co-Issuer” and, together, the “Co-Issuers”), the new guarantors listed on the signature pages hereto (each, a “New Guarantor” and, collectively, the “New Guarantors”), Weatherford International plc, an Irish public limited company (the “Parent Guarantor”), and UMB Bank, N.A., as trustee under the Indenture referred to herein (in such capacity, the “Trustee”).

W I T N E S S E T H:

WHEREAS, the Co-Issuers, the Parent Guarantor, the other Guarantors, and the Trustee have heretofore executed and delivered an Indenture, dated as of October 6, 2025 (the “Base Indenture” and, as amended, supplemented, waived, or otherwise modified from time to time as of the date hereof, including, without limitation, by that certain Supplemental Indenture dated as of October 24, 2025, collectively, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 6.750% Senior Notes due 2033 of the Co-Issuers (the “Notes”);

WHEREAS, pursuant to Section 9.1(d) of the Base Indenture, the Co-Issuers, the Parent Guarantor, and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder to add any entity as a guarantor of the Notes;

WHEREAS, each Co-Issuer desires to amend and supplement the Indenture to evidence the addition of each New Guarantor as a guarantor of the Notes;

WHEREAS, the Co-Issuers have delivered to the Trustee, and the Trustee has received, accepted and approved from the Co-Issuers, an Officers’ Certificate and an Opinion of Counsel in accordance with Sections 9.1(d), 11.3 and 11.4 of the Base Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Co-Issuer, each New Guarantor, the Parent Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

Article I.Definitions

Section 1.01Defined Terms. As used in this Supplemental Indenture, capitalized terms defined in the Indenture or in the preamble or recitals thereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this

|

Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

Article II.Agreement to Guarantee

Section 2.01Agreement to Guarantee. Each New Guarantor hereby agrees to become a Guarantor under the Indenture and to be bound by all of the terms and provisions of the Indenture applicable to Guarantors, including, but not limited to, Article X of the Base Indenture. Each New Guarantor hereby, jointly and severally, fully and unconditionally, with the Parent Guarantor and all other Guarantors, guarantees to each Holder and to the Trustee the Obligations pursuant to Article X of the Base Indenture on the terms and subject to the conditions set forth therein.

Article III.Miscellaneous

Section 3.01Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

Section 3.02Severability Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

Section 3.03Ratification of Indenture; Supplemental Indentures Part of Indenture; No Liability of Trustee. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of a Note heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture. Additionally, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Co-Issuers, the Parent Guarantor and the New Guarantors, and the Trustee makes no representation with respect to any such matters.

Section 3.04Counterparts. This Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Supplemental Indenture or any document to be signed in connection with this Supplemental Indenture shall be deemed to include electronic signatures,

|||

deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

Section 3.05Headings. The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

Section 3.06The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Co-Issuers, the Parent Guarantor and the New Guarantors.

|||

        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

WEATHERFORD US HOLDING, LLC,

a Delaware limited liability company

/s/ Maximiliano A. Kricorian        

Name: Maximiliano A. Kricorian

Title: Vice President and Treasurer

WEATHERFORD INTERNATIONAL LTD.,

a Bermuda exempted company limited by shares

/s/ Maximiliano A. Kricorian     

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

WEATHERFORD INTERNATIONAL PLC,

an Irish public limited company

/s/ Maximiliano A. Kricorian     

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

[Signature Page to Supplemental Indenture]

NEW GUARANTORS:

WFRD Holdings Inc., a Texas corporation

/s/ Beth Ann Dranguet                

    Name: Beth Ann Dranguet

    Title: Vice President and Secretary

WFRD Holdings GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

Weatherford International Holdings GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

Weatherford South America GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

[Signature Page to Supplemental Indenture]

UMB BANK, N.A.,as Trustee

By: /s/ Shazia Flores            

Name: Shazia Flores

Title: Vice President

[Signature Page to Supplemental Indenture]

EX-4.2

SUPPLEMENTAL INDENTURE

THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of April 28, 2026, is among Weatherford International Ltd., a Bermuda exempted company limited by shares, and Weatherford US Holding, LLC, a Delaware limited liability company (formerly known as Weatherford International, LLC) (each, a “Co-Issuer” and, together, the “Co-Issuers”), the new guarantors listed on the signature pages hereto (each, a “New Guarantor” and, collectively, the “New Guarantors”), Weatherford International plc, an Irish public limited company (the “Parent Guarantor”), and Deutsche Bank Trust Company Americas, as trustee under the Indenture referred to herein (in such capacity, the “Trustee”).

W I T N E S S E T H:

WHEREAS, the Co-Issuers, the Parent Guarantor, and the Trustee are parties to an Indenture, dated as of October 27, 2021 relating to the 8.625% Senior Notes due 2030 (the “Notes”) of the Co-Issuers (the “Base Indenture” and, as amended, supplemented or otherwise modified as of the date hereof, including, without limitation, by that certain Supplemental Indenture dated as of December 1, 2022, collectively, the “Indenture”);

WHEREAS, pursuant to Section 9.01(5) of the Base Indenture, the Co-Issuers, the Parent Guarantor and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder to add any entity as a guarantor of the Notes;

WHEREAS, each Co-Issuer desires to amend and supplement the Indenture to evidence the addition of each New Guarantor as a guarantor of the Notes;

WHEREAS, the Co-Issuers have delivered to the Trustee, and the Trustee has received, accepted and approved from the Co-Issuers, an Officers’ Certificate and an Opinion of Counsel in accordance with Sections 1.02, 1.03, 9.01(5), and 9.03 of the Base Indenture;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Co-Issuer, the Parent Guarantor, each New Guarantor, and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1.CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.AGREEMENT TO GUARANTEE. Each of the New Guarantors hereby agrees, jointly and severally, with the Parent Guarantor and all other Guarantors, to fully, irrevocably, unconditionally, and absolutely guarantee to each Holder and to the Trustee the Indenture Obligations, to the extent set forth in Article Fourteen of the Base Indenture and subject to the provisions thereof. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Guarantees are expressly set forth in Article Fourteen of the Base Indenture, and reference is hereby made to such Article for the precise terms of the Guarantees.

3.NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE.

4.COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. Signatures of the parties hereto transmitted by facsimile, PDF, electronic signature or other electronic transmission shall be deemed to be their original signatures for all purposes.

5.EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

6.THE TRUSTEE. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.

[Remainder of Page Intentionally Left Blank.

Signature Page Follows.]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

WEATHERFORD US HOLDING, LLC

a Delaware limited liability company

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Vice President and Treasurer

WEATHERFORD INTERNATIONAL LTD.

a Bermuda exempted company limited by shares

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

WEATHERFORD INTERNATIONAL PLC

an Irish public limited company

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

[Signature Page to Supplemental Indenture]

NEW GUARANTORS:

WFRD Holdings Inc., a Texas corporation

/s/ Beth Ann Dranguet        

    Name: Beth Ann Dranguet

    Title: Vice President and Secretary

WFRD Holdings GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

Weatherford International Holdings GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

Weatherford South America GmbH, a limited liability company under the laws of Switzerland


/s/ Mathias Neuenschwander            

    Name: Mathias Neuenschwander

    Title: Managing Officer

[Signature Page to Supplemental Indenture]

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

By: /s/ Carol Ng    

Name: Carol Ng

Title: Vice President

By: /s/ Arian Kalaba    
Name: Arian Kalaba
Title: Associate

[Signature Page to Supplemental Indenture]

EX-4.3

FOURTH SUPPLEMENTAL INDENTURE

THIS FOURTH SUPPLEMENTAL INDENTURE, dated as of May 26, 2026 (this “Supplemental Indenture”), is among Weatherford International Ltd., a Bermuda exempted company limited by shares, and Weatherford US Holding, LLC, a Delaware limited liability company (formerly known as Weatherford International, LLC) (each, a “Co-Issuer” and, together, the “Co-Issuers”), the new guarantors listed on the signature pages hereto (each, a “New Guarantor” and, collectively, the “New Guarantors”), Weatherford International plc, an Irish public limited company (the “Parent Guarantor”), and UMB Bank, N.A., as trustee under the Indenture referred to herein (in such capacity, the “Trustee”).

W I T N E S S E T H:

WHEREAS, the Co-Issuers, the Parent Guarantor, the other Guarantors, and the Trustee have heretofore executed and delivered an Indenture, dated as of October 6, 2025 (the “Base Indenture” and, as amended, supplemented, waived, or otherwise modified from time to time as of the date hereof, including, without limitation, by that certain Supplemental Indenture dated as of October 24, 2025, collectively, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 6.750% Senior Notes due 2033 of the Co-Issuers (the “Notes”);

WHEREAS, pursuant to Section 9.1(d) of the Base Indenture, the Co-Issuers, the Parent Guarantor, and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder to add any entity as a guarantor of the Notes;

WHEREAS, each Co-Issuer desires to amend and supplement the Indenture to evidence the addition of each New Guarantor as a guarantor of the Notes;

WHEREAS, the Co-Issuers have delivered to the Trustee, and the Trustee has received, accepted and approved from the Co-Issuers, an Officers’ Certificate and an Opinion of Counsel in accordance with Sections 9.1(d), 11.3 and 11.4 of the Base Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Co-Issuer, each New Guarantor, the Parent Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

Article I.Definitions

Section 1.01Defined Terms. As used in this Supplemental Indenture, capitalized terms defined in the Indenture or in the preamble or recitals thereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this

|

Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

Article II.Agreement to Guarantee

Section 2.01Agreement to Guarantee. Each New Guarantor hereby agrees to become a Guarantor under the Indenture and to be bound by all of the terms and provisions of the Indenture applicable to Guarantors, including, but not limited to, Article X of the Base Indenture. Each New Guarantor hereby, jointly and severally, fully and unconditionally, with the Parent Guarantor and all other Guarantors, guarantees to each Holder and to the Trustee the Obligations pursuant to Article X of the Base Indenture on the terms and subject to the conditions set forth therein.

Article III.Miscellaneous

Section 3.01Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

Section 3.02Severability Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

Section 3.03Ratification of Indenture; Supplemental Indentures Part of Indenture; No Liability of Trustee. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of a Note heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture. Additionally, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Co-Issuers, the Parent Guarantor and the New Guarantors, and the Trustee makes no representation with respect to any such matters.

Section 3.04Counterparts. This Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Supplemental Indenture or any document to be signed in connection with this Supplemental Indenture shall be deemed to include electronic signatures,

|||

deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

Section 3.05Headings. The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

Section 3.06The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Co-Issuers, the Parent Guarantor and the New Guarantors.

|||

        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

WEATHERFORD US HOLDING, LLC,

a Delaware limited liability company

/s/ Maximiliano A. Kricorian        

Name: Maximiliano A. Kricorian

Title: Vice President and Treasurer

WEATHERFORD INTERNATIONAL LTD.,

a Bermuda exempted company limited by shares

/s/ Maximiliano A. Kricorian        Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

WEATHERFORD INTERNATIONAL PLC,

an Irish public limited company

/s/ Maximiliano A. Kricorian        

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

[Signature Page to Supplemental Indenture]

NEW GUARANTORS:

Weatherford Irish Holdings 2 Limited., an

incorporated private company limited by shares under the laws of Ireland

/s/ Beth Ann Dranguet                

    Name: Beth Ann Dranguet

    Title: Assistant Secretary

Weatherford Irish Holdings 3 Limited., an

incorporated private company limited by shares under the laws of Ireland

/s/ Beth Ann Dranguet                

    Name: Beth Ann Dranguet

Title: Assistant Secretary

[Signature Page to Supplemental Indenture]

UMB BANK, N.A.,as Trustee

By: /s/ Shazia Flores        

Name: Shazia Flores

Title: Vice President

[Signature Page to Supplemental Indenture]

EX-4.4

SUPPLEMENTAL INDENTURE

THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 26, 2026, is among Weatherford International Ltd., a Bermuda exempted company limited by shares, and Weatherford US Holding, LLC, a Delaware limited liability company (formerly known as Weatherford International, LLC) (each, a “Co-Issuer” and, together, the “Co-Issuers”), the new guarantors listed on the signature pages hereto (each, a “New Guarantor” and, collectively, the “New Guarantors”), Weatherford International plc, an Irish public limited company (the “Parent Guarantor”), and Deutsche Bank Trust Company Americas, as trustee under the Indenture referred to herein (in such capacity, the “Trustee”).

W I T N E S S E T H:

WHEREAS, the Co-Issuers, the Parent Guarantor, and the Trustee are parties to an Indenture, dated as of October 27, 2021 relating to the 8.625% Senior Notes due 2030 (the “Notes”) of the Co-Issuers (the “Base Indenture” and, as amended, supplemented or otherwise modified as of the date hereof, including, without limitation, by that certain Supplemental Indenture dated as of December 1, 2022, collectively, the “Indenture”);

WHEREAS, pursuant to Section 9.01(5) of the Base Indenture, the Co-Issuers, the Parent Guarantor and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder to add any entity as a guarantor of the Notes;

WHEREAS, each Co-Issuer desires to amend and supplement the Indenture to evidence the addition of each New Guarantor as a guarantor of the Notes;

WHEREAS, the Co-Issuers have delivered to the Trustee, and the Trustee has received, accepted and approved from the Co-Issuers, an Officers’ Certificate and an Opinion of Counsel in accordance with Sections 1.02, 1.03, 9.01(5), and 9.03 of the Base Indenture;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Co-Issuer, the Parent Guarantor, each New Guarantor, and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1.CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.AGREEMENT TO GUARANTEE. Each of the New Guarantors hereby agrees, jointly and severally, with the Parent Guarantor and all other Guarantors, to fully, irrevocably, unconditionally, and absolutely guarantee to each Holder and to the Trustee the Indenture Obligations, to the extent set forth in Article Fourteen of the Base Indenture and subject to the provisions thereof. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Guarantees are expressly set forth in Article Fourteen of the Base Indenture, and reference is hereby made to such Article for the precise terms of the Guarantees.

3.NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE.

4.COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. Signatures of the parties hereto transmitted by facsimile, PDF, electronic signature or other electronic transmission shall be deemed to be their original signatures for all purposes.

5.EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

6.THE TRUSTEE. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.

[Remainder of Page Intentionally Left Blank.

Signature Page Follows.]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

WEATHERFORD US HOLDING, LLC

a Delaware limited liability company

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Vice President and Treasurer

WEATHERFORD INTERNATIONAL LTD.

a Bermuda exempted company limited by shares

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

WEATHERFORD INTERNATIONAL PLC

an Irish public limited company

/s/ Maximiliano A. Kricorian    

Name: Maximiliano A. Kricorian

Title: Senior Vice President and Treasurer

[Signature Page to Supplemental Indenture]

NEW GUARANTORS:

Weatherford Irish Holdings 2 Limited., an

incorporated private company limited by shares under the laws of Ireland

By: /s/ Mohammed Dadhiwala             

    Name: Mohammed Dadhiwala

    Title: Director

Weatherford Irish Holdings 3 Limited., an

incorporated private company limited by shares under the laws of Ireland

By: /s/ A.J. Masterson                

    Name: A. J. Masterson

Title: Director

[Signature Page to Supplemental Indenture]

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

By: /s/ Mary Miselis    

Name: Mary Miselis

Title: Vice President

By: /s/ Arian Kalaba    
Name: Arian Kalaba
Title: Associate

[Signature Page to Supplemental Indenture]

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Girishchandra K. Saligram, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Weatherford International plc;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a - 15(f) and 15d - 15(f)) for the registrant and have:

a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	July 22, 2026
/s/ Girishchandra K. Saligram
Girishchandra K. Saligram
President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Anuj Dhruv, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Weatherford International plc;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a - 15(f) and 15d - 15(f)) for the registrant and have:

a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	July 22, 2026
/s/ Anuj Dhruv
Anuj Dhruv
Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of Weatherford International plc (the "Company") for the period ended June 30, 2026 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Girishchandra K. Saligram, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Girishchandra K. Saligram
Name:	Girishchandra K. Saligram
Title:	President and Chief Executive Officer
Date:	July 22, 2026

A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

The certification the registrant furnishes in this exhibit is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.  Registration Statements or other documents filed with the Securities and Exchange Commission shall not incorporate this exhibit by reference, except as otherwise expressly stated in such filing.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of Weatherford International plc (the "Company") for the period ended June 30, 2026 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Anuj Dhruv, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Anuj Dhruv
Name:	Anuj Dhruv
Title:	Executive Vice President and Chief Financial Officer
Date:	July 22, 2026

A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

The certification the registrant furnishes in this exhibit is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.  Registration Statements or other documents filed with the Securities and Exchange Commission shall not incorporate this exhibit by reference, except as otherwise expressly stated in such filing.

XML

Cover - shares	6 Months Ended
	Jun. 30, 2026	Jul. 16, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Document Transition Report	false
Entity File Number	001-36504
Entity Registrant Name	Weatherford International plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0606750
Entity Address, Address Line One	2000 St. James Place
Entity Address, City or Town	Houston
Entity Address, Country	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	836.4000
Title of 12(b) Security	Ordinary shares, $0.001 par value per share
Trading Symbol	WFRD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		71,685,443
Entity Central Index Key	0001603923
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Amendment Flag	false

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Total Revenue	$ 1,105	$ 1,204	$ 2,257	$ 2,397
Costs and Expenses:
Research and Development	20	30	41	59
Selling, General and Administrative	172	164	340	325
Gain on Sale of Business	0	(70)	0	(70)
Restructuring Charges	9	11	22	40
Other Expense, Net	25	3	40	16
Total Costs and Expenses	998	967	2,027	2,018
Operating Income	107	237	230	379
Interest Expense, Net of Interest Income of $11, $14, $21 and $25	(16)	(21)	(33)	(47)
Other Expense, Net	(16)	(25)	(17)	(45)
Income Before Income Taxes	75	191	180	287
Income Tax Provision	(33)	(46)	(29)	(56)
Net Income	42	145	151	231
Net Income Attributable to Noncontrolling Interests	3	9	4	19
Net Income Attributable to Weatherford	$ 39	$ 136	$ 147	$ 212
Basic Income per Share (in dollars per share)	$ 0.55	$ 1.87	$ 2.05	$ 2.91
Basic Weighted Average Shares Outstanding (in shares)	71.9	72.2	71.9	72.7
Diluted Income per Share (in dollars per share)	$ 0.55	$ 1.87	$ 2.04	$ 2.90
Diluted Weighted Average Shares Outstanding (in shares)	72.2	72.4	72.2	72.9
Services
Revenue:
Total Revenue	$ 676	$ 732	$ 1,387	$ 1,473
Costs and Expenses:
Cost of Services and Products	443	464	919	928
Products
Revenue:
Total Revenue	429	472	870	924
Costs and Expenses:
Cost of Services and Products	$ 329	$ 365	$ 665	$ 720

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Parenthetical - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Interest income	$ 11	$ 14	$ 21	$ 25

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net Income	$ 42	$ 145	$ 151	$ 231
Foreign Currency Translation Adjustments	16	65	3	161
Comprehensive Income	58	210	154	392
Comprehensive Income Attributable to Noncontrolling Interests	3	9	4	19
Comprehensive Income Attributable to Weatherford	$ 55	$ 201	$ 150	$ 373

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and Cash Equivalents	$ 1,100	$ 987
Restricted Cash	37	55
Accounts Receivable, Net of Allowance for Credit Losses of $12 at June 30, 2026 and $10 at December 31, 2025	1,104	1,234
Inventories, Net	811	836
Other Current Assets	246	260
Total Current Assets	3,298	3,372
Property, Plant and Equipment, Net of Accumulated Depreciation of $1,220 at June 30, 2026 and $1,150 at December 31, 2025	1,131	1,124
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	265	285
Operating Lease Assets	118	128
Other Non-Current Assets	290	288
Total Assets	5,102	5,197
Liabilities:
Current Portion of Long-term Debt	30	30
Accounts Payable	625	650
Accrued Salaries and Benefits	241	285
Income Taxes Payable	95	129
Current Portion of Operating Lease Liabilities	42	48
Other Current Liabilities	374	395
Total Current Liabilities	1,407	1,537
Long-term Debt	1,450	1,455
Operating Lease Liabilities	100	109
Non-current Taxes Payable	217	242
Other Non-Current Liabilities	139	158
Total Liabilities	3,313	3,501
Shareholders’ Equity:
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 71.8 shares at June 30, 2026 and 71.6 at December 31, 2025	0	0
Capital in Excess of Par Value	2,794	2,815
Retained Deficit	(1,022)	(1,129)
Accumulated Other Comprehensive Income	16	13
Shareholders’ Equity	1,788	1,699
Noncontrolling Interests	1	(3)
Total Shareholders’ Equity	1,789	1,696
Total Liabilities and Shareholders’ Equity	$ 5,102	$ 5,197

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Losses	$ 12	$ 10
Property, Plant and Equipment, Accumulated Depreciation	1,220	1,150
Intangibles, Accumulated Amortization	$ 858	$ 828
Ordinary Shares, Par Value (in dollars per share)	$ 0.001	$ 0.001
Ordinary Shares, Authorized (in shares)	1,356.0	1,356.0
Ordinary Shares, Issued (in shares)	71.8	71.6
Ordinary Shares, Outstanding (in shares)	71.8	71.6

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net Income	$ 151	$ 231
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	141	126
Foreign Exchange Losses	6	30
Gain on Disposition of Assets	(13)	(4)
Gain on Sale of Business	0	(70)
Deferred Income Tax Provision	9	2
Share-Based Compensation	23	16
Changes in Accounts Receivable, Inventory, Accounts Payable, Accrued Salaries and Benefits and Income Taxes Payable:
Accounts Receivable	143	132
Inventories	(3)	(7)
Accounts Payable	(28)	(107)
Accrued Salaries and Benefits	(44)	(57)
Income Taxes Payable	(30)	(8)
Other Changes, Net	(44)	(14)
Net Cash Provided by Operating Activities	311	270
Cash Flows From Investing Activities:
Capital Expenditures for Property, Plant and Equipment	(96)	(131)
Proceeds from Disposition of Assets	9	6
Proceeds from Sale of Business	0	97
Purchases of Blue Chip Swap Securities	(14)	(83)
Proceeds from Sales of Blue Chip Swap Securities	14	82
Other Investing Activities	(23)	(7)
Net Cash Used in Investing Activities	(110)	(36)
Cash Flows From Financing Activities:
Repayments of Long-term Debt	(17)	(73)
Distributions to Noncontrolling Interests	(5)	(8)
Tax Remittance on Equity Awards Vested	(18)	(20)
Share Repurchases	(26)	(87)
Dividends Paid	(40)	(36)
Other Financing Activities	1	(6)
Net Cash Used in Financing Activities	(105)	(230)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(1)	24
Net Increase in Cash, Cash Equivalents and Restricted Cash	95	28
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,042	975
Cash, Cash Equivalents and Restricted Cash at End of Period	1,137	1,003
Supplemental Cash Flow Information:
Interest Paid	55	70
Income Taxes Paid, Net of Refunds	$ 82	$ 86

XML

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

1 – Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company,” “Weatherford,” “we,” “us,” or “our”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with our audited Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”).

The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates.

In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments, which consist of normal recurring adjustments, considered necessary by management to fairly state the results of operations, financial position and cash flows of Weatherford and its subsidiaries for the periods presented and are not necessarily indicative of the results that may be expected for a full year. Our financial statements have been prepared on a consolidated basis. Under this basis, our financial statements consolidate all wholly owned subsidiaries and controlled joint ventures. All intercompany accounts and transactions have been eliminated.

Summary of Significant Accounting Policies

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2025 Form 10-K for the discussion on our significant accounting policies. Certain reclassifications have been made to these Condensed Consolidated Financial Statements and accompanying footnotes for the three and six months ended June 30, 2025 to conform to the presentation for the three and six months ended June 30, 2026.

Accounting Standards Issued Not Yet Adopted

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2025 Form 10-K for the discussion on accounting pronouncements that have been issued but not yet effective for the interim periods presented that are not expected to have a material impact on our financial position or results of operations.

Evaluations of all other new accounting pronouncements that have been issued, but not yet effective are on-going, and at this time are not expected to have a material impact on our Condensed Consolidated Financial Statements.

XML

Segment Information

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Information

2 – Segment Information

Financial information by segment is summarized below. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our 2025 Form 10-K. We have three reportable segments: (1) Drilling and Evaluation “DRE,” (2) Well Construction and Completions “WCC,” and (3) Production and Intervention “PRI.”

The Company’s chief operating decision maker (“CODM”), our chief executive officer, uses segment adjusted EBITDA to measure the profitability of each segment. The regularly reviewed historical, current and forecasted segment adjusted EBITDA data is utilized by the CODM to allocate Company resources. The CODM also uses segment adjusted EBITDA to drive efficiencies and develop competitive strategies. Segment adjusted EBITDA is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. All Other includes results from non-core business activities (including integrated services and projects), and Corporate Costs includes overhead support and centrally managed or shared facilities costs. All Other and Corporate Costs do not individually meet the criteria for segment reporting.

	Three Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	291	$	433	$	316	$	65	$	1,105
Direct Costs(a)	(192)		(272)		(206)
Other Expense(b)	(41)		(54)		(40)
DRE Segment Adjusted EBITDA	58								58
WCC Segment Adjusted EBITDA			107						107
PRI Segment Adjusted EBITDA					70				70
All Other									6
Corporate Costs									(18)
Depreciation and Amortization									(71)
Share-based Compensation									(11)
Restructuring Charges									(9)
Other Charges, Net									(25)
Operating Income									$	107

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	612	$	876	$	612	$	157	$	2,257
Direct Costs(a)	(396)		(548)		(409)
Other Expense(b)	(86)		(111)		(79)
DRE Segment Adjusted EBITDA	130								130
WCC Segment Adjusted EBITDA			217						217
PRI Segment Adjusted EBITDA					124				124
All Other									19
Corporate Costs									(34)
Depreciation and Amortization									(141)
Share-based Compensation									(23)
Restructuring Charges									(22)
Other Charges, Net									(40)
Operating Income									$	230

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Three Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	335	$	456	$	327	$	86	$	1,204
Direct Costs(a)	(220)		(279)		(220)
Other Expense(b)	(46)		(59)		(44)
DRE Segment Adjusted EBITDA	69								69
WCC Segment Adjusted EBITDA			118						118
PRI Segment Adjusted EBITDA					63				63
All Other									19
Corporate Costs									(15)
Depreciation and Amortization									(64)
Share-based Compensation									(9)
Gain on Sale of Business									70
Restructuring Charges									(11)
Other Charges, Net									(3)
Operating Income									$	237

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	685	$	897	$	661	$	154	$	2,397
Direct Costs(a)	(446)		(537)		(450)
Other Expense(b)	(96)		(114)		(86)
DRE Segment Adjusted EBITDA	143								143
WCC Segment Adjusted EBITDA			246						246
PRI Segment Adjusted EBITDA					125				125
All Other									23
Corporate Costs									(30)
Depreciation and Amortization									(126)
Share-based Compensation									(16)
Gain on Sale of Business									70
Restructuring Charges									(40)
Other Charges, Net									(16)
Operating Income									$	379

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Depreciation and Amortization:
DRE	$	23	$	21	$	46	$	40
WCC	12		12		24		24
PRI	22		18		46		36
Corporate and Other	14		13		25		26
Total Depreciation and Amortization	$	71	$	64	$	141	$	126
Capital Expenditures:
DRE	$	16	$	25	$	35	$	50
WCC	13		8		24		16
PRI	5		15		10		46
Corporate and Other	8		6		27		19
Total Capital Expenditures	$	42	$	54	$	96	$	131

(Dollars in millions)	June 30, 2026		December 31, 2025
Total Assets:
DRE	$	935	$	931
WCC	995		1,055
PRI	790		771
Corporate and Other (a)	2,382		2,440
Total	$	5,102	$	5,197
(a) Corporate and other total assets primarily include cash and cash equivalents, certain intangible assets, and centrally managed or shared facilities.

PP&E, Net and Operating Lease Assets by Geographic Area

As of June 30, 2026 and December 31, 2025, the U.S. accounted for 22% and 23%, respectively, and the Kingdom of Saudi Arabia accounted for 13% at each period, of our PP&E, Net and operating lease assets identifiable by geography. No other country accounted for more than 10% of our PP&E, Net and operating lease assets identifiable by geography as of June 30, 2026 and December 31, 2025. We had no PP&E, Net and operating lease assets in our country of domicile (Ireland) as of June 30, 2026 and December 31, 2025.

(Dollars in millions)	June 30, 2026		December 31, 2025
North America (a)	$	299	$	314
Latin America	139		153
Middle East/North Africa/Asia	494		507
Europe/Sub-Sahara Africa/Russia	240		231
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,172	$	1,205
(a) North America consists of the U.S. and Canada.
(b) Corporate assets not allocated by geography are excluded from this total.

XML

Revenue

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue

3 – Revenue

Disaggregated Revenue

The following table disaggregates our revenue from contracts with customers by geographic area and includes equipment rental revenue. Equipment rental revenues were $22 million and $40 million in the three and six months ended June 30, 2026, respectively, and $32 million and $67 million for the three and six months ended June 30, 2025, respectively.

During the three and six months ended June 30, 2026, the U.S. accounted for 15% and 14% of total revenue, respectively. During the three and six months ended June 30, 2025, the U.S. accounted for 16% of total revenue in each period and the Kingdom of Saudi Arabia accounted for 11% of total revenue in each period. No other country accounted for more than 10% of our revenue in the periods presented.

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Revenue by Geographic Areas:
North America (a)	$	205	$	241	$	425	$	491
International	900		963		1,832		1,906
Middle East/North Africa/Asia	446		524		922		1,027
Latin America	197		195		420		436
Europe/Sub-Sahara Africa/Russia	257		244		490		443
Total Revenue	$	1,105	$	1,204	$	2,257	$	2,397
(a) North America consists of the U.S. and Canada.

Contract Balances

The timing of our revenue recognition, billings, and cash collections results in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of June 30, 2026 and December 31, 2025:

(Dollars in millions)	June 30, 2026		December 31, 2025
Receivables for Products and Services in Accounts Receivable, Net	$	1,083	$	1,209
Receivables for Equipment Rentals in Account Receivable, Net	$	21	$	25
Accounts Receivable, Net	$	1,104	$	1,234
Contract Assets in Other Current Assets	$	85	$	71
Contract Assets in Other Non-Current Assets	$	30	$	32
Contract Liabilities in Other Current Liabilities	$	60	$	48
Contract Liabilities in Other Non-Current Liabilities	$	2	$	2

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Restructuring Charges

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Restructuring Charges

4 – Restructuring Charges

Restructuring charges were $9 million and $22 million in the three and six months ended June 30, 2026, respectively, and $11 million and $40 million in the three and six months ended June 30, 2025, respectively, and are presented as “Restructuring Charges” on the accompanying Condensed Consolidated Statements of Operations. These charges were related to optimization and efficiency initiatives throughout the organization and primarily relate to severance expenses.

Restructuring liabilities were $20 million as of June 30, 2026 and $22 million as of December 31, 2025, respectively. Of the restructuring liabilities, $17 million and $19 million are recorded in “Other Current Liabilities” on the accompanying Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, respectively. The remaining $3 million is recorded in “Other Non-Current Liabilities” on the accompanying Condensed Consolidated Balance Sheets as of both June 30, 2026 and December 31, 2025, respectively. Changes in the liabilities are primarily driven by restructuring charges and cash payments.

The following table presents total restructuring charges by segment and Corporate and Other in the three and six months ended June 30, 2026 and 2025:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
DRE	$	2	$	1	$	4	$	9
WCC	5		1		6		8
PRI	2		—		5		8
Corporate and Other	—		9		7		15
Total Restructuring Charges	$	9	$	11	$	22	$	40

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Inventories, Net

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Inventories, Net

5 – Inventories, Net

Inventories are reported net of reserves of $125 million and $118 million as of June 30, 2026 and December 31, 2025, respectively, and are presented by category in the table below:

(Dollars in millions)	June 30, 2026		December 31, 2025
Finished Goods	$	711	$	742
Work in Process and Raw Materials, Components and Supplies	100		94
Inventories, Net	$	811	$	836

The change in inventory reserves includes inventory charges, primarily offset by the disposal of inventory previously reserved. The charges are recorded in “Cost of Products” on our Condensed Consolidated Statements of Operations in the amount of $10 million and $21 million in the three and six months ended June 30, 2026, respectively, and $9 million and $14 million during the three and six months ended June 30, 2025, respectively.

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Intangibles, Net

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangibles, Net

6 – Intangibles, Net

The components of intangible assets, net were as follows:

(Dollars in millions)	June 30, 2026		December 31, 2025
Developed and Acquired Technology, Net of Accumulated Amortization of $595 at June 30, 2026 and $586 at December 31, 2025	$	119	$	118
Trade Names, Net of Accumulated Amortization of $263 at June 30, 2026 and $242 at December 31, 2025	146		167
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	$	265	$	285

Amortization expense was $16 million and $31 million in the three and six months ended June 30, 2026, respectively, and $15 million and $29 million in the three and six months ended June 30, 2025, respectively, and is reported in “Selling, General and Administrative” on our Condensed Consolidated Statements of Operations.

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Borrowings and Other Debt Obligations

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Borrowings and Other Debt Obligations

7 – Borrowings and Other Debt Obligations

(Dollars in millions)	June 30, 2026		December 31, 2025
Current Portion of Finance Leases	$	30	$	30
Current Portion of Long-term Debt	$	30	$	30
6.75% Senior Notes due 2033 “2033 Senior Notes”	$	1,182	$	1,181
8.625% Senior Notes due 2030 “2030 Senior Notes”	234		234
Finance Leases	34		40
Long-term Debt	$	1,450	$	1,455

2030 Senior Notes

On October 27, 2021, Weatherford International Ltd. (“Weatherford Bermuda”) issued 8.625% senior notes in aggregate principal amount of $1.6 billion maturing April 30, 2030 (the “2030 Senior Notes”). Interest on the 2030 Senior Notes is payable semiannually on June 1 and December 1 of each year, and commenced on June 1, 2022. On December 1, 2022, the indenture related to our 2030 Senior Notes was amended and supplemented to add Weatherford International, LLC (now Weatherford US Holding, LLC following a name change effective March 19, 2026, “Weatherford Delaware”) as co-issuer and co-obligor, and concurrently release the guarantee of Weatherford Delaware. At June 30, 2026 and December 31, 2025, the carrying value represented the remaining unpaid principal of $236 million, offset by unamortized deferred issuance cost of $2 million.

2033 Senior Notes

On October 6, 2025, Weatherford Bermuda issued 6.75% senior notes in aggregate principal amount of $1.2 billion maturing on October 15, 2033 (the “2033 Senior Notes”). Interest on the 2033 Senior Notes is payable semiannually on April 15th and October 15th of each year, beginning on April 15, 2026. On October 24, 2025, the indenture related to our 2033 Senior Notes was amended and supplemented to add Weatherford Delaware as co-issuer and co-obligor, and concurrently released the guarantee of Weatherford Delaware. At June 30, 2026, the carrying value represents the remaining unpaid principal of $1.2 billion, offset by unamortized deferred issuance cost of $18 million. At December 31, 2025, the carrying value represented the remaining unpaid principal of $1.2 billion, offset by unamortized deferred issuance cost of $19 million.

Credit Agreement

Weatherford Bermuda, Weatherford Delaware, Weatherford Canada Ltd. (“Weatherford Canada”) and WOFS International Finance GmbH (“Weatherford Switzerland”), together as borrowers, and the Company as parent, have an amended and restated credit agreement (the “Credit Agreement”). The Credit Agreement is guaranteed by the Company and certain of our subsidiaries and secured by substantially all of the personal property of the Company and those subsidiaries. At June 30, 2026 and December 31, 2025, the Credit Agreement allowed for a total commitment amount of $1 billion, maturing on the date that occurs first: (a) September 18, 2030 or (b) if more than $200 million of the 2030 Senior Notes remain outstanding, the date that is 91 days before the maturity of those notes. Financial covenants in the Credit Agreement include a $250 million minimum liquidity covenant (which may increase up to $400 million dependent on the nature of transactions we may decide to enter into), a minimum interest coverage ratio of 2.50 to 1.00, a maximum total net leverage ratio of 3.50 to 1.00, and a maximum secured net leverage ratio of 1.50 to 1.00.

As of June 30, 2026, under the Credit Agreement we had zero borrowings, $4 million in financial letters of credit and $243 million in performance letters of credit outstanding. Additionally as of June 30, 2026, we had $233 million letters of credit under various uncommitted bi-lateral facilities ($32 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

As of December 31, 2025, under the Credit Agreement we had zero borrowings, $7 million in financial letters of credit and $245 million in performance letters of credit outstanding. Additionally as of December 31, 2025, we had $207 million of letters of credit under various uncommitted bi-lateral facilities ($47 million of which was cash collateral held and recorded in “Restricted Cash” on the Condensed Consolidated Balance Sheets).

Fair Value

The fair value of our long-term debt fluctuates with changes in applicable interest rates among other factors. Fair value will exceed carrying value when the current market interest rate is lower than the interest rate at which the debt was originally issued and will be less than the carrying value when the market rate is greater than the interest rate at which the debt was originally issued. The fair value of our long-term debt is classified as Level 2 in the fair value hierarchy and is established based on observable inputs in less active markets. The table below presents the fair value and carrying value of our long-term debt (excluding finance leases).

	June 30, 2026				December 31, 2025
(Dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
8.625% Senior Notes due 2030	$	234	$	238	$	234	$	242
6.75% Senior Notes due 2033	$	1,182	$	1,225	$	1,181	$	1,226
Long-Term Debt (excluding Finance Leases)	$	1,416	$	1,463	$	1,415	$	1,468

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Disputes, Litigation and Legal Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Disputes, Litigation and Legal Contingencies

8 – Disputes, Litigation and Legal Contingencies

We are subject to lawsuits and claims arising out of the nature of our business. We have certain claims, disputes and pending litigation for which we do not believe a negative outcome is probable or for which we can only estimate a range of liability. It is possible, however, that an unexpected judgment could be rendered against us, or we could decide to resolve a case or cases, which would result in a liability that could be uninsured and beyond the amounts we currently have reserved and in some cases those losses could be material. If one or more negative outcomes were to occur relative to these cases, the aggregate impact to our financial condition could be material.

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Shareholders' Equity

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Shareholders' Equity

9 – Shareholders’ Equity

Shares issued and outstanding on our Condensed Consolidated Balance Sheets increased from 71.6 million as of December 31, 2025 to 71.8 million as of June 30, 2026. The increase was due to the issuance of 0.4 million of our ordinary shares for equity awards vested and delivered, net of shares withheld for taxes, partially offset by the cancellation of 0.2 million of our ordinary shares repurchased for $26 million.

During the six months ended June 30, 2026, we declared and paid $40 million in dividends and accrued an immaterial amount of dividend equivalent rights on share-based awards.

The following summarizes our shareholders’ equity activity for the three and six months ended June 30, 2026 and 2025:

(Dollars in millions)	Ordinary Shares	Par Value		Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2025	71.6	$	—	$	2,815	$	(1,129)	$	13	$	(3)	$	1,696
Net Income	—	—		—		108		—		1		109
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	0.4	—		(6)		—		—		—		(6)
Share Repurchases	(0.1)	—		(10)		—		—		—		(10)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Other Comprehensive Loss	—	—		—		—		(13)		—		(13)
Other	—	—		—		—		—		3		3
Balance at March 31, 2026	71.9	$	—	$	2,799	$	(1,041)	$	—	$	1	$	1,759
Net Income	—	—		—		39		—		3		42
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		11		—		—		—		11
Share Repurchases	(0.1)	—		(16)		—		—		—		(16)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Distributions to Noncontrolling Interests	—	—		—		—		—		(5)		(5)
Other Comprehensive Income	—	—		—		—		16		—		16
Other	—	—		—		—		—		2		2
Balance at June 30, 2026	71.8	$	—	$	2,794	$	(1,022)	$	16	$	1	$	1,789
(1) Includes dividend equivalent rights on share-based awards.

(Dollars in millions)	Ordinary Shares	Par Value		Capital In Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2024	72.1	$	—	$	2,921	$	(1,486)	$	(150)	$	(2)	$	1,283
Net Income	—	—		—		76		—		10		86
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	1.3	—		(34)		—		—		—		(34)
Share Repurchases	(0.8)	—		(53)		—		—		—		(53)
Dividends Declared ($0.25 per share) (1)	—	—		—		(18)		—		—		(18)
Other Comprehensive Income	—	—		—		—		96		—		96
Balance at March 31, 2025	72.6	$	—	$	2,834	$	(1,428)	$	(54)	$	8	$	1,360
Net Income	—	—		—		136		—		9		145
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		10		—		—		—		10
Share Repurchases	(0.8)	—		(34)		—		—		—		(34)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Distributions to Noncontrolling Interests	—	—		—		—		—		(8)		(8)
Other Comprehensive Income	—	—		—		—		65		—		65
Balance at June 30, 2025	71.8	$	—	$	2,810	$	(1,311)	$	11	$	9	$	1,519
(1) Includes dividend equivalent rights on share-based awards.

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2026 and 2025:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2025	$	1	$	12	$	13
Other Comprehensive Income	3		—		3
Balance at June 30, 2026	$	4	$	12	$	16
Balance at December 31, 2024	$	(156)	$	6	$	(150)
Other Comprehensive Income	161		—		161
Balance at June 30, 2025	$	5	$	6	$	11

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Income per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Income per Share

10 – Income per Share

A reconciliation of the number of shares used for the basic and diluted income per share calculation was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and shares in millions, except per share amounts)	2026		2025		2026		2025
Net Income Attributable to Weatherford	$	39	$	136	$	147	$	212
Basic Weighted Average Shares Outstanding	71.9		72.2		71.9		72.7
Dilutive Effect of Awards Granted in Stock Incentive Plan	0.3		0.2		0.3		0.2
Diluted Weighted Average Shares Outstanding	72.2		72.4		72.2		72.9
Basic Income per Share	$	0.55	$	1.87	$	2.05	$	2.91
Diluted Income per Share	$	0.55	$	1.87	$	2.04	$	2.90
Antidilutive Weighted Average Shares:
Equity Awards	0.4		0.7		0.3		0.6
Total Antidilutive Weighted Average Shares	0.4		0.7		0.3		0.6

Basic income per share for all periods presented equals net income available to shareholders divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Anti-dilutive weighted average shares represent securities that could potentially dilute income per share in the future and are excluded from the computation of income per share.

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Income Taxes

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

11 – Income Taxes

We recognized a tax expense of $33 million and $29 million for the three and six months ended June 30, 2026, respectively, compared to the three and six months ended June 30, 2025 where we recognized a tax expense of $46 million and $56 million, respectively. Income tax expense was lower in the three months ended June 30, 2026 compared to the same period in 2025 primarily due to decreased earnings before taxes. Income tax expense was lower in the six months ended June 30, 2026 compared with the corresponding period in 2025 primarily due to decreased earnings before taxes and increased recognition of benefits from previously uncertain tax positions. The recognized benefit amounts for the first quarters of 2026 and 2025 were $44 million and $26 million, respectively. We calculate our income tax provision using the estimated annual effective tax rate method in accordance with Accounting Standards Codification “ASC” 740 - Income Taxes.

The relationship between our pre-tax income or loss and our income tax provision or benefit varies from period to period due to various factors which include changes in total pre-tax income or loss, the jurisdictions in which our income is earned, the tax laws in those jurisdictions and in our operating structure. We provide for income taxes based on the laws and rates in effect in the countries in which operations are conducted, or in which we or our subsidiaries are considered residents for income tax purposes. Our income tax provisions are primarily driven by income in certain jurisdictions and withholding taxes on intercompany and third-party transactions that do not directly correlate to ordinary income or loss. Certain charges and impairments recognized do not result in a significant tax benefit as a result of being attributed to a non-income tax jurisdiction or our inability to forecast realization of the tax benefit of such losses. This is partially offset by the utilization of previously unbenefited deferred tax assets, such as net operating loss carryforwards.

We are continuously under tax examination in various jurisdictions and cannot predict the timing or outcome regarding the resolutions or if they will have a material impact on our financial statements.

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Subsequent Events

6 Months Ended

Jun. 30, 2026

Subsequent Events [Abstract]

Subsequent Events

12 – Subsequent Events

Declaration of cash dividend

On July 16, 2026, our Board of Directors declared a cash dividend of $0.275 per share of the Company’s ordinary shares, payable on September 3, 2026 to shareholders of record as of August 6, 2026.

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Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Basis of Presentation and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company,” “Weatherford,” “we,” “us,” or “our”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with our audited Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”).

The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates.

Principles of Consolidation

In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments, which consist of normal recurring adjustments, considered necessary by management to fairly state the results of operations, financial position and cash flows of Weatherford and its subsidiaries for the periods presented and are not necessarily indicative of the results that may be expected for a full year. Our financial statements have been prepared on a consolidated basis. Under this basis, our financial statements consolidate all wholly owned subsidiaries and controlled joint ventures. All intercompany accounts and transactions have been eliminated.

Accounting Standards Issued Not Yet Adopted

Accounting Standards Issued Not Yet Adopted

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2025 Form 10-K for the discussion on accounting pronouncements that have been issued but not yet effective for the interim periods presented that are not expected to have a material impact on our financial position or results of operations.

Evaluations of all other new accounting pronouncements that have been issued, but not yet effective are on-going, and at this time are not expected to have a material impact on our Condensed Consolidated Financial Statements.

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Financial Information by Segment

Financial information by segment is summarized below. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our 2025 Form 10-K. We have three reportable segments: (1) Drilling and Evaluation “DRE,” (2) Well Construction and Completions “WCC,” and (3) Production and Intervention “PRI.”

The Company’s chief operating decision maker (“CODM”), our chief executive officer, uses segment adjusted EBITDA to measure the profitability of each segment. The regularly reviewed historical, current and forecasted segment adjusted EBITDA data is utilized by the CODM to allocate Company resources. The CODM also uses segment adjusted EBITDA to drive efficiencies and develop competitive strategies. Segment adjusted EBITDA is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. All Other includes results from non-core business activities (including integrated services and projects), and Corporate Costs includes overhead support and centrally managed or shared facilities costs. All Other and Corporate Costs do not individually meet the criteria for segment reporting.

	Three Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	291	$	433	$	316	$	65	$	1,105
Direct Costs(a)	(192)		(272)		(206)
Other Expense(b)	(41)		(54)		(40)
DRE Segment Adjusted EBITDA	58								58
WCC Segment Adjusted EBITDA			107						107
PRI Segment Adjusted EBITDA					70				70
All Other									6
Corporate Costs									(18)
Depreciation and Amortization									(71)
Share-based Compensation									(11)
Restructuring Charges									(9)
Other Charges, Net									(25)
Operating Income									$	107

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2026
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	612	$	876	$	612	$	157	$	2,257
Direct Costs(a)	(396)		(548)		(409)
Other Expense(b)	(86)		(111)		(79)
DRE Segment Adjusted EBITDA	130								130
WCC Segment Adjusted EBITDA			217						217
PRI Segment Adjusted EBITDA					124				124
All Other									19
Corporate Costs									(34)
Depreciation and Amortization									(141)
Share-based Compensation									(23)
Restructuring Charges									(22)
Other Charges, Net									(40)
Operating Income									$	230

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Three Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	335	$	456	$	327	$	86	$	1,204
Direct Costs(a)	(220)		(279)		(220)
Other Expense(b)	(46)		(59)		(44)
DRE Segment Adjusted EBITDA	69								69
WCC Segment Adjusted EBITDA			118						118
PRI Segment Adjusted EBITDA					63				63
All Other									19
Corporate Costs									(15)
Depreciation and Amortization									(64)
Share-based Compensation									(9)
Gain on Sale of Business									70
Restructuring Charges									(11)
Other Charges, Net									(3)
Operating Income									$	237

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Six Months Ended June 30, 2025
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	685	$	897	$	661	$	154	$	2,397
Direct Costs(a)	(446)		(537)		(450)
Other Expense(b)	(96)		(114)		(86)
DRE Segment Adjusted EBITDA	143								143
WCC Segment Adjusted EBITDA			246						246
PRI Segment Adjusted EBITDA					125				125
All Other									23
Corporate Costs									(30)
Depreciation and Amortization									(126)
Share-based Compensation									(16)
Gain on Sale of Business									70
Restructuring Charges									(40)
Other Charges, Net									(16)
Operating Income									$	379

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Depreciation and Amortization:
DRE	$	23	$	21	$	46	$	40
WCC	12		12		24		24
PRI	22		18		46		36
Corporate and Other	14		13		25		26
Total Depreciation and Amortization	$	71	$	64	$	141	$	126
Capital Expenditures:
DRE	$	16	$	25	$	35	$	50
WCC	13		8		24		16
PRI	5		15		10		46
Corporate and Other	8		6		27		19
Total Capital Expenditures	$	42	$	54	$	96	$	131

(Dollars in millions)	June 30, 2026		December 31, 2025
Total Assets:
DRE	$	935	$	931
WCC	995		1,055
PRI	790		771
Corporate and Other (a)	2,382		2,440
Total	$	5,102	$	5,197
(a) Corporate and other total assets primarily include cash and cash equivalents, certain intangible assets, and centrally managed or shared facilities.

PP&E, Net and Operating Lease Assets by Geographic Area

We had no PP&E, Net and operating lease assets in our country of domicile (Ireland) as of June 30, 2026 and December 31, 2025.

(Dollars in millions)	June 30, 2026		December 31, 2025
North America (a)	$	299	$	314
Latin America	139		153
Middle East/North Africa/Asia	494		507
Europe/Sub-Sahara Africa/Russia	240		231
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,172	$	1,205
(a) North America consists of the U.S. and Canada.
(b) Corporate assets not allocated by geography are excluded from this total.

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Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates our revenue from contracts with customers by geographic area and includes equipment rental revenue. Equipment rental revenues were $22 million and $40 million in the three and six months ended June 30, 2026, respectively, and $32 million and $67 million for the three and six months ended June 30, 2025, respectively.

During the three and six months ended June 30, 2026, the U.S. accounted for 15% and 14% of total revenue, respectively. During the three and six months ended June 30, 2025, the U.S. accounted for 16% of total revenue in each period and the Kingdom of Saudi Arabia accounted for 11% of total revenue in each period. No other country accounted for more than 10% of our revenue in the periods presented.

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
Revenue by Geographic Areas:
North America (a)	$	205	$	241	$	425	$	491
International	900		963		1,832		1,906
Middle East/North Africa/Asia	446		524		922		1,027
Latin America	197		195		420		436
Europe/Sub-Sahara Africa/Russia	257		244		490		443
Total Revenue	$	1,105	$	1,204	$	2,257	$	2,397
(a) North America consists of the U.S. and Canada.

Schedule of Contract Balances

Contract Balances

The timing of our revenue recognition, billings, and cash collections results in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of June 30, 2026 and December 31, 2025:

(Dollars in millions)	June 30, 2026		December 31, 2025
Receivables for Products and Services in Accounts Receivable, Net	$	1,083	$	1,209
Receivables for Equipment Rentals in Account Receivable, Net	$	21	$	25
Accounts Receivable, Net	$	1,104	$	1,234
Contract Assets in Other Current Assets	$	85	$	71
Contract Assets in Other Non-Current Assets	$	30	$	32
Contract Liabilities in Other Current Liabilities	$	60	$	48
Contract Liabilities in Other Non-Current Liabilities	$	2	$	2

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Restructuring Charges (Tables)

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges

The following table presents total restructuring charges by segment and Corporate and Other in the three and six months ended June 30, 2026 and 2025:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2026		2025		2026		2025
DRE	$	2	$	1	$	4	$	9
WCC	5		1		6		8
PRI	2		—		5		8
Corporate and Other	—		9		7		15
Total Restructuring Charges	$	9	$	11	$	22	$	40

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Inventories, Net (Tables)

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Components of Inventory

Inventories are reported net of reserves of $125 million and $118 million as of June 30, 2026 and December 31, 2025, respectively, and are presented by category in the table below:

(Dollars in millions)	June 30, 2026		December 31, 2025
Finished Goods	$	711	$	742
Work in Process and Raw Materials, Components and Supplies	100		94
Inventories, Net	$	811	$	836

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Intangibles, Net (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Asset, Finite-Lived

The components of intangible assets, net were as follows:

(Dollars in millions)	June 30, 2026		December 31, 2025
Developed and Acquired Technology, Net of Accumulated Amortization of $595 at June 30, 2026 and $586 at December 31, 2025	$	119	$	118
Trade Names, Net of Accumulated Amortization of $263 at June 30, 2026 and $242 at December 31, 2025	146		167
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	$	265	$	285

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Borrowings and Other Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

(Dollars in millions)	June 30, 2026		December 31, 2025
Current Portion of Finance Leases	$	30	$	30
Current Portion of Long-term Debt	$	30	$	30
6.75% Senior Notes due 2033 “2033 Senior Notes”	$	1,182	$	1,181
8.625% Senior Notes due 2030 “2030 Senior Notes”	234		234
Finance Leases	34		40
Long-term Debt	$	1,450	$	1,455

Fair Value and Carrying Value of Long-Term Debt

The table below presents the fair value and carrying value of our long-term debt (excluding finance leases).

	June 30, 2026				December 31, 2025
(Dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
8.625% Senior Notes due 2030	$	234	$	238	$	234	$	242
6.75% Senior Notes due 2033	$	1,182	$	1,225	$	1,181	$	1,226
Long-Term Debt (excluding Finance Leases)	$	1,416	$	1,463	$	1,415	$	1,468

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Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Stockholders' Equity

The following summarizes our shareholders’ equity activity for the three and six months ended June 30, 2026 and 2025:

(Dollars in millions)	Ordinary Shares	Par Value		Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2025	71.6	$	—	$	2,815	$	(1,129)	$	13	$	(3)	$	1,696
Net Income	—	—		—		108		—		1		109
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	0.4	—		(6)		—		—		—		(6)
Share Repurchases	(0.1)	—		(10)		—		—		—		(10)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Other Comprehensive Loss	—	—		—		—		(13)		—		(13)
Other	—	—		—		—		—		3		3
Balance at March 31, 2026	71.9	$	—	$	2,799	$	(1,041)	$	—	$	1	$	1,759
Net Income	—	—		—		39		—		3		42
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		11		—		—		—		11
Share Repurchases	(0.1)	—		(16)		—		—		—		(16)
Dividends Declared ($0.275 per share) (1)	—	—		—		(20)		—		—		(20)
Distributions to Noncontrolling Interests	—	—		—		—		—		(5)		(5)
Other Comprehensive Income	—	—		—		—		16		—		16
Other	—	—		—		—		—		2		2
Balance at June 30, 2026	71.8	$	—	$	2,794	$	(1,022)	$	16	$	1	$	1,789
(1) Includes dividend equivalent rights on share-based awards.

(Dollars in millions)	Ordinary Shares	Par Value		Capital In Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2024	72.1	$	—	$	2,921	$	(1,486)	$	(150)	$	(2)	$	1,283
Net Income	—	—		—		76		—		10		86
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	1.3	—		(34)		—		—		—		(34)
Share Repurchases	(0.8)	—		(53)		—		—		—		(53)
Dividends Declared ($0.25 per share) (1)	—	—		—		(18)		—		—		(18)
Other Comprehensive Income	—	—		—		—		96		—		96
Balance at March 31, 2025	72.6	$	—	$	2,834	$	(1,428)	$	(54)	$	8	$	1,360
Net Income	—	—		—		136		—		9		145
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		10		—		—		—		10
Share Repurchases	(0.8)	—		(34)		—		—		—		(34)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Distributions to Noncontrolling Interests	—	—		—		—		—		(8)		(8)
Other Comprehensive Income	—	—		—		—		65		—		65
Balance at June 30, 2025	71.8	$	—	$	2,810	$	(1,311)	$	11	$	9	$	1,519
(1) Includes dividend equivalent rights on share-based awards.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2026 and 2025:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2025	$	1	$	12	$	13
Other Comprehensive Income	3		—		3
Balance at June 30, 2026	$	4	$	12	$	16
Balance at December 31, 2024	$	(156)	$	6	$	(150)
Other Comprehensive Income	161		—		161
Balance at June 30, 2025	$	5	$	6	$	11

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Income per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

A reconciliation of the number of shares used for the basic and diluted income per share calculation was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and shares in millions, except per share amounts)	2026		2025		2026		2025
Net Income Attributable to Weatherford	$	39	$	136	$	147	$	212
Basic Weighted Average Shares Outstanding	71.9		72.2		71.9		72.7
Dilutive Effect of Awards Granted in Stock Incentive Plan	0.3		0.2		0.3		0.2
Diluted Weighted Average Shares Outstanding	72.2		72.4		72.2		72.9
Basic Income per Share	$	0.55	$	1.87	$	2.05	$	2.91
Diluted Income per Share	$	0.55	$	1.87	$	2.04	$	2.90
Antidilutive Weighted Average Shares:
Equity Awards	0.4		0.7		0.3		0.6
Total Antidilutive Weighted Average Shares	0.4		0.7		0.3		0.6

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Segment Information - Narrative (Details) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2026 USD ($) segment	Jun. 30, 2025 USD ($)	Dec. 31, 2025
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting [Line Items]
Proceeds from sale of business | $	$ 0	$ 97
United States | Geographic Concentration Risk | PP&E, Net and operating lease assets
Segment Reporting [Line Items]
Concentration risk, percentage	22.00%		23.00%
Saudi Arabia | Geographic Concentration Risk | PP&E, Net and operating lease assets
Segment Reporting [Line Items]
Concentration risk, percentage	13.00%		13.00%

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Segment Information - Segment Reconciliation (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) segment	Jun. 30, 2025 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Segment Reporting [Line Items]
Total Revenue	$ 1,105	$ 1,204	$ 2,257	$ 2,397
Other Expense	(25)	(3)	(40)	(16)
Depreciation and Amortization	(71)	(64)	(141)	(126)
Share-based Compensation	(11)	(9)	(23)	(16)
Gain on Sale of Business	0	70	0	70
Restructuring Charges	(9)	(11)	(22)	(40)
Other Charges, Net	(25)	(3)	(40)	(16)
Operating Income	107	237	230	379
Operating Segments | DRE
Segment Reporting [Line Items]
Total Revenue	291	335	612	685
Direct Costs	(192)	(220)	(396)	(446)
Other Expense	(41)	(46)	(86)	(96)
Adjusted EBITDA	58	69	130	143
Depreciation and Amortization	(23)	(21)	(46)	(40)
Restructuring Charges	(2)	(1)	(4)	(9)
Operating Segments | WCC
Segment Reporting [Line Items]
Total Revenue	433	456	876	897
Direct Costs	(272)	(279)	(548)	(537)
Other Expense	(54)	(59)	(111)	(114)
Adjusted EBITDA	107	118	217	246
Depreciation and Amortization	(12)	(12)	(24)	(24)
Restructuring Charges	(5)	(1)	(6)	(8)
Operating Segments | PRI
Segment Reporting [Line Items]
Total Revenue	316	327	612	661
Direct Costs	(206)	(220)	(409)	(450)
Other Expense	(40)	(44)	(79)	(86)
Adjusted EBITDA	70	63	124	125
Depreciation and Amortization	(22)	(18)	(46)	(36)
Restructuring Charges	(2)	0	(5)	(8)
All Other
Segment Reporting [Line Items]
Total Revenue	65	86	157	154
Adjusted EBITDA	6	19	19	23
Corporate Costs
Segment Reporting [Line Items]
Adjusted EBITDA	$ (18)	$ (15)	$ (34)	$ (30)

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Segment Information - Segment Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Segment Reporting [Line Items]
Depreciation and Amortization	$ 71	$ 64	$ 141	$ 126
Total Capital Expenditures	42	54	96	131
Assets	5,102		5,102		$ 5,197
Operating Segments | DRE
Segment Reporting [Line Items]
Depreciation and Amortization	23	21	46	40
Total Capital Expenditures	16	25	35	50
Assets	935		935		931
Operating Segments | WCC
Segment Reporting [Line Items]
Depreciation and Amortization	12	12	24	24
Total Capital Expenditures	13	8	24	16
Assets	995		995		1,055
Operating Segments | PRI
Segment Reporting [Line Items]
Depreciation and Amortization	22	18	46	36
Total Capital Expenditures	5	15	10	46
Assets	790		790		771
Corporate and Other
Segment Reporting [Line Items]
Depreciation and Amortization	14	13	25	26
Total Capital Expenditures	8	$ 6	27	$ 19
Assets	$ 2,382		$ 2,382		$ 2,440

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Segment Information - PP&E, Net and Operating Lease Assets by Geographic Area (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Long-lived Assets	$ 1,172	$ 1,205
North America
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Long-lived Assets	299	314
Latin America
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Long-lived Assets	139	153
Middle East/North Africa/Asia
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Long-lived Assets	494	507
Europe/Sub-Sahara Africa/Russia
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Long-lived Assets	$ 240	$ 231

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Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue from Contract with Customer [Abstract]
Equipment rental revenue	$ 22	$ 32	$ 40	$ 67
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | United States
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%	16.00%	14.00%	16.00%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Saudi Arabia
Concentration Risk [Line Items]
Concentration risk, percentage		11.00%		11.00%

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Revenue - Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,105	$ 1,204	$ 2,257	$ 2,397
North America
Disaggregation of Revenue [Line Items]
Total Revenue	205	241	425	491
Non-US
Disaggregation of Revenue [Line Items]
Total Revenue	900	963	1,832	1,906
Middle East/North Africa/Asia
Disaggregation of Revenue [Line Items]
Total Revenue	446	524	922	1,027
Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	197	195	420	436
Europe/Sub-Sahara Africa/Russia
Disaggregation of Revenue [Line Items]
Total Revenue	$ 257	$ 244	$ 490	$ 443

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Revenue - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Disaggregation of Revenue [Line Items]
Receivables, Net	$ 1,104	$ 1,234
Accounts Receivable, Net	1,104	1,234
Contract Assets in Other Current Assets	85	71
Contract Assets in Other Non-Current Assets	30	32
Contract Liabilities in Other Current Liabilities	60	48
Contract Liabilities in Other Non-Current Liabilities	2	2
Product and Services
Disaggregation of Revenue [Line Items]
Receivables, Net	1,083	1,209
Equipment Rentals
Disaggregation of Revenue [Line Items]
Receivables, Net	$ 21	$ 25

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Restructuring Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 9	$ 11	$ 22	$ 40
Restructuring liabilities	20		20		$ 22
Restructuring liabilities, current	17		17		19
Restructuring liabilities, non-current	$ 3		$ 3		$ 3

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Restructuring Charges - Restructuring Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	$ 9	$ 11	$ 22	$ 40
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	0	9	7	15
DRE | Operating Segments
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	2	1	4	9
WCC | Operating Segments
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	5	1	6	8
PRI | Operating Segments
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	$ 2	$ 0	$ 5	$ 8

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Inventories, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 125		$ 125		$ 118
Finished Goods	711		711		742
Work in Process and Raw Materials, Components and Supplies	100		100		94
Inventories, Net	811		811		$ 836
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold
Inventory [Line Items]
Inventory Charges	$ 10	$ 9	$ 21	$ 14

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Intangibles, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Finite-Lived [Line Items]
Intangibles, Net of Accumulated Amortization of $858 at June 30, 2026 and $828 at December 31, 2025	$ 265	$ 285
Intangibles, Accumulated Amortization	858	828
Developed and Acquired Technology
Intangible Asset, Finite-Lived [Line Items]
Intangible Asset, Finite-Lived, before Accumulated Amortization	119	118
Intangibles, Accumulated Amortization	595	586
Trade Names
Intangible Asset, Finite-Lived [Line Items]
Intangible Asset, Finite-Lived, before Accumulated Amortization	146	167
Intangibles, Accumulated Amortization	$ 263	$ 242

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Intangibles, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
Amortization of intangible assets	$ 16	$ 15	$ 31	$ 29

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Borrowings and Other Debt Obligations - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Oct. 06, 2025	Oct. 27, 2021
Debt Instrument [Line Items]
Current Portion of Finance Leases	$ 30	$ 30
Current Portion of Long-term Debt	30	30
Finance Leases	34	40
Long-term Debt	1,450	1,455
Senior Notes | 2030 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 234	234
Interest rate	8.625%			8.625%
Senior Notes | 2033 Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 1,182	$ 1,181
Interest rate	6.75%		6.75%

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Borrowings and Other Debt Obligations - Narrative (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025	Oct. 06, 2025	Oct. 27, 2021
Short-term Debt [Line Items]
Restricted cash	$ 37,000,000	$ 55,000,000
Credit Agreement | Performance letters of credit
Short-term Debt [Line Items]
Letters of credit outstanding, amount	243,000,000	245,000,000
Credit Agreement | Financial letters of credit
Short-term Debt [Line Items]
Letters of credit outstanding, amount	4,000,000	7,000,000
Credit Agreement | Uncommitted letters of credit
Short-term Debt [Line Items]
Letters of credit outstanding, amount	233,000,000	207,000,000
Restricted cash	$ 32,000,000	47,000,000
Senior Notes | 2030 Senior Notes
Short-term Debt [Line Items]
Stated interest rate on debt	8.625%			8.625%
Face amount of debt				$ 1,600,000,000
Unpaid principal balance	$ 236,000,000	236,000,000
Unamortized deferred issuance cost	$ 2,000,000	2,000,000
Senior Notes | 2033 Senior Notes
Short-term Debt [Line Items]
Stated interest rate on debt	6.75%		6.75%
Face amount of debt			$ 1,200,000,000
Unamortized deferred issuance cost	$ 18,000,000	19,000,000
Line of Credit | Credit Agreement
Short-term Debt [Line Items]
Total commitment amount	1,000,000,000
Minimum liquidity covenant	250,000,000
Minimum liquidity covenant, increase limit	$ 400,000,000
Minimum interest coverage ratio	2.50
Maximum net leverage ratio	3.50
Maximum secured net leverage ratio	1.50
Borrowings outstanding	$ 0	$ 0
Permitted Refinancing Trigger	$ 200,000,000

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Borrowings and Other Debt Obligations - Fair and Carrying Value of Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Oct. 06, 2025	Oct. 27, 2021
Senior Notes | 2030 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate	8.625%			8.625%
Senior Notes | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate	6.75%		6.75%
Fair Value, Inputs, Level 2 | Carrying Value | 2030 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 234	$ 234
Fair Value, Inputs, Level 2 | Carrying Value | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	1,182	1,181
Fair Value, Inputs, Level 2 | Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	1,463	1,468
Fair Value, Inputs, Level 2 | Senior Notes | Fair Value | 2030 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	238	242
Fair Value, Inputs, Level 2 | Senior Notes | Fair Value | 2033 Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	1,225	1,226
Fair Value, Inputs, Level 2 | Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 1,416	$ 1,415

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Shareholders' Equity - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Dec. 31, 2025
Equity [Abstract]
Ordinary Shares, Issued (in shares)	71.8				71.8	71.6
Ordinary Shares, Outstanding (in shares)	71.8				71.8	71.6
Stock repurchased during period	$ 16	$ 10	$ 34	$ 53	$ 26
Dividends declared and paid	$ 20	$ 20	$ 19	$ 18	$ 40

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Shareholders' Equity - Shareholders' Equity Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Ordinary shares outstanding, beginning balance (in shares)		71.6			71.6
Balance, beginning balance	$ 1,759.0	$ 1,696.0	$ 1,360.0	$ 1,283.0	$ 1,696.0	$ 1,283.0
Net Income	42.0	109.0	145.0	86.0	151.0	231.0
Equity Awards, Granted, Vested and Exercised, Net of Shares Withheld for Taxes	11.0	(6.0)	10.0	(34.0)
Share Repurchases	(16.0)	(10.0)	(34.0)	(53.0)	(26.0)
Dividends Declared	(20.0)	(20.0)	(19.0)	(18.0)	$ (40.0)
Other Comprehensive Income (Loss)	16.0	(13.0)	65.0	96.0
Other	2.0	3.0
Noncontrolling Interest Distributions	$ (5.0)		(8.0)
Ordinary shares outstanding, ending balance (in shares)	71.8				71.8
Balance, ending balance	$ 1,789.0	$ 1,759.0	$ 1,519.0	$ 1,360.0	$ 1,789.0	$ 1,519.0
Dividend declared (in dollars per share)	$ 0.275	$ 0.275	$ 0.25	$ 0.25
Ordinary Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Ordinary shares outstanding, beginning balance (in shares)	71.9	71.6	72.6	72.1	71.6	72.1
Balance, beginning balance	$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 0.0
Equity Awards, Granted, Vested and Exercised, Net of Shares Withheld for Taxes (in shares)		0.4		1.3	0.4
Share Repurchases (in shares)	(0.1)	(0.1)			(0.2)
Share Repurchases			$ (0.8)	$ (0.8)
Ordinary shares outstanding, ending balance (in shares)	71.8	71.9	71.8	72.6	71.8	71.8
Balance, ending balance	$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 0.0	$ 0.0
Capital in Excess of Par Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance	2,799.0	2,815.0	2,834.0	2,921.0	2,815.0	2,921.0
Equity Awards, Granted, Vested and Exercised, Net of Shares Withheld for Taxes	11.0	(6.0)	10.0	(34.0)
Share Repurchases	(16.0)	(10.0)	(34.0)	(53.0)
Balance, ending balance	2,794.0	2,799.0	2,810.0	2,834.0	2,794.0	2,810.0
Retained Income (Deficit)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance	(1,041.0)	(1,129.0)	(1,428.0)	(1,486.0)	(1,129.0)	(1,486.0)
Net Income	39.0	108.0	136.0	76.0
Dividends Declared	(20.0)	(20.0)	(19.0)	(18.0)
Balance, ending balance	(1,022.0)	(1,041.0)	(1,311.0)	(1,428.0)	(1,022.0)	(1,311.0)
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance	0.0	13.0	(54.0)	(150.0)	13.0	(150.0)
Other Comprehensive Income (Loss)	16.0	(13.0)	65.0	96.0
Balance, ending balance	16.0	0.0	11.0	(54.0)	16.0	11.0
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance	1.0	(3.0)	8.0	(2.0)	(3.0)	(2.0)
Net Income	3.0	1.0	9.0	10.0
Other	2.0	3.0
Noncontrolling Interest Distributions	(5.0)		(8.0)
Balance, ending balance	$ 1.0	$ 1.0	$ 9.0	$ 8.0	$ 1.0	$ 9.0

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Shareholders' Equity - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning balance	$ 1,696	$ 1,283
Other Comprehensive Income (Loss)	3	161
Balance, ending balance	1,789	1,519
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning balance	13	(150)
Balance, ending balance	16	11
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning balance	1	(156)
Other Comprehensive Income (Loss)	3	161
Balance, ending balance	4	5
Defined Benefit Pension
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning balance	12	6
Other Comprehensive Income (Loss)	0	0
Balance, ending balance	$ 12	$ 6

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Income per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Earnings Per Share [Abstract]
Net Income Attributable to Weatherford	$ 39	$ 136	$ 147	$ 212
Basic Weighted Average Shares Outstanding (in shares)	71.9	72.2	71.9	72.7
Dilutive Effect of Awards Granted in Stock Incentive Plan (in shares)	0.3	0.2	0.3	0.2
Diluted Weighted Average Shares Outstanding (in shares)	72.2	72.4	72.2	72.9
Basic Income per Share (in dollars per share)	$ 0.55	$ 1.87	$ 2.05	$ 2.91
Diluted Income per Share (in dollars per share)	$ 0.55	$ 1.87	$ 2.04	$ 2.90
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Anti-dilutive Weighted Average Shares (in shares)	0.4	0.7	0.3	0.6
Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Anti-dilutive Weighted Average Shares (in shares)	0.4	0.7	0.3	0.6

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 33		$ 46		$ 29	$ 56
Tax benefit from prior year tax position		$ 44		$ 26

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Subsequent Events (Details) - $ / shares		3 Months Ended
	Jul. 16, 2026	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025
Subsequent Event [Line Items]
Dividend declared (in dollars per share)		$ 0.275	$ 0.275	$ 0.25	$ 0.25
Subsequent Event
Subsequent Event [Line Items]
Dividend declared (in dollars per share)	$ 0.275