The oilfield services firm raised its adjusted EBITDA guidance and free cash flow conversion targets after reporting Q2 2026 results.
Weatherford International set a 2026 adjusted EBITDA range of $951 million to $1.046 billion, up from prior expectations, while increasing free cash flow conversion to the mid- to high 40% level. The company reported Q2 2026 revenue of $1.105 billion and adjusted EBITDA of $223 million, reflecting a 20.2% margin.
Management attributed the outlook upgrade to operational resilience amid market disruptions. The Q2 performance exceeded some analyst estimates, though consensus figures were not disclosed. Prior-year comparisons were not provided in the update.
No immediate market reaction was detailed in the earnings call summary.