Weatherford 10-Q Details Q3 Beat: $120M Net Income, $503M YTD Cash Flow, NCS Deal Terms
WFRD sits 32% above its 52-week low of $64.67 on elevated volume (2.4× avg).
Summary
Weatherford's Q3 10-Q backs up the October 20 beat with $120M net income, $503M of nine-month operating cash flow, and $1.161B cash — enough to retire the $236M 2030 notes on October 30 and fund the raised $0.275 dividend.
Key Events · Earnings and Guidance · WFRD
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Q3 Net Income Rises to $120M
Revenue fell 7% to $1,143M, but net income attributable to Weatherford rose to $120M from $81M and diluted EPS to $1.66 from $1.12.
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Tax Release Flatters the Quarter
Q3 tax expense was just $4M versus $52M a year ago, driven by a $56M valuation allowance release — a non-recurring benefit, not operating improvement.
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Cash Flow and Balance Sheet Strength
Nine-month operating cash flow of $503M (vs $408M) lifted cash and equivalents to $1,161M, funding the $236M 2030 notes redemption on October 30 and the dividend.
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Segment Split: WCC Down, PRI Up
WCC adjusted EBITDA fell 20% to $100M (margin 22.2% vs 26.7%) on Iran Conflict disruption in the Middle East; PRI rose 24% to $73M and DRE 8% to $90M on cost cuts.
Analysis · WFRD · Energy & Transportation
The headline numbers were already out on October 20, but the full 10-Q is where the quality of the quarter shows. Revenue fell 7% to $1,143M yet net income attributable to Weatherford rose to $120M from $81M, helped by a $56M tax valuation-allowance release that cut Q3 tax expense to $4M from $52M — a one-time boost, not an operating improvement. The operating story is mixed: WCC adjusted EBITDA dropped 20% to $100M on Middle East disruption from the Iran Conflict, while PRI (+24%) and DRE (+8%) picked up the slack on cost cuts. Cash generation is the strongest part — $503M from operations over nine months versus $408M a year ago, with $1.161B of cash on hand funding both the $236M 2030 notes redemption due October 30 and the $0.275 quarterly dividend. The NCS acquisition closed for $128M, mostly paid in 1.0M shares worth $101M, so dilution was modest and cash outlay small.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WFRD was trading at $85.43 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $64.67 to $113.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.