Weatherford International plc (WFRD) SEC Filings & Earnings Calls

Iran Conflict Disruption

“The Iran Conflict was the primary contributor to the decline of activity in the Middle East/North Africa/Asia region.” · word for word

Russia Operations Risk

“We continue to closely monitor and evaluate the developments in Russia as well as any changes in international laws and sanctions.” · word for word

Customer Concentration in Mexico

“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.” · word for word

Tariff Uncertainty

“Developments in global trade policy, tariffs, geopolitical conflicts, sanctions, and regulation have affected and may continue to affect our industry.” · word for word

Middle East operational disruptions weighing on activity levels

“conflict related operational disruptions in the Middle East weighed on activity levels” · word for word

Revenue declined 7% year-over-year

“a decrease of 7% year-over-year” · word for word

Cash used for redemption reduces liquidity buffer, but eliminates high-cost debt.

“Redemption funded by cash on hand; no new financing disclosed.”

No material risk; internal promotion ensures continuity.

“Successor has 13+ years at company; no disagreement.”

Execution risk related to court approval and tax implications of redomestication

“Redomestication subject to High Court of Ireland sanction; potential tax law changes in Ireland and US.”

Iran Conflict disruption

“The Iran Conflict, which began in February 2026, has and could continue to significantly disrupt the global oil and gas supply-demand balance” · word for word

Russia exposure and nationalization risk

“Revenues in Russia were just under 10% and 9% of our total revenues for the three and six months ended June 30, 2026, respectively” · word for word

Mexico customer concentration

“Our largest customer in Mexico has a history of making late payments” · word for word

Fixed cost deleveraging

“The higher cost ratio was primarily due to fixed costs decreasing at a slower rate than revenues.” · word for word

Middle East geopolitical disruption causing activity headwinds and revenue decline.

“Significant disruption in the Middle East due to the Iran conflict.” · word for word

Second half 2026 outlook adjusted downward due to Middle East volatility.

“Our second half 2026 outlook is appropriately adjusted to reflect these dynamics.” · word for word

Redomestication execution risk

“the Redomestication is conditional, and the conditions may not be satisfied;” · word for word

Redomestication benefit realization risk

“Weatherford may fail to realize all or a portion of the perceived benefits of the Redomestication, including any cost savings or efficiencies or reduction in litigation;” · word for word

Tax risk from redomestication

“while not currently expected, the Redomestication could result in material tax consequences for Weatherford;” · word for word

Failed redomestication vote may delay expected financial benefits and create uncertainty.

“Redomestication Proposals failed to pass; company cites expected financial benefit.”

Integration risk and potential dilution from stock issuance; deal subject to regulatory approvals.

“Merger expected to close in Q3 2026; subject to customary closing conditions.”

Iran Conflict Operational Disruption

“During the three months ended March 31, 2026, the conflict in Iran contributed to disruption in the Middle East, including activity delays and higher logistics and transportation costs, and higher commodity prices.” · word for word

Russia Exposure and Sanctions Risk

“Revenues in Russia were approximately 7% of our total revenues for the three months ended March 31, 2026, compared to 6% of our total revenue for the three months ended March 31, 2025.” · word for word

Mexico Customer Concentration Risk

“Our largest customer in Mexico has a history of making late payments and, in more recent periods, has utilized third-party financial institutions to pay certain of our receivables.” · word for word

Tariff Uncertainty

“Developments in global trade policy, tariffs, geopolitical conflicts, sanctions, and regulation have affected and may continue to affect our industry.” · word for word

Redomestication may not realize expected benefits

“We may not realize the benefits we anticipate from the Redomestication, particularly as the achievement of the cost savings and other benefits, some of which are subject to factors that we do not and cannot control, including the reaction of foreign governments, agencies, or third parties with whom we enter into contracts and do business, and the reaction of” · word for word

Redomestication may be abandoned or delayed

“The Redomestication may be abandoned by our Board at any time and/or for any reason prior to obtaining the sanction of the Irish High Court, even if the Redomestication has been approved by the requisite vote of the Weatherford-Ireland shareholders.” · word for word

Irish High Court may not sanction the Scheme

“If the Irish High Court does not sanction the Scheme of Arrangement, Weatherford-Ireland will be unable to effect the Redomestication as contemplated under the Scheme of Arrangement (even if the requisite shareholders have approved the Scheme of Arrangement).” · word for word

Redomestication will result in additional costs

“We will incur additional costs and expenses in connection with and as a result of the Redomestication. These costs and expenses include professional fees to comply with Texas corporate laws and financial reporting requirements, as well as any additional costs we may incur going forward as a result of our new corporate structure.” · word for word

Middle East operational disruptions impacting revenue and costs; Q2 expected softer.

“Significant operational disruptions in Middle East due to Iran conflict; Q2 results expected softer.”

Geopolitical volatility creates near-term uncertainty.

“CEO: 'operational disruptions in the Middle East to cloud near term visibility as the geopolitical backdrop remains volatile.'”

Russia sanctions and nationalization risk

“Revenues in Russia were approximately 7% of our total revenue for the year ended December 31, 2025. 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.” · word for word

Customer concentration in Mexico

“Approximately 24% of our December 31, 2025 accounts receivables were related to our largest customer in Mexico, which comprised 5% of our revenue during the twelve months ended December 31, 2025.” · word for word

Oil price and capex dependency

“Our business is dependent on capital spending by our customers which is greatly affected by fluctuations in oil and natural gas prices and the availability and cost of capital.” · word for word

Soft activity outlook in H1 2026; full-year revenue declined 11% YoY.

“While the overall activity outlook in 2026, particularly in the first half, is expected to remain soft... full year revenue of $4,918 million decreased 11% from prior year” · word for word