Weatherford International plc reported first‑quarter 2026 results, with revenue falling 3% year‑over‑year to $1,152 million. The company highlighted a 42% jump in net income to $108 million amid a complex Middle East environment. The results come as Weatherford navigates operational disruptions in the Middle East while securing new contracts in Denmark, Vietnam, and Brazil. First‑quarter revenue was $1,152 million, down 3% YoY and 11% sequentially. Operating income was $123 million, a 13% YoY decline. Net income rose 42% to $108 million, giving a 9.4% margin. Adjusted EBITDA fell 8% YoY to $233 million, with a margin of 20.2% down 98 basis points. Cash provided by operating activities was $136 million, and adjusted free cash flow was $85 million. Shareholder return totaled $30 million, comprising a $20 million dividend and $10 million share repurchase. Weatherford secured a multi‑year Integrated Completions contract with TotalEnergies for offshore operations in Denmark, a five‑year Tubular Running Services contract with Phu Quoc POC in Vietnam, and a two‑year contract for Managed Pressure Drilling in Brazil. Additional agreements include an 18‑month drilling services extension with PTTEP in Thailand and wireline contracts in Turkey, Colombia, Canada, and the UAE. CEO Girish Saligram said the company remained focused on protecting employees and maintaining continuity of operations amid Middle East disruptions, noting that losses in revenue and increased costs from the Iran conflict were offset by contributions from other business areas. He also highlighted the planned redomestication to the United States as a step toward simplifying operations. Saligram added that while near‑term visibility remains uncertain, the company expects a softer second‑quarter but maintains full‑year guidance on adjusted free cash flow. Weatherford maintains its second‑half guidance and year‑end adjusted free cash flow target, citing a strong balance sheet and confidence in medium‑to‑long‑term growth driven by upstream investment and energy security priorities.