Seasonal Dip, Upswing

Entering 2026, Weatherford anticipates a softer first half due to seasonality and tariff impacts but expects a robust second‑half as contract awards convert into active work. In 2025, second‑half revenue rose 5.2% versus the first half and adjusted EBITDA grew 10%. The company has secured contracts across the Middle East, Europe, Latin America, and Asia, with Saudi Arabia, UAE, Brazil, and Indonesia projected to contribute to the ramp. Early signs of recovery in offshore deepwater activity are also expected to support key product lines.