Weatherford

Q3 FY2026 EarningsQ3 FY26 results were mixed relative to consensus: revenue of $1,143M slightly beat the $1,134M estimate (+0.79%), while GAAP EPS of $1.66 significantly outperformed the $1.33 mean estimate (+24.81%). Strong performance in Managed Pressure Drilling (MPD) drove DRE and PRI margin expansion, offsetting a 7% YoY revenue decline caused by Middle East disruptions (Iran Conflict). A one-time $56M tax valuation allowance release was the primary driver for the substantial bottom-line beat.