NCS Multistage Holdings Inc

Weatherford International reported second-quarter 2026 revenue of US$1,105 million and net income of US$39 million, both lower than a year earlier. The company repurchased 3,166,136 shares for US$226.37 million under its 2024 buyback program. Weatherford also raised its free cash flow conversion guidance, proposed a Delaware redomestication, and announced the planned acquisition of NCS Multistage. The results highlight a focus on cash generation and capital returns amid softer international activity and pricing pressure.

Weatherford International announced a definitive agreement to acquire NCS Multistage. NCS Multistage stockholders will receive Weatherford common stock or a combination of stock and cash. The transaction is expected to be immediately accretive to adjusted Free Cash Flow per share, and the company anticipates realizing at least $15 million in annual cost synergies within 18 months of closing. The acquisition strengthens Weatherford's completions portfolio by integrating NCS Multistage's specialized technology for optimizing well completions and field development in complex unconventional resource environments. Weatherford plans to use its extensive international footprint to scale NCS Multistage's product suite to a broader global customer base.