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Weatherford International Plc 1 Weatherford International PLC INVESTOR PRESENTATION Q3’26
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Weatherford International Plc 2 Disclaimer This presentation contains projections and forward-looking statements concerning, among other things, the Company’s quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, ROIC*, shareholder return program, capital allocation framework, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward- looking statements contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward- looking statements. Readers are cautioned that forward-looking statements are only estimates and may differ materially from actual future events or results, based on factors including but not limited to: global political, economic and market conditions, political disturbances, war or other global conflicts, terrorist attacks, public health issues such as pandemics, changes in global trade policies, tariffs and sanctions, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; various effects from the Russia-Ukraine conflict, conflicts in the Middle East (including the Iran conflict) or instability in Latin America, including, but not limited to, nationalization of assets, extended business interruptions, sanctions, treaties and regulations (including changes in the regulatory environment) imposed by various countries, associated operational and logistical challenges, and impacts to the overall global energy supply; cybersecurity issues; our ability to comply with, and respond to, climate change, environmental, social and governance and other sustainability initiatives and future legislative and regulatory measures both globally and in specific geographic regions; the price and price volatility of, and demand for, oil and natural gas; the macroeconomic outlook for the oil and gas industry; our ability to generate cash flow from operations to fund our operations; our ability to effectively and timely adapt our technology portfolio, products and services to remain competitive, and to address and participate in changes to the market demands, including for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts and our incorporation of artificial intelligence tools; increases in the prices and lead times, and the lack of availability of our procured products and services, including due to macroeconomic and geopolitical conditions such as tariffs and changes in trade policies; our ability to timely collect from customers; our ability to manage our workforce and systems, including the impact of our enterprise resource planning system implementation and business enhancements; our ability to effectively execute our capital allocation framework; our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases; and the realization of additional cost savings and operational efficiencies; our proposed Redomestication from Ireland to Delaware; our ability to receive, in a timely manner and on satisfactory terms, required court approval and to satisfy the other conditions to the proposed Redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the proposed Redomestication; the occurrence of difficulties in connection with the Redomestication, including any costs related thereto; the risk that the proposed Redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the proposed Redomestication; and the future financial performance of Weatherford following the Redomestication; our ability to successfully integrate NCS Multistage and to achieve the anticipated benefits and synergies of the acquisition within the expected time period or at all. These risks and uncertainties are more fully described in Weatherford’s reports and registration statements filed with the Securities and Exchange Commission, including the risk factors described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law, and we caution you not to rely on them unduly. This presentation includes Non-GAAP financial measures, identified with an asterisk (*), please refer to the section titled Appendix for definitions and the reconciliation from GAAP to Non-GAAP.
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Weatherford International Plc 3 Q3’26 FINANCIAL RESULTS - HIGHLIGHTS *Non-GAAP – refer to the section titled Appendix ADJ. FREE CASH FLOW* $1,143 million $254 million $155 million 3% Sqtly. 7% YoY 14% Sqtly. 6% YoY 61.0% Conversion (on Adj. EBITDA*) DIVERSIFIED PORTFOLIO: Q3’26 REVENUE SPLIT 29% 20% 39% 39% 28% 20% 4% 21% 4% Sqtly. 4% YoY 1% Sqtly. 4% YoY 9% Sqtly. 3% YoY Flat Sqtly. 16% YoY 14% Sqtly. 5% YoY 15% Sqtly. 3% YoY 14% Sqtly. 4% YoY NASDAQ: WFRD ABOUT WEATHERFORD ▪ 75 Countries & ~ 320 Locations ▪ ~16,100 Team Members with ~105 Nationalities ▪ ~80% International Revenue ▪ ~61% Service Revenue ▪ 3 Segments with 15 Major Product Lines FINANCIAL HIGHLIGHTS ▪ Q3’26 Operating Cash Flow of $192M ▪ Adj. Free Cash Flow* of $155M ▪ Net Income of $120M & Basic Earnings per Share: $1.66 ▪ 0.28x Net Leverage* NAM WCC PRI OTHER LAM MENA ESSR DRE INTERNATIONAL ❖ Shareholder return of $47 million in Q3’26 comprised of: ▪ Dividends of $19 million ▪ Share repurchases of $28 million 22.2% 204 bps Sqtly. 39 bps YoY NAM – North America LAM – Latin America MENA – Middle East/North Africa/Asia ESSR – Europe/Sub-Sahara Africa/Russia ADJ. EBITDA* REVENUE SHAREHOLDER RETURNS DRE – Drilling & Evaluation WCC – Well Construction & Completions PRI – Production & Intervention ❖ Shareholders approved proposal to redomesticate to Delaware, U.S. ❖ Completed the acquisition of NCS Multistage Holdings, Inc. (“NCS”) ❖ On October 20, 2026, issued notice to redeem all of 8.625% Senior Notes due 2030 in an aggregate principal amount of $236 million OTHER ANNOUNCEMENTS
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Weatherford International Plc 4 CAPITAL ALLOCATION
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Weatherford International Plc 5 Capital Allocation Framework 5 BUYBACKS 4 DIVIDENDS 3 M&A 2 BUSINESS INVESTMENT ▪ Through Cycle Resiliency ▪ Maintain ~$1B Liquidity ▪ Target Gross Debt Leverage Ratio ~1x with Reduced Costs ▪ Capex: 3-5% of Revenues ▪ Technology Investment to Drive Portfolio Differentiation ▪ Infrastructure Upgrades ▪ Disciplined Approach ▪ Strategic Advantage ▪ Cash Flow Positive, Margin Accretive with Synergies and Deleveraging ▪ Quarterly Dividend Increased to $0.275 per share in January 2026 ▪ Resiliency Conviction on Through Cycle Basis ▪ $500M Share Repurchase Authorization over Three Years BALANCE SHEET 1 Paid dividends of $167M since inception Repurchased shares for $254M since inception Completed NCS acquisition with synergies potential of at least $15M Continue to invest in organic growth vectors Notice to redeem $236M of 8.625% Senior Notes due 2030 BUSINESS INVESTMENT, FOCUSED EXECUTION AND SELECTIVE M&A TO DRIVE ROIC*; TARGET OF ~50% ADJ. FREE CASH FLOW* RETURN TO SHAREHOLDERS *Non-GAAP – refer to the section titled Appendix >$420M of Shareholder Return Since Inception
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Weatherford International Plc 6 Q3’26 SEGMENT OVERVIEW
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Weatherford International Plc 7 Well Construction and Completions Drilling and Evaluation Production and Intervention Digitally Enabled Offerings Real - Time Operating Centers DRE: Provides reservoir access and sub-surface evaluation Q3’26 DRE Performance: DRE revenue increased 14% sequentially, primarily from higher MPD and Drilling Services activity in LAM and higher MPD and Wireline activity in MENA, partly offset by lower MPD activity in ESSR Managed Pressure Drilling (MPD) #1 Mkt Leader Drilling Services High Temp Wireline Conveyance Flexibility, Partner Enablement Technology Drilling Fluids (DF) Environmentally Friendly Water Based DF DRE 29% WCC 39% PRI 28% Other 4% Q3’26 Revenue Differentiated Position OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q3’26 ▪ Eldorado Drilling awarded a contract to supply a comprehensive MPD equipment package for a deepwater drilling campaign offshore Indonesia Asia In Thailand, Weatherford deployed its Magnus Saker drilling system across six high- temperature well sections, achieving 100% geological target success through single-run shoe-to-shoe operation. The campaign eliminated an additional drilling assembly trip, saved over 100 operational hours, equivalent to over five rig days, and delivered significant customer savings while exceeding the operator’s drilling performance target. Centro Real - Time Data Services for Drilling & MPD Latin America ▪ A major operator awarded a 30-month contract to provide MPD services in Argentina ▪ Kuwait Oil Company awarded a five-year contract to provide Directional Drilling, Measurement While Drilling and Logging While Drilling services in Kuwait Middle East
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Weatherford International Plc 8 Well Construction and Completions Well Construction and Completions Production and Intervention Digitally Enabled Offerings WCC: Provides integrity throughout the Well Construction and Production phase Q3’26 WCC Performance: WCC revenue increased 4% sequentially, primarily from higher Completions activity in NAM and higher Liner Hangers activity in MENA, partly offset by lower Completions activity in LAM DRE 29% WCC 39% PRI 28% Other 4% Q3’26 Revenue Tubular Running Service (TRS) #1 Mkt Leader Cementation Products Well Integrity, Stage Cementing Leader Completions RFID Enablement, Optical Measurements Liner Hangers Pressure Balanced Liner System Well Services Qualified Barriers OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q3’26 Differentiated Position In Malaysia, Weatherford completed the first MARSTM (Mature Asset Rejuvenation by Surveillance System) deployment of its kind in Asia for Petronas to evaluate a gas-lift well where a restricted internal diameter prevented the use of conventional tools. The technology completed a full diagnostic survey and accurately identified the leak location, enabling multi-point gas-lift injection diagnosis while avoiding alternative intervention methods. Africa ▪ Seplat Energy awarded a five-year contract to provide Completions Products and Services, including gas lift solutions, for its shallow offshore operations in Nigeria SENSE: Real - time Downhole Intelligence and Insights Real - Time Operating Centers Vero ® Automated Connection Integrity Australia ▪ A major operator awarded a four-year contract to provide TRS, expanding our support across offshore exploration, development and decommissioning activities in Australia ▪ Equinor awarded a two-year extension and new offshore Completions award to provide integrated Completions portfolio in Norway Europe Asia ▪ An NOC in South-East Asia awarded a three-year deepwater liner hanger contract for conventional and expandable liner systems
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Weatherford International Plc 9 Well Construction and Completions Production and Intervention Production and Intervention Digitally Enabled Offerings Accuview ® Real - time Remote Support Cygnet ® SCADA Platform for Industrial Operations PRI: Maximizes asset performance, reservoir performance and recovery, and provides Intervention and Abandonment Solutions Q3’26 PRI Performance: PRI revenue decreased 1% sequentially, primarily from lower international Pressure Pumping activity, partly offset by higher Artificial Lift and Subsea Intervention activity in LAM DRE 29% WCC 39% PRI 28% Other 4% Q3’26 Revenue Red Eye ® Subsea Water Cut Meters OPERATIONAL & TECHNOLOGY HIGHLIGHTS: Q3’26 Differentiated Position ISDT* Fishing and Re-Entry Leader Artificial Lift Large Installed Base with High- Performance Units Digital Solutions SCADA, Production Optimization, Flow Measurement Subsea Intervention Drill Pipe Riser System Leader (Brazil) Pressure Pumping Fluid Chemistry In the U.S., Weatherford completed the first commercial installation of its ForeSite® Power Regenerative System Retrofit on an existing rod-lift well. The system captures and reuses energy generated during each pumping cycle, delivering over 50% in energy savings while lowering operating costs and emissions without requiring replacement of the installed drive. *ISDT – Intervention Services & Drilling Tools ▪ A major operator awarded a one-year contract to provide Artificial Lift services in the U.S. land North America Latin America ▪ A major operator awarded a four-month contract for the supply of Progressing Cavity Pumping systems to support well completions in Venezuela Middle East & Asia ▪ Joint Operations (Saudi Arabian Chevron Inc. – Kuwait Gulf Oil Company) awarded a four-year contract for ForeSite® and Cygnet® software in Kuwait
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Weatherford International Plc 10 STRATEGIC PRIORITIES UPDATE
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Weatherford International Plc 11 Our Mission Our Vision As a global leader in energy services, operators trust Weatherford to drive maximum value, streamline operations, and enhance safety. In partnership with our customers, we are committed to producing innovative energy solutions that are environmentally and economically sustainable to drive our industry forward. Producing energy for today and tomorrow.
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Weatherford International Plc 12 Organizational Vitality GOAL Sustainable Profitability Positive Free Cash Flow 2026 TACTICAL FOCUS AREAS Financial Performance Customer Experience STRATEGIC PRIORITIES LEAN Operations Creating The Future People Portfolio Partnerships Performance
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Weatherford International Plc 13 Acquisition of NCS Multistage - Overview COMPLETED THE NCS ACQUISITION, EXPANDING THE COMPLETIONS PORTFOLIO AND UNCONVENTIONAL RESOURCE EXPOSURE Adds well completion technology spanning design, completion, production optimization, and late-life intervention Completes the well lifecycle Deepens presence in North American unconventional plays along with North Sea, Middle East and Argentina Unconventional resource exposure Brings NCS Multistage technology to Weatherford’s customer base across six continents Global distribution platform 1 2 3 Operational leverage and capital-light business supports strong EBITDA and free cash flow Strong financial performance4 FIELD-PROVEN SCALE Across Unconventional Completions 400,000+ Innovus stimulation treatments 140,000+ ZoneSelect frac sleeves run 125,000+ Openhole packers run 300,000+ Frac plugs run 12,000+ AirLock systems installed 7,000+ Xpress systems installed In trials SlimStim systems 11,000+ ForeSite monitoring systems installed 75+ Global customers using Tracers 10,000+ Toe sleeves / WSS installed INVESTMENT CASE Weatherford NCS Multistage
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Weatherford International Plc 14 Acquisition of NCS Multistage – Value Proposition APPLICATION DEPTH + PORTFOLIO BREADTH = FULL - SPECTRUM COMPLETIONS SYSTEM HEEL TOE R UN IN & A CCESS WFRD Xpress Liner Hangers NCS AirLock Casing Buoyancy R UN IN & A CCESS R UN IN & A CCES S NCS SlimStim ReFrac Systems NCS Repeat Precision Frac Plugs INITIA TE & ISOLA TE INITIA TE & ISOLA TE WFRD ZoneSelect Open Hole Packers WFRD ZoneSelect Ball Drop Sleeves STIM ULA TE M EA SUR E & OPTIM IZE WFRD ForeSite Sense NCS Innovus Shiftable Sleeves STIM ULA TE M EA SUR E & OPTIM IZE NCS Tracer Diagnostics WFRD ZoneSelect Toe Sleeves + WSS INITIA TE & ISOLA TE
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Weatherford International Plc 15 Acquisition of NCS Multistage - Integration Process 1 Pre-Integration Planning ▪ Set-up of Integration Management Office (IMO) ▪ Day-1 readiness & communication plan ▪ Synergy targets and 30-60-90-day plan defined ▪ Retention plans for key talent 2 Integration Execution ▪ Unification of systems, processes & organizations ▪ Synergies tracker - target vs. realized ▪ Culture and organizational structure integration ▪ Post-close performance reported vs. plan $15M+ annualized recurring cost synergies (+) Commercial synergies upside Identified Synergy Drivers Human Resources • Headcount optimization • Key talent retention Real Estate • Facility consolidation • Reduce redundant footprint SG&A Costs • Eliminate duplicate overheads • IT systems rationalization Public Company Costs • Tax and audit fees and insurance fees optimization Operations • Direct costs management • Vendor consolidation Commercial • Cross-sell and upsell opportunities Reduction of SG&A and overheads Facilities consolidation and footprint optimization Manufacturing direct costs rationalization Cross-sell and upsell revenue synergy opportunities
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Weatherford International Plc 16 FINANCIAL PERFORMANCE CUSTOMER EXPERIENCE ORGANIZATIONAL VITALITY LEAN OPERATIONS CREATING THE FUTURE ▪ Q3’26 Adj. FCF* conversion ratio at 61.0% ▪ Q3’26 ROIC* of 16.9% and ROA** of 7.6% ▪ NCS Integration: Driving synergy capture through disciplined execution to maximize integration value ▪ Completed the first deployment of 9 5/8-inch Optimax Downhole Deployment Valve for Mari Energies Limited ▪ Completed the first commercial installation of Foresite® Power Regenerative System Retrofit in the U.S., delivering over 50% in energy savings, while lowering operating costs and emissions ▪ Geopolitical Resilience: Prioritizing employee safety and well-being, with ongoing monitoring and support ▪ NCS Integration: Accelerating the integration of people, technologies, and operations to capture synergies, strengthen our portfolio, and drive long-term value creation ▪ Shareholders approved the updated proposal to redomesticate from Ireland to Delaware ▪ On October 20, 2026, issued notice to redeem $236 million aggregate principal amount of 8.625% 2030 Senior Notes ▪ Continue to invest in R&D while maintaining top-tier ROIC* ▪ Digital & New Energy portfolio build-out *Non-GAAP – refer to the section titled Appendix ** Refer to the section titled Appendix for supplemental financial information Our Strategic Priorities CREATING SUSTAINABLE LONG-TERM VALUE PASSION | ACCOUNTABILITY | INNOVATION | VALUE CREATION
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Weatherford International Plc 17 Redomestication to Delaware Ireland CONTINUED EXECUTION OF WFRD’S STRATEGY TO STREAMLINE CORPORATE STRUCTURE, ENHANCE CAPITAL MANAGEMENT FLEXIBILITY AND DELIVER LONG - TERM SHAREHOLDER VALUE Strategic Rationale Enhance long-term shareholder value Delaware Expected Completion: Q4’2026 • Simplification of corporate and operational structure • Eliminating certain administrative and compliance burdens • Possibility of a larger U.S. shareholder and lending base • Improved access to capital • Efficient execution of M&A transactions • Greater agility in managing global tax considerations • ~$20 – 30 million of annual cash savings* Does not impact • Company’s global footprint • Customer commitments • Ongoing operations in other regions *beginning in 2027, if the redomestication and related corporate restructuring is completed in 2026 June 2026 Filed updated proposal to redomesticate to Delaware Sep 2026 Shareholders approve redomestication to Delaware Q4’2026 Customary closing conditions and sanction by Irish High Court ✓ ✓
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Weatherford International Plc 18 FINANCIAL PERFORMANCE UPDATE
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Weatherford International Plc 19 Consolidated Revenue Performance $1,232 $1,105 $1,143 $900 $1,000 $1,100 $1,200 $1,300 $1,400 Q3'25 Q2'26 Q3'26 Revenue & Adj. EBITDA Margins* Revenue ($ million) 21.8% 22.2%20.2% Adj. EBITDA margins (%) 15% 14% 0% (9%)(3%) 5% (16%) (3%) NAM LAM MENA ESSR Q3’26 Geography Revenue Change (%) Seq. (%) YoY (%) Revenue & Adjusted EBITDA Commentary: ▪ Total Revenue up 3% sequentially ▪ International revenue up 1% sequentially, driven by higher activity in LAM, partly offset by lower activity in ESSR ▪ Adj. EBITDA* of $254 million, 22.2% margin* increased 14% and expanded 204 basis points sequentially, primarily driven by higher DRE and PRI margins, partly offset by lower WCC margins 14% 4% (1%) (4%) (4%) (4%) DRE WCC PRI Q3’26 Segment Revenue Change (%) Seq. (%) YoY (%) *Non-GAAP – refer to the section titled Appendix Q3’26
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Weatherford International Plc 20 ($ in millions, except per share data) *Non-GAAP - refer to the section titled Appendix [1] Days of revenue metrics use a 365-day convention and are calculated by dividing the applicable field by trailing twelve months revenue (TTM) [2] Includes cash, cash equivalents and restricted cash Consolidated Financial Summary ▪ Revenue: 3% sequential increase in Q3’26, primarily driven by higher activity in NAM and LAM ▪ Operating Income: 43% sequential increase due to higher revenue and lower costs ▪ Net Income: 208% sequential increase, mainly due to higher operating income ▪ Adj. NWC*: Largely flat YoY primarily due to better collections ▪ Adj. FCF*: 61.0% Adj. FCF conversion* in Q3’26 vs. 62.3% in Q2’26, primarily driven by higher adj. EBITDA base INCOME STATEMENT Q 3 ’2 6 Δ Seq. Δ YoY Services Revenue $699 3% (8%) Products Revenue $444 3% (6%) Total Revenues $1,143 3% (7%) Operating Income $153 43% (14%) Gross Margin $374 12% (4%) % Gross Margin 32.7% 259 bps 123 bps Adjusted EBITDA* $254 14% (6%) % Adjusted EBITDA Margin* 22.2% 204 bps 39 bps Net Income $120 208% 48% % Net Income Margin 10.5% 697 bps 392 bps GAAP Basic Earnings per Share $1.66 200% 47% ADJUSTED NET WORKING CAPITAL* Adjusted Net Working Capital* $1,371 Days of Revenue[1] 108 days 8 days 1 day Accounts Receivable, Net $1,105 Days of Revenue[1] 86 days 1 day (8 days) Inventories, Net $861 Days of Revenue[1] 68 days 5 days 3 days Accounts Payable $595 Days of Revenue[1] 46 days (2 days) (6 days) TOTAL CASH & CASH FLOW Total Cash [2] $1,198 $61 $167 Operating Cash Flow $192 $17 $54 Adjusted Free Cash Flow* $155 $16 $56 Capital Expenditures $45 $3 $1 % of Revenue 3.9% 14 bps 37 bps Q3’26 commentaries:
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Weatherford International Plc 21 Segment Revenue Commentary: • Sequential increase of 14%, primarily from higher MPD and Drilling Services activity in LAM and higher MPD and Wireline activity in MENA, partly offset by lower MPD activity in ESSR • YoY decline of 4%, primarily from lower Wireline and Drilling-related Services activity, partly offset by higher MPD activity in LAM Segment Adj. EBITDA Commentary: • Sequential increase of 55%, primarily from higher MPD and Drilling Services activity and strong fall through in MENA and LAM, partly offset by lower fall through in NAM • YoY increase of 8%, primarily from higher fall through in MENA and ESSR, partly offset by lower activity and fall through in NAM ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $331 $291 $346 14% (4%) Segment Adj. EBITDA $90 $58 $83 55% 8% Segment Adj. EBITDA margin (%) 27.2% 19.9% 24.0% 726 bps 320 bps Drilling & Evaluation Q3’26
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Weatherford International Plc 22 Segment Revenue Commentary: • Sequential increase of 4%, primarily from higher Completions activity in NAM and higher Liner Hangers activity in MENA, partly offset by lower Completions activity in LAM • YoY decline of 4%, primarily from lower activity in MENA, partly offset by higher Completions activity in NAM and LAM Segment Adj. EBITDA Commentary: • Sequential decline of 7%, primarily from lower fall through in NAM and lower activity in ESSR, partly offset by higher TRS and Completions activity and fall through in MENA • YoY decline of 20%, primarily from lower fall through in NAM, partly offset by higher Completions and Cementation Products activity and fall through in LAM ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $450 $433 $468 4% (4%) Segment Adj. EBITDA $100 $107 $125 (7%) (20%) Segment Adj. EBITDA margin (%) 22.2% 24.7% 26.7% (249 bps) (449 bps) Well Construction & Completions Q3’26
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Weatherford International Plc 23 Segment Revenue Commentary: • Sequential decline of 1%, primarily from lower international Pressure Pumping activity, partly offset by higher Artificial Lift and Subsea Intervention activity in LAM • YoY decline of 4%, primarily from lower ISDT and Artificial Lift activity in NAM and lower Pressure Pumping and ISDT activity in LAM, partly offset by higher ISDT and Pressure Pumping activity in ESSR Segment Adj. EBITDA Commentary: • Sequential growth of 4%, primarily from higher international Pressure Pumping fall through and higher ISDT and Digital Solutions activity in MENA, partly offset by lower fall through in NAM • YoY growth of 24%, primarily from higher activity and fall through in ESSR and higher fall through in MENA, partly offset by lower ISDT and Pressure Pumping activity in LAM ($ in Millions) Q3’26 Q2’26 Q3’25 Seq (%) YoY (%) Revenue $314 $316 $326 (1%) (4%) Segment Adj. EBITDA $73 $70 $59 4% 24% Segment Adj. EBITDA margin (%) 23.2% 22.2% 18.1% 110 bps 515 bps Production & Intervention Q3’26
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Weatherford International Plc 24 Cash & Capital Discipline: Q3’26 *Non-GAAP – refer to the section titled Appendix Disciplined Capex spends, while delivering on Adj. Free Cash Flow* 61.0% Q3’26 Adj. FCF Conversion* 3.9% Capex as % of Revenue (Q3’26) 29.2% Q3’26 Adj. Net Working Capital (NWC)*Revenue 1.29x 1.06x 0.89x 0.69x 0.63x 0.55x 0.49x 0.48x 0.52x 0.49x 0.51x 0.42x 0.41x 0.34x 0.28x 0.00x 0.50x 1.00x 1.50x Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Net Leverage (Net Debt/Adj. EBITDA)* Adj. NWC*: $1,371 million Q3’26 Capex: $45 million Adj. FCF*: $155 million ❖ Adj. NWC* as % of TTM revenue in Q3’26 improved vs. Q3’25 ❖ Net leverage of <0.5x supports EBITDA and FCF accretive NCS acquisition ❖ Credit Ratings: Moody’s (‘Ba2’/Positive Outlook), S&P Global Ratings (‘BB’/Positive Outlook) and Fitch Ratings (‘BB’/Positive Outlook) ▪ Outlook upgrades to Positive from S&P and Fitch ❖ Shareholder return of $47 million in Q3’26 ▪ Dividends of $19 million and share repurchases of $28 million Adj. NWC* as % of TTM Revenue Q3’26 Highlights 29.6% 28.9% 27.9% 27.0% 29.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 0 500 1000 1500 2000 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 NWC* (% of TTM revenue) Adj. NWC* ($ M) Adj. NWC NWC* (% of TTM Revenue)
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Weatherford International Plc 25 *Non-GAAP – refer to the section titled Appendix Outlook 2026/Q3’26 REVENUES ADJUSTED EBITDA * ADJUSTED FREE CASH FLOW* 20 26 $4.68 - $4.73 Billion $980 - $1,000 Million Adj. FCF conversion* in the high 40% range Q4’ 26 $270 - $290 Million $1.28 - $1.33 Billion Adj. FCF* >$100 Million
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Weatherford International Plc 26 Differentiated suite of products and services with leading technologies across the portfolio International and offshore relative stability and resilience Top-tier operational and financial performance Cash flow generation and shareholder return via dividends and share buybacks Strategy towards asset light balance sheet, high-return investments and rigorous focus on working capital and capex 1 2 3 4 5 LONG-TERM SHAREHOLDER VALUE CREATION WHY INVEST IN WEATHERFORD
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Weatherford International Plc 27 APPENDIX
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Weatherford International Plc 28 We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10(e) of Regulation S-K) may provide users of this financial information additional meaningful comparisons between current results and results of prior periods and comparisons with peer companies. The non-GAAP amounts shown in the following tables should not be considered as substitutes for results reported in accordance with GAAP, but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP. Adjusted EBITDA* - Adjusted EBITDA* is a non-GAAP measure and represents consolidated income before interest expense, net, income taxes, depreciation and amortization expense, and excludes, among other items, restructuring charges, share-based compensation expense, as well as other charges and credits. Management believes adjusted EBITDA* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA* should be considered in addition to, but not as a substitute for consolidated net income and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. Adjusted EBITDA Margin* - Adjusted EBITDA margin* is a non-GAAP measure that is calculated by dividing consolidated adjusted EBITDA* by consolidated revenues. Management believes adjusted EBITDA margin* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA margin* should be considered in addition to, but not as a substitute for consolidated net income margin and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. Adjusted Free Cash Flow* - Adjusted Free Cash Flow* is a non-GAAP measure and represents cash flows provided by (used in) operating activities, less capital expenditures plus proceeds from the disposition of assets. Management believes adjusted free cash flow* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow* should be considered in addition to, but not as a substitute for cash flows provided by operating activities and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. Adjusted Free Cash Flow Conversion* - Adjusted free cash flow conversion* is a non-GAAP measure that is calculated by dividing adjusted free cash flow* by adjusted EBITDA*. Management believes adjusted free cash flow conversion* is useful to assess the level of normalized liquidity generated in the operating cycle. Adjusted free cash flow conversion* should be considered in addition to, but not as a substitute for the GAAP measures described above for the respective components, and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP. Adjusted Free Cash Flow Margin* - Adjusted Free Cash Flow Margin* is a non-GAAP measure that is calculated by dividing adjusted free cash flow* by consolidated revenues. Management believes adjusted free cash flow margin* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow margin* should be considered in addition to, but not as a substitute for operating cash flows divided by consolidated revenue and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. Adjusted Net Working Capital* - Adjusted net working capital* is a non-GAAP measure that is calculated as accounts receivables, net plus inventories, net minus accounts payable. Management believes adjusted net working capital* is useful to assess our ability to manage liquidity related to our direct operations. Adjusted net working capital* should be considered in addition to, but not as a substitute for working capital, calculated as current assets less current liabilities, and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. Non-GAAP Financial Measures Defined (Unaudited) Appendix A (1/2)
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Weatherford International Plc 29 Adjusted Net Working Capital as a Percentage of Revenue* - Adjusted net working capital as a percentage of revenue* is a non-GAAP measure that is calculated as adjusted net working capital divided by revenues for the trailing twelve months. Management believes adjusted net working capital as a percentage of revenue* is useful to assess our ability to manage liquidity related to our direct operations. Adjusted net working capital as a percentage of revenue* should be considered in addition to, but not as a substitute for working capital divided by revenues for the trailing twelve months, calculated as current assets less current liabilities divided by revenue, and should be viewed in addition to the Company's reported results prepared in accordance with GAAP. ROIC (Return on Invested Capital)* - ROIC* is a non-GAAP measure calculated by taking operating income less income taxes for the trailing 12 months as the numerator, divided by the sum of the average for current and long-term debt and total shareholders’ equity at the beginning and end of the trailing 12 month period. Management believes ROIC* is useful to assess our efficiency and profitability in generating returns from invested capital. Other companies may calculate ROIC* differently than we do, which may limit its usefulness as a comparative measure. ROIC should be considered in addition to, but not as a substitute for net income attributable to Weatherford for the trailing 12 months divided by the average of total shareholders' equity at the beginning and end of the trailing 12 month period and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP. Net Debt* - Net debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cash and cash equivalents as we monitor our ability to repay and service our debt. Net debt* should be considered in addition to, but not as a substitute for overall debt and total cash, and should be viewed in addition to the Company’s results prepared in accordance with GAAP. Net Leverage* - Net leverage* is a non-GAAP measure which is calculated by taking net debt* divided by adjusted EBITDA* for the trailing 12 months. Management believes the net leverage* is useful to understand our ability to repay and service our debt. Net leverage* should be considered in addition to, but not as a substitute for the individual components of above defined net debt* divided by consolidated net income attributable to Weatherford, and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP. Gross Leverage* - Gross Leverage* is a non-GAAP measure which is calculated by dividing total debt by adjusted EBITDA* for the trailing 12 months. Management believes gross leverage* is useful to understand our ability to repay and service our debt. Gross leverage* should be considered in addition to, but not as a substitute for, total debt divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP. Non-GAAP Financial Measures Defined (Unaudited) Appendix A (2/2)
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Weatherford International Plc 30 Appendix B GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A $ in Millions Revenues $ 1,143 $ 1,105 $ 1,232 Net Income Attributable to Weatherford $ 120 $ 39 $ 81 Net Income Margin 10.5% 3.5% 6.6% Adjusted EBITDA* $ 254 $ 223 $ 269 Adjusted EBITDA Margin* 22.2% 20.2% 21.8% Net Income Attributable to Weatherford $ 120 $ 39 $ 81 Net Income Attributable to Noncontrolling interests 5 3 6 Income Tax Provision (Benefit) 4 33 52 Interest Expense, Net of Interest Income of $13, $11 and $11 15 16 23 Other Expense, Net 9 16 16 Operating Income 153 107 178 Depreciation and Amortization 70 71 67 Other Charges 4 13 3 Gain on Sale of Business - - - Restructuring Charges 6 9 11 Redomestication 6 12 - Share-Based Compensation 15 11 10 Adjusted EBITDA* $ 254 $ 223 $ 269 Cash Flows Provided by Operating Activities $ 192 $ 175 $ 138 Capital Expenditures for Property, Plant and Equipment (45) (42) (44) Proceeds from Disposition of Assets 8 6 5 Adjusted Free Cash Flow* $ 155 $ 139 $ 99 Adjusted Free Cash Flow Conversion* (Adj FCF*/Adj EBITDA*) 61.0% 62.3% 36.8% Quarters Ended 9/30/26 6/30/26 9/30/25
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Weatherford International Plc 31 Appendix C *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Total Current Assets $ 3,409 $ 3,298 $ 3,275 $ 3,372 $ 3,476 Total Current Liabilities 1,675 1,407 1,418 1,537 1,678 Working Capital $ 1,734 $ 1,891 $ 1,857 $ 1,835 $ 1,798 Cash and Cash Equivalents (1,161) (1,100) (1,012) (987) (967) Restricted Cash (37) (37) (38) (55) (64) Other Current Assets (245) (246) (235) (260) (283) Current Portion of Long-term Debt 264 30 31 30 126 Accrued Salaries and Benefits 277 241 224 285 281 Income Tax Payable 103 95 112 129 104 Current Portion of Operating Lease Liabilities 45 42 47 48 48 Other Current Liabilities 391 374 374 395 429 Adjusted Net Working Capital* $ 1,371 $ 1,290 $ 1,360 $ 1,420 $ 1,472 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 Quarters Ended $ in Millions Total Current Assets $ 3,409 $ 3,298 $ 3,275 $ 3,372 $ 3,476 Total Current Liabilities 1,675 1,407 1,418 1,537 1,678 Working Capital $ 1,734 $ 1,891 $ 1,857 $ 1,835 $ 1,798 Accounts Receivable, Net $ 1,105 $ 1,104 $ 1,166 $ 1,234 $ 1,282 Inventories, Net 861 811 824 836 880 Accounts Payable 595 625 630 650 690 Adjusted Net Working Capital* $ 1,371 $ 1,290 $ 1,360 $ 1,420 $ 1,472 Revenues for the trailing twelve months ("TTM") 4,689 4,778 4,877 4,918 4,970 Working Capital / Revenues for TTM 37.0% 39.6% 38.1% 37.3% 36.2% Adjusted Net Working Capital / Revenues for TTM 29.2% 27.0% 27.9% 28.9% 29.6% Quarters Ended 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25
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Weatherford International Plc 32 Appendix D GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A $ in Millions 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24 Short-term Borrowings and Current Portion of Long-term Debt $ 264 $ 30 $ 31 $ 30 $ 126 $ 26 $ 22 $ 17 $ 21 $ 20 $ 101 $ 168 $ 91 $ 33 $ 120 Long-term Debt 1,216 1,450 1,453 1,455 1,462 1,565 1,583 1,617 1,627 1,628 1,629 1,715 1,864 1,993 2,067 Total Debt $ 1,480 $ 1,480 $ 1,484 $ 1,485 $ 1,588 $ 1,591 $ 1,605 $ 1,634 $ 1,648 $ 1,648 $ 1,730 $ 1,883 $ 1,955 $ 2,026 $ 2,187 Cash and Cash Equivalents $ 1,161 $ 1,100 $ 1,012 $ 987 $ 967 $ 943 $ 873 $ 916 $ 920 $ 862 $ 824 $ 958 $ 839 $ 787 $ 833 Restricted Cash 37 37 38 55 64 60 57 59 58 58 113 105 107 135 150 Total Cash $ 1,198 $ 1,137 $ 1,050 $ 1,042 $ 1,031 $ 1,003 $ 930 $ 975 $ 978 $ 920 $ 937 $ 1,063 $ 946 $ 922 $ 983 Components of Net Debt 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 Short-term Borrowings and Current Portion of Long-term Debt $ 264 $ 30 $ 31 $ 30 $ 126 $ 26 $ 22 $ 17 $ 21 $ 20 $ 101 $ 168 $ 91 $ 33 $ 120 Long-term Debt 1,216 1,450 1,453 1,455 1,462 1,565 1,583 1,617 1,627 1,628 1,629 1,715 1,864 1,993 2,067 Less: Cash and Cash Equivalents 1,161 1,100 1,012 987 967 943 873 916 920 862 824 958 839 787 833 Less: Restricted Cash 37 37 38 55 64 60 57 59 58 58 113 105 107 135 150 Net Debt* $ 282 $ 343 $ 434 $ 443 $ 557 $ 588 $ 675 $ 659 $ 670 $ 728 $ 793 $ 820 $ 1,009 $ 1,104 $ 1,204 Net Income (Loss) for the trailing 12 months $ 405 $ 366 $ 463 $ 431 $ 405 $ 481 $ 470 $ 506 $ 534 $ 500 $ 457 $ 417 $ 349 $ 254 $ 178 Adjusted EBITDA* for the trailing 12 months $ 1,001 $ 1,016 $ 1,047 $ 1,067 $ 1,102 $ 1,188 $ 1,299 $ 1,382 $ 1,377 $ 1,327 $ 1,253 $ 1,186 $ 1,131 $ 1,040 $ 935 Net Leverage* (Net Debt*/Adjusted EBITDA*) 0.28 x 0.34 x 0.41 x 0.42 x 0.51 x 0.49 x 0.52 x 0.48 x 0.49 x 0.55 x 0.63 x 0.69 x 0.89 x 1.06 x 1.29 x 3/31/23 12/31/24 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 6/30/23 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23
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Weatherford International Plc 33 Appendix E GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A $ in Millions Numerator Net Income Attributable to Weatherford $ 405 $ 366 $ 405 Denominator Average Total Shareholders' Equity $ 1,780 $ 1,654 $ 1,462 Net Income Attributable to Weatherford/Total Shareholders' Equity 22.8% 22.1% 27.7% Trailing Twelve Months Ending 9/30/26 6/30/26 9/30/25 $ in Millions Numerator Operating Income $ 582 $ 607 $ 755 - Income Tax Provision 22 70 153 Operating Income Less Income Tax Provision $ 560 $ 537 $ 602 Denominator Average Current Portion of Long-term Debt $ 195 $ 28 $ 74 + Average Long-term Debt 1,339 1,508 1,545 + Average Total Shareholders' Equity 1,780 1,654 1,462 Average Invested Capital $ 3,314 $ 3,190 $ 3,081 ROIC (Return on Invested Capital)* 16.9% 16.8% 19.5% Trailing Twelve Months Ending 9/30/26 6/30/26 9/30/25
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Weatherford International Plc 34 Appendix F Supplemental Financial Information (Unaudited) [1] The average is based on the addition of the account balance at the end of the current period to the account balance at th e end of the prior period and dividing by 2 $ in Millions Numerator Net Income Attributable to Weatherford $ 405 $ 366 $ 405 Denominator Average Total Assets¹ $ 5,304 $ 5,122 $ 5,230 ROA (Return on Assets) 7.6% 7.1% 7.7% Trailing Twelve Months Ending 9/30/26 6/30/26 9/30/25
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Weatherford International Plc 35 Appendix G Supplemental Financial Information (Unaudited) $ in Millions Selected Balance Sheet Data Total Assets $ 5,336 $ 5,102 $ 5,272 $ 5,141 $ 5,188 Current Portion of Long-term Debt 264 30 126 26 21 Long-term Debt 1,216 1,450 1,462 1,565 1,627 Total Shareholders' Equity 1,992 1,789 1,567 1,519 1,356 Quarters Ended 9/30/26 6/30/26 9/30/25 6/30/25 9/30/24
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Weatherford International Plc 36 Appendix H GAAP to Non-GAAP Financial Measures Reconciled (Unaudited) $ in Millions Numerator Cash Flows Provided by Operating Activities $ 192 $ 175 $ 138 Denominator Revenues $ 1,143 $ 1,105 $ 1,232 Cash Flows Provided by Operating Activities/Revenues 16.8% 15.8% 11.2% 9/30/26 6/30/26 9/30/25 Quarters Ended $ in Millions Numerator Cash Flows Provided by Operating Activities $ 192 $ 175 $ 138 - Capital Expenditures for Property, Plant and Equipment 45 42 44 + Proceeds from Disposition of Assets 8 6 5 Adjusted Free Cash Flow* $ 155 $ 139 $ 99 Denominator Revenues $ 1,143 $ 1,105 $ 1,232 Adjusted Free Cash Flow Margin* 13.6% 12.6% 8.0% Quarters Ended 9/30/26 6/30/26 9/30/25 *Non-GAAP – as reconciled to the GAAP measures above and defined in APPENDIX A
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Weatherford International Plc 37 FOR FURTHER COMPANY INFORMATION WE INVITE YOU TO VISIT THANK YOU THANK YOU FOR FURTHER COMPANY INFORMATION WE INVITE YOU TO VISIT Weatherford.com Linkedin.com/Company/Weatherford Facebook.com/Weatherford YouTube.com/Weatherford @WeatherfordCorp @WeatherfordCorp Weatherford.com Linkedin.com/Company/Weatherford Facebook.com/Weatherford YouTube.com/Weatherford @WeatherfordCorp @WeatherfordCorp