Apr. 22 at 9:43 PM
Weatherford International expects the impact of the Iran-related conflict to worsen in the current quarter before improving later in the year. CEO Girish Saligram said the war could reduce earnings by
$30–
$50 million in the first half, with disruptions to global energy shipments becoming more visible in Q2.
Despite beating Q1 earnings estimates, operations have been halted for weeks in parts of Iraq, Qatar, and Kuwait, while higher freight, fuel, and transport costs add pressure. The conflict has significantly disrupted oil and gas flows from the Persian Gulf, weighing on service providers reliant on Middle East activity. Halliburton has issued similar warnings.
Weatherford anticipates a recovery in the second half of 2026, especially if the conflict eases, with equipment maintenance services likely to benefit first during reconstruction. Longer term, rising energy security needs are expected to support growth through 2027.
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