WFRD - Earnings announcements

First quarter revenue of $1,152 million decreased 3% year-over-yearFirst quarter operating income of $123 million decreased 13% year-over-yearFirst quarter net income of $108 million increased 42% year-over-year; net income margin of 9.4%First quarter adjusted EBITDA* of $233 million, decreased 8% year-over-year; adjusted EBITDA margin* of 20.2% decreased 98 basis points year-over-yearFirst quarter cash provided by operating activities of $136 million and adjusted free cash flow* of $85 millionShareholder return of $30 million for the quarter, which included dividend payments of $20 million and share repurchases of $10 millionAwarded a multi-year Integrated Completions contract to support of

HOUSTON, March 23, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, April 22, 2026 to discuss the Company's results for the first quarter ended March 31, 2026. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (w

Fourth quarter revenue of $1,289 million increased 5% sequentially and decreased 4% year-over-year; full year revenue of $4,918 million decreased 11% from prior yearFourth quarter operating income of $199 million increased 12% sequentially and increased 1% year-over-year; full year operating income of $756 million decreased 19% from prior yearFourth quarter net income of $138 million, a 10.7% margin, increased 70% sequentially and increased 23% year-over-year; full year net income of $431 million, an 8.8% margin, decreased 15% from prior yearFourth quarter adjusted EBITDA* of $291 million, a 22.6% margin*, increased 8%, or 74 basis points  sequentially and decreased 11%, or 173 basis points,

HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, February 4, 2026 to discuss the Company's results for the fourth quarter and full year ended December 31, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by regist

Third quarter revenue of $1,232 million increased 2% sequentiallyThird quarter operating income of $178 million decreased 25% sequentiallyThird quarter net income of $81 million decreased 40% sequentially; net income margin of 6.6%Third quarter adjusted EBITDA* of $269 million increased 6% sequentially; adjusted EBITDA margin* of 21.8% increased 74 basis points sequentiallyThird quarter cash provided by operating activities of $138 million and adjusted free cash flow* of $99 millionExpanded the credit facility by $280 million with aggregate commitments of $1 billionAnnounced the offer of $1,200 million in aggregate principal amount of 6.75% Senior Notes due 2033 and the cash tender offer to

HOUSTON, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, October 22, 2025, to discuss the Company's results for the third quarter ended September 30, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in adv

Second quarter revenue of $1,204 million increased 1% sequentiallySecond quarter operating income of $237 million increased 67% sequentiallySecond quarter net income of $136 million increased 79% sequentially; net income margin of 11.3%Second quarter adjusted EBITDA* of $254 million was flat sequentially; adjusted EBITDA margin* of 21.1% decreased 11 basis points sequentiallySecond quarter cash provided by operating activities of $128 million and adjusted free cash flow* of $79 millionRepurchased $27 million of 8.625% Senior Notes due 2030 in the second quarter of 2025Shareholder return of $52 million for the quarter, which included dividend payments of $18 million and share repurchases of $

HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, July 23, 2025 to discuss the Company's results for the second quarter ended June 30, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (whi

First quarter revenue of $1,193 million decreased 12% year-over-yearFirst quarter operating income of $142 million decreased 39% year-over-yearFirst quarter net income of $76 million, a 6.4% margin, decreased 32% year-over-yearFirst quarter adjusted EBITDA* of $253 million, a 21.2% margin, decreased 25%, or 354 basis points, year-over-yearFirst quarter cash provided by operating activities of $142 million and adjusted free cash flow* of $66 millionRepurchased $34 million of 8.625% Senior Notes due 2030 in the first quarter of 2025Shareholder return of $71 million for the quarter, which included dividend payments of $18 million and share repurchases of $53 millionBoard approved quarterly cash

HOUSTON, March 14, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, April 23, 2025 to discuss the Company's results for the first quarter ended March 31, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (w

Fourth quarter revenue of $1,341 million decreased 5% sequentially and 2% year-over-year; full year revenue of $5,513 million increased 7% from prior year, driven by international revenue growth of 10%Fourth quarter operating income of $198 million decreased 19% sequentially and 8% year-over-year; full year operating income of $938 million increased 14% from prior yearFourth quarter net income of $112 million, an 8.4% margin, decreased 29% sequentially and 20% year-over-year; full year net income of $506 million, a 9.2% margin, increased by 21% from prior yearFourth quarter adjusted EBITDA* of $326 million, a 24.3% margin, decreased 8%, or 88 basis points, sequentially and increased 2%, or 7

HOUSTON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Thursday, February 6, 2025 to discuss the Company's results for the fourth quarter and full year ended December 31, 2024. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registe

Revenues of $1,409 million increased 7% year-over-yearOperating income of $243 million increased 11% year-over-yearNet income of $157 million increased 28% year-over-year; net income margin of 11.1%Adjusted EBITDA* of $355 million increased 16% year-over-year; adjusted EBITDA margin* of 25.2% increased by 197 basis points year-over-yearCash provided by operating activities of $262 million, an increase of $112 million sequentially and $90 million year-over-year; adjusted free cash flow* of $184 million, an increase of $88 million sequentially and $47 million year-over-yearReceived credit rating upgrade from S&P Global Ratings to ‘BB-' with positive outlook, and from Fitch to ‘BB-' with stable

HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, October 23, 2024 to discuss the Company's results for the third quarter ending September 30, 2024. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in

Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequentially and by 314 basis points year-over-yearCash provided by operating activities of $150 million; adjusted free cash flow* of $96 millionIntroduced the Company's first-ever shareholder return program wi

HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, July 24, 2024 to discuss the Company's results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (whi

First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $82 millionDebt repayments of $167 million on our 6.50% Senior Secured Notes in the first quarter of 2024Issued notice to redeem the remaining $82 million of our 6.5% Senior Secured Notes, leaving only

HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, April 24, 2024 to discuss the Company's results for the first quarter ended March 31, 2024. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (w

Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-year; full year net income of $417 million, an 8.1% margin, increased by 1,504% from prior yearFourth quarter adjusted EBITDA* of $321 million, a 23.6% margin, increased 5% and 34 basis points sequenti

HOUSTON, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, February 7, 2024 to discuss the Company's results for the fourth quarter and full year ended December 31, 2023. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by regist

Revenues of $1,313 million increased 3% sequentially and 17% year-over-year, driven by international revenue growth of 3% sequentially and 27% year-over-yearOperating income of $218 million increased 8% sequentially and 80% year-over-yearNet income of $123 million increased 50% sequentially and 339% year-over-year; net income margin of 9.4%Adjusted EBITDA* of $305 million increased 5% sequentially and 43% year-over-year; adjusted EBITDA margin* of 23.2%, highest in over 14 yearsCash provided by operating activities of $172 million and adjusted free cash flow* of $137 millionDebt repayments of $147 million on 6.50% Senior Secured Notes comprised of $72 million in the third quarter of 2023, an

HOUSTON, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, October 25, 2023 to discuss the Company's results for the third quarter ended September 30, 2023. The conference call will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in adv

Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12%Operating income of $201 million increased 9% sequentiallyNet income of $82 million increased $10 million sequentially; net income margin of 6.4%Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8%Cash provided by operating activities of $201 million and adjusted free cash flow* of $172 millionDebt repayments of $159 million in the second quarter of 2023First deployment of Modus™, our performance tier Managed Pressure Drilling offeringLaunched StringGuard™, a unique technology that enhances safety and operational efficiency by mitigating the risk of dropp

HOUSTON, June 30, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, July 26, 2023 to discuss the Company's results for the second quarter ended June 30, 2023. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (whi

Revenues of $1,186 million increased 26% year-over-yearOperating income of $185 million increased 928% year-over-yearNet income of $72 million increased 190% year-over-year; net income margin of 6.1%Adjusted EBITDA* of $269 million increased 78% year-over-year; adjusted EBITDA margin* of 22.7%Cash provided by operating activities of $84 million and adjusted free cash flow* of $27 millionSenior notes repayments and repurchases of $62 million in the first quarter of 2023, followed by issuance of notice to redeem the remaining $105 million of 11% senior unsecured notes due 2024Over $1.2 billion of global commercial wins during the first quarter of 2023Launched new technology offerings in all th

HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, April 26, 2023 to discuss the Company's results for the first quarter ended March 31, 2023. The conference call will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (

Fourth quarter revenues of $1,209 million, increased 8% sequentially and 25% year-over-year; full year revenues of $4,331 million, increased 19% from prior year, the highest growth rate in over 10 yearsFourth quarter operating income of $169 million, increased 40% sequentially and 412% year-over-year; full year operating income of $412 million, increased 255% from prior yearFourth quarter net income of $72 million, increased 157% sequentially; full year net income of $26 million, compared to net loss of $450 million in the prior yearFourth quarter adjusted EBITDA[1] was $266 million, a 22.0% margin with a 290 basis point sequential improvement and 73% improvement year-over-year; full year ad

HOUSTON, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, February 8, 2023 to discuss the Company's results for the fourth quarter and full year ended December 31, 2022. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by regist

Third quarter revenues of $1,120 million, increased 5% sequentially, led by higher Drilling and Evaluation activityNet income was $28 million and operating income was $121 millionAdjusted EBITDA[1] was $214 million, a 19.1% adjusted EBITDA margin with a 160 basis point sequential improvementNet cash provided by operating activities was $160 million and free cash flow[1] was $133 million, primarily driven by higher adjusted EBITDA margins and working capital efficiency Secured significant contract wins across the portfolio with IOC's and NOC's, including ADNOC, KOC, and YPFAmended Credit Facility with increase in aggregate amount available to $370 million, and a two-year maturity extension su

HOUSTON, Oct. 3, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Wednesday, October 26, 2022 to discuss the Company's results for the third quarter ended September 30, 2022. The conference call will begin at 10:00 a.m. Eastern Time (09:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (whi

Full-year revenue outlook increased to mid-teens growth year-over-yearSecond quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14%Operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted EBITDA[1] was $186 million or a 17.5% adjusted EBITDA margin, a sequential increase of 23%, a 140 basis points adjusted EBITDA margin rate expansionNet cash provided by operating activities was $60 million and free cash flow[1] was $59 million, driven by improved collections efficiencyIssued a notice of election to redeem $50 million of our 11% senior unsecured notesJoined the broad-market Russell 3000® Index, effe

HOUSTON, July 5, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Thursday, July 28, 2022 to discuss the Company's results for the second quarter ended June 30, 2022. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (which will pr

Revenues of $938 million increased 13% year-over-yearOperating income totaled $18 million and adjusted EBITDA[1] totaled $151 million, or 16% adjusted EBITDA margins representing increases of 238%, 48% and 380 basis points year-over-year respectivelyCash used in operating activities was $64 million and negative free cash flow[1] was $64 million mainly driven by working capital requirementsInnovation focus highlighted with commercialization of new technology and expanded Managed Pressure Drilling and Tubular Running Services offeringsOTC Asia Spotlight on New Technology Award for our Memory Raptor™ Cased-Hole Evaluation SystemHOUSTON, April 27, 2022 /PRNewswire/ -- Weatherford International p

HOUSTON, March 30, 2022  /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Thursday, April 28, 2022 to discuss the Company's results for the fiscal quarter ended March 31, 2022. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (which wi

HOUSTON, Feb. 16, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") announced today its results for the fourth quarter of 2021. Fourth quarter 2021 revenues were $965 million, an increase of 15% year-over-year and 2% sequentially. Fourth quarter 2021 operating income was $33 million compared to an operating loss of $107 million in the fourth quarter of 2020 and operating income of $71 million in the third quarter of 2021. Fourth quarter 2021 net loss was $161 million compared to $200 million in the fourth quarter of 2020 and $95 million in the third quarter of 2021. Fourth quarter 2021 cash flows provided by operations were $88 million compare

HOUSTON, Jan. 18, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") will host a conference call on Thursday, February 17, 2022 to discuss the Company's results for the fourth quarter and full year ending December 31, 2021. The conference call will begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering i

HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") announced today its results for the third quarter of 2021. Third quarter 2021 revenues were $945 million, an increase of 5% sequentially and 17% year-on-year. Third quarter 2021 operating income was $71 million compared to operating income of $25 million in the second quarter of 2021 and an operating loss of $60 million in the third quarter of 2020. Third quarter 2021 net loss was $95 million compared to  $78 million in the second quarter of 2021 and $174 million in the third quarter of 2020. Third quarter 2021 cash flows provided by operations were $114 million compared to $46

HOUSTON, Oct. 12, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") provides a preliminary financial performance update for the fiscal quarter ended September 30, 2021 and announces it will host a conference call on Tuesday, November 2, 2021 to discuss the Company's results for the third quarter 2021. PRELIMINARY FINANCIAL PERFORMANCE UPDATE FOR Q3'21 RELATIVE TO Q2'21 Consolidated revenues expected to increase by 4% to 5% Adjusted EBITDA expected to be higher by at least 25% and Adjusted EBITDA margins expected to increase by at least 350 basis points Operating income expected to increase by at least 50% Cash flow from operations and free cas

HOUSTON, July 28, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") announced today its results for the second quarter of 2021. Revenues for the second quarter of 2021 were $903 million, an increase of 9% sequentially and 10% year-on-year.  Reported operating income was $25 million in the second quarter of 2021, compared to an operating loss of $13 million in the first quarter of 2021 and an operating loss of $497 million in the second quarter of 2020. The Company's second-quarter 2021 net loss was $78 million, compared to a net loss of $116 million in the first quarter of 2021 and a net loss of $581 million in the second quarter of 2020. Seco