Weatherford International PLC

Weatherford International plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through three segments: Drilling and Evaluation, Well Construction and Completions & Production and Intervention. The Drilling and Evaluation offers managed pressure drilling, drilling services, wire line and drilling fluids. The Well Construction and Completions including tubular running services, cementation products, completions, liner hangers and well services. The Production and Intervention offers intervention services & drilling tools, artificial lift, production automation & software, sub-sea intervention and pressure pumping services. The company was founded in 1941 and is headquartered in Houston, TX.

Earnings data Q2 2021

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Earnings data Q1 2024

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Earnings data Q4 2024

Weatherford International reports robust earnings, eyes margin expansion and debt reduction

Weatherford International's strong financial performance in Q4 2022 and full year, driven by revenue growth, margin expansion, and operational efficiencies, positions the company well for future growth.
While facing short-term challenges in Q1 2023 with margin decline and negative free cash flow, Weatherford's focus on debt reduction, margin improvement, and operational excellence presents opportunities for long-term success.
The company's strategic priorities of financial performance, organizational vitality, and innovation align with market opportunities in international and offshore segments, signaling a proactive approach to sustainable growth.

Weatherford International excels in Q1, eyes international growth opportunities

Weatherford International delivered a strong Q1 performance, exceeding revenue, margin, and cash generation expectations. Despite challenges in certain markets and cost recoveries impacting Q2 revenue, the company remains focused on strategic priorities for long-term growth and profitability.

Weatherford International PLC reports robust Q2 earnings and market optimism

Weatherford International's Q2 2023 showcased strong financial performance, notable contract wins, and technological advancements. Despite challenges in North America and financial queries, the company remains optimistic about market opportunities and growth prospects.

Weatherford reports strong Q3 performance, eyes international market growth

Weatherford International PLC's Q3 performance showcased revenue growth, margin improvement, and strong cash flow generation. The company's strategic priorities focus on margin expansion, cash generation, and enhancing the balance sheet. With a positive market outlook for international and offshore segments, Weatherford aims to leverage technological advancements and strategic initiatives for future growth.

Weatherford International excels in 2023, eyes global growth opportunities

Weatherford International's strong 2023 performance, focus on margin expansion, and strategic priorities for 2024 position the company for continued growth. Debt reduction, CapEx management, and sustaining margin expansion are key challenges. M&A opportunities, international growth, and regional opportunities offer avenues for further expansion.

Weatherford International excels in Q1 2024, eyes gas market growth

Weatherford International's Q1 2024 showcased strong financial performance, strategic focus on growth and innovation, and positive market outlook. While facing challenges in capital allocation and margin progression, the company is well-positioned to capitalize on opportunities in the gas sector and international markets.

Weatherford International reports robust Q2 performance amidst global challenges

Weatherford International's Q2 performance showcased strong financial metrics and international growth, despite challenges from external factors.
The company's strategic initiatives, including a shareholder return program and focus on technology, position it well for future success and value creation.
While facing challenges like social unrest and debt reduction, Weatherford's opportunities lie in revenue growth, margin improvement, and market expansion.

Weatherford International reports robust Q3 performance and optimistic outlook

Weatherford International's Q3 2024 performance showcased strong financial metrics, strategic initiatives, and a positive outlook for the year. The company's focus on margin expansion, cash flow generation, and inorganic growth highlights its commitment to long-term success and value creation for stakeholders.

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Weatherford International plc engages in providing equipment and services to the oil and natural gas exploration and production industry. It operates through the following segments: Drilling and Evaluation (DRE), Well Construction and Completions (WCC) and Production and Intervention (PRI). The DRE segment offers managed pressure drilling, drilling services, wire line, and drilling fluids. The WCC segment includes tubular running services, cementation products, completions, liner hangers, and well services. The PRI segment covers the intervention services and drilling tools, artificial lift, production automation and software, sub-sea intervention, and pressure pumping services. The company was founded in 1941 and is headquartered in Houston, TX.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Weatherford International PLC (WFRD) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Weatherford International PLC (WFRD) a Good Fit for "Trend Investing"

The stock price of Weatherford International plc (NASDAQ: WFRD) increased by over 16% during intraday trading today. This is why it happened.

WFRD Stock: Why It Increased Today

Energy services company Weatherford International Plc WFRD, +1.19% said Tuesday it expects its third-quarter earnings to outperform the guidance i offered in July, as it continues to work to turn around its business. The company is now expecting revenue to rise 4% to 5% in the third quarter compared with the second quarter.

UPDATE: Energy services company Weatherford says Q3 revenue expected to exceed guidance and consensus

HOUSTON, Oct. 12, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer"), has commenced a tender offer (the "Tender Offer") to purchase for cash up to $1,500,000,000 aggregate principal amount of its outstanding 11.00% Senior Notes due 2024 (the "Notes").

Weatherford International plc Announces Cash Tender Offer for up to $1,500 million of Weatherford International Ltd.'s 11.00% Senior Notes Due 2024

HOUSTON, Oct. 12, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer") is proposing to issue $1,500 million aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Weatherford International plc Announces the Commencement of a $1,500,000,000 Senior Notes Offering

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 cash flow expected to be at least 75% higher Girish Saligram, President and Chief Executive Officer, commented, "Our focus on driving our key imperatives continues to deliver demonstrable proof of the ongoing operational turnaround at Weatherford.

Weatherford Provides Preliminary Third-Quarter 2021 Performance Update and Announces Third-Quarter 2021 Conference Call

HOUSTON, Sept. 30, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd.

Weatherford International plc Announces Closing of Senior Secured Notes Offering

HOUSTON, Sept. 21, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd.

Weatherford International plc Announces the Pricing of a $500,000,000 6.5% Senior Secured Notes Offering

HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd.

Weatherford International plc Announces the Commencement of a $500,000,000 Senior Secured Notes Offering

WFRD's orders from international businesses have started flowing in 2021.

Weatherford International: Balance Sheet Concerns May Nibble Growth Prospect

Weatherford International plc (WFRD) CEO Girish Saligram on Q2 2021 Results - Earnings Call Transcript

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.

Weatherford Announces Second-Quarter 2021 Results

HOUSTON, July 8, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") will host a conference call on Thursday, July 29, 2021 to discuss the Company's results for the fiscal quarter ended June 30, 2021. The conference call will begin at 10:00 a.m.

Weatherford Announces Second-Quarter 2021 Conference Call

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With the trading day about halfway over, the markets were trading sideways yet again, and it seems like the major averages may be stuck on this plateau.

News for Weatherford International PLC Stock (WFRD)