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.

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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.

HOUSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and, the “Company,” “we,” “us” and “our”) through its wholly owned subsidiary, Weatherford International Ltd., today issued a notice of redemption to redeem $50,000,000 aggregate principal amount outstanding of its 6.50% Senior Notes due 2028 (the “2028 Notes”) on October 23, 2023 (the “Redemption Date”) at a redemption price of 103.00% of the principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date.

Weatherford Announces Intention to Redeem $50 Million Principal Amount of 6.50% Senior Notes Due 2028

Weatherford put up solid results this year, consistently increasing its guidance. The company trades at a discount to international rivals and is expected to continue growing. Past issues look to be firmly behind the firm, with its balance sheet in solid shape.

Weatherford International: Increasing Target As Company Continues To Deliver

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.

Weatherford Announces Third-Quarter 2023 Conference Call

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Weatherford International plc's share price has surged 200% in the past year due to improved financial performance and an optimistic outlook. The company is gaining market share and expanding internationally, particularly in Latin America through partnerships like Petrobras. While Weatherford's cash position and debt reduction are positive, its valuation is a concern, trading at a significant premium to the sector.

Weatherford International: I Think We Are Consolidating Here

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Weatherford International plc (NASDAQ:WFRD ) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Mohammed Topiwala - Vice President, Investor Relations Girish Saligram - President and Chief Executive Officer Arun Mitra - Executive Vice President and Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Doug Becker - Capital One Ati Modak - Goldman Sachs Kurt Hallead - Benchmark Connor Jensen - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Second Quarter 2023 Earnings Call.

Weatherford International plc (WFRD) Q2 2023 Earnings Call Transcript

Weatherford (WFRD) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to loss of $0.11 per share a year ago.

Weatherford (WFRD) Q2 Earnings Lag Estimates

*Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook

HOUSTON, July 12, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (the "Company" or "Weatherford") today announced it has been awarded a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ("Petrobras") in Brazil.

Weatherford Awarded Offshore Intervention Services Contract with Petrobras

Weatherford International, an oil and gas industry service provider, is showing signs of a turnaround with increased production and activity, and a seven-year contract with PDO for its ForeSite technology. The company has seen three consecutive years of positive free cash flow, with a 258% increase in share price over the last 12 months, and is diversifying its markets and revenue streams. Despite risks such as energy price downturns and geopolitical uncertainties, WFRD's improved operations and reduced debt offer a good risk/reward ratio, making it an attractive investment opportunity.

Weatherford: The Turnaround Is Happening Fast

HOUSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” the “Company,” “we,” “us,” and “our”) announced today the release of its 2022 Sustainability Report, which details our continued progress towards advancing our environmental, social, and governance (“ESG”) objectives, and highlights recent accomplishments.

Weatherford Releases 2022 Sustainability Report

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.

Weatherford Announces Second-Quarter 2023 Conference Call

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HOUSTON, June 08, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a three-year contract with Aramco to deliver drilling services.

Weatherford Awarded Drilling Services Contract from Aramco

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The mean of analysts' price targets for Weatherford (WFRD) points to a 28.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 28.79% Upside in Weatherford (WFRD): Can the Stock Really Move This High?

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Is Weatherford International (WFRD) Stock Outpacing Its Oils-Energy Peers This Year?

Weatherford (WFRD) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to loss of $0.59 per share a year ago.

News for Weatherford International PLC Stock (WFRD)