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, April 12, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced that Weatherford International Ltd., a Bermuda exempted company and wholly owned subsidiary of Weatherford (“Weatherford Bermuda”), has commenced a consent solicitation (the “Consent Solicitation”) to solicit the consent of holders of its outstanding 6.500% Senior Secured First Lien Notes due 2028 (the “Notes”) for amendments (the “Proposed Amendments”) to the indenture governing the Notes (the “Indenture”).

Weatherford Announces Launch of Consent Solicitation to Holders of its 6.500% Senior Secured First Lien Notes Due 2028

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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.

Weatherford Announces First-Quarter 2023 Conference Call

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Weatherford looks set to benefit from an upswing in E&P CapEx spending after years of underinvestment. New products have helped the company do well in the offshore market.

Weatherford: Set To Benefit From E&P CapEx Upcycle After Weathering The Storm

HOUSTON, March 15, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2022 Annual Report. The interactive and fully digital report shares highlights of the Company's 2022 financial results, significant milestones, strategic focus areas, achievements, and priorities for the future.

Weatherford Releases 2022 Digital Annual Report

Does Weatherford (WFRD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Weatherford (WFRD) is a Great Momentum Stock: Should You Buy?

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

What Makes Weatherford (WFRD) a Good Fit for 'Trend Investing'

Weatherford (WFRD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Weatherford (WFRD) Run Higher on Rising Earnings Estimates?

Weatherford International PLC, Inc. (NASDAQ:WFRD ) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Mohammed Topiwala - Director, IR and M&A Girishchandra Saligram - President, CEO & Director Desmond Mills - SVP & CAO Arunava Mitra - EVP & CFO Conference Call Participants James West - Evercore ISI Luke Lemoine - Piper Sandler & Co. Atidrip Modak - Goldman Sachs Group James Hubbard - Deutsche Bank Gregg Brody - Bank of America Merrill Lynch Operator Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International's Fourth Quarter and Full Year 2022 Earnings Call.

Weatherford International PLC (WFRD) Q4 2022 Earnings Call Transcript

HOUSTON, Feb. 07, 2023 (GLOBE NEWSWIRE) --  Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the fourth quarter of 2022 and full year 2022.

Weatherford Announces Fourth Quarter and Full Year 2022 Results

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.

Weatherford Announces Fourth-Quarter and Full-Year 2022 Conference Call

HOUSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) --  Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) has appointed Arun Mitra as the Company's Executive Vice President and Chief Financial Officer. Mr. Mitra's appointment is effective immediately.

Weatherford Appoints Arun Mitra as Executive Vice President and Chief Financial Officer

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HOUSTON, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) signed a multi-year agreement with DataRobot, a leader in artificial intelligence (AI), to deliver advanced AI solutions in its digital platforms, including the ForeSite® production optimization and Centro™ well construction platforms.

Weatherford Signs Agreement with DataRobot to Advance Artificial Intelligence Capabilities

HOUSTON, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced the Company's issuer credit rating has recently been upgraded to 'B' from 'B-' by S&P Global Ratings (“S&P”). S&P based the rating upgrade in part due to improvements in financial performance and liquidity driven by stronger operational performance, the recently announced $400 million credit facility and the series of debt repayment transactions that improved liquidity and debt leverage profile demonstrating the Company's improved access to capital markets, as well as expected continued improvement in market conditions and the Company's financial measures.

Weatherford Announces Upgrade in Credit Rating To 'B' From 'B-', Outlook Stable

HOUSTON, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced a strategic partnership with Ardyne, a leader in specialized well-decommissioning technology. This agreement will enable Weatherford and Ardyne to deliver significant value to customers globally by offering the industry's most comprehensive portfolio of Plug & Abandonment (P&A) and Slot Recovery solutions.

Weatherford Partners with Ardyne, Bolstering Plug & Abandonment and Slot Recovery Portfolio

The mean of analysts' price targets for Weatherford (WFRD) points to a 26.4% 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 Believe Weatherford (WFRD) Could Rally 26%: Here's is How to Trade

Will Weatherford (WFRD) Gain on Rising Earnings Estimates?

Weatherford (WFRD) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

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What Makes Weatherford (WFRD) a Strong Momentum Stock: Buy Now?

Weatherford International plc (NASDAQ:WFRD ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Mohammed Topiwala - Director, Investor Relations & M&A Girish Saligram - President & Chief Executive Officer Desmond Mills - Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer Conference Call Participants Doug Baker - Benchmark Research Luke Lemoine - Piper Sandler James Hubbard - Deutsche Bank Gregg Brody - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Third Quarter 2022 Earnings Call.

News for Weatherford International PLC Stock (WFRD)