HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced it has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V. The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact Name of Registran ...

Financial Data and Key Metrics Changes - The second quarter results were in line with expectations despite significant market headwinds, with adjusted EBITDA margins at 21.1%, slightly declining from Q1 [7][11] - Adjusted free cash flow was $79 million, with a free cash flow conversion rate of 31.1%, up from 26.1% in Q1 [21][24] - The company has paid four quarterly dividends of $0.25 per share and repurchased approximately $186 million worth of shares over the past four quarters [11][24] Business Line Data and Key Metrics Changes - North America and Latin America revenues were down sequentially, with North America affected by seasonal spring breakup in Canada and Latin America impacted by Argentina divestitures [9][10] - The ESSR region saw growth due to project startups in Europe, while the Middle East and North Africa region showed noteworthy performance despite a softening market in Saudi Arabia [10][12] - The company expects a decline in revenues for 2025, with North America projected to decline by high single digits and international revenues expected to decline low double to mid double digits [19][28] Market Data and Key Metrics Changes - The overall international market has softened, with increased caution and a slowdown in customer spending due to stable commodity prices and trade discussions causing uncertainty [14][15] - The rig count in Saudi Arabia has declined, affecting the market dynamics, but the company believes it remains underpenetrated in several businesses [36][37] - The U.S. Land market has been challenging, with pricing pressure noted, particularly in the service-related segments [82] Company Strategy and Development Direction - The company is focused on defending margins and maximizing cash generation while adapting to evolving market conditions [29][31] - A multiyear cost optimization program is in place to achieve sustainable productivity gains through technology and lean processes [31] - The company is exploring M&A opportunities, particularly in well construction and production segments, with a focus on value creation through cash flow accretion [73][75] Management's Comments on Operating Environment and Future Outlook - Management anticipates market headwinds will persist for at least another twelve months, with a potential recovery not expected until the second half of 2026 [16][39] - The company has reduced headcount by over 1,500 and lowered annualized personnel expenses by more than $125 million since 2024 [17][18] - Despite challenges, management remains optimistic about the company's future, emphasizing a strong balance sheet and commitment to shareholder returns [30][31] Other Important Information - The company has approximately $1 billion in cash and restricted cash, with total liquidity at $1.3 billion, the highest level since emergence [25][92] - Capital expenditures were $54 million in Q2, down from $77 million in Q1, with expectations for further declines [24][28] - The company is committed to maintaining net working capital efficiency levels at 25% or better [21] Q&A Session Summary Question: Insights on Saudi Arabia's market transition - Management acknowledged the softness in the Saudi market but highlighted the company's underpenetration in several businesses and strong execution [36][37] Question: Clarification on Q4 guidance - Management indicated that the Q4 guidance includes expected seasonal sales and project startups, despite uncertainties due to tariffs [44][46] Question: U.S. Land market challenges - Management noted a steady decline in U.S. Land, with a focus on production products and the impact of tariffs on future performance [51][55] Question: Stability in Mexico's market - Management expressed cautious optimism about stability in Mexico, with expectations for a ramp in activity levels in the second half of the year [60][66] Question: M&A opportunities and balance sheet strategy - Management confirmed a robust pipeline for M&A opportunities, focusing on strategic fits that create value, while maintaining a strong balance sheet [73][75] Question: Pricing pressure in various regions - Management identified North America as experiencing significant pricing pressure, particularly in service businesses, while remaining focused on maintaining margins [82]

Weatherford International (WFRD) Q2 2025 Earnings Call July 23, 2025 08:30 AM ET Speaker0Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Second Quarter twenty twenty five Results. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad.To withdraw your question, please press star, then 2. As a reminder, this event is being recorde ...

INVESTOR PRESENTATION Q2'25 Weatherford International PLC Weatherford International Plc. 1 Q2'25 FINANCIAL RESULTS - HIGHLIGHTS ADJ. FREE CASH FLOW* $1,204 million $254 million $79 million 1% Sqtly. 14% YoY Flat Sqtly. 30% YoY 31.1% Conversion (on Adj. EBITDA*) 21.1% 11 bps Sqtly. 488 bps YoY ADJ. EBITDA* REVENUE CAPITAL ALLOCATION Repurchased $27 million of 8.625% Senior Notes due 2030 in Q2'25 Disclaimer This presentation contains projections and forward-looking statements concerning, among other things, ...

Core Viewpoint - Weatherford (WFRD) reported quarterly earnings of $1.87 per share, significantly exceeding the Zacks Consensus Estimate of $0.97 per share, marking an earnings surprise of +92.78% [1][2] Financial Performance - The company achieved revenues of $1.2 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.94%, although this represents a decline from year-ago revenues of $1.41 billion [2] - Over the last four quarters, Weatherford has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance - Weatherford shares have declined approximately 25.4% since the beginning of the year, contrasting with the S&P 500's gain of 7.2% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.44 on revenues of $1.22 billion, and for the current fiscal year, it is $4.90 on revenues of $4.82 billion [7] - The trend of estimate revisions for Weatherford was unfavorable prior to the earnings release, which may impact future stock movements [6] Industry Context - The Oil and Gas - Field Services industry, to which Weatherford belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8]

Exhibit 99.1 News Release *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled • Second quarter revenue of $1,204 million increased 1% sequentially • Second quarter operating income of $237 million increased 67% sequentially • Second 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% decrease ...

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 millio ...

Core Insights - Weatherford International (NASDAQ: WFRD) is in a paradoxical position with solid fundamentals after years of restructuring [1] - The company has refocused its portfolio on high value-added services, demonstrating stable operating profitability and regular cash generation [1] - Financial leverage has improved, indicating a stronger financial position [1] Investment Approach - The investment approach combines macroeconomic analysis with valuation models, focusing on financial structure, free cash flow generation, and capital allocation discipline [1] - There is a particular interest in companies undergoing transformation or recovery, where the risk/reward profile is favorable over a 2–3 year horizon [1] - The aim is to publish in-depth investment theses on undervalued equities and special situation plays that may not be widely recognized by investors [1]

Group 1 - The company fulfills 3 out of 3 quality indicators and 0 out of 2 valuation indicators, resulting in a rating of 3/5 stars, which is typically insufficient for a strong investment thesis [2] - A valuation target of €140/share is established, indicating an attractive risk/reward-adjusted upside [2] - The company receives a "Hold" rating as of July 2025 based on the analysis [2] Group 2 - The company fulfills 3 out of 3 quality indicators and 1 out of 2 valuation indicators, leading to a rating of 4/5 stars, which supports a more favorable investment thesis [2] - A valuation target of €140/share is reiterated, suggesting a compelling risk/reward-adjusted upside [2] - The company is given a "Buy" rating as of July 2025 based on the improved indicators [2]