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Weatherford International(WFRD) - 2025 Q1 - Quarterly Report
2025-04-23 20:30
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 March 31, 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 Registra ...
Weatherford International(WFRD) - 2025 Q1 - Earnings Call Transcript
2025-04-23 15:53
Weatherford International plc (NASDAQ:WFRD) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Luke Lemoine - SVP, Corporate Development and IR Girish Saligram - President and CEO Anuj Dhruv - EVP and CFO Conference Call Participants David Anderson - Barclays Scott Gruber - Citigroup Saurabh Pant - Bank of America Jim Rollyson - Raymond James Sean Mitchell - Daniel Energy Partners Doug Becker - Capital One Derek Podhaizer - Piper Sandler Atidrip Modak - Goldman Sachs Operator Go ...
Weatherford (WFRD) Q1 Earnings Beat Estimates
ZACKS· 2025-04-22 22:45
Weatherford (WFRD) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.73%. A quarter ago, it was expected that this oilfield service company would post earnings of $1.34 per share when it actually produced earnings of $1.50, delivering a surprise of 11.94%.Over the last four quarters, ...
Weatherford Appoints New Chief Financial Officer
Newsfilter· 2025-04-22 20:31
HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") today announced Anuj Dhruv has been appointed as Executive Vice President and Chief Financial Officer. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "I am pleased to welcome Anuj to Weatherford. With fresh perspective and proven expertise, Anuj will enhance our leadership team and help position Weatherford to lead confidently through the next phase of o ...
Weatherford International(WFRD) - 2025 Q1 - Quarterly Results
2025-04-22 20:30
Exhibit 99.1 News Release Weatherford Announces First Quarter 2025 Results *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled • First quarter revenue of $1,193 million decreased 12% year-over-year • First quarter operating income of $142 million decreased 39% year-over-year • First quarter net income of $76 million, a 6.4% margin, decreased 32% year-over-year • First quarter adjusted EBITDA* of $253 million, a 21.2% margin, decrease ...
Weatherford Announces First Quarter 2025 Results
GlobeNewswire· 2025-04-22 20:30
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 t ...
Weatherford and AIQ Sign Strategic Partnership to Accelerate Efficiency in Energy Production
Newsfilter· 2025-04-21 20:30
HOUSTON, April 21, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford" or the "Company") today announced it has signed a strategic Memorandum of Understanding (MOU) with AIQ, the Abu Dhabi-based artificial intelligence (AI) champion developing innovative solutions for the energy sector. This partnership is set to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to ...
Weatherford International: Too Cheap (Again) To Ignore
Seeking Alpha· 2025-04-18 18:34
Group 1 - Weatherford International (NASDAQ: WFRD) has significantly improved since emerging from bankruptcy at the end of 2019 and is well-positioned to handle a potential economic slowdown [1] - The company's balance sheet is solid, indicating financial stability [1] Group 2 - Sunshine Kapital, led by Stefan, focuses on distressed situations and value opportunities, bringing twenty years of institutional experience in Research and Portfolio Management [1]
Will Weatherford (WFRD) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-15 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Weatherford (WFRD) , which belongs to the Zacks Oil and Gas - Field Services industry.When looking at the last two reports, this oilfield service company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.39%, on average, in the last two quarters.For the last reported quarter, Weatherford came out with earnin ...
Weatherford (WFRD) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-04-15 15:06
The market expects Weatherford (WFRD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...