Core Insights - Weatherford International plc has signed an agreement with Amazon Web Services (AWS) to enhance its digital capabilities and drive innovation in the energy sector [1][5] - AWS will be the preferred cloud provider for Weatherford, facilitating the migration and modernization of its software and hardware suite, including the Modern Edge Platform and CygNet control system [2][3] - The collaboration aims to develop next-generation technologies and enhance Weatherford's Unified Data Model, allowing for better integration and analysis of multi-asset data [3] - The WFRD Software Launchpad will be improved, providing customers with access to various applications while maintaining control over their data [4] Company Overview - Weatherford delivers innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [6] - The company operates in approximately 75 countries with around 18,000 team members from over 110 nationalities [6]

Weatherford International (WFRD) Q3 2021 Earnings Call April 29, 2025 04:48 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Third Quarter twenty twenty one Earnings Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. As a reminder, today's event is being recorded. I would now like to turn the conference over to Muhammad Tabawala, Director, Investor Relations and M and A. Sir, ...

Financial Data and Key Metrics Changes - Revenue for Q1 2021 was $832 million, down 1% sequentially and 32% year-over-year, primarily due to increased drilling and intervention services in North America offset by declines in the Middle East, Asia, and North Africa [36][40] - Adjusted EBITDA was $102 million, with a margin of 12%, reflecting a 60 basis point improvement sequentially despite a 13% decline in product revenues [37][39] - Free cash flow was $70 million, up $72 million year-over-year, with a cash balance of $1.3 billion, an increase of $58 million sequentially [11][50][49] Business Line Data and Key Metrics Changes - In North America, revenues grew 6% sequentially, driven by a 14% increase in drilling evaluation and intervention services [40] - Latin America saw a 3% sequential revenue growth, with DEI revenue growth of 8% offsetting declines in completion and production [42] - Eastern Hemisphere revenues declined 6% sequentially, with a 17% drop in completion and production revenues, while DEI revenues increased by 5% [44][46] Market Data and Key Metrics Changes - North America experienced a meaningful increase in activity, with rig counts improving, while international logistics disruptions continued to impact operations [29][30] - There are signs of pent-up demand in key markets like the Middle East and Latin America, although the timing of recovery may extend into 2022 [31][32] Company Strategy and Development Direction - The company aims to enhance commercial traction of new technologies, leverage scale for growth, and focus on digital transformation and energy transition [26][60] - The strategy includes exiting uncompetitive markets and focusing on profitable product lines, particularly in North America [29][87] - The company is also investing in geothermal energy and carbon capture technologies as part of its long-term strategic focus [67][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sustainable profitability and free cash flow generation, emphasizing the importance of structural changes to drive profitability at flat activity levels [59][86] - The company remains cautious about the ongoing impacts of COVID-19 on international operations and logistics, which may affect growth in the near term [54][88] Other Important Information - The company filed a registration statement with the SEC to relist on NASDAQ under the ticker symbol WFRD, expected to be completed in Q2 2021 [12][52] - Capital expenditures for 2021 are projected to be between $100 million and $130 million, with a focus on investments that provide clear returns [56][97] Q&A Session Summary Question: Potential big retenders from National Oil Companies - Management noted that most activity is in the Middle East, with product line-specific tenders expected to provide opportunities for market share recovery [72][73] Question: Pricing for service companies in the Middle East - Management acknowledged tighter capacity and potential for price increases, but emphasized the importance of maintaining margins over chasing volume [75][78] Question: Outlook for Managed Pressure Drilling (MPD) business - Management expressed excitement about MPD, noting its current adoption rate is below 10%, with significant growth potential in the coming years [80][82] Question: Guidance for Q2 2021 - Management indicated that Q2 revenues are expected to be flat compared to Q1, with a focus on profitability at current activity levels [57][86] Question: Current status of credit facility discussions - Management is in dialogue with banking partners, noting improved sentiment towards the oilfield services market, but no timeline for finalizing a facility yet [91][92] Question: Working capital expectations for the year - Management expects working capital to be a slight positive for the year, but not as favorable as in 2020 [100][101]

Financial Data and Key Metrics Changes - Consolidated revenues for Q2 2021 were $903 million, representing a 9% sequential increase and a 10% year-on-year increase, driven primarily by a 12% sequential increase in service revenues [21][20] - Adjusted EBITDA for the quarter was $136 million, equating to an adjusted EBITDA margin of 15%, an improvement of 280 basis points sequentially and 544 basis points year-on-year [22][20] - Free cash flow was $48 million, improving by $50 million year-on-year, despite a larger portion of interest obligations [25][22] Business Line Data and Key Metrics Changes - Managed Pressure Drilling (MPD) technology continued to gain traction, with significant contract wins in Brazil and Asia, showcasing the company's leadership in this area [10][11] - In North America, revenues increased by 3% sequentially, primarily due to increased activity in the United States, despite a seasonal decline in Canada [23][20] - The Eastern Hemisphere revenues were $478 million, an 8% sequential increase, with notable growth in the Middle East and North Africa [24][20] Market Data and Key Metrics Changes - The company observed an increase in tendering activity, particularly in the Middle East, North Africa, and Latin America, with over 75% of its business coming from international markets [18][17] - North America experienced a rebound in activity, although growth was tempered by seasonal factors in Canada [17][20] Company Strategy and Development Direction - The company aims to maintain a focus on profitable growth in North America while improving margins, having exited the drilling services and wellhead product lines in the U.S. [17][20] - There is a strong emphasis on digitalization and energy transition, with ongoing projects in data management and production automation solutions [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth scenario for 2022, anticipating continued moderate increases in activity in the second half of 2021 [17][29] - The company expects second half revenues to increase by mid to high single digits from the first half of 2021 results, with adjusted EBITDA margins improving further [29][30] Other Important Information - The company completed its listing on the NASDAQ under the ticker symbol WFRD, which is expected to enhance long-term shareholder value [28][27] - The S&P credit ratings on the company's senior secured notes were upgraded, reflecting improvements in the macro backdrop for oilfield services [27][20] Q&A Session Summary Question: Clarity on beneficial one-offs affecting margins and areas of business that exceeded guidance - Management clarified that the $10 million of one-time credits included a workers' comp settlement and settlements related to lost in hole disputes, which were excluded from the baseline moving forward [40][39] Question: Expectations for margins in the back half of the year - Management indicated that they are targeting to exit the year with margins around 14.5%, with a modest step-up expected for 2022 [44][45] Question: North America's sequential growth compared to competitors - Management explained that the company's focus on profitable growth and the exit from certain product lines contributed to the differences in growth rates compared to competitors [50][49] Question: Details on capital expenditures and expected increases - Management noted that the first half focused on asset redeployment and utilization, with plans to increase capital expenditures in the second half to support market-leading product lines [54][53] Question: Update on capital structure and ABL discussions - Management reported improved market conditions and constructive dialogues with banks regarding potential refinancing and addressing capital structure challenges [56][55]

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 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 International (WFRD) Q1 2025 Earnings Call April 23, 2025 08:30 AM ET Company Participants Luke Lemoine - SVP - Corporate Development & IRGirish Saligram - President & CEOAnuj Dhruv - EVP & CFOJ. David Anderson - Managing DirectorScott Gruber - Director - Oilfield Services & Equipment ResearchSean Mitchell - Managing PartnerAtidrip Modak - Vice President - Energy Services & E&Ps Conference Call Participants Saurabh Pant - AnalystJim Rollyson - Director & Equity Research AnalystDouglas Becker - A ...

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, ...

Core Viewpoint - Weatherford International plc has appointed Anuj Dhruv as Executive Vice President and Chief Financial Officer, aiming to enhance leadership and drive shareholder returns [1][2]. Group 1: Leadership Changes - Anuj Dhruv brings over two decades of experience in global finance, strategy, and transformation across various industries, including technology, energy, and chemicals [3]. - Girish Saligram, President and CEO of Weatherford, expressed confidence that Dhruv's expertise will help position the company for future growth [2]. Group 2: Anuj Dhruv's Background - Prior to joining Weatherford, Dhruv served as Vice President of Finance and Strategy for LyondellBasell's Global Olefins and Polyolefins segment, overseeing a $29 billion revenue segment [3]. - Dhruv has held strategic leadership roles at Schlumberger and Microsoft, focusing on optimizing financial performance and leading complex M&A transactions [3]. Group 3: Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [4]. - The company operates in approximately 75 countries with around 18,000 team members from over 110 nationalities [4].

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 ...