HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, February 4, 2026 to discuss the Company’s results for the fourth quarter and full year ended December 31, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the ...

The share price of Weatherford International plc (NASDAQ:WFRD) surged by 5.12% between December 5 and December 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Analyst Increases Price Target on Weatherford International (WFRD) Weatherford International plc (NASDAQ:WFRD) provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. Weatherford International plc (NASDAQ:WFRD) received ...

One global services provider just landed a long list of new contracts — and a major fund has quietly built a sizable stake.Summit Street Capital Management established a new position in Weatherford International (WFRD +3.73%), adding 398,661 shares valued at an estimated $27.3 million during the third quarter, according to a November 14 SEC filing.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Summit Street Capital Management initiated a new position in Wea ...

Group 1: Stock Recommendations - PRA Group, Inc. (PRAA) has a Zacks Rank 1 and a 9.9% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days, with a P/E ratio of 9.35 compared to 16.70 for the industry, and a Value Score of A [1] - Weatherford International plc (WFRD) also holds a Zacks Rank 1, with an 8.6% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days, a P/E ratio of 13.18 compared to 24.97 for the S&P 500, and a Value Score of A [2] - StoneCo Ltd. (STNE) carries a Zacks Rank 1, with a 12.8% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days, a P/E ratio of 11.33 compared to 23.30 for the industry, and a Value Score of B [3]

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HOUSTON, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced a strategic partnership with Maersk Training, a world-class provider of oil and gas training solutions, to jointly develop and commercialize International Association of Drilling Contractors (IADC)-accredited Managed Pressure Drilling (MPD) training programs. Weatherford, a global leader in MPD technologies and services, brings more than five decades of expertise to the co ...

Financial Performance - Revenues for the three and nine months ended September 30, 2025, were $1.2 billion and $3.6 billion, respectively, representing a 13% decrease compared to $1.4 billion and $4.2 billion for the same periods in 2024[89]. - Operating income for the three and nine months ended September 30, 2025, was $178 million and $557 million, reflecting a 27% and 25% decrease year-over-year, respectively[91]. - Total revenue for the three months ended September 30, 2025, was $1,232 million, a decrease of $89 million or 7% compared to $1,321 million in the same period of 2024[102]. - For the nine months ended September 30, 2025, total revenue was $3,629 million, a decrease of $543 million or 13% compared to $4,172 million in the same period of 2024[104]. - The overall operating income for the nine months ended September 30, 2025, was $557 million, compared to $740 million in the same period of 2024[104]. Cost and Expenses - Cost of products and services for the three and nine months ended September 30, 2025, was $844 million and $2.5 billion, down 8% and 7% compared to $917 million and $2.7 billion in 2024[92]. - Selling, general, administrative and research and development costs were $196 million and $580 million for the three and nine months ended September 30, 2025, down 17% and 19% year-over-year[93]. - DRE segment revenue decreased by $89 million or 20% year-over-year to $346 million, primarily due to lower activity in drilling-related services[110]. - WCC segment revenue decreased by $41 million or 8% year-over-year to $468 million, with approximately 60% of the decrease attributed to lower activity in cementation products[114]. - DRE segment adjusted EBITDA for the three months ended September 30, 2025, was $83 million, down $28 million or 25% from $111 million in the same period of 2024[113]. - WCC segment adjusted EBITDA for the three months ended September 30, 2025, was $125 million, a decrease of $26 million or 17% compared to $151 million in the same period of 2024[114]. - WCC segment adjusted EBITDA was $125 million and $371 million for the three and nine months ended September 30, 2025, representing decreases of 17% and 11% compared to $151 million and $416 million for the same periods in 2024[117]. - PRI revenues were $326 million and $987 million for the three and nine months ended September 30, 2025, down 12% and 9% from $371 million and $1,088 million in 2024[119]. - The adjusted EBITDA margin for the PRI segment was 18.1% and 18.6% for the three and nine months ended September 30, 2025, down from 22.4% and 22.2% in 2024, reflecting a decrease of 427 basis points and 351 basis points respectively[122]. Market Conditions - The company experienced a year-over-year revenue decline primarily due to a softening market, impacting all segments and geographies[90]. - Approximately 85% of the revenue decrease in the third quarter was from the Latin America region, impacting both DRE and WCC segments[111]. - The third quarter revenue decline was primarily due to a 50% impact from intervention services and a 45% impact from drilling tools and pressure pumping[120]. - The average oil price for WTI was $65.74 per barrel for the three months ended September 30, 2025, down from $76.24 in 2024, while Brent oil price was $68.97, down from $79.84[84]. - The average rig count in North America decreased to 718 in the three months ended September 30, 2025, from 796 in 2024, and the international rig count decreased to 1,080 from 1,151[86]. Cash Flow and Investments - Cash provided by operating activities was $408 million for the nine months ended September 30, 2025, compared to $543 million in 2024, primarily due to decreased revenue and slower payments from a major customer[134]. - Cash used in investing activities was $82 million for the nine months ended September 30, 2025, with $175 million for capital expenditures, partially offset by $97 million from the sale of the pressure pumping business in Argentina[135]. - Cash used in financing activities was $277 million for the nine months ended September 30, 2025, primarily for share repurchases of $94 million and debt repayments of $80 million[137]. - As of September 30, 2025, the company had cash and cash equivalents of $967 million and $64 million in restricted cash, compared to $916 million and $59 million at December 31, 2024[132]. - The company expects capital expenditures to be 3-5% of revenue over a 12 to 18 month rolling period, with 2025 capital spend projected to remain within this framework[141]. Ratings and Credit - Moody's upgraded the Corporate Family Rating from 'Ba3' to 'Ba2' with a positive outlook[144]. - Standard and Poor's upgraded the issuer credit ratings from 'BB-' to 'BB' with a stable outlook[144]. - Fitch Ratings upgraded the issuer credit ratings from 'BB-' to 'BB' with a stable outlook[144]. Risks and Challenges - The company continues to monitor the impact of U.S. tariffs and trade policies on its operations, with strategies in place to mitigate potential adverse effects[82]. - The company faces various risks including geopolitical tensions, inflationary pressures, and customer payment delays that could impact future results[158]. - As of September 30, 2025, net accounts receivables in Mexico accounted for 37% of total net accounts receivables, with the largest customer representing 34%[145]. - During the nine months ended September 30, 2025, the company received $93 million from third-party financial institutions related to collections from the largest customer in Mexico[146]. - Accounts receivable factoring resulted in sales of $91 million and $234 million for the three and nine months ended September 30, 2025, respectively[148]. Business Transactions - The company reported a gain on the sale of its pressure pumping business in Argentina of $70 million for the nine months ended September 30, 2025[94]. - The company reported a gain on the sale of business amounting to $70 million during the nine months ended September 30, 2025[104]. - The Credit Agreement was amended to increase the total commitment amount from $720 million to $1 billion as of September 18, 2025[153]. - As of September 30, 2025, the company had zero borrowings under the Credit Agreement and $255 million in performance letters of credit outstanding[154]. - Surety bonds outstanding were $503 million as of September 30, 2025, down from $520 million as of December 31, 2024[156].

Financial Data and Key Metrics Changes - In Q3 2025, the company generated $99 million of adjusted free cash flow with a conversion rate of 36.8% [14][15] - Adjusted EBITDA for Q4 is expected to be between $274 million and $287 million, improving upon prior levels [19] - The net leverage ratio is approximately 0.5 times, with liquidity around $1.6 billion [18] Business Line Data and Key Metrics Changes - North America saw a slight sequential increase due to seasonal recovery in Canada, but U.S. land operations declined [5][6] - Latin America improved revenues by 10% sequentially, primarily driven by Mexico, although revenues are still down approximately 60% year-over-year [6][8] - The MENA-Asia region posted another quarter of sequential growth, led by the UAE, Qatar, Australia, and Thailand [6][7] Market Data and Key Metrics Changes - The company noted rising pricing pressure in several markets, particularly in commodity-type services [27] - The Middle East is experiencing the most significant pricing pressure, while differentiated product lines are less affected [28] - Customer spending trends for the next year remain uncertain, with expectations of a soft first half of 2026 [11][60] Company Strategy and Development Direction - The company is focused on cost optimization and margin expansion rather than chasing market share at unfavorable cash outcomes [21][22] - A multi-year cost optimization program is in place to achieve sustainable productivity gains through technology and lean processes [22][66] - The company is committed to enhancing working capital efficiency to drive free cash flow conversion to a sustainable 50% [22][43] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about slight improvements in Mexico and the potential for growth in the second half of 2026 [6][11] - The company anticipates that the softness in the market will persist for several months, but offshore activity may improve in the latter half of 2026 [11][60] - The management remains confident in the company's ability to navigate the current market challenges and emerge stronger [21][23] Other Important Information - The company has repurchased approximately $193 million worth of shares over the past five quarters, including $7 million in Q3 [8][17] - A significant contract was awarded by Petrobras in Brazil for $147 million, showcasing the strength of the company's technology [9][10] - The company is undergoing a full-scale ERP cloud-based implementation expected to enhance operational efficiencies by 2027-2028 [75] Q&A Session Summary Question: Pricing pressure in certain markets - Management noted pricing pressure primarily in commodity-type services, especially in the Middle East, but less so in differentiated product lines [27][28] Question: Recovery in Saudi Arabia - Management indicated that Saudi Arabia is expected to see a rebound in activity, primarily driven by gas, with oil activity also contributing [33][34] Question: Optimism regarding Mexico - Management expressed cautious optimism about stabilization in Mexico, with recent payments indicating a positive trend [40][42] Question: DRE margins improvement - Management attributed margin improvements to cost structure stabilization and increased activity in Latin America [46][47] Question: Free cash flow guidance - Management indicated that the $100 million free cash flow guidance includes conservatism, with potential for higher outcomes depending on payments from Mexico [51][54] Question: Overall spending levels for 2026 - Management expects a soft first half of 2026 but anticipates a rebound in the second half, particularly in offshore markets [60][62] Question: Cost optimization impact on margins - Management highlighted that cost optimization efforts have already led to significant savings and are expected to continue supporting margin improvements [66][68] Question: Impact of intelligent completions on financial results - Management expressed excitement about new technologies, which are expected to enhance margins and improve cash flow conversion [70][71] Question: ERP implementation benefits - Management discussed the ERP implementation as a transformative initiative that will enhance operational efficiencies and support margin improvements [75][76]

Financial Data and Key Metrics Changes - In Q3 2025, the company generated $99 million of adjusted free cash flow with a conversion rate of 36.8% [14][15] - Adjusted EBITDA for Q4 is expected to be between $274 million and $287 million, improving upon prior levels [19] - The net leverage ratio is approximately 0.5 times, with liquidity around $1.6 billion [18] Business Line Data and Key Metrics Changes - North America saw a slight sequential increase due to seasonal recovery in Canada, but U.S. land operations declined [5][6] - Latin America improved revenues by 10% sequentially, primarily driven by Mexico, although revenues are still down approximately 60% year-over-year [6][8] - The MENA and Asia regions posted another quarter of sequential growth, led by the UAE, Qatar, Australia, and Thailand [6][7] Market Data and Key Metrics Changes - The company noted rising pricing pressure in several markets, particularly in commodity services, with the Middle East being the most affected [27] - Customer spending trends for the next year remain uncertain, with expectations of continued softness in the first half of 2026 [11][12] - OPEC Plus is adding supply back to the market, increasing pressure on the global oil supply-demand balance [11] Company Strategy and Development Direction - The company is focused on cost optimization and has reduced headcount by over 2,000, lowering annualized personnel expenses by more than $145 million [12][16] - A multi-year cost optimization program is in place to achieve sustainable productivity gains through technology and lean processes [22] - The company is committed to not chasing market share at the expense of unfavorable cash outcomes, focusing instead on margin expansion [28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about slight improvements in Mexico and the potential for growth in the MENA-Asia region [6][11] - The overall market remains soft, with expectations of year-on-year comparisons being down in the first half of 2026 [11][12] - The company is confident in its ability to manage through the current cycle and emerge stronger [23] Other Important Information - The company has paid four quarterly dividends of $0.25 per share and repurchased approximately $193 million worth of shares over the past five quarters [8] - A significant contract was awarded in Brazil for $147 million, showcasing the strength of the company's technology [9] - The company is undergoing a full-scale ERP cloud-based implementation expected to enhance operational efficiencies [74] Q&A Session Summary Question: Pricing pressure in certain markets - Management noted pricing pressure primarily in commodity services, particularly in the Middle East, but not as much in differentiated product lines [27][28] Question: Recovery in Saudi Arabia - Management indicated that Saudi Arabia is expected to see a rebound in activity, primarily driven by gas, with oil activity also contributing [33][34] Question: Mexico's payment situation - Management expressed cautious optimism regarding payments from Mexico, noting recent positive developments and a payment received [40][42] Question: DRE margins improvement - Management attributed margin improvements to stabilization in Latin America and increased activity levels, particularly in the Middle East [46][47] Question: Free cash flow guidance - Management indicated that the $100 million free cash flow guidance includes conservatism, with potential for higher outcomes depending on payments from Mexico [51][54] Question: Overall spend levels for 2026 - Management suggested that the first half of 2026 may be soft, with a rebound expected in the second half, particularly in offshore markets [60][62] Question: Cost optimization impact on margins - Management discussed both cyclical and structural aspects of cost optimization, emphasizing the importance of maintaining margins despite market headwinds [66][68] Question: Impact of intelligent completions technology - Management expressed excitement about new technologies, which are expected to improve margins and cash flow conversion [70][71] Question: ERP implementation benefits - Management highlighted that the ERP implementation will rethink business processes and is expected to enhance margins and operational efficiencies [74]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported adjusted free cash flow of $99 million, with a conversion rate of 36.8% [14][17] - EBITDA margin expanded by over 70 basis points despite market headwinds [6] - The company has paid four quarterly dividends of $0.25 per share and repurchased approximately $193 million worth of shares over the past five quarters [7] Business Line Data and Key Metrics Changes - North America saw a slight sequential increase due to seasonal recovery in Canada, but this was offset by a decline in U.S. land operations [4] - Latin America improved revenues by 10% sequentially, primarily driven by Mexico, although revenues are still expected to be down around 60% for the year [5] - The MENA and Asia regions posted another quarter of sequential growth, led by the UAE, Qatar, Australia, and Thailand [5] Market Data and Key Metrics Changes - The ESSR region remained relatively flat quarter on quarter, with some countries offsetting weakness in the UK [5] - Pricing pressure is noted in commodity services, particularly in the Middle East, while differentiated product lines are less affected [27][28] Company Strategy and Development Direction - The company is focused on evolving operations, maximizing cash generation, and maintaining margins rather than chasing market share [21] - A multi-year cost optimization program is in place to achieve sustainable productivity gains through technology and lean processes [23] - The company is committed to improving working capital efficiency to drive free cash flow conversion to a sustainable 50% [23] Management's Comments on Operating Environment and Future Outlook - The management expressed cautious optimism for slight improvements in Mexico and the MENA-Asia region in 2026 [5][10] - The overall market remains soft, with expectations of year-on-year comparisons being down in the first half of 2026 [10] - The company anticipates a rebound in offshore activity and incremental onshore activity in the second half of 2026 [10][11] Other Important Information - The company has expanded its credit facility by $280 million and announced a private offering of $1.2 billion in senior notes [18] - The net leverage ratio is approximately 0.5 times, with liquidity around $1.6 billion [18] Q&A Session Summary Question: Pricing pressure in certain regions - Management noted pricing pressure primarily in commodity services, especially in the Middle East, but less so in differentiated product lines [27][28] Question: Improvement in Saudi Arabia's market - Management indicated that Saudi Arabia is expected to find a bottom, with potential for growth driven by gas and some oil activity [30][31] Question: Stability in Mexico - Management expressed cautious optimism regarding Mexico, noting two quarters of sequential improvement and a more stable operational environment [34][35] Question: Free cash flow guidance - Management indicated that the $100 million free cash flow guidance includes conservatism, with potential for higher outcomes depending on payments from Mexico [44][45] Question: Cost optimization impact on margins - Management highlighted that cost optimization efforts have led to significant savings and are expected to support margin improvements in a flat-to-up market environment [58][60] Question: ERP implementation - Management discussed a multi-year ERP implementation aimed at improving supply chain management and operational efficiencies, with expected benefits for margins [64][66]