Weatherford International(US:WFRD)2025-10-22 12:30Financial Highlights - Adjusted Free Cash Flow was $99 million in Q3'25[7], a 36.8% conversion on Adjusted EBITDA*[7] - Q3'25 Revenue was $1,232 million[7], up 2% sequentially and down 13% year-over-year[7, 65] - Adjusted EBITDA* was $269 million in Q3'25[7], with a 21.8% margin, up 74 bps sequentially and down 336 bps year-over-year[7, 65] - Net Leverage* stood at 0.51x[12, 17] Segment Performance (Q3'25) - Drilling & Evaluation (DRE) revenue increased by 3% sequentially to $346 million[26, 68], but decreased 20% year-over-year[68] - Well Construction & Completions (WCC) revenue increased by 3% sequentially to $468 million[32, 71], but decreased 8% year-over-year[71] - Production & Intervention (PRI) revenue was flat sequentially at $326 million[40, 74], and decreased 12% year-over-year[74] Capital Allocation and Shareholder Returns - Shareholder return of $25 million in Q3'25, including $18 million in dividends and $7 million in share repurchases[8, 11, 81] - Expanded credit facility by $280 million, reaching $1 billion with extension through 2030[19] - Upsized offering to $1,200 million 6.75% Senior Notes due 2033[19] Outlook - Revenue is projected to be between $4850 million and $4930 million for 2025[85] - Adjusted EBITDA* is projected to be between $1050 million and $1063 million for 2025[85]