Weatherford Stock Price, News & Analysis

Weatherford International (NASDAQ: WFRD) has scheduled its first-quarter 2025 conference call for Wednesday, April 23, 2025 at 8:30 a.m. Eastern Time. The company will release its Q1 2025 financial results and presentation slides before the call.

Investors can join via webcast or by phone after registering. Dial-in numbers are +1 877-328-5344 (U.S.) or +1 412-902-6762 (international). A replay will be available until May 7, 2025, at +1 877-344-7529 (U.S.) or +1 412-317-0088 (international) using conference number 6907941.

Weatherford is a global energy services provider operating in 75 countries through 330 locations, employing 19,000 team members from over 110 nationalities. The company specializes in integrating proven technologies with advanced digitalization to create sustainable energy solutions.

Weatherford (NASDAQ: WFRD) reported Q4 2024 results with revenue of $1,341 million, down 5% sequentially and 2% year-over-year. Full year 2024 revenue reached $5,513 million, up 7% from 2023, driven by 10% international revenue growth.

Q4 operating income was $198 million, decreasing 19% sequentially and 8% year-over-year. Net income was $112 million (8.4% margin), down 29% sequentially. The company generated $249 million in operating cash flow and $162 million in adjusted free cash flow during Q4.

The company returned $67 million to shareholders in Q4 through dividends ($18 million) and share repurchases ($49 million). The Board approved a quarterly cash dividend of $0.25 per share, payable March 19, 2025.

Despite challenging Q4 conditions including reduced activity in Latin America, the company achieved record safety performance and strong margin expansion in 2024. Management remains optimistic about industry resilience and aims to achieve EBITDA margins in the high 20's over the next few years.

Weatherford International (NASDAQ: WFRD) has announced its upcoming fourth-quarter and full-year 2024 earnings conference call, scheduled for Thursday, February 6, 2025, at 8:30 a.m. Eastern Time. The company will release its financial results and presentation slides before the call.

Participants can join via live webcast or by phone after registering. Dial-in numbers are +1 877-328-5344 (U.S.) or +1 412-902-6762 (international). A replay will be available until February 20, 2025, accessible at +1 877-344-7529 (U.S.) or +1 412-317-0088 (international) using conference number 9530137.

Weatherford International (NASDAQ: WFRD) has secured a three-year contract from ADNOC for rigless services to reactivate onshore strings. The project, starting in Q4 2024, will involve deploying multiple intervention solutions to enhance operational efficiency of ADNOC's onshore assets. Weatherford will implement technologies focused on wellbore integrity, reactivation processes, and reservoir performance optimization. The company's rigless services are designed to revitalize inactive wells while minimizing environmental impact through efficient and cost-effective solutions.

Weatherford International (NASDAQ: WFRD) has secured two significant contracts in the Middle East. The first is with Kuwait Oil Company (KOC) for Managed Pressure Drilling services, featuring their Victus™ Intelligent MPD system for enhanced operational efficiency and safety. The second is a five-year contract with a National Oil Company in Qatar for fishing and drilling tools, including a five-year extension option. Both contracts aim to improve drilling operations through advanced technology implementation, focusing on safety, efficiency, and operational resilience.

Weatherford International plc (NASDAQ: WFRD) has announced its upcoming third-quarter 2024 conference call, scheduled for Wednesday, October 23, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results and presentation slides prior to the call. Investors can participate via a live webcast or by dialing in. A telephonic replay will be available until November 6, 2024.

Weatherford, a global energy services company, operates in approximately 75 countries with 19,000 team members across 330 operating locations. The company specializes in innovative energy services that combine proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment.

Weatherford International plc (NASDAQ: WFRD) announced that S&P Global Ratings has upgraded the company's issuer credit rating to 'BB-' from 'B+' with a positive outlook. The upgrade is based on Weatherford's improved operating efficiency and debt repayment. CEO Girish Saligram highlighted the company's progress in enhancing its financial and operational framework over the past three years, including simplifying the capital structure, improving liquidity, and implementing a comprehensive capital allocation framework.

Weatherford, a global energy services company, operates in about 75 countries with 19,000 team members across 330 locations. The company focuses on delivering innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment.

Weatherford International plc (NASDAQ: WFRD) has announced the acquisition of Datagration Solutions Inc., a leader in unified data integration, analytics, and machine learning. This strategic move positions Weatherford as a frontrunner in digital offerings for production and asset optimization in the energy industry. The integration of Weatherford's digital platforms with Datagration's unified data models creates a powerful solution for surveillance, optimization, and decision-making across the well lifecycle.

The acquisition is expected to enhance Weatherford's digital transformation capabilities, drive synergies with its existing platforms, and improve digital enablement across the enterprise. It will also bolster the company's ability to integrate emissions data, enhancing sustainability management. CEO Girish Saligram emphasized that this acquisition is a step forward in differentiating Weatherford's technology portfolio and accelerating innovation in the energy industry's digital transformation.

Weatherford International plc (NASDAQ: WFRD) has released its annual Sustainability Report, highlighting the company's progress in environmental, social, and governance (ESG) practices. CEO Girish Saligram noted significant growth in 2023 and advancement towards their Net-Zero by 2050 goal.

The report emphasizes Weatherford's commitment to supporting customers in the energy transition through:

• Innovation
• Technology leadership
• Strategic partnerships
• Exceptional safety and quality performance

Weatherford aims to balance meeting current energy needs while preparing for future demands. The full report is available on the company's website for stakeholders to review.