NASDAQ Framework: Weatherford International plc

Global energy services and equipment provider 1.

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. Weatherford is a global market leader in artificial lift and tubular running services, with other key product lines including cementing products, directional drilling, and wireline evaluation 2 3.

2: Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas. View Source3: Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation. View Source

UNKNOWN

The provided information does not specify whether Weatherford International plc is still led by its founders or if the founders are heavily involved in the company's current operations.

LOW RISK

Weatherford International plc is currently profitable and has demonstrated strong financial performance. The company reported a net income of $125 million for the second quarter of 2024, which represents a 52% increase year-over-year 4. Additionally, Weatherford has shown significant growth in revenues, operating income, and adjusted EBITDA, indicating robust financial health 5. The company has also announced a shareholder return program, including dividends and a share buyback authorization, further illustrating its strong financial position 6.

4: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source5: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source6: Based on the Company’s operating performance over the past few years and with the confidence we have in our future, I am pleased to announce that our Board of Directors has approved the first-ever shareholder return program in Weatherford’s history. This is another significant milestone in our journey of creating shareholder value and comprises an annual dividend of $1.00 per share and a $500 million share buyback authorization program over three years. Our Board of Directors has declared our first quarterly dividend of $0.25 per share to be paid on September 12, 2024, to shareholders of record on August 13, 2024. Few would have predicted this scenario just a couple of years ago, but it is a testament to the dedication, commitment and passion of our 19,000 people across 75 countries and my utmost gratitude goes out to them for their relentless focus and execution.” View Source

YES

Weatherford International plc is launching new product offerings. Specifically, they have launched the ForeSite® EDGE 2.0, a next-generation scalable IoT-enabled automation solution for advanced autonomous production optimization in real time 7.

7: Drilling & Evaluation (“DRE”) We deployed our Victus™ Intelligent Managed Pressure Drilling (MPD) solution for offshore Saudi Aramco. The system provided precise dynamic testing, enabling faster drilling speeds and reducing drilling fluid losses.In Kuwait, we deployed the Victus™ Intelligent MPD system to drill a well and cement a liner for KOC’s deepest well drilled in that field with complex reservoir conditions, where conventional methods would not have been feasible.Well Construction and Completions (“WCC”) We successfully deployed our enhanced Expandable Sand Screen (ESS) for a major operator in Sub-Sahara Africa. The enhanced ESS enables deployment, expansion, and tool retrieval in a single trip, eliminating the need for intermediate completion and saving cost by reducing the time and complexity of completion programs.We completed installation of our first ForeSite® Sense Fiber Optic monitoring system in a gas storage well for a major operator in the Middle East. The application will help ensure wellbore integrity, monitor for potential gas migration, and leak paths.Production and Intervention (“PRI”) An operator in the US awarded Weatherford a one-year contract for pumping units that included the supply of our Permanent Magnetic Motor (PMM) technology, which helps reduce energy costs and carbon footprint by utilizing more efficient electric motors.We launched ForeSite® EDGE 2.0, our next-generation scalable IoT-enabled automation solution enhancing customers’ advanced autonomous production optimization in real time. This innovation harnesses high-frequency data processing and modeling at the well site to deliver autonomous production optimization in real-time, thereby enhancing well production, reducing total cost of ownership, and minimizing environmental impact and safety risks. View Source

Weatherford International plc's product roadmap and expansion strategy for 2024 through 2026 focuses on leveraging its diversified geographic exposure and expanding its service offerings to meet global demand. The company aims to enhance its portfolio with innovative technologies such as the ForeSite® EDGE 2.0, an IoT-enabled automation solution for real-time production optimization, and the Victus™ Intelligent Managed Pressure Drilling system. Weatherford is also committed to strategic collaborations, exemplified by its recent Memorandum of Understanding with QatarEnergy to advance the Tawteen In-Country Value program. Additionally, the company plans to capitalize on new contracts and extensions, including a five-year drilling services contract with Bapco Energies and a two-year frame agreement extension with Equinor for completions and slot recovery services 8 9 10 11.

8: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source9: Bapco Upstream, a subsidiary of Bapco Energies, awarded Weatherford a five-year contract to deliver Directional Drilling and Logging While Drilling Services in Bahrain.Equinor awarded Weatherford a two-year frame agreement extension for delivery of Completions, Liner-Hangers, and Slot-Recovery services, including the AlphaV™ next-generation whipstock system, and supported by Weatherford’s Accuview® downhole monitoring solutions.CPOC (Carigali-PTTEPI Operating Company) awarded Weatherford a three-year contract for Tubular Running Services for the offshore Phase 6 Development project in the Malaysia-Thailand Joint Development Area.ENI awarded Weatherford three multi-year contracts for Tubular Running Services for onshore, offshore, and Carbon Capture & Storage projects across Europe.A major operator in Europe awarded Weatherford a two-year contract to provide Wireline Services for a multi-well campaign in offshore Norway.OMV Petrom awarded Weatherford a contract for the supply of Open Hole Zonal Isolation Equipment and related services for the Neptun Deep subsea development in the Romanian Black Sea, representing the first deep water development in this area, aiming to tap into substantial natural gas reserves.A major European energy infrastructure company awarded Weatherford a one-year contract to provide integrated Plug and Abandonment services for offshore wells on an Underground Gas Storage Project.A major operator awarded Weatherford a three-year contract for Drilling and Intervention Services for an Underground Sludge Storage Project to support its copper mining operations. View Source10: Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program View Source11: Drilling & Evaluation (“DRE”) We deployed our Victus™ Intelligent Managed Pressure Drilling (MPD) solution for offshore Saudi Aramco. The system provided precise dynamic testing, enabling faster drilling speeds and reducing drilling fluid losses.In Kuwait, we deployed the Victus™ Intelligent MPD system to drill a well and cement a liner for KOC’s deepest well drilled in that field with complex reservoir conditions, where conventional methods would not have been feasible.Well Construction and Completions (“WCC”) We successfully deployed our enhanced Expandable Sand Screen (ESS) for a major operator in Sub-Sahara Africa. The enhanced ESS enables deployment, expansion, and tool retrieval in a single trip, eliminating the need for intermediate completion and saving cost by reducing the time and complexity of completion programs.We completed installation of our first ForeSite® Sense Fiber Optic monitoring system in a gas storage well for a major operator in the Middle East. The application will help ensure wellbore integrity, monitor for potential gas migration, and leak paths.Production and Intervention (“PRI”) An operator in the US awarded Weatherford a one-year contract for pumping units that included the supply of our Permanent Magnetic Motor (PMM) technology, which helps reduce energy costs and carbon footprint by utilizing more efficient electric motors.We launched ForeSite® EDGE 2.0, our next-generation scalable IoT-enabled automation solution enhancing customers’ advanced autonomous production optimization in real time. This innovation harnesses high-frequency data processing and modeling at the well site to deliver autonomous production optimization in real-time, thereby enhancing well production, reducing total cost of ownership, and minimizing environmental impact and safety risks. View Source

Sources

1: Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas. View Source2: Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas. View Source3: Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation. View Source4: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source5: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source6: Based on the Company’s operating performance over the past few years and with the confidence we have in our future, I am pleased to announce that our Board of Directors has approved the first-ever shareholder return program in Weatherford’s history. This is another significant milestone in our journey of creating shareholder value and comprises an annual dividend of $1.00 per share and a $500 million share buyback authorization program over three years. Our Board of Directors has declared our first quarterly dividend of $0.25 per share to be paid on September 12, 2024, to shareholders of record on August 13, 2024. Few would have predicted this scenario just a couple of years ago, but it is a testament to the dedication, commitment and passion of our 19,000 people across 75 countries and my utmost gratitude goes out to them for their relentless focus and execution.” View Source7: Drilling & Evaluation (“DRE”) We deployed our Victus™ Intelligent Managed Pressure Drilling (MPD) solution for offshore Saudi Aramco. The system provided precise dynamic testing, enabling faster drilling speeds and reducing drilling fluid losses.In Kuwait, we deployed the Victus™ Intelligent MPD system to drill a well and cement a liner for KOC’s deepest well drilled in that field with complex reservoir conditions, where conventional methods would not have been feasible.Well Construction and Completions (“WCC”) We successfully deployed our enhanced Expandable Sand Screen (ESS) for a major operator in Sub-Sahara Africa. The enhanced ESS enables deployment, expansion, and tool retrieval in a single trip, eliminating the need for intermediate completion and saving cost by reducing the time and complexity of completion programs.We completed installation of our first ForeSite® Sense Fiber Optic monitoring system in a gas storage well for a major operator in the Middle East. The application will help ensure wellbore integrity, monitor for potential gas migration, and leak paths.Production and Intervention (“PRI”) An operator in the US awarded Weatherford a one-year contract for pumping units that included the supply of our Permanent Magnetic Motor (PMM) technology, which helps reduce energy costs and carbon footprint by utilizing more efficient electric motors.We launched ForeSite® EDGE 2.0, our next-generation scalable IoT-enabled automation solution enhancing customers’ advanced autonomous production optimization in real time. This innovation harnesses high-frequency data processing and modeling at the well site to deliver autonomous production optimization in real-time, thereby enhancing well production, reducing total cost of ownership, and minimizing environmental impact and safety risks. View Source8: Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-yearOperating income of $264 million increased 13% sequentially and 31% year-over-yearNet income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9%Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequential GlobeNewswire • yesterday WFRD -9.15% Weatherford Announces New Appointment to Board of Directors HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expiring at the 2025 Annual Meeting of Shareholders. His appointment is effective July 23, 2024, and will increase the size of the Company's Board to six members. Charles M. Sledge, Chairman of the Weatherford Board of Directors, commented, "On behalf of the Boa GlobeNewswire • yesterday WFRD -9.15% A Closer Look At Weatherford International plc's (NASDAQ:WFRD) Impressive ROE Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... Simply Wall St. • 24 days ago WFRD -9.15% Weatherford Announces Second-Quarter 2024 Conference Call HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 24, 2024 to discuss the Company’s results for the second quarter ended June 30, 2024. The conference call will begin at 9:00 a.m. Eastern Time (8:00 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 investor GlobeNewswire • last month WFRD -9.15% Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended t GlobeNewswire • last month WFRD -9.15% Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well const GlobeNewswire • last month WFRD -9.15% Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement underscores Weatherfo GlobeNewswire • last month WFRD -9.15% A Look At The Fair Value Of Weatherford International plc (NASDAQ:WFRD) Key Insights Using the 2 Stage Free Cash Flow to Equity, Weatherford International fair value estimate is US$126... Simply Wall St. • last month WFRD -9.15% Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing opera GlobeNewswire • last month WFRD -9.15% The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts Weatherford International plc ( NASDAQ:WFRD ) just released its latest first-quarter results and things are looking... Simply Wall St. • 2 months ago WFRD -9.15% Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […] Insider Monkey • 2 months ago WFRD -9.15% Weatherford International PLC (WFRD) Q1 2024 Earnings Call Transcript Highlights: Strong ... Discover how Weatherford International PLC achieved significant financial growth and strategic milestones in the first quarter of 2024. GuruFocus.com • 2 months ago WFRD -9.15% Weatherford International PLC Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance Company Raises Full Year Margin Guidance Amidst Robust International Growth GuruFocus.com • 2 months ago WFRD -9.15% Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21%First quarter operating income of $233 million increased 26% year-over-yearFirst quarter net income of $112 million, an 8.2% margin, increased 56% year-over-yearFirst quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-yearCash provided by operating activities of $131 million, and adjusted free cash flow* of $8 GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028 HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Comp GlobeNewswire • 2 months ago WFRD -9.15% Weatherford Releases 2023 Digital Annual Update HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and steadfast growth. Girish Saligram, President and Chief Executive GlobeNewswire • 3 months ago WFRD -9.15% Weatherford Announces First-Quarter 2024 Conference Call HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company’s results for the first quarter ended March 31, 2024. 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 invest GlobeNewswire • 4 months ago WFRD -9.15% We Think Weatherford International (NASDAQ:WFRD) Might Have The DNA Of A Multi-Bagger If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • 4 months ago WFRD -9.15% Weatherford International Full Year 2023 Earnings: EPS Beats Expectations Weatherford International ( NASDAQ:WFRD ) Full Year 2023 Results Key Financial Results Revenue: US$5.14b (up 19% from... Simply Wall St. • 5 months ago WFRD -9.15% Weatherford Announces Fourth Quarter and Full Year 2023 Results Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26%Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior yearFourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-y GlobeNewswire • 5 months ago WFRD -9.15% View Source9: Bapco Upstream, a subsidiary of Bapco Energies, awarded Weatherford a five-year contract to deliver Directional Drilling and Logging While Drilling Services in Bahrain.Equinor awarded Weatherford a two-year frame agreement extension for delivery of Completions, Liner-Hangers, and Slot-Recovery services, including the AlphaV™ next-generation whipstock system, and supported by Weatherford’s Accuview® downhole monitoring solutions.CPOC (Carigali-PTTEPI Operating Company) awarded Weatherford a three-year contract for Tubular Running Services for the offshore Phase 6 Development project in the Malaysia-Thailand Joint Development Area.ENI awarded Weatherford three multi-year contracts for Tubular Running Services for onshore, offshore, and Carbon Capture & Storage projects across Europe.A major operator in Europe awarded Weatherford a two-year contract to provide Wireline Services for a multi-well campaign in offshore Norway.OMV Petrom awarded Weatherford a contract for the supply of Open Hole Zonal Isolation Equipment and related services for the Neptun Deep subsea development in the Romanian Black Sea, representing the first deep water development in this area, aiming to tap into substantial natural gas reserves.A major European energy infrastructure company awarded Weatherford a one-year contract to provide integrated Plug and Abandonment services for offshore wells on an Underground Gas Storage Project.A major operator awarded Weatherford a three-year contract for Drilling and Intervention Services for an Underground Sludge Storage Project to support its copper mining operations. View Source10: Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program View Source11: Drilling & Evaluation (“DRE”) We deployed our Victus™ Intelligent Managed Pressure Drilling (MPD) solution for offshore Saudi Aramco. The system provided precise dynamic testing, enabling faster drilling speeds and reducing drilling fluid losses.In Kuwait, we deployed the Victus™ Intelligent MPD system to drill a well and cement a liner for KOC’s deepest well drilled in that field with complex reservoir conditions, where conventional methods would not have been feasible.Well Construction and Completions (“WCC”) We successfully deployed our enhanced Expandable Sand Screen (ESS) for a major operator in Sub-Sahara Africa. The enhanced ESS enables deployment, expansion, and tool retrieval in a single trip, eliminating the need for intermediate completion and saving cost by reducing the time and complexity of completion programs.We completed installation of our first ForeSite® Sense Fiber Optic monitoring system in a gas storage well for a major operator in the Middle East. The application will help ensure wellbore integrity, monitor for potential gas migration, and leak paths.Production and Intervention (“PRI”) An operator in the US awarded Weatherford a one-year contract for pumping units that included the supply of our Permanent Magnetic Motor (PMM) technology, which helps reduce energy costs and carbon footprint by utilizing more efficient electric motors.We launched ForeSite® EDGE 2.0, our next-generation scalable IoT-enabled automation solution enhancing customers’ advanced autonomous production optimization in real time. This innovation harnesses high-frequency data processing and modeling at the well site to deliver autonomous production optimization in real-time, thereby enhancing well production, reducing total cost of ownership, and minimizing environmental impact and safety risks. View Source