Weatherford International (WFRD) Company Report

Weatherford delivered $99 million in adjusted free cash flow in Q3 2025 and expanded EBITDA margins by over 70 bps despite continued market headwinds.
The company repurchased approximately $7 million worth of shares in Q3 2025, contributing to $193 million in repurchases over the past five quarters, and paid a $0.25 per share quarterly dividend.
For Q4 2025, Weatherford expects revenues between $1,245 million and $1,280 million and adjusted EBITDA between $274 million and $287 million, with adjusted free cash flow projected to be flat to slightly up from Q3 levels.
Weatherford strengthened its balance sheet by expanding its credit facility to $1 billion, issuing $1.2 billion in new senior notes, and tendering for $1.3 billion of existing notes, resulting in approximately $1.6 billion in liquidity and a net leverage ratio of approximately 0.5 times.
Management anticipates continued market softness for several months, with year-on-year comparisons expected to be down in 2026, but remains cautiously optimistic for improvements in the second half of 2026 driven by offshore activity.

Oct 22, 2025, 12:30 PM

Transcript

Weatherford International Reports Q3 2025 Results, Provides Q4 Guidance, and Details Strategic Initiatives

WFRD

Earnings

Guidance Update

New Projects/Investments

Weatherford International generated $99 million of adjusted free cash flow in Q3 2025 at a 36.8% conversion and expects Q4 adjusted free cash flow to be flat to slightly up from Q3 levels, contingent on payments from Mexico.
The company secured significant contracts, including a three-year, $147 million contract with Petrobras in Brazil, and launched over 20 new products and extensions at its Forward 2025 conference.
WFRD enhanced its liquidity by expanding its credit facility by $280 million to $1 billion and restructured debt, extending maturity by three years and lowering cash interest by approximately $31 million per year.
The market remains soft with pricing pressure and uncertainty, leading to expected year-on-year comparisons being down in H1 2026, though improvement is hoped for in H2 2026. The company has reduced headcount by over 2,000 and lowered annualized personnel expenses by more than $145 million since Q3 last year.
For Q4 2025, revenue is guided between $1.245 billion and $1.28 billion, and adjusted EBITDA is expected to be between $274 million and $287 million.

Oct 22, 2025, 12:30 PM

Transcript

Weatherford Reports Q3 2025 Results Above Expectations, Highlights Capital Returns and Debt Refinancing

WFRD

Earnings

Guidance Update

Debt Issuance

Weatherford's Q3 2025 results were above expectations, with EBITDA margin expanding over 70 bps despite continued market headwinds.
The company generated $99 million in adjusted free cash flow in Q3 2025, and expects Q4 adjusted free cash flow to be at or above this level, contingent on payments from Mexico.
Weatherford returned capital to shareholders by repurchasing approximately $7 million in shares and paying a $0.25 per share quarterly dividend in Q3 2025.
Liquidity was enhanced through a $280 million expansion of its credit facility and a $1.2 billion private offering of 6.75% senior notes due 2033, which extends debt maturity and reduces cash interest by approximately $31 million annually.
The company anticipates a soft first half of 2026 with a rebound in the second half, driven by offshore and key international markets, while North America is expected to remain flattish to down.

Oct 22, 2025, 12:30 PM

Transcript

WFRD Reports Q3 2025 Supplemental Financials

WFRD

Earnings

Weatherford's Return on Assets (ROA) for the trailing twelve months ending September 30, 2025, was 7.7%, a decline from 9.4% in the prior trailing twelve-month period.
Net Income Attributable to Weatherford for the trailing twelve months ending September 30, 2025, was $405 million, decreasing from $481 million in the previous trailing twelve-month period.
As of September 30, 2025, Total Assets were $5,272 million, and Long-term Debt decreased to $1,462 million.
Total Shareholders' Equity increased to $1,567 million as of September 30, 2025.

Oct 22, 2025, 12:30 PM

Presentation

Weatherford Announces Third Quarter 2025 Results

WFRD

Earnings

Debt Issuance

Dividends

Weatherford International plc reported Q3 2025 revenue of $1,232 million, an increase of 2% sequentially, but a decrease of 13% year-over-year. Net income was $81 million, and diluted income per share was $1.12.
Adjusted EBITDA reached $269 million, a 6% sequential increase, and adjusted free cash flow was $99 million, up 25% sequentially.
The company strengthened its financial foundation by expanding its credit facility by $280 million to $1 billion in aggregate commitments, offering $1,200 million in new senior notes, and receiving credit rating upgrades from Moody's, S&P Global Ratings, and Fitch Ratings.
Weatherford returned $25 million to shareholders in Q3 2025 through $18 million in dividend payments and $7 million in share repurchases, and remains on track to meet its full-year 2025 guidance.

Oct 21, 2025, 8:30 PM

8-K

Weatherford International plc Announces Issuance of 6.750% Senior Notes Due 2033

WFRD

Debt Issuance

Weatherford International Ltd., with Weatherford International plc as the Parent Guarantor, entered into an Indenture for the issuance of 6.750% Senior Notes due 2033 on October 6, 2025.
The newly issued notes will mature on October 15, 2033, with interest payments commencing on April 15, 2026.
UMB Bank, N.A. is serving as the Trustee for this Indenture.

Oct 6, 2025, 8:32 PM

8-K

Weatherford International plc Updates on Senior Notes Tender Offer

WFRD

Debt Issuance

Weatherford International plc announced an update on its cash tender offer to purchase up to $1.3 billion aggregate principal amount of its 8.625% Senior Notes due 2030.
As of the October 3, 2025 Early Tender Deadline, $892,828,000 aggregate principal amount of Notes had been validly tendered and not withdrawn.
Holders who validly tendered their Notes by the Early Tender Deadline and whose Notes are accepted for purchase will receive a Total Consideration of $1,023.90 per $1,000 principal amount, which includes an Early Tender Payment of $30.00.
The Tender Offer is scheduled to expire on October 21, 2025.

Oct 6, 2025, 11:31 AM

8-K

Weatherford International plc Announces Q2 2025 Results

WFRD

Earnings

Dividends

Share Buyback

Weatherford International plc reported Q2 2025 revenue of $1,204 million, a 1% sequential increase but a 14% year-over-year decrease. Net income was $136 million, an increase of 79% sequentially and 9% year-over-year, with diluted income per share at $1.87.
The company generated $79 million in adjusted free cash flow in Q2 2025.
Weatherford returned $52 million to shareholders for the quarter, which included $18 million in dividend payments and $34 million in share repurchases. The Board approved a quarterly cash dividend of $0.25 per share.
Management noted an activity slowdown in core operating markets due to geopolitical events, supply-demand imbalance, and trade uncertainties, and anticipates a relatively flat revenue trajectory for the immediate future.

Jul 22, 2025, 12:00 AM

8-K

Weatherford Reports Q1 2025 Earnings Results Amid Market Softness

WFRD

Earnings

Guidance Update

Share Buyback

Dividends

Q1 2025 results met expectations despite a challenging environment, with significant softening seen in North America and a nearly 60% drop in Mexico, while regions like the Middle East and Asia performed more resiliently .
Delivered $1,193 million in revenue, marking an 11% sequential and 12% YoY decline .
Reported $253 million in adjusted EBITDA (21.2% margin) and achieved $66 million in adjusted free cash flow with a 26.1% conversion ratio .
Implemented strict cost optimization measures including reducing head count by over 1,000 and lowering annualized personnel costs by more than $100 million, along with divestitures in Argentina to boost capital efficiency .
Maintained a strong balance sheet with 0.5x net leverage and generated robust operating cash flow of $142 million .
Enhanced capital allocation through $34 million of note repurchases and a total shareholder return of $71 million .
Forward guidance remains cautious, anticipating revenue declines in North America and internationally while preserving dividends and pursuing strategic growth opportunities .

Apr 23, 2025, 12:31 PM

Transcript Presentation

Weatherford Q1 2025 Update: CFO Appointment & Earnings Announcement

WFRD

CFO Change

Earnings

Dividends

Management Change

Share Buyback

Revenue of $1,193 million decreased 12% year-over-year, with operating income of $142 million and net income of $76 million in Q1 2025.
Weatherford International appointed Anuj Dhruv as Executive Vice President and Chief Financial Officer effective April 21, 2025, bringing over two decades of global finance experience.
Former CFO Arun Mitra departed on April 21, 2025 and will receive severance and related compensation benefits as outlined in the filing.
Adjusted EBITDA of $253 million, along with operating cash flow of $142 million and adjusted free cash flow of $66 million, underpinned Q1 performance.
The company repurchased $34 million of senior notes, declared a $0.25 per share dividend, and sold its Pressure Pumping business in Argentina as part of its portfolio optimization strategy.

Apr 22, 2025, 12:00 AM

8-K 8-K

Earnings Transcripts

Quarterly earnings call transcripts for Weatherford International.

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