{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-111127","form_type":"8-K","ticker":"WFRD","cik":"0001603923","company_name":"Weatherford International plc","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.739997+00:00","generated_at":"2026-06-09T14:14:11.894108+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Weatherford Q3 revenue $1.313B (+17% YoY), raises FY outlook, announces $550M credit facility","bullets":["Q3 revenue $1,313M (+17% YoY); net income $123M (+339% YoY); adjusted EBITDA margin 23.2% (over 14-year high).","Cash from ops $172M; debt repayments $147M on 6.50% Senior Secured Notes; raised full-year outlook.","Announced $550M credit facility with $300M cash revolver and 5-year maturity; optional $200M accordion.","Launched ForeSite ReGenX-i, first regenerative VSD for rod-lift, recycling wasted power and reducing emissions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-111127","json":"https://secwatch.observer/filing/0001104659-23-111127.json","markdown":"https://secwatch.observer/filing/0001104659-23-111127.md","text":"https://secwatch.observer/filing/0001104659-23-111127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/tm2328755d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T14:14:11.894108+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a795fbabc75bba59b2398b8561ad5610f836a1dd","claim":"Weatherford International plc amended revolving credit of $550 million revolving credit facility with Wells Fargo Bank, National Association at Adjusted Term SOFR plus an applicable margin of 225-375 basis points per annum maturing October 24, 2028.","evidence_excerpt":"On October 24, 2023 (the “Amendment Effective Date”), the Borrowers, Weatherford, each other Obligor, the lenders party thereto and the Administrative Agent entered into the Fourth Amendment to Amended and Restated Credit Agreement (the “Fourth Amendment”), which, among other things, increases the aggregate commitments under the revolving credit facility such that the Amended and Restated Credit Agreement provides for a $550 million revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$550 million revolving credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Adjusted Term SOFR plus an applicable margin of 225-375 basis points per annum"},{"label":"Maturity","value":"October 24, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8bd7132f7eaa28d5fbabb0ee353f2fd40050b2d0","claim":"Weatherford International plc reported the third quarter ended September 30, 2023 results: revenue $1,313 million, net income $123 million. Guidance raised.","evidence_excerpt":"Revenues of $1,313 million increased 3% sequentially and 17% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$1,313 million"},{"label":"Net income","value":"$123 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}