---
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"
generated_at: "2026-06-09T14:14:11.894108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q3 revenue $1.313B (+17% YoY), raises FY outlook, announces $550M credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-111127
- JSON: https://secwatch.observer/filing/0001104659-23-111127.json
- Plain text: https://secwatch.observer/filing/0001104659-23-111127.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $550 million revolving credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Adjusted Term SOFR plus an applicable margin of 225-375 basis points per annum
  - Maturity: October 24, 2028
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm
- Earnings Releases
  Weatherford International plc reported the third quarter ended September 30, 2023 results: revenue $1,313 million, net income $123 million. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1,313 million
  - Net income: $123 million
  - Guidance: raised
  - Result: reported results
  source text: Revenues of $1,313 million increased 3% sequentially and 17% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.