secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001104659-23-111127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/0001104659-23-111127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000110465923111127/tm2328755d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer