earnings
confidence high
sentiment positive
materiality 0.75
Weatherford Q4 rev $965M (+15% YoY), adj EBITDA $154M (16% margin); cash flow improves; >$1B contract wins
Weatherford International plc
2022-FY EPS reported
-$6.43
revenue$3,645,000,000
- Q4 revenue $965M (+15% YoY, +2% seq); full year $3.65B (-1% YoY).
- Q4 adj EBITDA $154M (16% margin), +57% YoY; operating income $33M vs loss of $107M in Q4 2020.
- Q4 free cash flow $49M vs -$23M in Q4 2020; full year FCF $278M vs $78M in 2020.
- Cash & liquidity ~$1.1B; refinancing completed; S&P rating upgrade to B- in Dec 2021.
- Awarded >$1B in contracts from ADNOC, Saudi Aramco, KOC, Shell; CEO cites multi-year upcycle.