secwatch.observer — SEC 8-K summary
======================================

Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001603923-22-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q4 rev $965M (+15% YoY), adj EBITDA $154M (16% margin); cash flow improves; >$1B contract wins
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000047/0001603923-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000047/wfrd-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001603923-22-000047

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