---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-22-000091"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:11:39.524617+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q2 revenue $1,064M (+13% seq); net income $6M; raises FY outlook to mid-teens growth

## Summary
- Revenue $1,064M (+13% seq, +18% YoY); operating income $104M vs $18M in Q1; net income $6M vs net loss $80M.
- Adjusted EBITDA $186M (17.5% margin), up 23% seq; free cash flow $59M, improvement of $123M from Q1.
- Raised full-year 2022 revenue outlook to mid-teens growth YoY from prior expectations.
- Desmond Mills named interim CFO effective Aug 1, 2022, replacing H. Keith Jennings who departs July 31.
- Issued notice to redeem $50M of 11% senior unsecured notes on Aug 10, 2022.

## SEC filing metadata
- accession: 0001603923-22-000091
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/0001603923-22-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/wfrd-20220725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-22-000091
- JSON: https://secwatch.observer/filing/0001603923-22-000091.json
- Plain text: https://secwatch.observer/filing/0001603923-22-000091.txt

## Key facts
- Executive change
  Desmond J. Mills was appointed as Chief Financial Officer (interim) at Weatherford International plc.
  - Action: appointed
  - Role: Chief Financial Officer (interim)
  source text: on July 25, 2022, the Board determined that effective August 1, 2022, Desmond J. Mills, Senior Vice President and Chief Accounting Officer, will assume the role of Chief Financial Officer and principal financial officer on an interim basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/0001603923-22-000091-index.htm
- Executive change
  H. Keith Jennings departed as Executive Vice President and Chief Financial Officer at Weatherford International plc.
  - Action: departed
  - Role: Executive Vice President and Chief Financial Officer
  source text: H. Keith Jennings, our Executive Vice President and Chief Financial Officer, will be leaving Weatherford effective July 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/0001603923-22-000091-index.htm

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