---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-23-000062"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:55:24.842331+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q4 rev $1.21B (+25% YoY); net income $72M; guides 2023 rev up low-double-digit to mid-teens

## Summary
- Q4 revenue $1,209M, up 8% QoQ and 25% YoY; full-year revenue $4,331M, up 19% YoY.
- Q4 operating income $169M (+412% YoY); full-year net income $26M vs net loss $450M in 2021.
- Q4 adjusted EBITDA $266M (22.0% margin), highest in >12 years; full-year adjusted EBITDA $817M (+43% YoY).
- Free cash flow $171M in Q4; full-year FCF $299M; debt repayments of $214M through Jan 2023.
- 2023 guidance: revenue growth low-double-digit to mid-teens; EBITDA margin expansion at least 100 bps.

## SEC filing metadata
- accession: 0001603923-23-000062
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000062/0001603923-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000062/wfrd-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-23-000062
- JSON: https://secwatch.observer/filing/0001603923-23-000062.json
- Plain text: https://secwatch.observer/filing/0001603923-23-000062.txt

## Key facts
- Earnings Releases
  Weatherford International plc reported the fourth quarter and full year ended December 31, 2022 results: revenue $1,209 million, net income $72 million. Guidance reaffirmed.
  - Period: the fourth quarter and full year ended December 31, 2022
  - Revenue: $1,209 million
  - Net income: $72 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: section of the Company’s website. --- EX-99.1 (EX-99.1) --- News Release Weatherford Announces Fourth Quarter and Full Year 2022 Results • Fourth quarter revenues of $1,209 million, increased 8% sequentially and 25% year-over-year; full year revenues of $4,331 million, increased 19% from prior year, the highest growth rate in over 10 years • Fourth quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000062/0001603923-23-000062-index.htm

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