---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-23-000099"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:20:14.643033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q1 revenue up 26% YoY to $1.186B; net income $72M, up 190%

## Summary
- Revenue $1,186M (+26% YoY); operating income $185M (+928% YoY); net income $72M (+190% YoY).
- Adjusted EBITDA $269M (+78% YoY); margin 22.7%. Cash from ops $84M; adj. free cash flow $27M.
- Repaid/redeemed $62M of senior notes in Q1; notice to redeem remaining $105M of 11% notes due 2024.
- Over $1.2B in global commercial wins; launched new technology offerings in all three segments.

## SEC filing metadata
- accession: 0001603923-23-000099
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2023-04-25T23:59:59+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/1603923/000160392323000099/0001603923-23-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000099/wfrd-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-23-000099
- JSON: https://secwatch.observer/filing/0001603923-23-000099.json
- Plain text: https://secwatch.observer/filing/0001603923-23-000099.txt

## Key facts
- Earnings Releases
  Weatherford International plc reported the first quarter ended March 31, 2023 results: revenue $1,186 million, net income $72 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $1,186 million
  - Net income: $72 million
  - Result: reported results
  source text: • Revenues of $1,186 million increased 26% year-over-year • Operating income of $185 million increased 928% year-over-year • Net income of $72 million increased 190% year-over-year; net income margin of 6.1%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000099/0001603923-23-000099-index.htm

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