---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-23-000121"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:08:31.505021+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q2 revenue $1,274M (+7% seq), net income $82M; raises full-year outlook

## Summary
- Revenue $1,274M (+7% sequentially), driven by 12% international revenue growth.
- Net income $82M ($10M increase QoQ); net income margin 6.4%.
- Adjusted EBITDA $291M (22.8% margin), up 8% sequentially; raised full-year outlook.
- Cash from operations $201M; adjusted free cash flow $172M; debt repayments $159M in Q2.
- First deployment of Modus MPD system and launch of StringGuard dropped-string prevention tech.

## SEC filing metadata
- accession: 0001603923-23-000121
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000121/0001603923-23-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000121/wfrd-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-23-000121
- JSON: https://secwatch.observer/filing/0001603923-23-000121.json
- Plain text: https://secwatch.observer/filing/0001603923-23-000121.txt

## Key facts
- Earnings Releases
  Weatherford International plc reported the second quarter ended June 30, 2023 results: revenue $1,274 million, net income $82 million. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $1,274 million
  - Net income: $82 million
  - Guidance: raised
  - Result: reported results
  source text: News Release Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook • Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12% • Operating income of $201 million increased 9% sequentially • Net income of $82 million increased $10 million sequentially; net income margin of 6.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000121/0001603923-23-000121-index.htm

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