secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001603923-23-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000121/0001603923-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000121/wfrd-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001603923-23-000121

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